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REGISTERED NUMBER: 04004422 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2025

for

STYLES HOMES LIMITED

STYLES HOMES LIMITED (REGISTERED NUMBER: 04004422)






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


STYLES HOMES LIMITED

Company Information
for the Year Ended 31 May 2025







DIRECTOR: N.M Styles





SECRETARY: Miss A S O'Neill





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 04004422 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

STYLES HOMES LIMITED (REGISTERED NUMBER: 04004422)

Balance Sheet
31 May 2025

31.5.25 31.5.24
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 935,000 1,565,000

CURRENT ASSETS
Debtors 5 2,720 1,907
Cash at bank 158,515 14,988
161,235 16,895
CREDITORS
Amounts falling due within one year 6 44,191 230,496
NET CURRENT ASSETS/(LIABILITIES) 117,044 (213,601 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,052,044

1,351,399

CREDITORS
Amounts falling due after more than one
year

7

(476,999

)

(566,601

)

PROVISIONS FOR LIABILITIES (12,261 ) (78,215 )
NET ASSETS 562,784 706,583

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 137,644 368,710
Retained earnings 425,138 337,871
SHAREHOLDERS' FUNDS 562,784 706,583

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 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.

STYLES HOMES LIMITED (REGISTERED NUMBER: 04004422)

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 Profit And Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2025 and were signed by:





N.M Styles - Director


STYLES HOMES LIMITED (REGISTERED NUMBER: 04004422)

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

1. STATUTORY INFORMATION

Styles Homes Limited 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 represents rents receivable and joint venture property profit.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, 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 NIL (2024 - NIL).

STYLES HOMES LIMITED (REGISTERED NUMBER: 04004422)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2024 1,565,000
Disposals (585,000 )
Revaluations (45,000 )
At 31 May 2025 935,000
NET BOOK VALUE
At 31 May 2025 935,000
At 31 May 2024 1,565,000

Fair value at 31 May 2025 is represented by:
£   
Valuation in 2025 149,905
Cost 785,095
935,000

If investment property had not been revalued they would have been included at the following historical cost:

31.5.25 31.5.24
£    £   
Cost 785,095 1,118,075

Investment property was valued on an open market basis on 31 May 2025 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Trade debtors - 1,442
Other debtors 2,720 465
2,720 1,907

All debtors are payable within one year and therefore have not been discounted.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Bank loans and overdrafts - 32,119
Amounts owed to associates - 181,500
Taxation and social security 29,745 -
Other creditors 14,446 16,877
44,191 230,496

All creditors are payable within one year and therefore have not been discounted.

STYLES HOMES LIMITED (REGISTERED NUMBER: 04004422)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.25 31.5.24
£    £   
Bank loans 476,999 566,601

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 476,999 372,492

Repayable by instalments
Bank loans more 5 yr by instal - 161,990

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.25 31.5.24
£    £   
Bank loans 476,999 598,720

The mortgages and bank loan are secured on the individual investment properties.

9. RESERVES
Fair
value
reserve
£   
At 1 June 2024 368,710
Transfer to fair value reserve 20,954
No description (252,020 )

At 31 May 2025 137,644