CONCEPT HOUSING ASSOCIATION CIC

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

1. CONCEPT HOUSING ASSOCIATION CIC 2019-06-11 → present
2. PROFFITTS - INVESTING IN COMMUNITIES COMMUNITY INTEREST COMPANY 2008-08-27 → 2019-06-11

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

Standalone (parent only)

Auditor

Crowe U.K LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Board has considered the general and persistent economic pressures facing the UK economy after a sequence of severe shocks over the last few years, increased costs associated with attaining regulatory compliance and the general risks currently facing the association's operations and has concluded that there is a reasonable expectation that the association has adequate resources to continue in operational existence for the foreseeable future. No other significant concerns have been noted in the business plan. Therefore, the association's financial statements have been prepared on a going concern basis, which assumes an ability to continue operating for the foreseeable future.”

Significant events

• “In September 2023 CHA's Board approved a change in accounting reference date, shortening it so as to end on 31 March 2024, a 7-month financial period.”
• “As a result, an onerous contracts provision of £1.57M has been recognised and adjusted for in the reporting period.”
• “An internal forensic review of all material accruals and provisions was conducted, which identified errors... resulting in a net prior year adjustment of £1.44M, impacting the opening position for the period ending 31st March 2024. Consequently, the 2023 Statement of Comprehensive Income, Balance Sheet, and related notes have been restated.”
• “Following a period of review by the Regulator of Social Housing (RSH), disappointingly CHA received formal notice of non-compliance with elements of the Governance and Financial Viability Standard on the 23 July 2021.”
• “In November 2023 CHA's Board approved in principle progressing conversion from its current form to a charitable Community Benefit Society (CBS).”

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.