Company Registration No. 12006020 (England and Wales)
2nd City Housing Ltd
Unaudited accounts
for the year ended 31 May 2022
2nd City Housing Ltd
Unaudited accounts
Contents
2nd City Housing Ltd
Company Information
for the year ended 31 May 2022
Directors
Aftab Muhammed
Dr. Ismail Patel
Company Number
12006020 (England and Wales)
Registered Office
Fairgate House 205 Kings Road
Tyseley
Birmingham
B11 2AA
United Kingdom
Accountants
AP Accountants LTD
Avon House
435 Stratford Road
Shirley
United Kingdom
B90 4AA
2nd City Housing Ltd
Statement of financial position
as at
31 May 2022
Tangible assets
721,106
689,166
Cash at bank and in hand
4,573
17,665
Creditors: amounts falling due within one year
(246,874)
(261,705)
Net current liabilities
(242,301)
(244,040)
Total assets less current liabilities
478,805
445,126
Creditors: amounts falling due after more than one year
(479,328)
(481,373)
Net liabilities
(523)
(36,247)
Called up share capital
100
100
Profit and loss account
(623)
(36,347)
Shareholders' funds
(523)
(36,247)
For the year ending 31 May 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2023 and were signed on its behalf by
Aftab Muhammed
Director
Company Registration No. 12006020
2nd City Housing Ltd
Notes to the Accounts
for the year ended 31 May 2022
2nd City Housing Ltd is a private company, limited by shares, registered in England and Wales, registration number 12006020. The registered office is Fairgate House 205 Kings Road, Tyseley, Birmingham, B11 2AA , United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2021
688,926
300
689,226
Additions
32,000
-
32,000
At 31 May 2022
720,926
300
721,226
Charge for the year
-
60
60
At 31 May 2022
720,926
180
721,106
At 31 May 2021
688,926
240
689,166
2nd City Housing Ltd
Notes to the Accounts
for the year ended 31 May 2022
5
Creditors: amounts falling due within one year
2022
2021
Loans from directors
153,829
237,644
6
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
479,328
481,373
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).