YOUR HOMES NEWCASTLE LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

• ⚠

  Material uncertainty over going concern

  The directors have prepared the financial statements on a non-going concern basis which assumes that the Group will no longer operate for the foreseeable future. On 17th June 2024, Leazes Homes Limited left Your Homes Newcastle Group and became a subsidiary of Karbon Homes Limited. All remaining housing services delivered by Your Homes Newcastle transferring back to Newcastle City Council on the 1st July 2024.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Beever and Struthers

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have prepared the financial statements on a non-going concern basis which assumes that the Group will no longer operate for the foreseeable future. On 17th June 2024, Leazes Homes Limited left Your Homes Newcastle Group and became a subsidiary of Karbon Homes Limited. All remaining housing services delivered by Your Homes Newcastle transferring back to Newcastle City Council on the 1st July 2024.”

Group structure

1. YOUR HOMES NEWCASTLE LIMITED · parent
   1. Abri Trading Limited · rental and sale of home furnishings to social landlords and the manufacture of beds and the trading aspects of the Ostara Service a community care alarm service
   2. Leazes Homes Limited · provision of high quality, affordable accommodation and related services to people in need who reside in the City of Newcastle upon Tyne

Significant events

• “In November 2023 Newcastle City Council confirmed that the council will take over responsibility for all housing services. As part of the decision-making process the cabinet considered the views of tenants, leaseholders and local residents who responded to a consultation on the proposals. Work on the housing transfer, which will include a TUPE (Transfer of Undertakings Protection of Employment Regulations) transfer of all YHN staff who deliver services on behalf of the council, was completed on 1 July 2024.”
• “Leazes Homes embarked on a project to identify a new housing partner, exiting the YHN Group and transferred to Karbon Homes on 17 June 2024.”
• “On 26 February 2024, the Directors approved a tripartite termination agreement, between the Company, Abri Trading limited and Newcastle City Council. It confirmed that: The original Management Agreement between NCC and YHN for housing services would terminate on 30 June 2024 (the termination date) Abri will continue to trade beyond the termination date Both YHN and Abri Trading Directors will resign on the termination date The Directors are indemnified against future liabilities arising from decisions made prior to the termination date”
• “In November 2023, Newcastle City Council Cabinet agreed that the activities of their arms length management organisation (ALMO), Your Homes Newcastle (YHN), would transfer back to the City Council from 1 July 2024. Leazes Homes decide to leave the YHN Group on 17 June 2024 and is now under the control of Karbon Homes. All other YHN Group activity, assets, liabilities and employees transferred to Newcastle City Council on 01 July 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.5%

  £44,218,000 → £44,860,000

• Cash

  -46.7%

  £16,392,000 → £8,738,000

• Net assets

  -38.8%

  £57,372,000 → £35,087,000

• Employees

  -1.9%

  694 → 681

• Operating profit

  +59.9%

  -£5,249,000 → -£2,107,000

• Profit before tax

  +73.3%

  -£7,940,000 → -£2,117,000

• Wages

  +4.8%

  £21,846,000 → £22,900,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers