12.1 Housing properties - Group 12. Tangible fixed assets
Properties under construction £’000
Shared ownership schemes £’000
Total housing properties £’000
Retirement housing £’000
Residential care homes £’000
Cost At 1 April 2023
1,923,378
708,111
63,233
16,538 2,711,260
Additions: Works to existing properties
35,712
8,030 46,910
– –
1,749
45,491 46,910 77,235
Properties acquired
–
– – – –
Investments in new developments
2,770 40,678 (2,266)
– –
74,465 (40,678)
Transfers Disposals
–
(3,348)
–
(5,614)
At 31 March 2024
2,000,272
759,703
97,020
18,287 2,875,282
Depreciation At 1 April 2023
1,082,444
236,920 16,878
– – – – –
4,286 1,323,650
Depreciation charged in the year Impairment charge in the year
47,773
529
65,180
–
–
– –
-
Released on disposal At 31 March 2024
(2,723)
(880)
(3,603)
1,127,494
252,918 506,785
4,815 1,385,227 13,472 1,490,055
Net book value at 31 March 2024 Net book value at 31 March 2023
872,778 840,934
97,020 63,233
471,191 12,252 1,387,610 Properties acquired consist of two newly built care homes acquired during the year. One was acquired with the acquisition of Hadrian Healthcare (Skipton) Limited as described in note 35, the second was acquired on a freehold turnkey basis.
88 Anchor Hanover Group Annual Report & Financial Statements 2024
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