Income & Expenditure Account for the year ended 31 March 2025 £ 2025
Balance Sheet as at 31 March 2025 2025 2024 FIXED ASSETS £ £ Housing properties - depreciated cost 117,678,045 104,579,962 Other tangible fixed assets 803,081 870,710 118,481,126 105,450,672 CURRENT ASSETS Debtors 3,034,095 6,368,278 Cash at bank and in hand 3,866,737 1,880,134 6,900,832 8,248,134 Creditors: amounts falling due within one year (12,728,269) (16,676,832) Net Current (Liabilities)/Assets (5,827,436) (8,428,420) Total Assets Less Current Liabilities 112,653,689 97,022,252 CREDITORS: amounts falling due after more than one year (102,836,871) (88,148,111) NET ASSETS 9,816,818 8,874,141
£ 2024
8,014,780
6,783,783
Turnover
(5,893,153)
(4,820,591)
Operating costs
Gain/(Loss) on disposal of housing properties
–
23,878
2,121,627
1,987,070
Operating Surplus
Interest receivable and similar income
19,070
15,177
Interest payable and similar charges
(1.153,539)
(876,307)
6,000
9,000
Other finance costs
20,000
(3,000)
Additional Pension Service Costs
Capital and Reserves Called up share capital
10
9
1,013,158
1,131,940
Surplus on ordinary activities
43
43
Capital reserve
Actuarial (loss)/gain on pension scheme
(26,000)
(88,000)
27,968
56,979
Restricted reserves Revenue reserve
9,788,797 9,816,818
8,817,110 8,874,141
Total comprehensive income for the year
987,158
1,043,940
TOTAL FUNDS
Ark Housing | Annual Report 2024–2025 17
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