ST ARTHUR TOPCO LIMITED

Company Registration Number:
12470151 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

ST ARTHUR TOPCO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ST ARTHUR TOPCO LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The company is a holding company with only administrative fees arising and no income being generated yet from the investments.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Richard Hunt
Nick Bull
Constantine Ghioules


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 June 2025

And signed on behalf of the board by:
Name: Richard Hunt
Status: Director

ST ARTHUR TOPCO LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 16,383,397 17,654,567
Cost of sales: ( 11,584,961 ) ( 12,508,020 )
Gross profit(or loss): 4,798,436 5,146,547
Distribution costs: ( 8,930,253 ) ( 3,127,376 )
Administrative expenses: ( 2,802,626 ) ( 2,761,320 )
Operating profit(or loss): (6,934,443) (742,149)
Interest receivable and similar income: 5,434 3,711
Interest payable and similar charges: ( 2,869,955 ) ( 1,737,514 )
Profit(or loss) before tax: (9,798,964) (2,475,952)
Profit(or loss) for the financial year: (9,798,964) (2,475,952)

ST ARTHUR TOPCO LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 104,612 104,612
Tangible assets: 4 42,522,974 41,763,817
Total fixed assets: 42,627,586 41,868,429
Current assets
Stocks: 5 11,475,552 14,020,399
Debtors: 6 474,302 394,762
Cash at bank and in hand: 1,770,096 641,087
Total current assets: 13,719,950 15,056,248
Creditors: amounts falling due within one year: 7 ( 42,598,993 ) ( 2,444,879 )
Net current assets (liabilities): (28,879,043) 12,611,369
Total assets less current liabilities: 13,748,543 54,479,798
Creditors: amounts falling due after more than one year: 8 ( 20,415,837 ) ( 51,348,128 )
Total net assets (liabilities): (6,667,294) 3,131,670
Capital and reserves
Called up share capital: 4,124 4,124
Share premium account: 408,196 408,196
Profit and loss account: (7,079,614 ) 2,719,350
Total Shareholders' funds: ( 6,667,294 ) 3,131,670

The notes form part of these financial statements

ST ARTHUR TOPCO LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 June 2025
and signed on behalf of the board by:

Name: Richard Hunt
Status: Director

The notes form part of these financial statements

ST ARTHUR TOPCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Income is measured at the fair value of the consideration received or receivable. The group generates the following income streams: Rental income receivable (after deducting lost rent from void properties). First tranche sales of Low Cost Home Ownership housing properties. Grant funding receivable from Homes England on qualifying housing properties. Rental income is recognised from the point the property is available for letting as receivable, income from first tranche sales is recognised at the point of legal completion of the sale. Revenue grants are recognised within income in the same period as the related expenditure, provided that the conditions for its receipt have been satisfied and there is reasonable assurance that the grant will be received.

    Valuation information and policy

    Under shared ownership arrangements, the group disposes of a long lease on home ownership housing units for a share ranging between 10% and 75% of the value. The buyer has the right to purchase further proportions based on the marketvaluation of the property at the time each purchase transaction is completed. Shared ownership properties in development are split proportionately between current and fixed assets based on the element relating to expected first tranche sales. The first tranche proportion is classified as current asset and subsequent related sales proceeds included in turnover. The remaining element is classified as tangible fixed assets and included within completed housing property at fair value. Sales of subsequent tranches (staircasing) are treated as a part disposal of tangible fixed assets.

ST ARTHUR TOPCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 18

ST ARTHUR TOPCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2024 104,612 104,612
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 104,612 104,612
Amortisation
At 1 January 2024 0 0
Charge for year
On disposals
Other adjustments
At 31 December 2024 0 0
Net book value
At 31 December 2024 104,612 104,612
At 31 December 2023 104,612 104,612

ST ARTHUR TOPCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 41,700,750 63,067 41,763,817
Additions 21,624,920 1,135 21,626,055
Disposals ( 11,509,626 ) ( 17,793 ) ( 11,527,419 )
Revaluations 9,339,479 9,339,479
Transfers
At 31 December 2024 42,476,565 46,409 42,522,974
Depreciation
At 1 January 2024 0 0 0
Charge for year
On disposals
Other adjustments
At 31 December 2024 0 0 0
Net book value
At 31 December 2024 42,476,565 46,409 42,522,974
At 31 December 2023 41,700,750 63,067 41,763,817

ST ARTHUR TOPCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Stocks

2024 2023
£ £
Stocks 11,475,552 14,020,399
Total 11,475,552 14,020,399

ST ARTHUR TOPCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Debtors

2024 2023
£ £
Prepayments and accrued income 150,000
Other debtors 324,302 394,762
Total 474,302 394,762

ST ARTHUR TOPCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 40,936,977 1,505,009
Trade creditors 1,118,091 597,224
Taxation and social security 88,904 98,203
Accruals and deferred income 5,346 155
Other creditors 449,675 244,288
Total 42,598,993 2,444,879

ST ARTHUR TOPCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 20,415,837 51,348,128
Total 20,415,837 51,348,128