Assured Living Housing Association Limit - Limited company accounts 25.1

REGISTERED NUMBER: 06736807 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ASSURED LIVING HOUSING ASSOCIATION

LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

4

Balance Sheet

5

Statement of Changes in Equity

6

Cash Flow Statement

7

Notes to the Cash Flow Statement

8

Notes to the Financial Statements

9

DIRECTORS:

Ms L M Williams (Chair)

R Atkinson

G R Waterfield

S R Lomax

Mrs N Ahmed

R Kellock

SECRETARY:

R Kellock

REGISTERED OFFICE:

Unit 5 Albert Bridge House

Ashton-On-Ribble

Preston

Lancashire

PR2 2YB

REGISTERED NUMBER:

06736807 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of bespoke accommodation for people with learning and/or physical disabilities, who require a fully supported housing service to enable them to enjoy life in their community.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Ms L M Williams (Chair)

R Atkinson

G R Waterfield

S R Lomax

Mrs N Ahmed

R Kellock

Other changes in directors holding office are as follows:

R Bramley - resigned 26 September 2025

INTERNAL CONTROLS AND CORPORATE GOVERNANCE

The Board continues to meet on a quarterly basis and is ever mindful of the implications of the NHF Code of Governance (2020 Edition) for members as standards of excellence that should reflect in the work of the Board and the Association's managers.

PROPERTIES AND TENANTS SUMMARY

During the financial year, the Association successfully provided 51 properties as accommodation for 115 clients. During the year, 4 properties were acquired.

GOVERNMENT POLICY

The provision of support for people with learning disabilities (supported housing) is heavily dependent upon the adequacy and volume of government funding. The Government has published several consultation documents discussing changes to the manner in which they fund local government in respect of supported housing. Some of these proposals, if implemented, may impact adversely on the demand for the Association's properties. As yet, the Government has refrained from making such changes. However the Board is very mindful of the need to receive regular reports on the Government's position and to make prudent decisions regarding long term commitments. They will continue to keep these issues under constant review.

OTHER MATTERS

The directors do no believe there is any significant uncertainty over the Company's ability to trade as a going concern and that the preparation of the accounts on a going concern basis remains appropriate.

On behalf of the Board, I am able to confirm that Assured Living Housing Association Limited is financially viable and is set to remain so for the foreseeable future.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Ms L M Williams (Chair) - Director

6 May 2026

TURNOVER

3

2,638,060

2,337,011

Cost of sales

1,739,145

1,522,239

GROSS SURPLUS

898,915

814,772

Administrative expenses

842,722

737,005

56,193

77,767

Other operating income

14,066

5,000

OPERATING SURPLUS

5

70,259

82,767

Interest receivable and similar income

1,497

327

71,756

83,094

Interest payable and similar expenses

6

-

292

SURPLUS BEFORE TAXATION

71,756

82,802

Tax on surplus

7

15,356

18,781

SURPLUS FOR THE FINANCIAL YEAR

56,400

64,021

FIXED ASSETS

Tangible assets

8

9,062

11,954

CURRENT ASSETS

Debtors

9

182,742

158,763

Cash at bank

398,987

363,083

581,729

521,846

CREDITORS

Amounts falling due within one year

10

265,652

264,476

NET CURRENT ASSETS

316,077

257,370

TOTAL ASSETS LESS CURRENT
LIABILITIES

325,139

269,324

PROVISIONS FOR LIABILITIES

11

1,494

2,079

NET ASSETS

323,645

267,245

RESERVES

Income and expenditure account

323,645

267,245

MEMBERS' FUNDS

323,645

267,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2026 and were signed on its behalf by:

Ms L M Williams (Chair) - Director

Retained

Total

earnings

equity

£

Balance at 1 January 2024

203,224

Changes in equity

Total comprehensive income

64,021

Balance at 31 December 2024

267,245

Changes in equity

Total comprehensive income

56,400

Balance at 31 December 2025

323,645

Cash flows from operating activities

Cash generated from operations

1

53,583

138,208

Interest paid

-

(292

)

Tax paid

(19,176

)

(4,942

)

Net cash from operating activities

34,407

132,974

Cash flows from investing activities

Interest received

1,497

327

Net cash from investing activities

1,497

327

Cash flows from financing activities

Loan repayments in year

-

(27,500

)

Net cash from financing activities

-

(27,500

)

