Company No:
Contents
| DESIGNATED MEMBERS | Allied Housing Limited |
| Lenrose Housing Limited |
| REGISTERED OFFICE | 22 Chancery Lane |
| London | |
| WC2A 1LS | |
| United Kingdom |
| REGISTERED NUMBER | OC425143 (England and Wales) |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 3 |
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| 101 | 101 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 263 | 294 | |||
| Creditors: amounts falling due within one year | 5 | (
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(
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| Net current liabilities | (27,321) | (24,833) | ||
| Total assets less current liabilities | (27,220) | (24,732) | ||
| Net liabilities attributable to members | (
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(
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| Represented by | ||||
| Members' other interests | ||||
| Members' capital classified as equity | 200 | 200 | ||
| Other reserves | (27,420) | (24,932) | ||
| (27,220) | (24,732) | |||
| (27,220) | (24,732) | |||
| Total members' interests | ||||
| Members' other interests | (27,220) | (24,732) | ||
| (27,220) | (24,732) |
Members' responsibilities:
The financial statements of Citizen Housing LLP (registered number:
|
Allied Housing Limited
Designated member |
Lenrose Housing Limited
Designated member |
| EQUITY Members' other interests |
Total members' interests | |||
|---|---|---|---|---|
| Members' capital (classified as equity) | Other reserves | Total | Total | |
| £ | £ | £ | £ | |
| Balance at 01 April 2023 | 200 | (22,633) | (22,433) | (22,433) |
| Loss for the financial year available for discretionary division among members | 0 | (2,299) | (2,299) | (2,299) |
| Members' interest after loss for the financial year | 200 | (24,932) | (24,732) | (24,732) |
| Balance at 31 March 2024 | 200 | (24,932) | (24,732) | (24,732) |
| Loss for the financial year available for discretionary division among members | 0 | (2,488) | (2,488) | (2,488) |
| Members' interest after loss for the financial year | 200 | (27,420) | (27,220) | (27,220) |
| Balance at 31 March 2025 | 200 | (27,420) | (27,220) | (27,220) |
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Citizen Housing LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The members have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The members note that the business has net liabilities of £27,220. The LLP is supported through loans from group undertakings. The members have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the group entities will continue to support the LLP. After making enquiries, the members believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.
An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.
The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' in the profit or loss account.
In the event of the LLP making losses, the loss is not allocated automatically and is recognised in equity.
Investments in subsidiaries are measured at cost less accumulated impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the LLP during the year |
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Investments in subsidiaries
| 2025 | |
| £ | |
| Cost | |
| At 01 April 2024 |
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| At 31 March 2025 |
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| Carrying value at 31 March 2025 |
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| Carrying value at 31 March 2024 |
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Investments in shares
The following were subsidiary undertakings of the LLP:
| Name of entity | Registered office | Principal activity | Class of shares |
Ownership 31.03.2025 |
Ownership 31.03.2024 |
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22 Chancery Lane, London, England, WC2A 1LS | Property investment advisory services |
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22 Chancery Lane, London, England, WC2A 1LS | Property investment advisory services |
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| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed by Group undertakings |
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| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed to Group undertakings |
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