REGISTERED NUMBER: 10428907 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2023 to 31 December 2024

for

KASSOE HOUSING UK LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Beal

C Clark

REGISTERED OFFICE:

5 Willow Walk

Cowbridge

CF71 7EE

REGISTERED NUMBER:

10428907 (England and Wales)

ACCOUNTANTS:

Macey Owen Limited

5, Willow Walk

Cowbridge

Vale of Glamorgan

CF71 7EE

FIXED ASSETS

Intangible assets

4

8,586

15,731

Tangible assets

5

98,223

3,580

Investments

6

15,980

15,980

122,789

35,291

CURRENT ASSETS

Debtors

323,071

101,154

Cash at bank

146,925

12,748

469,996

113,902

CREDITORS

Amounts falling due within one year

(753,879

)

(268,964

)

NET CURRENT LIABILITIES

(283,883

)

(155,062

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(161,094

)

(119,771

)

CREDITORS

Amounts falling due after more than one year

696,361

36,816

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(857,555

)

(156,687

)

(857,455

)

(156,587

)

(161,094

)

(119,771

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

M Beal - Director

1.	STATUTORY INFORMATION

KASSOE HOUSING UK LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the year end the company had net liabilities. The directors are confident that the company will be able to meet its liabilities as and when they fall due for a period of no less than 12 months from the date of the signing of these financial statements.

As a result these financial statements have been prepared on the basis that the company is a going concern.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2023

and 31 December 2024

21,451

AMORTISATION

At 1 August 2023

5,720

Amortisation for period

7,145

At 31 December 2024

12,865

NET BOOK VALUE

At 31 December 2024

8,586

At 31 July 2023

15,731

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2023

9,262

Additions

99,980

Disposals

(3,153

)

At 31 December 2024

106,089

DEPRECIATION

At 1 August 2023

5,682

Charge for period

2,184

At 31 December 2024

7,866

NET BOOK VALUE

At 31 December 2024

98,223

At 31 July 2023

3,580

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 August 2023

and 31 December 2024

15,980

NET BOOK VALUE

At 31 December 2024

15,980

At 31 July 2023

15,980

7.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/24

31/7/23

£

£

Bank loans

31,301

39,391

The company took out a bounceback loan which is a government backed guaranteed loan.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Kassoe Housing Invest APS.