Horton Homes Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09610279

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		584		687
Investments	5		100		100

			684		787
CURRENT ASSETS
Debtors	6	1,534,138		936,215
Cash at bank and in hand		360		19,151

		1,534,498		955,366
Creditors: Amounts Falling Due Within One Year	7	(1,203,740 )		(584,479 )

NET CURRENT ASSETS (LIABILITIES)			330,758		370,887

TOTAL ASSETS LESS CURRENT LIABILITIES			331,442		371,674

Creditors: Amounts Falling Due After More Than One Year	8		(4,165 )		(14,165 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(111 )		(131 )

NET ASSETS			327,166		357,378

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			327,066		357,278

SHAREHOLDERS' FUNDS			327,166		357,378

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Horton Homes Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Liam McNamara

Director

30/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Horton Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09610279 . The registered office is Cumberland House, 24-28 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

15% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Horton Homes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation

Income 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 2)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	1,548

As at 31 December 2024	1,548

...CONTINUED

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Horton Homes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	861
Provided during the period	103

As at 31 December 2024	964

Net Book Value
As at 31 December 2024	584

As at 1 January 2024	687

5. Investments

	Listed
	£
Cost
As at 1 January 2024	100

As at 31 December 2024	100

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	100

As at 1 January 2024	100

6. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	1,419,560	908,034
Other debtors	114,578	28,181

	1,534,138	936,215

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	629,510	55,550
Bank loans and overdrafts	33,970	10,000
Other loans	179,784	179,784
Taxation and social security costs	3,942	2,466
Other creditors	55,101	4,290
Directors' loan accounts	301,433	332,389

	1,203,740	584,479

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Horton Homes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,165	14,165

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

Mrs B Foster

Mother of Mr J Horton

There is an amount owed to Mrs B Foster of £179,784 for a loan made to the company that remains outstanding. This amount is included within other loans.

Totnor Development Limited

Subsidiary

There is an amount of £1,419,560 owed from Totnor Developments Limited, this is the balance of loans made to this compeny less repayments received. This amount is included within other debtors.

Totonor Development Limited

The company's turnover relates to the charges made to its subsidary for property development.

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