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COMPANY REGISTRATION NUMBER: 10078346

Vesey Homes Limited

Filleted Unaudited Financial Statements

31 August 2025

Vesey Homes Limited

Statement of Financial Position

31 August 2025

| 31 Aug 25 | 31 Mar 24
Note | £ | £

Fixed assets

Tangible assets | 5 | – | 120,243

Current assets

Debtors | 6 | 200 | 204
Cash at bank and in hand | 6,171 | 37,020
| ------- | --------
| 6,371 | 37,224

Creditors: amounts falling due within one year | 7 | 1,500 | –
| ------- | --------
Net current assets | 4,871 | 37,224
| ------- | ---------
Total assets less current liabilities | 4,871 | 157,467

Creditors: amounts falling due after more than one year | 8 | 24 | 88,012

Provisions | 9 | – | ( 89)
| ------- | ---------
Net assets | 4,847 | 69,544
| ------- | ---------

Capital and reserves

Called up share capital | 10 | 100 | 100
Profit and loss account | 4,747 | 69,444
| ------- | --------
Shareholders funds | 4,847 | 69,544
| ------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Vesey Homes Limited

Statement of Financial Position (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 21 October 2025 , and are signed on behalf of the board by:

Mr M McEvoy
Director

Company registration number: 10078346

Vesey Homes Limited

Notes to the Financial Statements

Period from 1 April 2024 to 31 August 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 332 Boldmere Road, Boldmere, Sutton Coldfield, West Midlands, B73 5EU, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
This set of financial statements is not entirely comparable with the prior period as the reporting period was extended by 5 months to 17 month (2024: 12 months).
Going concern
The company ceased trading on 31 August 2025 following the sale of the investment property during the financial period, and the directors intend to dissolve the company within 12 months following the signing date of this set of financial statements.
Disclosure exemptions
The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the services rendered is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Investment property is measured at fair value as required by FRS 102. All revaluation gains are taken directly to the statement of income and retained earnings.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year including officers amounted to 4 (2024: 4).
5. Tangible assets

| Investment property
| £
Cost |
At 1 April 2024 | 120,243
Disposals | ( 120,243)
| ---------
At 31 August 2025 | –
| ---------
Depreciation |
At 1 April 2024 and 31 August 2025 | –
| ---------
Carrying amount |
At 31 August 2025 | –
| ---------
At 31 March 2024 | 120,243
| ---------

6. Debtors

| 31 Aug 25 | 31 Mar 24
| £ | £
Prepayments and accrued income | 200 | 204
| ---- | ----

7. Creditors: amounts falling due within one year

| 31 Aug 25 | 31 Mar 24
| £ | £
Accruals and deferred income | 1,500 | –
| ------- | ----

8. Creditors: amounts falling due after more than one year

| 31 Aug 25 | 31 Mar 24
| £ | £
Bank loans and overdrafts | – | 87,988
Directors' loan accounts | 24 | 24
| ---- | --------
| 24 | 88,012
| ---- | --------

The bank loans are secured against the freehold properties.
9. Provisions

| Deferred tax
| £
At 1 April 2024 | ( 89)
Additions | 89
| ----
At 31 August 2025 | –
| ----

10. Called up share capital
Issued, called up and fully paid

| 31 Aug 25 | 31 Mar 24
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----