North East Supported Tenancies Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11263422

NORTH EAST SUPPORTED TENANCIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

NORTH EAST SUPPORTED TENANCIES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

NORTH EAST SUPPORTED TENANCIES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		1,148		1,351

CURRENT ASSETS

Debtors	6	33,243	1,428
Cash at bank and in hand		1,106,955	380,734
		-------------	----------
		1,140,198	382,162

CREDITORS: amounts falling due within one year	7	270,827		159,028
		-------------		----------
NET CURRENT ASSETS			869,371		223,134
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			870,519		224,485

PROVISIONS

Taxation including deferred tax	287	338
	----------	----------
NET ASSETS	870,232	224,147
	----------	----------

CAPITAL AND RESERVES

Called up share capital	9	200	100
Profit and loss account		870,032	224,047
		----------	----------
SHAREHOLDERS FUNDS		870,232	224,147
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

NORTH EAST SUPPORTED TENANCIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Ms K. Seeds
Director

Company registration number: 11263422

NORTH EAST SUPPORTED TENANCIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Town Hall Business Centre, High Street East, Wallsend, Tyne and Wear, NE28 7AT.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and equipment	-	15% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 12 (2024: 14 ).

5. TANGIBLE ASSETS

	Plant and equipment
	£
Cost
At 1st April 2024 and 31st March 2025	1,979
	-------
Depreciation
At 1st April 2024	628
Charge for the year	203
	-------
At 31st March 2025	831
	-------
Carrying amount
At 31st March 2025	1,148
	-------
At 31st March 2024	1,351
	-------

6. DEBTORS

	2025	2024
	£	£
Prepayments	31,815	–
Other debtors	1,428	1,428
	---------	-------
	33,243	1,428
	---------	-------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Accruals	11,987	40,372
Corporation tax	232,183	72,389
Social security and other taxes	1,018	19,245
Director loan accounts	25,639	27,022
	----------	----------
	270,827	159,028
	----------	----------

8. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	287	338
	----	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	287	338
	----	----

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary 'A' shares of £ 1 each	100	100	100	100
Ordinary 'B' shares of £ 1 each	100	100	–	–
	----	----	----	----
	200	200	100	100
	----	----	----	----

Share movements

	No.	£

Ordinary 'B'

At 1st April 2024	–	–
Issue of shares	100	100
	----	----
At 31st March 2025	100	100
	----	----

10. RELATED PARTY TRANSACTIONS

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.