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Company Registration No. 09527973 (England and Wales)
TWH Homes Ltd Unaudited accounts for the year ended 31 March 2025
TWH Homes Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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TWH Homes Ltd Company Information for the year ended 31 March 2025
Directors
Carly Holliday Thomas Holliday
Company Number
09527973 (England and Wales)
Registered Office
Spring Cottage Kelfield York North Yorkshire YO19 6RJ England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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TWH Homes Ltd Accountants' report
Accountants' report to the board of directors of TWH Homes Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TWH Homes Ltd for the year ended 31 March 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of TWH Homes Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of TWH Homes Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TWH Homes Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TWH Homes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TWH Homes Ltd. You consider that TWH Homes Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TWH Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 15 August 2025
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TWH Homes Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,676
2,551
Investment property
5
1,078,324
1,081,574
Investments
6
10
10
1,080,010
1,084,135
Current assets
Debtors
7
11,123
5,900
Cash at bank and in hand
667
5,759
11,790
11,659
Creditors: amounts falling due within one year
8
(78,786)
(112,151)
Net current liabilities
(66,996)
(100,492)
Total assets less current liabilities
1,013,014
983,643
Creditors: amounts falling due after more than one year
9
(798,811)
(798,429)
Provisions for liabilities
Deferred tax
10
(32,001)
-
Net assets
182,202
185,214
Capital and reserves
Called up share capital
75,100
75,100
Revaluation reserve
96,005
131,256
Profit and loss account
11,097
(21,142)
Shareholders' funds
182,202
185,214
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2025 and were signed on its behalf by
Thomas Holliday Director Company Registration No. 09527973
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TWH Homes Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
TWH Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 09527973. The registered office is Spring Cottage, Kelfield, York, North Yorkshire, YO19 6RJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. These gains are unrealised, and hence, unavailable for distribution. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Between 4 and 8 years on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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TWH Homes Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2024
49,710
At 31 March 2025
49,710
Depreciation
At 1 April 2024
47,159
Charge for the year
875
At 31 March 2025
48,034
Net book value
At 31 March 2025
1,676
At 31 March 2024
2,551
5
Investment property
2025
£
Fair value at 1 April 2024
1,081,574
Net loss from fair value adjustments
(3,250)
At 31 March 2025
1,078,324
6
Investments
Subsidiary undertakings
£
Valuation at 1 April 2024
10
Valuation at 31 March 2025
10
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
11,123
5,900
8
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and other participating interests
66,570
62,171
Taxes and social security
6,937
3,464
Other creditors
4,550
5,050
Loans from directors
-
40,737
Accruals
729
729
78,786
112,151
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TWH Homes Ltd Notes to the Accounts for the year ended 31 March 2025
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
749,000
740,935
Other creditors
49,811
57,494
798,811
798,429
Aggregate of amounts that fall due for payment after five years
749,000
740,935
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
10
Deferred taxation
2025
2024
£
£
Revaluation of investment property
32,001
-
2025
2024
£
£
Provision at start of year
-
(5,667)
Charged to the profit and loss account
32,001
5,667
Provision at end of year
32,001
-
11
Transactions with related parties
Included in current liabilities is a balance of £66,570 (2024 - £41,676) owed to TWH2, a 100% subsidiary. The loan is interest-free and repayable on demand.
12
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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