REGISTERED NUMBER: 13104734 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Toffee Homes Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

Mrs R M Murphy

N J Murphy

REGISTERED OFFICE:

Charter House, Wyvern Court

Stanier Way

Wyvern Business Park

Derby

Derbyshire

DE21 6BF

REGISTERED NUMBER:

13104734 (England and Wales)

ACCOUNTANTS:

M. J. Shapcott & Co. Limited

Chartered Accountants

Charter House, Wyvern Court

Stanier Way

Derby

DE21 6BF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Toffee Homes Ltd for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Toffee Homes Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Toffee Homes Ltd and state those matters that we have agreed to state to the Board of Directors of Toffee Homes Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Toffee Homes Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Toffee Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Toffee Homes Ltd. You consider that Toffee Homes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Toffee Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

M. J. Shapcott & Co. Limited

Chartered Accountants

Charter House, Wyvern Court

Stanier Way

Derby

DE21 6BF

28 July 2025

FIXED ASSETS

Tangible assets

4

225

264

Investments

5

11,055

11,055

Investment property

6

295,000

285,000

306,280

296,319

CURRENT ASSETS

Debtors

7

1,125

1,125

Prepayments and accrued income

268

302

Cash at bank

2,942

2,548

4,335

3,975

CREDITORS

Amounts falling due within one year

8

280,280

282,071

NET CURRENT LIABILITIES

(275,945

)

(278,096

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,335

18,223

PROVISIONS FOR LIABILITIES

(5,767

)

(3,280

)

ACCRUALS AND DEFERRED INCOME

(1,222

)

(1,200

)

NET ASSETS

23,346

13,743

CAPITAL AND RESERVES

Called up share capital

200

200

Fair value reserve

10

26,067

18,555

Retained earnings

(2,921

)

(5,012

)

23,346

13,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 28 July 2025 and were signed on its behalf by:

Mrs R M Murphy - Director

1.	STATUTORY INFORMATION

Toffee Homes Ltd 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.

The presentation currency of the financial statements is the Pound 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 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.

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.

Financial instruments

The fixed asset investment which are unlisted investments are measured at fair value on initial recognition. They are held at this value until the point of disposal or transition to an alternative instrument. At the point of transition the fair value will be recognised at the date of the change. Any assets will be held at initial fair value and adjusted at disposal.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

335

DEPRECIATION

At 1 January 2024

71

Charge for year

39

At 31 December 2024

110

NET BOOK VALUE

At 31 December 2024

225

At 31 December 2023

264

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

11,055

NET BOOK VALUE

At 31 December 2024

11,055

At 31 December 2023

11,055

A convertible loan of £10,000 is held within Other Investments which is to be converted to equity in the company the loan is held with.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

285,000

Revaluations

10,000

At 31 December 2024

295,000

NET BOOK VALUE

At 31 December 2024

295,000

At 31 December 2023

285,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

6,834

Valuation in 2023

15,000

Valuation in 2024

10,000

Cost

263,166

295,000

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

2024

2023

£

£

Cost

263,166

263,166

Aggregate depreciation

(15,790

)

(10,526

)

Investment property was valued on an open market basis basis on 31 December 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

1,125

1,125

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

280,280

282,071

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

191,275

191,275

The directors have provided a personal guarantee over the mortgage held by the company.

10.

RESERVES

Fair

value

reserve

£

At 1 January 2024

18,555

Transfer

7,512

At 31 December 2024

26,067