HOMES FOR LIFE HOUSING PARTNERSHIP

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

AAB Audit & Accountancy Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. The company is budgeted to make a deficit for the year ended 31 March 2026 however has a healthy bank balance, a strong asset base, and has no liquidity issues. On this basis the directors are of the opinion that the company will continue to meet its obligations as they fall due for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing these financial statements.”

Group structure

1. HOMES FOR LIFE HOUSING PARTNERSHIP · parent
   1. Homes for Life Developments Limited 100% · Scotland · dormant

Significant events

• “Revised 30 year plan Exit from Lothian Pension Fund and move to defined pension contribution scheme, introduction of private health insurance for all employees and a 4 day working week and new organisational structure implemented saving circa £4.5M across the life of the plan.”
• “During 2024-25 3 new part time positions under the revised organisational structure were appointed and commenced post between June and December 2024.”
• “Thomson Gray Construction Consultants were appointed in November 2024 to carry out dilapidations surveys for all units at Old Course Gate, procure contractors and manage the refurbishment contract to bring 16 units at Old Course Gate up to HfL's lettable standard and ready for let as Mid-Market Rent homes in September 2025.”
• “HfL's dormant Subsidiary HfDL was reinstated and rebranded to HfL Plus, with revised articles in February 2025 to enable the delivery and management of MMR properties from September 2025.”
• “Following consultation with residents, a Planning Application was submitted to ELC during 2024-25 to develop 4 cottage 1 bedroom flats at Muirfield Gardens in Gullane. Pending planning approval development of these homes will commence in April; 2027.”
• “After the year end the company sold a property at 37 Meadowbank Crescent, the sale was finalised early in April 2025 with sale proceeds of £215,000. No HAG was repayable on the property.”
• “As at 31 March 2025, Hfl took vacant possession of 16 residential units. These units require dilapidation repairs and further improvement works, with estimated costs of up to £700,000, prior to being re-let to new tenants.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +4.9%

  £1,833,112 → £1,922,046

• Cash

  +47.5%

  £780,321 → £1,150,882

• Net assets

  +11%

  £5,167,958 → £5,736,749

• Employees

  +25%

  8 → 10

• Operating profit

  +888.4%

  -£74,196 → £584,961

• Profit before tax

  +849%

  -£79,949 → £598,791

• Wages

  +32.6%

  £325,657 → £431,735

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