Registration number: 08889125

St Just Housing Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

St Just Housing Limited

Company Information

Directors

Mrs Joanna Standeven Mr Adrian Richard Bayford

Registered office

5 High Green Great Shelford Cambridge CB22 5EG

Accountants

Tayabali & White 5 High Green Great Shelford Cambridge CB22 5EG

St Just Housing Limited

(Registration number: 08889125)
Balance Sheet as at 28 February 2026

	Note	2026 £	(As restated) 2025 £
Fixed assets
Tangible assets	4	12,461,324	13,092,027
Current assets
Debtors	5	14,452	18,849
Cash at bank and in hand		723,203	440,411
		737,655	459,260
Creditors: Amounts falling due within one year	6	(56,799)	(81,534)
Net current assets		680,856	377,726
Total assets less current liabilities		13,142,180	13,469,753
Creditors: Amounts falling due after more than one year	6	(10,105,284)	(10,415,511)
Provisions for liabilities		(444,260)	(467,887)
Net assets		2,592,636	2,586,355
Capital and reserves
Called up share capital	7	100	100
Other reserves		1,901,713	1,880,086
Retained earnings		690,823	706,169
Shareholders' funds		2,592,636	2,586,355

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 May 2026 and signed on its behalf by:
 

St Just Housing Limited

(Registration number: 08889125)
Balance Sheet as at 28 February 2026

......................................... Mrs Joanna Standeven Director

......................................... Mr Adrian Richard Bayford Director

St Just Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company's registered number is 08889125.

The address of its registered office is:
5 High Green
Great Shelford
Cambridge
CB22 5EG

These financial statements were authorised for issue by the Board on 15 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Prior period errors

The financial statements include a prior period adjustment of £125,670 in relation to a previously misstated deferred tax provision and non-distributable reserves as at 28th February 2025. Comparative figures have therefore been restated in these financial statements to show the correct deferred tax provision as at 28th February 2025 of £467,887 and correct non-distributable reserves of £1,880,086.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Page 4

St Just Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements	4% on cost
Plant and machinery	20% reducing balance
Motor vehicles	25% reducing balance
Fixtures and fittings	20% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 3).

St Just Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

4	Tangible assets

	Land and buildings £	Improvements to property  £	Fixtures and fittings £	Plant and machinery £
Cost or valuation
At 1 March 2025	12,925,201	182,016	28,304	3,016
Additions	-	10,840	1,106	-
Disposals	(619,720)	(9,186)	(5,071)	-
At 28 February 2026	12,305,481	183,670	24,339	3,016
Depreciation
At 1 March 2025	-	50,193	20,013	1,938
Charge for the year	-	7,212	1,476	216
Eliminated on disposal	-	(2,573)	(4,067)	-
At 28 February 2026	-	54,832	17,422	2,154
Carrying amount
At 28 February 2026	12,305,481	128,838	6,917	862
At 28 February 2025	12,925,201	131,823	8,291	1,078

	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2025	47,970	13,186,507
Additions	-	11,946
Disposals	-	(633,977)
At 28 February 2026	47,970	12,564,476
Depreciation
At 1 March 2025	22,336	94,480
Charge for the year	6,408	15,312
Eliminated on disposal	-	(6,640)
At 28 February 2026	28,744	103,152
Carrying amount
At 28 February 2026	19,226	12,461,324
At 28 February 2025	25,634	13,092,027

St Just Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Included within the net book value of land and buildings above is £12,305,481 (2025 - £12,925,201) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Land and buildings was revalued on 24 January 2022. An independent valuer was not involved.

The revaluation of investment properties was undertaken on the basis of market value in accordance with RICS appraisal and valuation standards. It is the directors opinion that the market value of all properties owned by St Just Housing Limited will not have materially changed since this date as at 28th February 2025. All properties purchased by the company since January 2022 are included at cost on the same basis.

Had this class of asset been measured on a historical cost basis, the carrying amount would have been £9,966,260 (2025 - £10,585,980).

5

Debtors

Current	2026 £	2025 £
Trade debtors	13,630	11,999
Prepayments	822	6,850
	14,452	18,849

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	2,702	14,655
Taxation and social security	6,365	28,842
Accruals and deferred income	14,162	12,940
Other creditors	33,570	25,097
	56,799	81,534

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	10,105,284	10,415,511

St Just Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	3,570,000	3,570,000
Other borrowings	6,535,284	6,845,511
	10,105,284	10,415,511