Featherstone Homes (Southeast) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09807106

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,671		10,661

			10,671		10,661
CURRENT ASSETS
Stocks	5	6,480,000		6,400,000
Debtors	6	3,436,737		3,439,067
Cash at bank and in hand		5,582		314,288

		9,922,319		10,153,355
Creditors: Amounts Falling Due Within One Year	7	(9,667,239 )		(9,853,720 )

NET CURRENT ASSETS (LIABILITIES)			255,080		299,635

TOTAL ASSETS LESS CURRENT LIABILITIES			265,751		310,296

Creditors: Amounts Falling Due After More Than One Year	8		(33,092 )		(36,518 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,668 )		(2,026 )

NET ASSETS			229,991		271,752

CAPITAL AND RESERVES
Called up share capital	9		4		4
Profit and Loss Account			229,987		271,748

SHAREHOLDERS' FUNDS			229,991		271,752

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Featherstone Homes (Southeast) Ltd

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 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 Rowan Stewart

Director

31/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Featherstone Homes (Southeast) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09807106 . The registered office is Angels House, 5 Albemarle Road, Beckenham, Kent, BR3 5HZ.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% on reducing basis
Fixtures & Fittings	15% on reducing basis
Computer Equipment	15% on reducing basis

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. 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 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.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Featherstone Homes (Southeast) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 5)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2023	847	694	18,788	20,329
Additions	-	-	1,890	1,890

As at 31 October 2024	847	694	20,678	22,219

Depreciation
As at 1 November 2023	127	471	9,070	9,668
Provided during the period	108	33	1,739	1,880

As at 31 October 2024	235	504	10,809	11,548

Net Book Value
As at 31 October 2024	612	190	9,869	10,671

As at 1 November 2023	720	223	9,718	10,661

5. Stocks

	2024	2023
	£	£
Work in progress	6,480,000	6,400,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,697,540	2,697,540
Prepayments and accrued income	2,648	2,851
Other debtors	2,500	2,500
Intercompany	695,633	679,078
VAT	38,416	57,098

	3,436,737	3,439,067

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Featherstone Homes (Southeast) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,062,615	1,277,256
Bank loans and overdrafts	6,021	6,003
Other taxes and social security	14,714	8,743
Other creditors	1,119,819	770,591
Inter-company	6,759,879	6,705,108
Accruals and deferred income	304,448	876,093
Directors' loan accounts	399,743	209,926

	9,667,239	9,853,720

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

	2024	2023
	£	£
Bank loans	33,092	36,518

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	4	4

10. Related Party Transactions

Included in Other Debtors are the following amounts owed to each company, all of which are under the control of the directors Mr A Major, Mr G Seaman, Mr R Stewart & Mr A Waters.

Balham Developments South East Limited - £124,752 (2024 - £123,852)

Featherstone Homes Peckham Management Co - £587 (2024 - £587)

Featherstone Homes SE25 Limited - £15,540 (2024 - £15,540)

Featherstone Peckham Properties Limited - £83,408 (2024 - £83,408)

Leytonstone Road Management Ltd - £141 (2024 - £0)

Lynton Road SE1 Developments Limited - £34,560 (2024 - £32,530)

Silwood Street Developments Limited - £418,634 (2024 - £417,434)

Wadhurst Developments Limited - £12,958 (2024 - £0)

Included in Other Creditors are the following amounts owed to each company, all of which are under the control of the directors Mr A Major, Mr G Seaman, Mr R Stewart & Mr A Waters.

223 Streatham Road Developments Ltd - £1,231,831 (2024 - £1,234,634)

Avignon Road Developments Ltd - £218,299 (2024 - £219,599)

Catford Mews Limited - £102,658 (2024 - £102,658)

East Dulwich Station Developments Ltd - £276 (2024 - £1,566)

Featherstone Group Holdings Southeast Limited - £2,013,805 (2024 - £1,936,387)

Featherstone Homes Development South East Ltd - £30,136 (2024 - £26,277)

Leytonstone Road Properties Ltd - £548,770 (2024 - £560,770)

London Road Mitcham Developments Limited - £20,728 (2024 - £5,727 Debtor)

Peckham Station Commercial Limited - £90,720 (2024 - £91,574)

Peckham Station Dev Limited - £415,951 (2024 - £415,951)

South End Road Developments Ltd - £993,527 (2024 - £995,727)

...CONTINUED

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Featherstone Homes (Southeast) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

10. Related Party Transactions - continued

Wandle Wimbledon Developments Limited - £1,093,176 (2024 - £1,119,964)

Included in the Other Creditors are the following amounts owed to the following directors where no interest is to be charged.

Mr A Major - £68,310 (2024 - £28,801)

Mr G Seaman - £96,941 (2024 - £96,941)

Mr R Stewart - £124,681 (2024 - £26,830)

Mr A Waters - £109,811 (2024 - £57,353)

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