TOUCAN HOMES LTD - Accounts to registrar (filleted)

REGISTERED NUMBER: 12933923 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 31 December 2024

for

TOUCAN HOMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A T Manuel

REGISTERED OFFICE:

102 High Street

West Wickham

Kent

REGISTERED NUMBER:

12933923 (England and Wales)

ACCOUNTANTS:

AccountLets

Coveham House

Downside Bridge Road

Cobham

Surrey

KT11 3EP

FIXED ASSETS

Tangible assets

4

12,069,910

12,050,316

CURRENT ASSETS

Debtors

5

25,678

30,886

Cash at bank

40,497

70,275

66,175

101,161

CREDITORS

Amounts falling due within one year

6

1,673,019

1,495,938

NET CURRENT LIABILITIES

(1,606,844

)

(1,394,777

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,463,066

10,655,539

CREDITORS

Amounts falling due after more than one year

7

1,250,000

NET ASSETS

9,213,066

9,405,539

CAPITAL AND RESERVES

Called up share capital

9,544,195

Retained earnings

(331,129

)

(138,656

)

9,213,066

9,405,539

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

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

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 director and authorised for issue on 17 September 2025 and were signed by:

A T Manuel - Director

1.	STATUTORY INFORMATION

TOUCAN 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.

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.

Taxation

Taxation for the period 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 period 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.

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.

Transition note

These are the first financial statements that comply with FRS 102 1A. The company transitioned to FRS 102 1A as at 01/04/2022. This has affected the previously reported financial position.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

12,037,358

15,000

12,052,358

Additions

21,052

-

21,052

At 31 December 2024

12,058,410

15,000

12,073,410

DEPRECIATION

At 1 April 2024

-

2,042

Charge for period

-

1,458

At 31 December 2024

-

3,500

NET BOOK VALUE

At 31 December 2024

12,058,410

11,500

12,069,910

At 31 March 2024

12,037,358

12,958

12,050,316

5.

DEBTORS

31.12.24

31.3.24

£

Amounts falling due within one year:

Other debtors

12,432

3,900

Amounts falling due after more than one year:

Trade debtors

13,246

26,986

Aggregate amounts

25,678

30,886

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

Trade creditors

51,538

662

Taxation and social security

15,162

9,874

Other creditors

1,606,319

1,485,402

1,673,019

1,495,938

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.3.24

£

Bank loans

1,250,000