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REGISTERED NUMBER: 07980161 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2025

for

QUALITY HOMES (SELLY OAK) LIMITED

QUALITY HOMES (SELLY OAK) LIMITED (REGISTERED NUMBER: 07980161)

Contents of the Financial Statements
for the Year Ended 31st March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUALITY HOMES (SELLY OAK) LIMITED

Company Information
for the Year Ended 31st March 2025







DIRECTOR: Mr A Earp





REGISTERED OFFICE: 4 Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 07980161 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

QUALITY HOMES (SELLY OAK) LIMITED (REGISTERED NUMBER: 07980161)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,866 14,934
Investment property 5 3,499,375 3,499,375
3,509,241 3,514,309

CURRENT ASSETS
Debtors 6 82,102 55,267
Cash at bank 6,364 20,908
88,466 76,175
CREDITORS
Amounts falling due within one year 7 1,259,634 1,341,004
NET CURRENT LIABILITIES (1,171,168 ) (1,264,829 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,338,073

2,249,480

CREDITORS
Amounts falling due after more than one
year

8

(575,196

)

(570,189

)

PROVISIONS FOR LIABILITIES 11 (274,750 ) (276,609 )
NET ASSETS 1,488,127 1,402,682

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 991,695 991,695
Retained earnings 496,332 410,887
SHAREHOLDERS' FUNDS 1,488,127 1,402,682

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

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

QUALITY HOMES (SELLY OAK) LIMITED (REGISTERED NUMBER: 07980161)

Balance Sheet - continued
31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th July 2025 and were signed by:





Mr A Earp - Director


QUALITY HOMES (SELLY OAK) LIMITED (REGISTERED NUMBER: 07980161)

Notes to the Financial Statements
for the Year Ended 31st March 2025


1. STATUTORY INFORMATION

Quality Homes (Selly Oak) 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 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.
Fixtures and fittings - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2024 - 1 ) .

QUALITY HOMES (SELLY OAK) LIMITED (REGISTERED NUMBER: 07980161)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2024
and 31st March 2025 57,933
DEPRECIATION
At 1st April 2024 42,999
Charge for year 5,068
At 31st March 2025 48,067
NET BOOK VALUE
At 31st March 2025 9,866
At 31st March 2024 14,934

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024
and 31st March 2025 3,499,375
NET BOOK VALUE
At 31st March 2025 3,499,375
At 31st March 2024 3,499,375

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2016 349,801
Valuation in 2018 688,466
Valuation in 2019 (67,686 )
Valuation in 2023 228,499
Cost 2,300,295
3,499,375

Investment property was valued on an open market basis on 31st March 2021 by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 78,917 51,500
Prepayments 3,185 3,767
82,102 55,267

QUALITY HOMES (SELLY OAK) LIMITED (REGISTERED NUMBER: 07980161)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax 58,243 35,901
Other creditors 16,855 16,165
1st Class Student Homes Ltd 4,013 3,145
Terry Developments Ltd 1,178,466 1,281,566
Directors' loan accounts 187 729
Accrued expenses 1,870 3,498
1,259,634 1,341,004

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans (see note 9) 575,196 541,923
Other loans (see note 9) - 28,266
575,196 570,189

9. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 575,196 541,923
Other loans - 2-5 years - 28,266
575,196 570,189

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 575,196 541,923

11. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 1,875 3,734
Other timing differences 272,875 272,875
274,750 276,609

Deferred
tax
£   
Balance at 1st April 2024 276,609
Provided during year (1,859 )
Balance at 31st March 2025 274,750

QUALITY HOMES (SELLY OAK) LIMITED (REGISTERED NUMBER: 07980161)

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


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Fair
value
reserve
£   
At 1st April 2024
and 31st March 2025 991,695