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REGISTERED NUMBER: NI022766 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Somerton Homes Limited

Somerton Homes Limited (Registered number: NI022766)

Contents of the Financial Statements
for the Year Ended 31 May 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Somerton Homes Limited

Company Information
for the Year Ended 31 May 2025







DIRECTORS: Mr F McDonnell
Mr B McDonnell





SECRETARY: Mr F McDonnell





REGISTERED OFFICE: 47 Somerton Road
Belfast
BT15 3LH





REGISTERED NUMBER: NI022766 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

Somerton Homes Limited (Registered number: NI022766)

Balance Sheet
31 May 2025

31/5/25 31/5/24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 810,667 768,998

CURRENT ASSETS
Debtors 5 13,566 23,038
Cash at bank 389,683 376,604
403,249 399,642
CREDITORS
Amounts falling due within one year 6 108,577 128,420
NET CURRENT ASSETS 294,672 271,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,105,339

1,040,220

CREDITORS
Amounts falling due after more than one
year

7

(39,471

)

-

PROVISIONS FOR LIABILITIES (33,364 ) (18,196 )
NET ASSETS 1,032,504 1,022,024

CAPITAL AND RESERVES
Called up share capital 90,000 90,000
Retained earnings 942,504 932,024
1,032,504 1,022,024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Somerton Homes Limited (Registered number: NI022766)

Balance Sheet - continued
31 May 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 7 August 2025 and were signed on its behalf by:




Mr B McDonnell - Director



Mr F McDonnell - Director


Somerton Homes Limited (Registered number: NI022766)

Notes to the Financial Statements
for the Year Ended 31 May 2025


1. STATUTORY INFORMATION

Somerton Homes Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost, 20% on cost and 15% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Somerton Homes Limited (Registered number: NI022766)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 41 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2024 1,361,285 268,924 1,630,209
Additions - 122,872 122,872
Disposals - (30,115 ) (30,115 )
At 31 May 2025 1,361,285 361,681 1,722,966
DEPRECIATION
At 1 June 2024 631,045 230,166 861,211
Charge for year 27,226 23,862 51,088
At 31 May 2025 658,271 254,028 912,299
NET BOOK VALUE
At 31 May 2025 703,014 107,653 810,667
At 31 May 2024 730,240 38,758 768,998

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/25 31/5/24
£    £   
Other debtors 13,566 23,038

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/25 31/5/24
£    £   
Hire purchase contracts 4,805 -
Taxation and social security 89,326 112,488
Other creditors 14,446 15,932
108,577 128,420

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/25 31/5/24
£    £   
Hire purchase contracts 39,471 -