IRIS Accounts Production v25.1.4.42 13525499 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 28.8.25 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13525499 2024-03-31 13525499 2025-03-31 13525499 2024-04-01 2025-03-31 13525499 2023-03-31 13525499 2023-04-01 2024-03-31 13525499 2024-03-31 13525499 ns15:EnglandWales 2024-04-01 2025-03-31 13525499 ns14:PoundSterling 2024-04-01 2025-03-31 13525499 ns10:Director1 2024-04-01 2025-03-31 13525499 ns10:Director2 2024-04-01 2025-03-31 13525499 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13525499 ns10:SmallEntities 2024-04-01 2025-03-31 13525499 ns10:Audited 2024-04-01 2025-03-31 13525499 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 13525499 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13525499 ns10:FullAccounts 2024-04-01 2025-03-31 13525499 ns10:RegisteredOffice 2024-04-01 2025-03-31 13525499 ns5:CurrentFinancialInstruments 2025-03-31 13525499 ns5:CurrentFinancialInstruments 2024-03-31 13525499 ns5:Non-currentFinancialInstruments 2025-03-31 13525499 ns5:Non-currentFinancialInstruments 2024-03-31 13525499 ns5:ShareCapital 2025-03-31 13525499 ns5:ShareCapital 2024-03-31 13525499 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 13525499 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 13525499 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 13525499 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: 13525499 (England and Wales)

BRECKLAND HOMES (COLKIRK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

BRECKLAND HOMES (COLKIRK) LIMITED (REGISTERED NUMBER: 13525499) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 3 |

| BRECKLAND HOMES (COLKIRK) LIMITED |

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTORS: | D J Winch

| S Bizley

| REGISTERED OFFICE: | 1 Quay Point

| Station Road

| Woodbridge

| Suffolk

| IP12 4AL

| REGISTERED NUMBER: | 13525499 (England and Wales)

| AUDITORS: | Sumer Auditco Limited

| Fitzroy House

| Crown Street

| Ipswich

| IP13LG

BRECKLAND HOMES (COLKIRK) LIMITED (REGISTERED NUMBER: 13525499) |

BALANCE SHEET

31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 4 | 4,113,695 |  | 3,019,682 |  |

Debtors | 5 | 47,953 |  | 40,268 |  |

Cash at bank | 992 |  | 1,186 |  |

4,162,640 |  | 3,061,136 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,262,998 |  | 3,069,720 |  |

NET CURRENT ASSETS/(LIABILITIES) | 1,899,642 |  | (8,584 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,899,642 |  | (8,584 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | 1,947,916 |  | - |  |

NET LIABILITIES | (48,274 | ) | (8,584 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (48,275 | ) | (8,585 | ) |

SHAREHOLDERS' FUNDS | (48,274 | ) | (8,584 | ) |

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 18 August 2025 and were signed on its behalf by:

D J Winch - Director

S Bizley - Director

BRECKLAND HOMES (COLKIRK) LIMITED (REGISTERED NUMBER: 13525499) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Breckland Homes (Colkirk) Limited is a private company limited by shares and incorporated in England. The Registered office is 1 Quay Point, Station Road, Woodbridge, Suffolk, IP12 4AL. The company's principal activity is building development. The presentation currency of the financial statements is sterling.

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

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenditures during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Management do not consider that there is a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.

| The items in the financial statements where these judgements and estimates have been made include;

| Work in progress as detailed in the work in progress accounting policy.

| Going Concern as detailed in the Going concern accounting policy.

| Work in progress

| Work in Progress is valued at cost in relation to projects where the income is realised in future periods.

| Cost includes all direct expenditure in including interest charged on development and construction loans.

| 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 the 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.

BRECKLAND HOMES (COLKIRK) LIMITED (REGISTERED NUMBER: 13525499) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Going concern

| The directors have considered the budget for 2025/26 along with the business plan for 2022 -2027. Based upon their review of these documents and the continued support offered by the shareholders, the directors consider that the Company will be able to continue to meet its liabilities as they fall due and continue to trade for the foreseeable future, being at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on the going concern basis.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand and deposits held at call with banks. Bank overdrafts, when applicable are shown within borrowings in current liabilities.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are

| measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | STOCKS

2025 | 2024 |

£ | £ |

| Work-in-progress | 4,113,695 |  | 3,019,682 |  |

| Costs include £480,919 (2024 £263,120) interest on Development Loans from Breckland Bridge Limited and Breckland District Council.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 47,953 |  | 40,268 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 116,011 |  | 28,778 |  |

| Amounts owed to group undertakings | 2,144,237 |  | 1,643,539 |  |

| Other creditors | 2,750 |  | 1,397,403 |  |

2,262,998 |  | 3,069,720 |  |

BRECKLAND HOMES (COLKIRK) LIMITED (REGISTERED NUMBER: 13525499) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 1,947,916 |  | - |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Breckland District Council | 1,947,916 |  | 1,286,545 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the auditors was unqualified.

| Steven Burgess (Senior Statutory Auditor)

| for and on behalf of Sumer Auditco Limited

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| As at the Balance Sheet date the company owed £2,144,237 (2024 £1,643,539) to its parent company Breckland Bridge Limited.

| As at the Balance Sheet date the company owed £1,947,916 (2024 £1,286,545) to Breckland District Council in respect of a construction loan.

| Included in work in progress are interest charges of £189,308 (2024 £94,499) paid to Breckland District Council.

| Included in work in progress are Project and Development fees of £253,440 (2024 £192,098) from Land Group (Breckland) Limited.

11. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party.