Increase in cash and cash equivalents

35,904

105,801

Cash and cash equivalents at beginning of
year

2

363,083

257,282

Cash and cash equivalents at end of year

2

398,987

363,083

1.	RECONCILIATION OF SURPLUS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31/12/25

31/12/24

£

Surplus before taxation

71,756

82,802

Depreciation charges

2,892

3,827

Finance costs

-

292

Finance income

(1,497

)

(327

)

73,151

86,594

(Increase)/decrease in trade and other debtors

(23,979

)

37,314

Increase in trade and other creditors

4,411

14,300

Cash generated from operations

53,583

138,208

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31/12/25

1/1/25

£

Cash and cash equivalents

398,987

363,083

Year ended 31 December 2024

31/12/24

1/1/24

£

Cash and cash equivalents

363,083

257,282

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/25

Cash flow

At 31/12/25

£

Net cash

Cash at bank

363,083

35,904

398,987

363,083

35,904

398,987

Total

363,083

35,904

398,987

1.	STATUTORY INFORMATION

Assured Living Housing Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company is a Registered Provider of Social Housing (registration number: 4731).

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.

The financial statements have also been prepared in accordance with the Housing SORP 2018 "Statement of Recommended Practice for Registered Social Housing Providers" (alongside the Housing SORP Guidance Note 2022) and the Accounting Direction for Private Registered Providers of Social Housing 2022.

Significant judgements and estimates

In the application of the Company's accounting policies, the directors are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Reviews to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods, where the revision affects both current and future periods.

The directors do not consider there to be any key judgements or key sources of estimation uncertainty to disclose.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year 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 year 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.

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.

Going concern

At the time of approving the financial statements, the directors do not believe there is any significant uncertainty over the Company's ability to trade as a going concern and that the preparation of the accounts on a going concern basis remains appropriate.

3.

TURNOVER

The turnover and surplus before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

31/12/25

31/12/24

£

Gross rents receivable

1,910,101

1,708,462

Service charges receivable

632,173

552,158

Other income

95,786

76,391

2,638,060

2,337,011

Turnover represents rental and service charges (net of losses from voids) and other income.

The total amount of rental losses due to voids was £72,433 (2024: £49,162).

4.	EMPLOYEES AND DIRECTORS

31/12/25

31/12/24

£

Wages and salaries

122,498

165,687

Social security costs

16,025

12,199

Other pension costs

2,667

3,561

141,190

181,447

The average number of employees during the year was as follows:

31/12/25

31/12/24

Office and management

-

2

Housing support and care

4

6

5.	OPERATING SURPLUS

The operating surplus is stated after charging:

31/12/25

31/12/24

£

Depreciation - owned assets

2,892

3,827

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31/12/25

31/12/24

£

Bank loan interest

-

292

7.

TAXATION

Analysis of the tax charge

The tax charge on the surplus for the year was as follows:

31/12/25

31/12/24

£

Current tax:

UK corporation tax

15,941

19,058

Deferred tax

(585

)

(277

)

Tax on surplus

15,356

18,781

UK corporation tax has been charged at 21.45% (2024 - 22.17%).

8.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 January 2025

and 31 December 2025

3,590

19,898

23,488

DEPRECIATION

At 1 January 2025

1,691

9,843

11,534

Charge for year

384

2,508

2,892

At 31 December 2025

2,075

12,351

14,426

NET BOOK VALUE

At 31 December 2025

1,515

7,547

9,062

At 31 December 2024

1,899

10,055

11,954

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Trade debtors

141,411

104,759

Service charges receivable

-

8,553

Other debtors

38,118

43,970

Prepayments and accrued income

3,213

1,481

182,742

158,763

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Trade creditors

14,542

31,187

Service charges payable

163,574

141,571

Tax

15,822

19,057

Other creditors

37,434

53,577

Accrued expenses

34,280

19,084

265,652

264,476

11.	PROVISIONS FOR LIABILITIES

31/12/25

31/12/24

£

Deferred tax

1,494

2,079

Deferred

tax

£

Balance at 1 January 2025

2,079

Credit to Income Statement during year

(585

)

Balance at 31 December 2025

1,494

12.	RELATED PARTY DISCLOSURES

Professional fees of £40,970 (2024: £34,600) were charged by directors of the company. These fees were in respect of services carried out on an arms length basis.

13.	ULTIMATE CONTROLLING PARTY

The company was under the control of its members by virtue of limitation by guarantee throughout the whole of the current and previous year.

14.	MEMBERS' LIABILITY

The company is limited by guarantee, with no share capital, and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up, such amounts that may be required not exceeding £1.