Felsham Homes Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Felsham Homes Ltd For The Year Ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Felsham Homes Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Felsham Homes Ltd , as a body, in accordance with the terms of our engagement letter dated 25 March 2021. Our work has been undertaken solely to prepare for your approval the accounts of Felsham Homes Ltd and state those matters that we have agreed to state to the directors of Felsham Homes Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Felsham Homes Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Felsham Homes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Felsham Homes Ltd . You consider that Felsham Homes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Felsham Homes Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

29 October 2025

APH Accountancy Services Ltd

Chartered Certified Accountants

Office 2 The Reach

687-693 London Road

Westcliff-On-Sea

Essex

SS0 9PA

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Felsham Homes Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 13276132

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		715,000		715,000

			715,000		715,000
CURRENT ASSETS
Debtors	5	229		185
Cash at bank and in hand		11,135		330

		11,364		515
Creditors: Amounts Falling Due Within One Year	6	(181,254 )		(177,908 )

NET CURRENT ASSETS (LIABILITIES)			(169,890 )		(177,393 )

TOTAL ASSETS LESS CURRENT LIABILITIES			545,110		537,607

Creditors: Amounts Falling Due After More Than One Year	7		(466,366 )		(466,366 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,451 )		(12,451 )

NET ASSETS			66,293		58,790

CAPITAL AND RESERVES
Called up share capital	9		4		4
Profit and Loss Account			66,289		58,786

SHAREHOLDERS' FUNDS			66,293		58,790

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Felsham Homes Ltd

Balance Sheet (continued)

As At 31 March 2025

For the 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.

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 Oliver Rowe

Director

29 October 2025

The notes on pages 4 to 6 form part of these financial statements.

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Felsham Homes Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Felsham Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13276132 . The registered office is Office 2 The Reach, 687-693 London Road, Westcliff on Sea, Essex, SS0 9PA.

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 rental of investment properties.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Felsham Homes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	715,000

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	229	185

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	1,760	1,047
Accruals and deferred income	4,440	4,440
Directors' loan accounts	175,054	172,421

	181,254	177,908

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

	2025	2024
	£	£
Bank loans	466,366	466,366

8. Secured Creditors

Of the creditors the following amounts are secured against the investment properties to which they relate.

	2025		2024
	£		£
Bank loans and overdrafts	466,366		466,366

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

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Felsham Homes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans from directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Oliver Rowe	86,211	1,316	-	-	87,527
Mrs Reim Rowe	86,211	1,316	-	-	87,527

The above loan is unsecured, interest free and repayable on demand.

11. Reserves

Included within the profit and loss reserve is a fair value gain totalling £65,534 which is non distributable.

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