For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

Centaur Homes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Willow End, Stoke Orchard Road, Bishops Cleeve, Cheltenham, Gloucestershire, England, GL52 7DG.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue comprises sales of houses. Turnover is recognised on completion of the sale of a property or on the raising of an invoice for recharges.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Interests in subsidiaries and associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The average monthly number of persons (including directors) employed by the company during the year was:

During the year the company entered into the following transactions with related parties:

Willow Construction (Midlands) Ltd

Related by reason of some common directors

The company buys services on an arms length basis from the related party. The value of such services during the year was £454,800 (2023: £388,140). The company also receives loans from the related party for developing its properties. The amount due to the related party at the year-end was £4,619,424 (2023: £3,265,008). The advance is unsecured and repayable on demand; no terms of interest have been agreed.

Snape Construction Limited

Related by reason of some common directors

The company buys services on an arms length basis from the related party. The value of such services during the year was £3,799,030 (2023: £3,770,359). The amount due to the related party at the year-end was £532,657 (2023: £271,511). The advance is unsecured and repayable on demand; no terms of interest have been agreed.

Snape Contracting Services Limited

Related by reason of some common directors

The company buys services on an arms length basis from the related party. The value of such services during the year was £848 (2023: £798). The amount due to the related party at the year-end was £nil (2023: £138). The advance is unsecured and repayable on demand; no terms of interest have been agreed.

Snape Management Solutions Limited

Related by reason of some common directors

The company buys services on an arms length basis from the related party. The value of such services during the year was £2,284 (2023: £8,713). The amount due to the related party at the year-end was £339 (2023: £2,977). The advance is unsecured and repayable on demand; no terms of interest have been agreed.

Blueprint Architecture Limited

Related by reason of some common directors

The company buys and sells services on an arms length basis from and to the related party. The value of services sold and purchased during the year was £14,210 (2023: £8,637) and £25,000 (2023: £25,000) respectively. The net amount due from the related party at the year-end was £14,210 (2023: due to £16,363). The advance is unsecured and repayable on demand; no terms of interest have been agreed.

Waterdale Management Ltd

Related by reason of some common directors

The company buys services on an arms length basis from the related party. The value of such services during the year was £166,552 (2023: £175,000). The company also receives loans from the related party for developing its properties. The amount due to the related party at the year-end was £681,648 (2023: £603,749). The advance is unsecured and repayable on demand; no terms of interest have been agreed.

Centaur Land Limited

Related by reason of some common directors

The company sells services on an arms length basis to the related party. The value of such services during the year was £6,350 (2023: £19.552). The company also made loans to the related party for developing its properties and for working capital. The amount due from the related party at the year-end was £535,000 (2023: £306,087). The advance is unsecured and repayable on demand; no terms of interest have been agreed.

Centaur Homes (North) Limited

Related by reason of some common directors

The company sells services on an arms length basis to the related party. The value of such services during the year was £3,215,681 (2023: £3,728,643). The company also made loans to the related party for developing its properties and for working capital. The amount due from the related party at the year-end was £4,472,555 (2023: £3,921,826). The advance is unsecured and repayable on demand; no terms of interest have been agreed.

Centaur Homes (South) Limited

Related by reason of some common directors

The company sells services on an arms length basis to the related party. The value of such services during the year was £nil (2023: £21,611). The company also made loans to the related party for developing its properties and for working capital. The amount due from the related party at the year-end was £300,000 (2023: £7,159). The advance is unsecured and repayable on demand; no terms of interest have been agreed.

Centaur Homes (East) Limited

Related by reason of some common directors

The company sells services on an arms length basis to the related party. The value of such services during the year was £nil (2023: £314). The company also made loans to the related party for working capital. The amount due from the related party at the year-end was £100 (2023: £10,003). The advance is unsecured and repayable on demand; no terms of interest have been agreed.

Centaur Homes (West) Limited

Related by reason of some common directors

The company sells services on an arms length basis to the related party. The value of such services during the year was £338,967 (2023: £60,502). The company also made loans to the related party for developing its properties and for working capital. The amount due from the related party at the year-end was £1,665,662 (2023: £650). The advance is unsecured and repayable on demand; no terms of interest have been agreed.

M J Harrison

Director

Mr Harrison has loaned money to the company for working capital. The amount due to the related party at the year-end was £617 (2023: £617). The advance is unsecured and repayable on demand; no terms of interest have been agreed.