UNICUS HOMES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O T Brockley

R M Palmer

M T Ward

W J Hughes

REGISTERED OFFICE:

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

REGISTERED NUMBER:

13528573 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Tangible assets

4

1,651

2,201

Investments

5

100

-

1,751

2,201

CURRENT ASSETS

Stocks

-

660,976

Debtors

6

798,711

792,145

Cash at bank

-

12,230

798,711

1,465,351

CREDITORS

Amounts falling due within one year

7

698,632

1,492,440

NET CURRENT ASSETS/(LIABILITIES)

100,079

(27,089

)

TOTAL ASSETS LESS CURRENT LIABILITIES

101,830

(24,888

)

PROVISIONS FOR LIABILITIES

8

400

-

NET ASSETS/(LIABILITIES)

101,430

(24,888

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

101,330

(24,988

)

101,430

(24,888

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 31 October 2025 and were signed on its behalf by:

O T Brockley - Director

1.	STATUTORY INFORMATION

Unicus Homes Ltd 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents amounts receivable from the sale of properties in the ordinary course of business, net of value added tax, rebates, and discounts.

Revenue is recognised when the significant risks and rewards of ownership have been transferred to the buyer, which typically occurs on legal completion of the sale.

Turnover is measured at the fair value of the consideration received or receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost comprises the purchase price of land and property, direct development and construction costs, and attributable overheads. Cost is determined on a specific identification basis for each development.

Net realisable value is the estimated selling price in the ordinary course of business, less estimated costs to complete and sell.

When the net realisable value of a property falls below its cost, the asset is written down to net realisable value. Any write-downs are recognised as an expense in the profit and loss account in the period in which they are identified.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

5,000

216

5,216

DEPRECIATION

At 1 April 2024

2,891

124

3,015

Charge for year

527

23

550

At 31 March 2025

3,418

147

3,565

NET BOOK VALUE

At 31 March 2025

1,582

69

1,651

At 31 March 2024

2,109

92

2,201

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

798,711

762,578

Other debtors

-

29,567

798,711

792,145

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

89

2,280

Taxation and social security

207

-

Other creditors

698,336

1,490,160

698,632

1,492,440

8.	PROVISIONS FOR LIABILITIES

2025

£

Deferred tax

400

Deferred

tax

£

Balance at 1 April 2024

(1,000

)

Provided during year

1,400

Balance at 31 March 2025

400

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

30

Ordinary A

£1

30

30

30

Ordinary B

£1

30

30

30

Ordinary C

£1

30

30

10

Ordinary D

£1

10

10

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, £695,219 (2024: £1,394,907) was due to directors of the company. These amounts are repayable on demand. During the year, interest was charged at £Nil (2024: £5,897).

11.	RELATED PARTY DISCLOSURES

At the year end, £nil (2024: £25,000) was due from companies controlled by directors. These amounts are interest-free and repayable on demand.