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2025-03-31-accounts

FOREST HILL

(SHELTERED) HOUSING LIMITED

DIRECTORS’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

FOREST HILL (SHELTERED) HOUSING LIMITED CONTENTS

Company information 1
Directors’ report 2-3
Reporting accountant’s report 4
Statement of comprehensive income 5
Balance sheet 6-7
Statement of change in reserves 8
Statement of cash flows 9
Notes to the cash flow statement 10
Notes to the financial statements 11-17
The following pages do not form part of the statutory accounts
Detailed income and expenditure account 18-20

Page 1

FOREST HILL (SHELTERED) HOUSING LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 31ST MARCH 2025

Directors
Mrs S M Clarke
Mrs M Bradbury
Mrs C Naylor
Mrs M J Pullan
Mrs V Saunder
Mrs J Brindley
Mrs M Middlemass
Secretary Mrs F L Thornton
Company number 00547893 (England & Wales)
Charity Commission
Registered number 223653
Homes and Communities
Agency Registered number LH 1020
Registered Office Forest Hill
11 Park Crescent
Leeds
LS8 1DH
Reporting Accountant Thomas Coombs Limited
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
LS15 8ZB

Page 2

FOREST HILL (SHELTERED) HOUSING LIMITED DIRECTORS REPORT FOR THE YEAR ENDED 31ST MARCH 2025

The directors present their report and the financial statements for the year ended 31[st] March 2025.

PRINCIPAL ACTIVITY

The company’s principal activity continues to be a non-profit making charity, providing accommodation for elderly people.

PUBLIC BENEFIT

In setting and reviewing our aims the Board has given careful consideration to the Charity Commission’s guidance on public benefit.

DIRECTORS

The directors who served during the year were:-

Mrs S M Clarke Mrs M Bradbury Mrs G Roche (resigned 4[th] November 2024) Mrs C Naylor Mrs J Spencer (resigned 4[th] November 2024) Mrs M J Pullan Mrs S Shippey (resigned 5[th] December 2024) Mrs V Saunders

Mrs J Brindley and Mrs M Middlemass were appointed on 4[th] November 2024

Page 3

FOREST HILL (SHELTERED) HOUSING LIMITED DIRECTORS REPORT FOR THE YEAR ENDED 31ST MARCH 2025 (continued)

SMALL COMPANY RULES

These accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

This report was approved by the board on 24[th] July 2025 and signed on its behalf by:

MRS S M CLARKE

Company number 00547893 (England & Wales)

Page 4

FOREST HILL (SHELTERED) HOUSING LIMITED

ACCOUNTANTS’ REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS OF FOREST HILL (SHELTERED) HOUSING LIMITED

We report on the accounts of Forest Hill (Sheltered) Housing Limited for the year ended 31[st] March 2025 which are set out on pages 5 to 17.

Respective responsibilities of the Board of Directors and Reporting Accountants

The Board of the Forest Hill (Sheltered) Housing Limited is responsible for the preparation of the accounts, and they consider that the Forest Hill (Sheltered) Housing Limited is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.

Basis of opinion

Our procedures consisted of comparing the accounts with the accounting records kept by the Forest Hill (Sheltered) Housing Limited, as Registered Social Housing Provider, and making such enquiries of the officers of the Forest Hill (Sheltered) Housing Limited as we considered necessary for the purposes of this report. These procedures provide the only assurance expressed in our opinion.

Opinion

In our opinion:

Thomas Coombs Limited - Chartered Accountants Reporting Accountants 3365 The Pentagon Century Way Thorpe Park Leeds LS15 8ZB

24[th] July 2025

Page 5

FOREST HILL (SHELTERED) HOUSING LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31ST MARCH 2025

Notes 2025 2024
£ £
Turnover 256,411 244,230
Less: Operating costs (379,132) (408,342)
___ _____
Operating (deficit) 2 (122,721) (164,112)
Net Interest receivable and other income 4 492 9,818
___ _____
(Deficit) on ordinary activities before taxation 5 (122,229) (154,294)
Tax on (deficit)/ on ordinary activities 6 - -
Unrealised
and
realised		 gains/(losses) on 8 244 21,441
investments ___ _____
(121,985) (132,853)
Revenue reserve brought forward 447,141 579,994
___ _____
Revenue reserve carried forward 325,156 447,141

The above results relate wholly to continuing activities.

