Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Paul Adams
Paul Moat
Allan Fisher
Gary Reynolds
Paul High
Andrew Kilby

The director shown below has held office during the period of
1 April 2024 to 31 October 2024

Mohammed Habib

The director shown below has held office during the period of
13 November 2024 to 31 March 2025

Barinderjit Singh Kambo

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 September 2025

And signed on behalf of the board by:
Name: Paul Moat
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2025

	2025	2024
	£	£
Turnover:	415,000	493,000
Cost of sales:	( 413,000 )	( 409,000 )
Gross profit(or loss):	2,000	84,000
Distribution costs:	0	0
Administrative expenses:	( 192,000 )	( 174,000 )
Other operating income:	0	0
Operating profit(or loss):	(190,000)	(90,000)
Interest receivable and similar income:	1,090,000	315,000
Interest payable and similar charges:	( 653,000 )	( 65,000 )
Profit(or loss) before tax:	247,000	160,000
Tax:	0	0
Profit(or loss) for the financial year:	247,000	160,000

Balance sheet

As at 31 March 2025

	Notes	2025	2024
		£	£
Called up share capital not paid:		0	0
Fixed assets
Intangible assets:		0	0
Tangible assets:	3	37,000	31,000
Investments:	4	934,000	935,000
Total fixed assets:		971,000	966,000
Current assets
Stocks:	5	11,106,000	5,910,000
Debtors:	6	5,773,000	3,362,000
Cash at bank and in hand:		887,000	789,000
Investments:		0	0
Total current assets:		17,766,000	10,061,000
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	7	( 727,000 )	( 475,000 )
Net current assets (liabilities):		17,039,000	9,586,000
Total assets less current liabilities:		18,010,000	10,552,000
Creditors: amounts falling due after more than one year:	8	( 9,211,000 )	( 2,000,000 )
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		8,799,000	8,552,000
Capital and reserves
Called up share capital:		2,000,000	2,000,000
Share premium account:		0	0
Other reserves:		0	0
Profit and loss account:		6,799,000	6,552,000
Total Shareholders' funds:		8,799,000	8,552,000

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover and revenue recognition Turnover represents rental income (less loss of rent due to voids) and other charges receivable, outright sales of properties and other income and is recognised in relation to the period when the goods and services have been supplied. Rental income is recognised when the property is available for let. Sales of properties developed for outright sale are included in turnover and cost of sales

  Tangible fixed assets depreciation policy

  Investment properties Having sold all of its other investment properties in prior years, Pelham Homes has a share in one final shared equity property that it intends to sell in 2025/26. Any changes in fair value are recognised in the Statement of Comprehensive Income

  Valuation information and policy

  Valuation of stock The Company is holding stock under construction in relation to its active development sites. The valuation of the stock has been reviewed with reference to latest scheme appraisals for the developments. This review has concluded that the valuation of stock is supported.

  Other accounting policies

  Recognition of future Gift Aid Service charges Loan Interest Costs Provision for Bad Debts Corporation tax & VAT Shared equity properties Fixed Asset Investments

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	0	0