REGISTERED NUMBER: 04713032 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

IKE SUPPORTED HOUSING LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

6

Income Statement

8

Balance Sheet

9

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

Mrs J A Smith

Mr M A Smith

Mrs A J Swallow

Mrs G Coltman

Mrs M Kiddy-Broadbelt

Mr E Hudson

Mrs J Dannatt

SECRETARY:

Mrs J A Smith

REGISTERED OFFICE:

Maple House

Maple Court

Tankersley

Barnsley

S75 3DP

REGISTERED NUMBER:

04713032 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

The directors present their strategic report for the year ended 31 March 2026.

REVIEW OF BUSINESS

IKE's business is the provision of Specialist Supported Housing for adults with Learning Disabilities, Physical Disabilities, Autism and, from the beginning of March 2023, Mental Ill Health (MH).

The principal activities include the management and maintenance of properties which are fit for purpose taking into account tenants needs which are not adequately served by the commercial housing market.

IKE is an established provider of Specialist Supported Housing from Worcester to Durham.

During the year voids have fluctuated and as at 31 March 2026, we had 13 voids or 8.5% in actual terms, although some were covered under service level agreements (3 full lease payments and 100% service charges, and 4 full lease payments and 50% service charges, and 3 covers the lease payment only) which in financial terms equates to 8 voids or 1.96%.

IKE has a vacant property which has been disregarded from our void's calculations as this is not covered by any service level agreement. The property is currently being discussed with developers and commissioners for future projects.

In our tenth year as a Private Registered Provider (PRP) we carried out further rent reviews on all our schemes in order to ensure they remain viable in the face of recent challenges to social housing. All the LA's we work with accepted rent increases which were in line with current guidance.

This year our portfolio has increased by 3 units in a shared house in Rotherham for supporting people with mental ill health. IKE has many development opportunities and continues to build partnerships to increase IKE's portfolio in the future.

At our head office this year, IKE has been continuing to work hard on upgrading our software system to make our service more efficient and streamlined. The new software is used to report and record all aspects of the business so IKE can ensure we are maintaining our company strategic objectives and achieving our KPI's as well as providing the best service.

IKE has invested in the growth of operational staff increasing our employees by 2 apprentices and promoting existing staff to more senior positions.

Annually, we use a Tenants Survey to check the performance and assessment of the business model. The survey asks the tenants a series of questions which are designed to give us an understanding of how our services are working. We had great response from our July 26 survey, and data is being collected ready to be presented on our website.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risk to IKE is voids. Voids remain relatively low at 1.96% of bed spaces (having disregarded tenancies which are covered by nominations agreements); typically filling voids for IKE's tenant groups is more difficult and takes longer than general needs due to issues around LA social care funding and compatibility between vulnerable tenants. IKE does have a strong ring-fenced fund to self-insure against voids and bad debts plus the protection afforded through nominations agreements allowing us to trade through voids. We are working to ensure new schemes are as risk free to the company as possible, by using break clauses, service level and nominations agreements, which puts some onus on the support providers or commissioning authority to fill voids promptly or cover some or all of the void costs.

Other risks include -

The reliance on leased based properties: IKE has traditionally leased properties from funders and underwritten financial risk with matching service level agreements in exchange for nomination rights. While funders want long term leases to protect their investment, support providers and LA's prefer short term agreements, and variation between the two may expose IKE to risk. We intend to minimise this risk using lease and SLA's that run concurrently, mirroring any break clause between the two or using shorter leases, and manage funds wisely to ensure compliance with lease covenants. In the longer term we aim to explore alternatives including the acquisition of properties using other models leading to greater ownership of properties.

Ensuring we maintain compliance with new and existing regulatory and statutory standards, including the Supported Housing (Regulatory Oversight) Act, ongoing property compliance and safety regulations, repairing obligations, and tenant satisfaction. Through continued good management, independent stewardship, and wise financial decisions, we aim to maintain IKE's reputational and regulatory standing.

Continuing to offer value for money by spending public money wisely in all areas, despite financial pressures from rising repair and property compliance costs, property upgrades and improvements, increased staffing and training costs; all factors which can negatively affect operating margins.

We have robust policies on Risk Management and a Risk Environmental Statement, and our Financial Forecasts have factored in both best and worst case scenarios going forward.

VALUE FOR MONEY

IKE's VFM statement is intended to demonstrate to our tenants, their appointees, key stakeholders and board members that our service is efficient and delivers what the tenants need when the need is in a cost effective manner, taking into consideration their higher than normal requirements.

To this end, we have an effective VFM strategy document which is used to assess whether or not we have obtained the maximum benefit from the goods and services we acquire and provide, within the resources available to us. Our aim is to achieve the optimum balance of relatively low costs, high productivity and successful outcomes. However, we think VFM is not just about cutting costs. It is also about achieving better quality and greater quantity and improving services that matter to stakeholders.

