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REGISTERED NUMBER: 03529981 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BULLFINCH HOMES LIMITED

BULLFINCH HOMES LIMITED (REGISTERED NUMBER: 03529981)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BULLFINCH HOMES LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2025







DIRECTORS: M A Barnes
Mrs C Barnes





REGISTERED OFFICE: Cootes Lodge
Thornford Road
Crookham Common
Newbury
Berkshire
RG19 8EL





REGISTERED NUMBER: 03529981 (England and Wales)





ACCOUNTANTS: Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ

BULLFINCH HOMES LIMITED (REGISTERED NUMBER: 03529981)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 5,043
Investment property 5 5,415,000 4,985,000
5,415,000 4,990,043

CURRENT ASSETS
Stocks 1,122,545 1,331,917
Debtors 6 20,160 22,355
Cash at bank 22,702 17,891
1,165,407 1,372,163
CREDITORS
Amounts falling due within one year 7 78,130 64,333
NET CURRENT ASSETS 1,087,277 1,307,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,502,277

6,297,873

CREDITORS
Amounts falling due after more than
one year

8

(2,228,791

)

(2,464,005

)

PROVISIONS FOR LIABILITIES (835,499 ) (553,593 )
NET ASSETS 3,437,987 3,280,275

CAPITAL AND RESERVES
Called up share capital 10 21 21
Revaluation reserve 11 2,889,765 2,742,266
Retained earnings 548,201 537,988
SHAREHOLDERS' FUNDS 3,437,987 3,280,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BULLFINCH HOMES LIMITED (REGISTERED NUMBER: 03529981)

BALANCE SHEET - continued
31 March 2025


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





M A Barnes - Director


BULLFINCH HOMES LIMITED (REGISTERED NUMBER: 03529981)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Bullfinch Homes Limited is a private company, limited by shares, registered in England & Wales. The company's registered number is 03529981 and registered office address is Cootes Lodge, Thornford Road, Crookham Common, Newbury, Berkshire RG19 8EL.

The presentation currency of the financial statements is the GB Pound (£).

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 2 (2024 - 2 ) .

BULLFINCH HOMES LIMITED (REGISTERED NUMBER: 03529981)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2024 51,849
Disposals (39,750 )
At 31 March 2025 12,099
DEPRECIATION
At 1 April 2024 46,806
Charge for year 1,950
Eliminated on disposal (36,657 )
At 31 March 2025 12,099
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 5,043

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 4,985,000
Revaluations 430,000
At 31 March 2025 5,415,000
NET BOOK VALUE
At 31 March 2025 5,415,000
At 31 March 2024 4,985,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2019 3,296,439
Valuation in 2025 430,000
Cost 1,688,561
5,415,000

The investment property fair value at 31 March 2025 has been arrived at on the basis of a valuation of each property carried out on that date by the directors who are not professionally qualified. The valuations were arrived at by reference to market transactions for similar properties in its location and takes into account the depressed state of the rental market in the area where the property is situated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 1,000
Other debtors 5,000 650
VAT 1,097 4,636
Prepayments 14,063 16,069
20,160 22,355

BULLFINCH HOMES LIMITED (REGISTERED NUMBER: 03529981)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 33,000 33,000
Trade creditors - 1,083
Tax 13,382 682
Social security and other taxes (2,368 ) (2,336 )
Other creditors 30,112 27,067
Intercompany creditor 445 445
Directors' current accounts 559 1,052
Accrued expenses 3,000 3,340
78,130 64,333

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 2-5 years 1,678,250 1,182,000
Bank loans more 5 yrs non-inst 550,541 1,282,005
2,228,791 2,464,005

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 550,541 1,282,005

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 2,261,791 2,497,005

The bank loan facilities are secured by a fixed and floating charge over the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
15 A Ordinary £1 15 15
6 B Ordinary £1 6 6
21 21

11. RESERVES
Revaluation
reserve
£   
At 1 April 2024 2,742,266
Reserves transfer 147,499

At 31 March 2025 2,889,765

BULLFINCH HOMES LIMITED (REGISTERED NUMBER: 03529981)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025

12. RELATED PARTY DISCLOSURES

At the year-end, the company owed key management personnel £652 (2024 - £1,052)