The notes on pages 11 to 17 form part of these financial statements.

Page 6

FOREST HILL (SHELTERED) HOUSING LIMITED BALANCE SHEET AS AT 31[ST] MARCH 2025

2025
Notes
£
TANGIBLE FIXED ASSETS
Housing properties
889,107
Depreciation of housing properties
(344,824)
__
Other fixed assets
7
FIXED ASSET INVESTMENTS
Investments
8
CURRENT ASSETS
Stock
800
Debtors
9
9,086
Cash at bank and in hand
2,385
_
12,271
CREDITORS:
Amounts falling due within one year
10
(76,535)
_
NET CURRENT (LIABILITIES)/ASSETS
CREDITORS:
Amounts falling due after more than one year
11
TOTAL ASSETS LESS CURRENT LIABILITIES
CAPITAL AND RESERVES
Capital up share capital
12
Revenue reserves
– represented by tangible fixed assets
– represented by other assets		 2025
Notes
£
TANGIBLE FIXED ASSETS
Housing properties
889,107
Depreciation of housing properties
(344,824)
__
Other fixed assets
7
FIXED ASSET INVESTMENTS
Investments
8
CURRENT ASSETS
Stock
800
Debtors
9
9,086
Cash at bank and in hand
2,385
_
12,271
CREDITORS:
Amounts falling due within one year
10
(76,535)
_
NET CURRENT (LIABILITIES)/ASSETS
CREDITORS:
Amounts falling due after more than one year
11
TOTAL ASSETS LESS CURRENT LIABILITIES
CAPITAL AND RESERVES
Capital up share capital
12
Revenue reserves
– represented by tangible fixed assets
– represented by other assets		 2024
£
£
575,808
(312,600)
_
544,283
3,473
__
547,756
-
__
547,756
800_
8,524
50,852
_
60,176
(10,421)
___
(64,264)
(158,263)
__
325,229
73
450,599
(125,443)
_
325,229		 2024
£
£
575,808
(312,600)
_
544,283
3,473
__
547,756
-
__
547,756
800_
8,524
50,852
_
60,176
(10,421)
___
(64,264)
(158,263)
__
325,229
73
450,599
(125,443)
_
325,229		 £
263,208
4,804
_
268,012_
226,629
_
_494,641
49,755
(97,182)
____
447,214
73
165,955
281,186
__
_447,214

Page 7

FOREST HILL (SHELTERED) HOUSING LIMITED BALANCE SHEET (Continued) AS AT 31[ST] MARCH 2025

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provision of s.477(1), of the Companies Act 2006. Members have not required the company under s.476 of the Companies Act 2006 to obtain an audit for the year ended 31[st ] March 2025.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s.386 and s.387 of the Companies Act 2006, and for preparing accounts which give a true and fair view of the state of affairs of the company as at 31[st] March 2025 and of its loss for the year ended in accordance with the requirements of s.396 and which otherwise comply with the requirements of the Act relating to the accounts so far as applicable to the company.

These financial statements were approved by the directors and authorised for issue by the Board on 24[th] July 2025

On behalf of the Board

MRS S M CLARKE Director

Company Number 00547893

The notes on pages 11 to 17 form part of these financial statements.

Page 8

FOREST HILL (SHELTERED) HOUSING LIMITED STATEMENT OF CHANGE IN RESERVES AS AT 31[ST] MARCH 2025

At 31st March 2023
Surplus/(Deficit)
for the year
Share capital
issued
Dividends
At 31st March 2024
Surplus/(Deficit)
for the year
Total
comprehensive
income
Share capital
issued
Dividends
At 31st March 2025		 Called-up
share
capital
£
73
-
73
-
-
73
-
73
-
-
73		 Income and
expenditure
reserve
£
579,994
(132,853)
447,141
-
-
447,141
(121,985)
325,156
-
-
325,156		 Designated
reserve
£
-
-
-
-
-
-
-
-
-
-
-		 Total
£
580,067
(132,853)
447,214
-
-
447,214
(121,895)
325,229
-
-
325,229

The notes on pages 11 to 17 form part of these financial statements.