By our tenth year of registration we have delivered 153 units of high quality supported housing; these are fairly low risk from voids, all being covered under service level agreements, and the running costs are acceptable to the LA Commissioner's and Senior Benefit's Managers where they are located. They meet rules concerning Supported Housing exemptions contained in the 2025 Rent Standards and the Social Rents (Exceptions & Miscellaneous) Regulations 2016.

Our tenants, due to their specific needs, require more efficient, intensive and reactive responses than in general needs housing. This is often reflected in us spending more than usual on reactive services and goods. Anxieties caused by seemingly minor repairs issues for example can lead to more costly intervention later, for example ASB. We have to balance this against offering less responsive services that most general needs tenants can normally cope with.

The company incurred a pre-tax deficit of £203,218 (2025 surplus of £293,956). In arriving at such amounts of £436,986 (2025 £266,414) were transferred to the Voids and Sinking Funds and amounts of £301,324 (2025 £191,166) were released from the Voids and Sinking Funds. In 2024 the net cost of voids incurred were covered in full by utilisation of the voids element of the Voids and Sinking Fund. The policy of establishing a Voids and Sinking Fund was not in place until the 2019 financial year.

Overhead expenses in 2026 were £142,240 higher than the previous year. The largest increase was Wages and Salaries (£112,552 increase) arising from pay increases and increased staff numbers.

KEY PERFORMANCE METRICS

IKE's performance against the seven Metrics included in the Value for Money Standard are as follows:

Reinvestment % [Costs incurred in the development of new housing properties in the year compared to housing properties at cost]. As IKE does not own any housing properties itself (but instead lease the properties), computation of a Reinvestment percentage is not considered appropriate.

New supply delivered [social housing units]. This metric is ordinarily considering movements in units owned. IKE does not own any housing properties itself, but an alternative metric would be the increase in number of units in management being +2 % (2025 0%).

Gearing % asset valuation - The denominator to this metric is the value of housing properties. Whilst IKE does now have a long-term loan (used to partially finance the acquisition of a new registered office), it does not own any housing properties.

EBITDA MRI% - consistent with the comment against Gearing, IKE has not incurred any interest payable or other finance costs in connection with housing properties - so this metric is not relevant to IKE.

Headline Social Housing cost per unit - [such costs are exclusive of lease rental payable). The per unit costs for IKE were £5,955 (2025 £4,564) (inclusive of the effect of the transfer to the Voids and Sinking Fund) and £4,045 (2025 £2,899) (exclusive of the effect of the transfer to the Voids and Sinking Fund). In arriving at such amounts, account has been taken of grants receivable in respect of social housing operating costs and releases from Sinking Funds.

Operating Margin (social housing lettings) % - 12.56% (2025 23.97%) (inclusive of the effect of the transfers to/from the Voids and Sinking Fund).

Return on Capital Employed - -11.707% (2025 13.67%) (Inclusive of the effect of the transfers to/from the Voids and sinking fund).

GOVERNANCE AND FINANCIAL VIABILITY

IKE has adopted the NCVO's Good Governance, A Code for the Voluntary and Community Sector 2010. This was agreed with the Regulator of Social Housing (RSH) prior to registration and will be reviewed annually.

The principles are:

- Directors must understand their role. The Directors, both Executive and Non Executive, have been issued with guidance explaining their roles and responsibilities, a summary of their legal duties, a code of conduct and a person specification.

- Ensuring delivery of organisational purpose. The Board discusses at its quarterly meetings the path IKE is following. Proposed new business is discussed to ensure we stay true to the aims and objectives set out in our Memorandums and Articles of Association.

- Working effectively both as individuals and as a team. The Board have bonded very well. Individual skills complement each other and The Board work transparently and effectively together. High standards of respect, impartially, integrity, tolerance and avoiding conflicts of interest have been maintained through the entirety of IKE's registration.

- Exercising effective control. Board meetings include updates on new business, risks and financial viability. Management accounts visual presentations are emailed to the Board every quarter and any questions are added to the agenda for the physical board meeting. Risks especially from new business are discussed and agreed on.

- Behaving with integrity. The Board have all signed up to IKE's Probity Policy and IKE maintains an up to date Register of Interests.

- Being open and accountable. The Board intends to operate in a transparent manner in all instances. Meetings are minuted and agreed as being a true reflection of what has been discussed. The company has joined the Housing Ombudsman Service, however we have received no complaints about our service or management either formally or informally, which is something we are proud about. Roles are clear and the Executive members are held accountable to the Non-Executive members.

