REGISTERED NUMBER: 04433029 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Chevin Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J D Fearnehough

J D Cokayne

SECRETARY:

J D Fearnehough

REGISTERED OFFICE:

44 Friar Gate

Derby

Derbyshire

DE1 1DA

REGISTERED NUMBER:

04433029 (England and Wales)

AUDITORS:

Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

CURRENT ASSETS

Debtors

4

205,966

381,511

Cash at bank

512

2

206,478

381,513

CREDITORS

Amounts falling due within one year

5

110,500

216,334

NET CURRENT ASSETS

95,978

165,179

TOTAL ASSETS LESS CURRENT LIABILITIES

95,978

165,179

CREDITORS

Amounts falling due after more than one year

6

25,194

109,622

NET ASSETS

70,784

55,557

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

70,782

55,555

SHAREHOLDERS' FUNDS

70,784

55,557

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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

J D Fearnehough - Director

1.	STATUTORY INFORMATION

Chevin 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.

Going concern

The Company is not considered to be a going concern owing to the cessation of trade. The trading activity transferred to another subsidiary of the Group, Chevin Homes (Derby) Limited. The directors do not anticipate adjustments to the reported values arising from this strategic decision.

Related party exemption

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.

Turnover

Turnover represents the invoiced value of completed property sales, excluding value added tax. Turnover is recognised on the completion date of the property sale.

Deferred tax

Deferred tax arises from timing differences between taxable total profits and total comprehensive income as stated in the financial statements. These 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.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

-

1,316

Amounts owed by group undertakings

194,366

368,595

194,366

369,911

2024

2023

£

£

Amounts falling due after more than one year:

Deferred tax

11,600

11,600

Aggregate amounts

205,966

381,511

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

26,303

118,689

Other loans

58,780

52,599

Trade creditors

1,879

3,719

Tax

8,473

6,573

Social security and other taxes

-

19,864

Accrued expenses

15,065

14,890

110,500

216,334

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

7,902

19,223

Bank loans - 2-5 years

-

7,902

Other loans - 1-2 years

17,292

58,107

Other loans - 2-5 years

-

24,390

25,194

109,622

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

30,000

30,000

Between one and five years

60,000

90,000

90,000

120,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

76,072

135,096

Bank loans

-

128,327

76,072

263,423

Bank loans are personally indemnified by the directors.

Other loans in this accounting period relate to CBILS which are subject to the HM Government Guarantee.

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

The Report of the Auditors was unqualified.

Financial statements prepared on a basis other than going concern

We draw attention to Note 2 to the financial statements which explains that the directors expect the Company to be wound up in the next 12 months and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

Wayne Thomas FCA (Senior Statutory Auditor)

for and on behalf of Bates Weston Audit Ltd

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Chevin Group Holdings Limited, a company incorporated in England and Wales, which shares the registered office as detailed on page 1. Copies of the consolidated financial statements are available from Companies House.