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Registered number: 11334244
| Citadel Homes (DV2) Limited Financial statements Information for filing with the registrar 31 March 2025 |
Citadel Homes (DV2) Limited
Balance sheet At 31 March 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 2 |  | -
|  |  | 2 |  | -
Current assets |  |  |  |  |
Stocks |  | 3,249,708 |  | - |
Debtors | 5 | 2 |  | 2 |
Cash at bank and in hand |  | 65,000 |  | - |
|  | 3,314,710 |  | 2 |
Creditors: amounts falling due within one year | 6 | (3,275,770) |  | - |
Net current assets |  |  | 38,940 |  | 2
Total assets less current liabilities |  |  | 38,942 |  | 2
Net assets |  |  | 38,942 |  | 2
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | 38,940 |  | -
Shareholders' funds |  |  | 38,942 |  | 2
1
Citadel Homes (DV2) Limited
Balance sheet (continued) At 31 March 2025 The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2025.
D T Montgomery
Director
Company registered number: 11334244 The notes on pages 3 to 5 form part of these financial statements. 2
Citadel Homes (DV2) Limited
Notes to the financial statements Year ended 31 March 2025
1. | General information
Citadel Homes (DV2) Limited (the company) is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is given in the company information page of these financial statements. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
| 2.2 | Revenue
Revenue represents the total value of land sales, excluding Value Added Tax, made during the year. Turnover and profit on sales of land, properties and freehold interests are included in the accounts where completion has taken place by the end of the financial year.
| 2.3 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
| 2.4 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
| 2.5 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.6 | Stocks
Stock and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Management assess the costs held and, where required, will book a provision against the stock. Land is recognised in stock when the significant risks and rewards of ownership have been transferred to the company. 3
Citadel Homes (DV2) Limited
Notes to the financial statements Year ended 31 March 2025 2.Accounting policies (continued)
| 2.7 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
3. | Employees
| The company has no employees other than the director, who did not receive any remuneration.
4. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost |
| Additions | 2
| At 31 March 2025 | 2
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Called up share capital not paid | 2 | 2
|  | 2 | 2
6. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 3,260,588 | -
| Corporation tax | 12,980 | -
| Other creditors | 2 | -
| Accruals and deferred income | 2,200 | -
|  | 3,275,770 | -
4
Citadel Homes (DV2) Limited
Notes to the financial statements Year ended 31 March 2025
7. | Related party transactions
| As a wholly-owned subsidiary undertaking, the company is exempt from disclosing transactions with its parent company and other wholly-owned subsidiary undertakings within the same group.
5