ON BEHALF OF THE BOARD:

Mrs J A Smith - Director

30 September 2026

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

IKE's business is the provision of Specialised Supported Housing (SSH) for adults with Learning Disabilities (LD),

Physical Disabilities (PD), Autism or Autism Spectrum Conditions (ASC) and Mental ill Health (MH). The principal

activities include development and refurbishment of properties which are fit for purpose taking into account the

nature of the tenants, and management of the properties afterwards in a manner proportional to the tenants' special

needs.

DIRECTORS

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

Mrs J A Smith

Mr M A Smith

Mrs A J Swallow

Mrs G Coltman

Mrs M Kiddy-Broadbelt

Mr E Hudson

Other changes in directors holding office are as follows:

Mr P Ironmonger - resigned 23 October 2025

Mrs J Dannatt - appointed 18 June 2025

The company has made qualifying third party indemnity provisions for the benefit of its Directors during the year. These provisions remain in force at the reporting date.

COMPLIANCE

The company has fully complied with the Accounting Direction for Private Registered Providers of Social Housing 2022.

In the opinion of the Directors, the Company is compliant with the Regulator of Social Housing Governance and Financial Viability Standard.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The Directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law and registered social housing legislation requires the directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements the Directors are required to:-

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards and the Statement of Recommended Practice (SORP) for Registered Social Housing Providers 2022 have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statement on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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:

Mrs J A Smith - Director

30 September 2026

TURNOVER

3,081,463

3,073,833

Cost of sales

2,946,047

2,482,395

GROSS SURPLUS

135,416

591,438

Administrative expenses

671,859

528,612

(536,443

)

62,826

Other operating income

333,225

232,610

OPERATING (DEFICIT)/SURPLUS

4

(203,218

)

295,436

Interest receivable and similar income

16,968

17,109

(186,250

)

312,545

Interest payable and similar expenses

18,128

18,949

(DEFICIT)/SURPLUS BEFORE TAXATION

(204,378

)

293,596

Tax on (deficit)/surplus

5

5,650

75,972

(DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR

(210,028

)

217,624

FIXED ASSETS

Tangible assets

6

650,635

650,300

CURRENT ASSETS

Debtors

7

270,075

375,844

Cash at bank and in hand

1,418,541

1,510,174

1,688,616

1,886,018

CREDITORS

Amounts falling due within one year

8

366,786

365,881

NET CURRENT ASSETS

1,321,830

1,520,137

TOTAL ASSETS LESS CURRENT LIABILITIES

1,972,465

2,170,437

CREDITORS

Amounts falling due after more than one year

9

(702,830

)

(696,424

)

PROVISIONS FOR LIABILITIES

12

(10,907

)

(5,257

)

NET ASSETS

1,258,728

1,468,756

RESERVES

Income and expenditure account

1,258,728

1,468,756

1,258,728

1,468,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 30 September 2026 and were signed on its behalf by:

Mr M A Smith - Director

Mrs A J Swallow - Director

Retained

Total

earnings

equity

£

£

Balance at 1 April 2024

1,251,132

1,251,132

Changes in equity

Total comprehensive income

217,624

217,624

Balance at 31 March 2025

1,468,756

1,468,756

Changes in equity

Total comprehensive income

(210,028

)

(210,028

)

Balance at 31 March 2026

1,258,728

1,258,728

Cash flows from operating activities

Cash generated from operations

1

26,003

218,961

Interest paid

(18,128

)

18,949

Tax paid

(75,770

)

78,043

Net cash from operating activities

(67,895

)

315,953

Cash flows from investing activities

Purchase of tangible fixed assets

(20,366

)

(6,444

)

Interest received

16,968

17,109

Net cash from investing activities

(3,398

)

10,665

Cash flows from financing activities

Loan repayments in year

(20,340

)

(18,322

)

Net cash from financing activities

(20,340

)

(18,322

)

(Decrease)/increase in cash and cash equivalents

(91,633

)

308,296

Cash and cash equivalents at beginning of year

2

1,510,174

1,201,878

Cash and cash equivalents at end of year

2

1,418,541

1,510,174

1.	RECONCILIATION OF (DEFICIT)/SURPLUS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2026

2025

£

£

(Deficit)/surplus before taxation

(204,378

)

293,596

Depreciation charges

28,612

20,998

Finance costs

18,128

18,949

Finance income

(16,968

)

(17,109

)

(174,606

)

316,434

Decrease/(increase) in trade and other debtors

105,769

(142,884

)

Increase in trade and other creditors

94,840

45,411

Cash generated from operations

26,003

218,961

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 March 2026

31/3/26

1/4/25

£

£

Cash and cash equivalents

1,418,541

1,510,174

Year ended 31 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

1,510,174

1,201,878

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/25

Cash flow

At 31/3/26

£

£

£

Net cash

Cash at bank and in hand

1,510,174

(91,633

)

1,418,541

1,510,174

(91,633

)

1,418,541

Debt

Debts falling due within 1 year

(18,322

)

(3,248

)

(21,570

)

Debts falling due after 1 year

(315,972

)

23,588

(292,384

)

(334,294

)

20,340

(313,954

)

Total

1,175,880

(71,293

)

1,104,587

1.	STATUTORY INFORMATION

IKE Supported Housing 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 registered with the Regulator of Social Housing as a social housing provider. Its registration number is 4722. It is a public benefit entity.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (FRS102), the Statement of Recommended Practice for Social Housing Providers 2018, and with the Accounting Direction for private registered providers of social housing in England 2022.

