REGISTERED NUMBER: 05710798 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

O'FLANAGAN HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M T O'Flanagan

D J O'Flanagan

SECRETARY:

M T O'Flanagan

REGISTERED OFFICE:

110 Broad Street

Coventry

CV6 5AZ

REGISTERED NUMBER:

05710798 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

FIXED ASSETS

Tangible assets

4

49,544

66,332

CURRENT ASSETS

Stocks

5,609,394

6,818,441

Debtors

5

5,253

4,333

Investments

6

1,129,465

1,082,839

Cash at bank

2,142,068

1,147,827

8,886,180

9,053,440

CREDITORS

Amounts falling due within one year

7

846,170

1,280,322

NET CURRENT ASSETS

8,040,010

7,773,118

TOTAL ASSETS LESS CURRENT LIABILITIES

8,089,554

7,839,450

PROVISIONS FOR LIABILITIES

14,250

8,750

NET ASSETS

8,075,304

7,830,700

CAPITAL AND RESERVES

Called up share capital

1,050,000

1,050,000

Retained earnings

7,025,304

6,780,700

SHAREHOLDERS' FUNDS

8,075,304

7,830,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

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 25 September 2025 and were signed on its behalf by:

D J O'Flanagan - Director

1.	STATUTORY INFORMATION

O'Flanagan 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes development land and all related expenditure.

In respect of development work in its final stages at the year end profit is only taken on individual houses which at this date are able to be occupied and contract commitments are exchanged between the company and the potential purchasers.The profit included is calculated by the directors on a prudent basis to reflect the uncertain nature of predicting the profitability of development sites. Full provision is made for losses on any development site in the period in which it is foreseen.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

and 30 June 2025

4,307

76,966

3,254

84,527

DEPRECIATION

At 1 July 2024

2,847

12,407

2,941

18,195

Charge for year

365

16,140

283

16,788

At 30 June 2025

3,212

28,547

3,224

34,983

NET BOOK VALUE

At 30 June 2025

1,095

48,419

30

49,544

At 30 June 2024

1,460

64,559

313

66,332

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,253

4,333

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Cazenove deposit account

1,129,465

1,082,839

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

206,744

312,755

Other creditors

639,426

967,567

846,170

1,280,322

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J O'Flanagan.