Page 9

FOREST HILL (SHELTERED) HOUSING LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025

Note
Cash (outflow) from operating activities
1
Net cash (outflow) from operating activities
Cash inflow (outflow) from investing activities
Payments to acquire tangible fixed assets
Proceed from sale of tangible assets
Payments to acquire investments
Receipts from sales of investments
Interest received and other income
Dividends received
Net cash inflow (outflow) from investing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period		 2025
£
36,671
36,671
(314,079)
400
-
226,473
1674
394
(85,138)
(48,467)
50,852
2,385		 2024
£
(153,565)
(153,565)
(2,603)
-
(9,334)
140,000
484
9,334
137,881
(15,684)
66,536
50,852

The notes on pages 11 to 17 form part of these financial statements.

Page 10

FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025

1. Reconciliation of operating surplus to cash (outflow) from operating activities

Surplus/(deficit) for the year
Depreciation and impairment of tangible fixed assets
Investment income
(Gains)/Loss on investments
(Increase) / decrease in trade and other debtors
Increase / (decrease) in trade and other creditors
(Increase) / decrease in stock
Net cash (outflow) from operating activities		 31st
March
2025
£
(121,985)
34,335
(2,068)
(244)
(562)
127,195
-
36,671		 31st
March
2024
£
(132,853)
18,444
(9,818)
(21,441)
(3,220)
(4,677)
-
(153,565)

The notes on pages 11 to 17 form part of these financial statements.

Page 11

FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

1 Accounting policies

The company is incorporated under the Companies Act 2006 and is a registered Charity under the Charities Act 2011 and a registered provider of Social Housing. The company is limited by shares incorporated in England & Wales within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

(a) Accounting basis

The 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 (FRS 102), the Statement of Recommended Practice for Social Housing Providers 2014, and with the Accounting Direction for private registered providers of social housing in England 2015. The financial statements are also prepared under the requirements of the Housing and Regeneration Act 2008 and the Companies Act 2006. The financial statements are prepared in sterling and rounded to the nearest £1.

Going concern basis:

The financial statements have been prepared on a going concern basis under the historical cost convention. In making this assessment the directors have considered the financial projections of the company and associated cash flows. Factoring in the continued financial support of the parent undertaking and the cash flows of the company the directors consider the preparation of the financial statements on a going concern basis is appropriate.

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

(b) Turnover

Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover represents rental and service charges income receivable in the year, net of rent and service charges and losses from voids, together with sundry rental income and charges.

(c) Income from investments

With the exception of bank interest this is credited in the accounts as received.

(d) Fixed assets and depreciation

Tangible fixed assets, except freehold land, are stated at cost, less accumulated depreciation. Depreciation is charged on a straight line basis over the expected economic useful lives of the assets at the following annual rates:

Housing properties 2% - 5%
Property and office furniture and equipment 10% - 20%

The useful economic lives of all tangible fixed assets are reviewed annually.

(e) Housing properties

Tangible fixed assets (including social housing properties) are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended such as the cost of acquiring land and buildings, developments costs, interest charges on loans during the development period and expenditure on improvements. Expenditure on improvements will only be capitalised when it results in incremental future benefits such as increasing rental income, reducing maintenance costs or resulting in a significant extension of the useful economic life of the property.

Page 12

FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

(f) Works to existing housing properties

Works are charged to the income and expenditure account unless they result in an enhancement of the economic benefits of the property in excess of the previously assessed standard of performance. This is measured by an increase in the net rental income, including a reduction in maintenance costs or result in a significant extension of the useful economic life of the property.

(g) Social housing grant

The grant is held as deferred income within creditors and released over the estimated useful life of the assets to which it relates. SHG received for items of cost written off in the Income and Expenditure account is matched against those costs as part of turnover. SHG can be recycled by the RSL under certain conditions if a property is sold, or if another relevant event takes place. In these cases the SHG can be used for projects approved by the Homes and Communities Agency. However SHG may have to be repaid if certain conditions are not met. In certain circumstances, SHG may be repayable, and, in that event is a subordinated unsecured repayable debt.

(h) Investments

Current and fixed asset investments are included at market value. All losses and gains are taken direct to the income and expenditure account (adjusted for other recognised gains and losses) as they arise.