The financial statements have been prepared under the historic cost convention.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements.Consequently the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises rental income receivable in the year, other services included at the invoiced value of goods and services supplied in the year. Rental income is recognised as the gross of rentals offered, and voids are deducted as an expense. As the Company is registered for VAT, such income is stated net of VAT where applicable.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets

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

Land and buildings

-

2% on cost and Over period of lease

Plant and machinery etc

-

25% on cost and Over period of lease

Tangible fixed assets are initially included at cost and are subsequently measured at cost net of depreciation and any impairment losses.

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.

Deferred income in respect of voids and future sinking fund expenditure

With effect from 1 April 2019 amounts collected each week through rents in respect of potential voids and bad debts lost income and future sinking fund expenditure are set aside as deferred income (due for release in more than one year) until such costs are incurred in future.

3.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

427,382

327,147

Social security costs

42,412

31,417

Other pension costs

26,054

24,732

495,848

383,296

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

2026

2025

Directors

3

3

Non-executive directors

4

4

Staff

5

4

12

11

2026

2025

£

£

Directors' remuneration

201,688

199,599

Directors' pension contributions to money purchase schemes

23,464

23,464

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

3

3

Information regarding the highest paid director for the year ended 31 March 2026 is as follows:

2026

£

Emoluments etc

78,873

Pension contributions to money purchase schemes

11,081

Directors' Remuneration (above) constitutes amounts paid to key management personnel.

The amounts paid to non-executive board members totalled £11,733 (2025 £12,100).

4.	OPERATING (DEFICIT)/SURPLUS

The operating deficit (2025 - operating surplus) is stated after charging:

2026

2025

£

£

Depreciation - owned assets

29,201

20,999

PARTICULARS OF INCOME AND EXPENDITURE FROM SOCIAL HOUSING LETTINGS

2026

2025

£

£

Rent Receivable

3,205,241

3,243,993

Net voids suffered

(123,778

)

(170,160

)

Turnover from social housing lettings

3,081,463

3,073,833

Lease Rents payable

1,877,327

1,752,146

Maintenance and other property costs

586,497

419,510

Depreciation

28,612

20,998

Insurance

45,237

44,325

Wages and Salaries

495,848

383,296

Legal and Professional Fees

21,724

9,620

Other Costs

124,339

114,369

Net transfers to voids and sinking funds

135,662

68,841

Operating costs on social housing lettings

3,315,246

2,813,105

Operating (deficit)/surplus on social housing lettings

(233,783

)

260,728

Void Losses

331,114

336,595

Accommodation in Management

The number of units in management for supported housing accommodation was 161 (being 153 active units and 8 vacant units at Abbeydale) (2025 160) [all supported housing].

5.

TAXATION

Analysis of the tax charge

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

2026

2025

£

£

Current tax:

UK corporation tax

-

75,770

Deferred tax

5,650

202

Tax on (deficit)/surplus

5,650

75,972

6.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Long

to

property

leasehold

property

£

£

£

COST

At 1 April 2025

594,180

112,079

6,510

Additions

-

-

15,029

Disposals

-

-

(4,050

)

At 31 March 2026

594,180

112,079

17,489

DEPRECIATION

At 1 April 2025

36,759

46,875

4,358

Charge for year

11,883

3,735

750

Eliminated on disposal

-

-

(4,050

)

At 31 March 2026

48,642

50,610

1,058

NET BOOK VALUE

At 31 March 2026

545,538

61,469

16,431

At 31 March 2025

557,421

65,204

2,152

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2025

19,275

111,735

843,779

Additions

-

13,895

28,924

Disposals

-

(69,992

)

(74,042

)

At 31 March 2026

19,275

55,638

798,661

DEPRECIATION

At 1 April 2025

19,275

86,212

193,479

Charge for year

-

12,833

29,201

Eliminated on disposal

-

(70,604

)

(74,654

)

At 31 March 2026

19,275

28,441

148,026

NET BOOK VALUE

At 31 March 2026

-

27,197

650,635

At 31 March 2025

-

25,523

650,300

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

202,596

304,514

Other debtors

67,479

71,330

270,075

375,844