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Martlet Homes Limited - Hyde Housing Association

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MARTLET HOMES LIMITED<br />

NOTES TO THE ACCOUNTS<br />

YEAR ENDED 31 MARCH 2010<br />

4. HOUSING UNITS<br />

Genera<br />

l needs<br />

Supporte<br />

d<br />

housing<br />

Shared<br />

ownershi<br />

p<br />

Marke<br />

t Rent<br />

Lease<br />

-<br />

holder<br />

s<br />

Other<br />

Market<br />

Activitie<br />

s<br />

Total<br />

<strong>Housing</strong><br />

accommodation<br />

Units in ownership<br />

2010 4,842 478 142 40 350 14 5,866<br />

Units in ownership<br />

2009 4,778 468 88 16 351 11 5,712<br />

5. OPERATING SURPLUS<br />

2010 2009<br />

£’000 £’000<br />

Operating surplus is stated after charging/(crediting):<br />

Depreciation:<br />

Other fixed assets 146 278<br />

<strong>Housing</strong> properties 779 1,022<br />

Impairment 370 -<br />

Operating lease charges 755 470<br />

Auditor’s remuneration (including VAT and expenses):<br />

As auditors of the financial statements 22 19<br />

Impairment charges have arisen as a result in falling values of housing properties under<br />

construction and stock held for sale.<br />

25

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