REGISTERED NUMBER: 06432706 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Excellent Homes Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Awan

Dr I W Jones

REGISTERED OFFICE:

1070-1072 London Road

Thornton Heath

Surrey

CR7 7ND

REGISTERED NUMBER:

06432706 (England and Wales)

ACCOUNTANTS:

KBMD Limited

Chartered Certified Accountants

Maple House

382 Kenton Road

Harrow

Middlesex

HA3 9DP

FIXED ASSETS

Tangible assets

4

52,692

81,508

CURRENT ASSETS

Debtors

577,977

327,767

Cash at bank

85,274

161,706

663,251

489,473

CREDITORS

Amounts falling due within one year

(127,146

)

(81,354

)

NET CURRENT ASSETS

536,105

408,119

TOTAL ASSETS LESS CURRENT LIABILITIES

588,797

489,627

PROVISIONS FOR LIABILITIES

(2,001

)

(2,853

)

NET ASSETS

586,796

486,774

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

586,696

486,674

SHAREHOLDERS' FUNDS

586,796

486,774

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 September 2025 and were signed on its behalf by:

Mrs M Awan - Director

1.	STATUTORY INFORMATION

Excellent 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.

Turnover

Turnover represents amounts invoiced for the provision and letting of housing to social services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

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 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

Totals

£

COST

At 1 January 2024

170,805

Additions

6,114

Disposals

(2,257

)

At 31 December 2024

174,662

DEPRECIATION

At 1 January 2024

89,297

Charge for year

34,930

Eliminated on disposal

(2,257

)

At 31 December 2024

121,970

NET BOOK VALUE

At 31 December 2024

52,692

At 31 December 2023

81,508

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the Company was charged rent of £310,800 (2023: £268,800) by the directors, and charged rent totalling £93,300 (2023: £84,300) by companies under common control.

6.	RELATED PARTY

Amounts receivable by companies under common control totalled £485,000 (2023: £250,000), and amounts payable to companies under common control totalled £46,254 (2023: nil)

7.

DEBENTURE

National Westminster Bank Plc holds a fixed and floating charge over the assets of the Company.