North Essex Homes Construction Limited 14389330 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true false 14389330 2024-04-01 2025-03-31 14389330 2025-03-31 14389330 core:RetainedEarningsAccumulatedLosses 2025-03-31 14389330 core:ShareCapital 2025-03-31 14389330 core:CurrentFinancialInstruments 2025-03-31 14389330 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 14389330 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 14389330 core:FurnitureFittingsToolsEquipment 2025-03-31 14389330 core:MotorVehicles 2025-03-31 14389330 core:OtherPropertyPlantEquipment 2025-03-31 14389330 bus:SmallEntities 2024-04-01 2025-03-31 14389330 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14389330 bus:FilletedAccounts 2024-04-01 2025-03-31 14389330 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14389330 bus:RegisteredOffice 2024-04-01 2025-03-31 14389330 bus:Director3 2024-04-01 2025-03-31 14389330 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14389330 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 14389330 core:MotorVehicles 2024-04-01 2025-03-31 14389330 core:OfficeEquipment 2024-04-01 2025-03-31 14389330 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 14389330 core:PlantMachinery 2024-04-01 2025-03-31 14389330 1 2024-04-01 2025-03-31 14389330 countries:EnglandWales 2024-04-01 2025-03-31 14389330 2024-03-31 14389330 core:FurnitureFittingsToolsEquipment 2024-03-31 14389330 core:MotorVehicles 2024-03-31 14389330 core:OtherPropertyPlantEquipment 2024-03-31 14389330 2023-04-01 2024-03-31 14389330 2024-03-31 14389330 core:RetainedEarningsAccumulatedLosses 2024-03-31 14389330 core:ShareCapital 2024-03-31 14389330 core:CurrentFinancialInstruments 2024-03-31 14389330 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14389330 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2024-03-31 14389330 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 14389330 core:Non-currentFinancialInstruments core:AfterOneYear core:PreviouslyStatedAmount 2024-03-31 14389330 core:FurnitureFittingsToolsEquipment 2024-03-31 14389330 core:MotorVehicles 2024-03-31 14389330 core:OtherPropertyPlantEquipment 2024-03-31 14389330 core:PreviouslyStatedAmount 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14389330

North Essex Homes Construction Limited
Unaudited Financial Statements
for the Year Ended 31 March 2025

North Essex Homes Construction Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

North Essex Homes Construction Limited

(Registration number: 14389330)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 157,795 | 71,462
Current assets |  |  |
Debtors | 5 | 3,773,259 | 910,040
Cash at bank and in hand |  | 2,633 | 7,369
|  | 3,775,892 | 917,409
Creditors: Amounts falling due within one year | 6 | (572,058) | (185,348)
Net current assets |  | 3,203,834 | 732,061
Total assets less current liabilities |  | 3,361,629 | 803,523
Creditors: Amounts falling due after more than one year | 6 | (3,209,945) | (701,135)
Provisions for liabilities |  | (39,449) | (17,865)
Net assets |  | 112,235 | 84,523
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 112,234 | 84,522
Shareholders' funds |  | 112,235 | 84,523

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 October 2025 and signed on its behalf by:

......................................... Mr M A Griggs Director

North Essex Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
M5 4ZG
UK

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

North Essex Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% reducing balance
Plant and machinery | 25% reducing balance
Motor vehicles | 25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

North Essex Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 4).

North Essex Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Office equipment £ | Motor vehicles £ | Plant & machinery £ | Total £
Cost or valuation
At 1 April 2024 | 23,774 | 29,299 | 30,000 | 83,073
Additions | 9,804 | 114,177 | - | 123,981
At 31 March 2025 | 33,578 | 143,476 | 30,000 | 207,054
Depreciation
At 1 April 2024 | 4,765 | 1,221 | 5,625 | 11,611
Charge for the year | 4,745 | 26,809 | 6,094 | 37,648
At 31 March 2025 | 9,510 | 28,030 | 11,719 | 49,259
Carrying amount
At 31 March 2025 | 24,068 | 115,446 | 18,281 | 157,795
At 31 March 2024 | 19,009 | 28,078 | 24,375 | 71,462

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 49,837 | 1,500
Other debtors | 3,723,422 | 908,540
| 3,773,259 | 910,040

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
HP and finance lease liabilities |  | 27,279 | 5,860
Trade creditors |  | 134,489 | 56,336
Taxation and social security |  | 31,777 | 21,307
Accruals and deferred income |  | 375,828 | 100,057
Other creditors |  | 2,685 | 1,788
|  | 572,058 | 185,348

North Essex Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
HP and finance lease liabilities |  | 91,280 | 21,443
Owed to group undertakings |  | 3,118,665 | 679,692
|  | 3,209,945 | 701,135

7 | Parent and ultimate parent undertaking

The immediate parent company is North Essex Homes Limited. The share capital of North Essex Homes Limited is owned equally by Salboy Partnerships Limited and G&S Properties Limited. There is no ultimate controlling party.
Salboy Partnerships is a company incorporated in England and Wales, company number 13626842, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.
The ultimate parent company of Salboy Partnerships Limited is Salboy Limited, incorporated in England and Wales, company number 09123542, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.
G&S Properties Limited is a company incorporated in England and Wales, company number 11480956, registered office Tower Offices Main Road, Dovercourt, Harwich, England, CO12 3PJ.