REGISTERED NUMBER: 08937395 (England and Wales)

Tirion Homes Limited

Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

C Patel

M R Howells

S Evans

M R Davies

Registered office:

220 The Boulevard

The Mill

Cardiff

CF11 8GF

Registered number:

08937395 (England and Wales)

Auditors:

Menzies LLP, Statutory Auditors

5th Floor Hodge House

114-116 St Mary Street

Cardiff

CF10 1DY

Current assets

Debtors

4

34,257

8,679

Cash at bank

73,574

17,563

107,831

26,242

Creditors

Amounts falling due within one year

5

(38,811

)

(26,272

)

Net current assets/(liabilities)

69,020

(30

)

Total assets less current liabilities

69,020

(30

)

Capital and reserves

Called up share capital

100

100

Retained earnings

68,920

(130

)

69,020

(30

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

S Evans - Director

1.	Statutory information

Tirion 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Going concern

The board is aware that the company is dependent on the support of its parent company as well as its fellow subsidiaries and in particularly the outcome of the projects undertaken by these companies. The long-term projections of these projects are monitored via regular review of the development tracker, shows that the schemes will generate a surplus when completed. The board also receives cash flow projections and update on funding agreements (short term and long term) as part of periodic financial reporting package.

As with any such project, there is some level of material uncertainty, but the directors are confident that should the project fail to go ahead, the company will be able to meet its liabilities as they fall due.

Based on the above, the directors consider that the company is financially viable and can meet its liabilities as they fall due and therefore these financial statements have been prepared on a going concern basis

3.	Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4.

Debtors: amounts falling due within one year

2025

2024

£

£

Amounts owed by group undertakings

32,062

7,282

Prepayments and accrued income

2,195

1,397

34,257

8,679

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Amounts owed to group undertakings

32,811

24,472

Accrued expenses

6,000

1,800

38,811

26,272

6.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Clive Edwards (Senior Statutory Auditor)

for and on behalf of Menzies LLP, Statutory Auditors

7.	Related party disclosures

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.

8.	Ultimate parent company

The ultimate parent company and controlling party is Tirion Group Limited, which prepares group financial statements incorporating the financial statements of the company. A copy of these can be obtained from the registered society's registered office at 220 The Boulevard, Canton, Cardiff, CF11 8GF.