REGISTERED NUMBER: 09966821 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

KYME HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Wright

D P Greeves

REGISTERED OFFICE:

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

REGISTERED NUMBER:

09966821 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

17,937

20,442

CURRENT ASSETS

Work in progress

5

858,963

1,445,216

Debtors

6

48,978

37,769

Cash at bank

157,302

57,381

1,065,243

1,540,366

CREDITORS

Amounts falling due within one year

7

483,301

884,480

NET CURRENT ASSETS

581,942

655,886

TOTAL ASSETS LESS CURRENT LIABILITIES

599,879

676,328

PROVISIONS FOR LIABILITIES

4,484

5,111

NET ASSETS

595,395

671,217

CAPITAL AND RESERVES

Called up share capital

500,100

400,100

Retained earnings

95,295

271,117

SHAREHOLDERS' FUNDS

595,395

671,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by:

N J Wright - Director

D P Greeves - Director

1.	STATUTORY INFORMATION

Kyme Homes Limited is a private company, limited by shares, registered in England. The company's registered number is 09966821. The company's registered office is Beckside Court, Annie Reed Road, Beverley, East Yorkshire HU17 0LF.

The presentational currency of the financial statements is 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.

Turnover

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

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 etc

-

25% on cost and 20% on cost

Work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

52,972

Additions

11,883

Disposals

(22,469

)

At 31 January 2025

42,386

DEPRECIATION

At 1 February 2024

32,530

Charge for year

12,515

Eliminated on disposal

(20,596

)

At 31 January 2025

24,449

NET BOOK VALUE

At 31 January 2025

17,937

At 31 January 2024

20,442

5.	WORK IN PROGRESS

2025

2024

£

£

Work-in-progress

858,963

1,445,216

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

20,000

-

Other debtors

100

100

Tax

-

1,154

VAT

28,878

36,515

48,978

37,769

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

300,000

300,000

Trade creditors

100,905

70,337

Amounts owed to group undertakings

-

440,000

Tax

554

3,695

Social security and other taxes

4,820

2,492

Directors' current accounts

26,752

33,889

Accruals and deferred income

50,270

34,067

483,301

884,480

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

6,938

-

Between one and five years

9,250

-

16,188

-

9.	RELATED PARTY DISCLOSURES