The Better Home Company London Ltd

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

Registered number: 11421799

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		2,226
Tangible Assets	5		22,613		35,085

			22,614		37,311
CURRENT ASSETS
Work in Progress	6	398,967		213,695
Debtors	7	976,684		690,028
Cash at bank and in hand		5,147		170,412

		1,380,798		1,074,135
Creditors: Amounts Falling Due Within One Year	8	(1,165,798 )		(931,991 )

NET CURRENT ASSETS (LIABILITIES)			215,000		142,144

TOTAL ASSETS LESS CURRENT LIABILITIES			237,614		179,455

Creditors: Amounts Falling Due After More Than One Year	9		(129,972 )		(125,365 )

NET ASSETS			107,642		54,090

CAPITAL AND RESERVES
Called up share capital	11		74,000		74,000
Profit and Loss Account			33,642		(19,910 )

SHAREHOLDERS' FUNDS			107,642		54,090

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The Better Home Company London 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

Jennifer Cattlin

Director

30th September 2025

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

1. General Information

The Better Home Company London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11421799 . The registered office is Morie Street Studios 4 Morie Street, Studio 6, London, SW18 1SL.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Website development costs are included at cost less accumulated amortisation.

The costs are amortised over 3 years.

2.4. 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	Depreciated straight line over 2.5 years
Motor Vehicles	Depreciated straight line over 42 months
Fixtures & Fittings	Depreciated straight line over 13 years
Computer Equipment	Depreciated straight line over 2 years

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 10)

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The Better Home Company London Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Website development
	£
Cost
As at 1 January 2024	23,161

As at 31 December 2024	23,161

Amortisation
As at 1 January 2024	20,935
Provided during the period	2,225

As at 31 December 2024	23,160

Net Book Value
As at 31 December 2024	1

As at 1 January 2024	2,226

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	13,746	22,113	23,227	22,046	81,132
Additions	55	-	-	556	611

As at 31 December 2024	13,801	22,113	23,227	22,602	81,743

Depreciation
As at 1 January 2024	11,025	21,216	6,309	7,497	46,047
Provided during the period	1,796	897	3,075	7,315	13,083

As at 31 December 2024	12,821	22,113	9,384	14,812	59,130

Net Book Value
As at 31 December 2024	980	-	13,843	7,790	22,613

As at 1 January 2024	2,721	897	16,918	14,549	35,085

6. Work in Progress

	2024	2023
	£	£
Work in progress	398,967	213,695

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The Better Home Company London Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	415,446	429,317
Prepayments and accrued income	163,033	38,285
Other debtors	58,944	30,137
Directors' loan accounts	3,423	-
Amounts owed by group undertakings	335,838	192,289

	976,684	690,028

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	8,775	9,644
Trade creditors	295,002	277,278
Bank loans and overdrafts	49,833	50,184
Other taxes and social security	331,340	57,993
VAT	174,747	228,154
Other creditors	70,119	30,448
Accruals and deferred income	235,982	276,768
Directors' loan accounts	-	1,522

	1,165,798	931,991

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

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	2,939	12,702
Bank loans	77,464	112,663
Other loans	49,569	-

	129,972	125,365

Bank loans include an amount of £94,090 with an interest rate of 12.10%, due back over monthly repayments till June 2027 and an amount of £33,206 with an interest rate of 2.5%, due back over monthly repayments till June 2030.

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,775	9,644
Later than one year and not later than five years	2,939	12,702

	11,714	22,346

	11,714	22,346

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The Better Home Company London Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	74,000	74,000

12. Other Commitments

The company signed a new lease in March 2024 for 2 years with payments due of £69,741 over the life of the lease.

	2024	2023
	£	£
Not later than one year	35,296	-
Later than one year and not later than five years	8,930	69,741

	44,226	69,741

13. Directors Advances, Credits and Guarantees

Transactions with the Directors are as follows:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Mads Dal	397	2,055	-	-	2,452
Mr Wojciech Fraczyk	(1,522 )	2,493	-	-	971

The above loans are unsecured, interest free and repayable on demand.

14. Related Party Transactions

Included in Debtors due within one year are the following loans owed to the company at the reporting date:

The Better Home Company Europe Ltd - £126,875 (2023: £53,170)

TBHC Global Ltd - £141,395 (2023: £116,881)

Arne Property Ltd - £67,359 (2023: £22,029)

The following director loans were owed to the company at the reporting date:

Mr Wojciech Fraczyk - £971 (2023: (£1,522))

Mr Mads Dal - £2,452 (2023: £397)

All above loans are unsecured, interest free and repayable on demand.

15. Ultimate Controlling Party

The company's ultimate controlling parent is TBHC Global Ltd by virtue of ownership of 100% of the issued share capital in the company. The controlling parties are Mads Dal and Emilie Dal.

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