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REGISTERED NUMBER: 09823221 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Akhomes Ltd

Akhomes Ltd (Registered number: 09823221)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Akhomes Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr Shahzad Ahmed





REGISTERED OFFICE: 25 Yarm Road
Stockton-on-Tees
TS18 3NJ





REGISTERED NUMBER: 09823221 (England and Wales)





ACCOUNTANTS: Flannagans - Hartlepool Office
Chartered Certified Accountants
7 Bankside
The Watermark
Gateshead
Tyne and Wear
NE11 9SY

Akhomes Ltd (Registered number: 09823221)

Abridged Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,007,162 2,657,147

CURRENT ASSETS
Debtors 5 45,300 8,454
Cash at bank and in hand 38,456 80,850
83,756 89,304
CREDITORS
Amounts falling due within one year 53,874 135,777
NET CURRENT ASSETS/(LIABILITIES) 29,882 (46,473 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,037,044

2,610,674

CREDITORS
Amounts falling due after more than one year 6 1,596,872 1,330,831
NET ASSETS 1,440,172 1,279,843

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 7 1,240,552 1,061,021
Retained earnings 199,619 218,821
1,440,172 1,279,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Akhomes Ltd (Registered number: 09823221)

Abridged Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 July 2025 and were signed by:





Mr Shahzad Ahmed - Director


Akhomes Ltd (Registered number: 09823221)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Akhomes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Akhomes Ltd (Registered number: 09823221)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 November 2023 2,697,686
Additions 341,256
Disposals (126,759 )
Revaluations 179,531
At 31 October 2024 3,091,714
DEPRECIATION
At 1 November 2023 40,539
Charge for year 44,013
At 31 October 2024 84,552
NET BOOK VALUE
At 31 October 2024 3,007,162
At 31 October 2023 2,657,147

Cost or valuation at 31 October 2024 is represented by:

Totals
£   
Valuation in 2023 1,061,021
Valuation in 2024 179,531
Cost 1,851,162
3,091,714

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors 11,000 6,954

Akhomes Ltd (Registered number: 09823221)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Kent Reliance 71001249 114,212 116,179
Lloyds Bank 71005430 82,103 82,103
196,315 198,282

Repayable by instalments
Asset Link Capital 2541461 - 1,186
Lloyds Bank 00282406 5,790 10,070
Lloyds Bank 00287718 - 23,992
United Trust Bank 10196859 523,569 504,477
Bank loans 298,569 -
827,928 539,725

7. RESERVES
Revaluation
reserve
£   
At 1 November 2023 1,061,021
Property revaluation 179,531

At 31 October 2024 1,240,552