Realised gains and losses on investments are calculated as the difference between sales proceeds and the opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference between market value at the year end and opening market value (or purchase date if later).

(i) Value Added Tax (VAT)

Irrecoverable VAT which can be attributed to a capital item or revenue expenditure is added to the cost of the capital item or expenses where practicable and material.

(j) Pension costs

The company contributes to defined contribution pension schemes including the National Employment Savings Trust (NEST) scheme. Contributions payable to the schemes are charged to the income and expenditure account in the period to which they relate.

(k) Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made in applying the accounting policies adopted.

(l) Stocks

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

(m) Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.

Page 13

FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

2. Operating (deficit)/surplus

Operating (deficit)/surplus
2025 2024
£ £ £ £
General needs housing
Rent receivable net of identifiable service 163,225 155,266
charges
Service charge income 95,706 96,377
Other support services 12,067 11,878
(including lunches and dinners)
_ ___
Gross rent receivable 255,176 263,521
Less voids (15,822) 255,176 (21,146) 242,375
______ ___
Other rental income
Guest room 670 1,766
Yorkshire Ladies office 60 60
Wayleave 5 -
Sundry income 500 1,235 29 1,855
__ _ ____ ___
Turnover – lettings 256,411 244,230
_ ___
Operating costs – lettings
Management 77,888 70,844
Service charge costs (including food) 161,795 138,029
Routine and planned maintenance 97,125 34,322
Exceptional refurbishment/maintenance 14,975 153,463
Depreciation of freehold property 32,224 16,559
Release of social housing grant for property (4,875) (4,875)
_ ___
(379,132) (408,342)
___ _____
Operating surplus/(deficit) – lettings (122,721) (164,112)

Page 14

FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

3. Employee information

Total average weekly number of persons
employed during the year was:-
Office staff
Supervisor & household staff
Staff costs (for the above persons)
Wages and salaries
Social security costs
Pension costs		 2025
£
2
4
__
6
2025
£
82,543
-
3,691
__
86,234		 2024
£
2
4
____
6
2024
£
84,815
-
3,062
____
87,877

The key management personnel are considered to be the board of directors. No remuneration was received by the directors in either the current or previous year.

No employee earned more than £60,000 in either the current or previous year.

4. Interest receivable and similar income

2025 2024
£ £
Interest receivable 914 242
Loan interest payable (1,576) -
Donations, fund raising events and Trust income 760 250
Dividends received 394 9,326
__ ____
492 9,818

Page 15

FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

5. Surplus/(Deficit) on ordinary activities before taxation

Surplus/(Deficit) on ordinary activities before taxation is stated after charging:Depreciation of tangible owned fixed assets

2025 2024
£ £
34,335 18,444

6. Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

7. Tangible fixed assets

Cost
1stApril 2024
Additions
Disposals
31st March 2025
Depreciation
1stApril 2024
Charge for the year
Elimination on disposals
31st March 2025
Net book value
31st March 2025
31st March 2024		 Housing
Land and
Buildings
For Letting
£
575,808
313,299
-
___
889,107
___
312,600
32,224
-
__
344,824
___
544,283
263,208		 Fixtures
and
Fittings
£
120,456
780
(113,961)
_
7,275
__
115,652
2,111
(113,961)
_
3,802
__
3,473
4,804		 Total
£
696,264
314,079
(113,961)
_
896,382
___
428,252
34,335
(113,961)
_
348,626
___
547,756
268,012

The cost of the freehold land has been estimated at £500.

Page 16

FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

8. Investments: long term 2025 2024
£ £
Quoted investments:
Market value at 1stApril 2024 226,629 335,863
Additions - -
Disposals (102,843) (231,902)
Net unrealised gains (losses) - 24,726
Movement in cash at bank awaiting re-investment
(2025: £nil 2024 : £123,786) (123,786) 97,942
__ ____
Market value at 31stMarch 2025 - 226,629

The investments are held in a portfolio consisting of nil (2024: 14) individual holdings together with cash awaiting re-investment.

9. Debtors 2025 2024
£ £
Rental debtors 122 2,469
Prepayments 8,965 6,055
Other debtors - -
____ ____
9,087 8,524

There were no rent losses in the current or previous years.

