REGISTERED NUMBER: 04603431 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2024

for

CURZON HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr A Wayt

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

04603431 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Investment property

4

225,000

-

Current assets

Debtors

5

2,134

-

Cash at bank

101

109

2,235

109

Creditors

Amounts falling due within one year

6

249,861

19,450

Net current liabilities

(247,626

)

(19,341

)

Total assets less current liabilities

(22,626

)

(19,341

)

Capital and reserves

Called up share capital

7

2

2

Retained earnings

(22,628

)

(19,343

)

Shareholders' funds

(22,626

)

(19,341

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

Mr A Wayt - Director

1.	Statutory information

Curzon 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.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Hence, the director continues to adopt the going concern basis of accounting in preparing the financial statements. This assessment has been made for a period of twelve months from the date of approving these financial statements.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover

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

Turnover is derived from the company's principal activity, being the letting of real estate. Rental income from operating leases is recognised on a straight-line basis over the lease term, unless another method more accurately reflects how the economic benefits from the leased asset are expected to be received over time.

Investment property

Investment properties are included in the Balance Sheet at their open market value in accordance with Section 16 of Financial Reporting Standard 102 (FRS 102). In line with this standard, investment properties are not depreciated, and changes in fair value are recognised in the profit and loss account.

This treatment differs from the general requirement under the Companies Act 2006, which states that fixed assets should be depreciated. However, the Companies Act permits the use of fair value accounting rules for investment properties, and the director considers this approach necessary to present a true and fair view of the company's financial position.

Financial instruments

Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, convertible loan notes and loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets and liabilities - classified as basic financial instruments

(i) Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables

Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Income Statement.

(iii) Equity investments

Equity investments comprise ordinary shares, not publicly traded in active markets for which a reliable fair value cannot be measured reliably. Equity investments are initially recognised at fair value, which is the transaction price excluding transaction costs and are subsequently measured at fair value through profit or loss.

(iv) Trade and other payables and loans and borrowings

Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the discounted amount of the cash expected to be paid.

3.	Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4.	Investment property

Total

£

Fair value

Additions

225,000

At 30 November 2024

225,000

Net book value

At 30 November 2024

225,000

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

2,134

-

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

6,131

-

Other creditors

243,730

19,450

249,861

19,450

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

8.	Related party disclosures

On 29th October 2024, the company acquired a commercial property located at 25 High Street, Banstead from Lancaster Estate Agents Ltd, a company under common control through shared directorship and shareholding.

The property was purchased for £225,000, reflecting its open market value at the time of the transaction. The acquisition was conducted on commercial terms and at arm’s length, with no guarantees or contingent liabilities assumed. The director considers the transaction to be in the best interest of the company and confirms that it was carried out in accordance with Section 33 of FRS 102 - Related Party Disclosures.

At the balance sheet date, an amount of £40,000 remained payable to Lancaster Estate Agents Ltd in respect of this transaction.

Included within other creditors is £202,350 (2023: £17,350) owed to the director of the company.