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Company No: 04700913 (England and Wales)

H & H PRESTIGE HOMES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

H & H PRESTIGE HOMES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

H & H PRESTIGE HOMES LIMITED

BALANCE SHEET

As at 31 March 2025
H & H PRESTIGE HOMES LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 33,584 36,986
Investment property 4 2,160,000 2,160,000
2,193,584 2,196,986
Current assets
Stocks 5 789,772 716,782
Debtors 6 3,558 3,019
Cash at bank and in hand 98,430 224,644
891,760 944,445
Creditors: amounts falling due within one year 7 ( 16,146) ( 99,404)
Net current assets 875,614 845,041
Total assets less current liabilities 3,069,198 3,042,027
Provision for liabilities ( 243,000) ( 244,000)
Net assets 2,826,198 2,798,027
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 2,826,098 2,797,927
Total shareholders' funds 2,826,198 2,798,027

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of H & H Prestige Homes Limited (registered number: 04700913) were approved and authorised for issue by the Board of Directors on 28 July 2025. They were signed on its behalf by:

Mr N Headon
Director
H & H PRESTIGE HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
H & H PRESTIGE HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

H & H Prestige Homes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Springfield House, Back Lane, Newton Poppleford, EX10 0BX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for goods and services provided. Turnover is recognised on completion.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 15 % reducing balance
Vehicles 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 April 2024 19,408 71,453 27,582 118,443
Additions 0 3,583 2,554 6,137
Disposals 0 ( 687) ( 1,200) ( 1,887)
At 31 March 2025 19,408 74,349 28,936 122,693
Accumulated depreciation
At 01 April 2024 17,469 36,406 27,582 81,457
Charge for the financial year 1,939 5,591 346 7,876
Disposals 0 ( 104) ( 120) ( 224)
At 31 March 2025 19,408 41,893 27,808 89,109
Net book value
At 31 March 2025 0 32,456 1,128 33,584
At 31 March 2024 1,939 35,047 0 36,986

4. Investment property

Investment property
£
Valuation
As at 01 April 2024 2,160,000
As at 31 March 2025 2,160,000

The investment property valuation as at 31 March 2025 was reviewed by the directors of the Company, an independent valuation has not been undertaken.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2025 2024
£ £
Historic cost 1,203,367 1,203,367

5. Stocks

2025 2024
£ £
Work in progress 789,772 716,782

6. Debtors

2025 2024
£ £
Amounts owed by directors 27 0
Prepayments 2,206 936
VAT recoverable 1,325 2,083
3,558 3,019

7. Creditors: amounts falling due within one year

2025 2024
£ £
Amounts owed to directors 0 124
Accruals 2,500 2,500
CIS withheld 501 475
Taxation and social security 13,145 96,305
16,146 99,404

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

Included in the profit and loss account are non-distributable reserves of £769,103 (2024: £769,103 )