FOCUS HOUSING AGENCY LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07514990 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

FOCUS HOUSING AGENCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Z D Chaudhry

Mrs W C Smit

REGISTERED OFFICE:

319B Walton Road

West Molesey

Surrey

KT8 2QG

REGISTERED NUMBER:

07514990 (England and Wales)

ACCOUNTANTS:

Accord Accountants

132 Winchester Rd

Chandler's Ford

Eastleigh

SO53 2DS

FIXED ASSETS

Investment property

4

2,379,995

1,520,000

CURRENT ASSETS

Cash in hand

132

156

CREDITORS

Amounts falling due within one year

5

32,288

22,249

NET CURRENT LIABILITIES

(32,156

)

(22,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,347,839

1,497,907

CREDITORS

Amounts falling due after more than one year

6

(1,861,237

)

(1,468,978

)

PROVISIONS FOR LIABILITIES

(80,560

)

-

NET ASSETS

406,042

28,929

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

405,942

28,829

SHAREHOLDERS' FUNDS

406,042

28,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 December 2018 and were signed on its behalf by:

Mr Z D Chaudhry - Director

1.	STATUTORY INFORMATION

FOCUS HOUSING AGENCY 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

1,520,000

Additions

435,995

Revaluations

424,000

At 31 March 2018

2,379,995

NET BOOK VALUE

At 31 March 2018

2,379,995

At 31 March 2017

1,520,000

Fair value at 31 March 2018 is represented by:

£

Valuation in 2017

1,520,000

Valuation in 2018

424,000

Cost

435,995

2,379,995

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

25,937

15,625

Taxation and social security

6,351

6,624

32,288

22,249

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans

1,297,834

924,016

Amounts owed to participating interests

563,403

544,962

1,861,237

1,468,978

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,297,834

924,016