Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Stephen Beale
Philip Kehoe
Jose Simionato
Olutade Olalekan
Keith Wilson

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 May 2026

And signed on behalf of the board by:
Name: Jose Simionato
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2024

	2024	2023
	£	£
Turnover:	5,526,782	5,839,982
Cost of sales:	0	0
Gross profit(or loss):	5,526,782	5,839,982
Administrative expenses:	( 5,789,068 )	( 6,875,927 )
Operating profit(or loss):	(262,286)	(1,035,945)
Profit(or loss) before tax:	(262,286)	(1,035,945)
Profit(or loss) for the financial year:	(262,286)	(1,035,945)

Balance sheet

As at 31 March 2024

	Notes	2024	2023
		£	£
Fixed assets
Tangible assets:	3	10,471,977	8,426,551
Investments:	4	1,853,387	2,153,387
Total fixed assets:		12,325,364	10,579,938
Current assets
Stocks:	5	9,076,836	12,283,184
Debtors:	6	235,204	183,445
Cash at bank and in hand:		33,608	208,500
Total current assets:		9,345,648	12,675,129
Prepayments and accrued income:		58,685	7,324
Creditors: amounts falling due within one year:	7	( 17,111,999 )	( 16,264,003 )
Net current assets (liabilities):		(7,707,666)	(3,581,550)
Total assets less current liabilities:		4,617,698	6,998,388
Creditors: amounts falling due after more than one year:	8	( 903,500 )	( 903,480 )
Provision for liabilities:		( 87,840 )	( 87,840 )
Accruals and deferred income:		( 825,045 )	( 1,153,620 )
Total net assets (liabilities):		2,801,313	4,853,448
Members' funds
Profit and loss account:		2,801,313	4,853,448
Total members' funds:		2,801,313	4,853,448

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Rent, services and fees for housing related support are recognised in the period to which they relate. Grants are accounted for under the accrual method. Donations are recognised when the group is entitled to the income, the receipt is probable, and the amount reliably measured. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Revenue from the property sales is recognised when exchange of contracts has taken place.

  Tangible fixed assets depreciation policy

  Tangible fixed assets (including housing properties) are measured at cost net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: Freehold land Not depreciated Freehold buildings 65 years straight line Fixtures, fittings, and equipment 10% straight line Development expenditure Not depreciated Motor vehicles 5 years straight line

  Other accounting policies

  Accounting convention Going concern Charitable funds Expenditure Investment properties Fixed asset investments Stock Cash and cash equivalents Financial instruments Provisions Employee benefits Retirement benefits Leases Basis of consolidation Taxation Interest payable Investment in subsidiaries

Notes to the Financial Statements

for the Period Ended 31 March 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	12	30