Page 17

FOREST HILL (SHELTERED) HOUSING LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

10. Creditors – amounts falling due within one year
Accruals
Other operational creditors
Deferred income
Loans from parent underktaing
11. Creditors – amounts falling due after more than one year
Deferred income
Loan from parent undertaking
12. Share capital
Authorised ordinary shares of £1 each
Allotted, issued and fully paid ordinary shares of £1 each		 2025
£
33,108
15,241
5,070
23,116
__
76,535
2025
£
92,307
65,956
2025
£
100
£
73		 2025
£
33,108
15,241
5,070
23,116
__
76,535		 2025
£
33,108
15,241
5,070
23,116
__
76,535		 2024
£
4,463
1,083
4,875
-
____
10,421
2024
£
97,182
-
2024
£
100
£
73

The shares provide members with the right to vote at General Meetings but do not carry any rights to a dividend or to distribution on a winding up.

13. Ultimate parent undertaking

The company is a subsidiary of the Yorkshire Ladies Council of Education (Incorporated) a company incorporated in England, Registered charity number 529714.

14. Capital commitments

There were no capital contracts committed to, or authorised by the board, at the year end.

Page 18

FOREST HILL (SHELTERED) HOUSING LIMITED DETAILED INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025

2025 2024
£ £ £ £
Rents & services receivable
Rent 163,225 155,266
Service charges 95,706 96,377
Less: voids (15,822) (21,146)
__ ____
243,109 230,497
Guest room 671 1,766
Office 60 60
Wayleave 5 -
Lunches & dinners 12,066 11,878
Sundry income 500 29
___ _____
256,411 244,230
Employee costs
Office manager (including NIC & Pension) 39,342 37,916
Finance officer - 5,820
Residents support supervisor (including NIC & Pension) 24,679 21,971
Ancillary staff (including NIC & Pension) 27,584 27,027
Employers NIC allowance (5,371) (4,857)
Staff Training 1,665 630
DBS 117 215
Recruitment - 4,481
__ ____
88,016 93,203
__ ____

Page 19

FOREST HILL (SHELTERED) HOUSING LIMITED DETAILED INCOME & EXPENDITURE ACCOUNT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

Operating costs
Rates – void flats
Rates – warden room
Rates – communal rooms
Light & heat
Insurance
General maintenance
Planned maintenance
Void flats repairs
Alarm, entry system & lifts
Gardening
Window cleaning
Cost of food & drink
Sundry household costs
Depreciation of freehold property
Release of social housing grant
Depreciation of fixtures & fittings
Flats refurbishments
Health & safety costs
FRA
EPC
Legionella risk/works
Fire safety items
CCTV
Security		 2025
£
£
-
1,119
6,406
77,774
8,585
83,189
8,355
3,169
6,211
8,541
625
4,867
1,852
32,224
(4,875)
2,111
851
31
1,248
-
10,192
4,784
-
2,173
259,432		 2024
£
£
1,486
1,523
6,550
58,276
6,402
33,435
887
7,908
4,684
6,018
705
3,537
819
16,559
(4,875)
1,885
150
904
5,201
1,550
5,675
138,692
620
1,001
299,412

Page 20

FOREST HILL (SHELTERED) HOUSING LIMITED DETAILED INCOME & EXPENDITURE ACCOUNT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

Administration costs
Telephone
Printing, post & stationery
Advertising & website
Computer expenses
Travel & subsistence
Independent examination and accountancy
Professional fees
Investment portfolio management fees
NFHA subscription
Bad debt write off
Sundry
Profit on disposal of Fixed Assets
New office costs & rates
(Deficit)/surplus before other income
Other income and net interest
Dividend received
Bank and other interest receivable
Loan interest
Trust Income
Net (deficit) for the year (before unrealised and realised gains and
losses)		 £
4,760
2,265
-
3,278
-
4,198
9,028
92
721
2,166
949
(400)
4,627
31,684
760
914
(1,576)
394
_		 2025
£
£
2,623
2,653
951
2,724
-
3,544
1,616
-
907
-
709
-
-
15,727
(379,132)
(122,721)
9,326
242
-
250
492
__
___
(122,229)		 2024
£
(408,342)
(164,112)
9,818
____
(154,294)