2C Homes Limited - Filleted accounts

Registered number

02137550

2C Homes Limited

Filleted Accounts

31 March 2025

2C Homes Limited
Registered number:		02137550
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		40,589			23,447
Investments	4		4,851,399			4,851,399
			4,891,988			4,874,846

Current assets
Debtors	5	1,430,064			1,434,762
Cash at bank and in hand		91,585			131,603
		1,521,649			1,566,365

Creditors: amounts falling due within one year	6	(291,936)			(283,544)

Net current assets			1,229,713			1,282,821

Total assets less current liabilities			6,121,701			6,157,667

Creditors: amounts falling due after more than one year	7		(2,407,834)			(2,447,339)

Provisions for liabilities			(504,409)			(504,409)


Net assets			3,209,458			3,205,919

Capital and reserves
Called up share capital			64			64
Revaluation reserve	8		406,119			406,119
Profit and loss account			2,803,275			2,799,736

Shareholders' funds			3,209,458			3,205,919

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




K TOUSSIMANESH
Director
Approved by the board on 17.11.25

2C Homes Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over the lease term
	Plant and machinery			15% - 25% straight line
	Fixtures, fittings, tools and equipment			25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	1		23,448		35,292		58,741
	Additions	-		2,714		22,670		25,384
	At 31 March 2025	1		26,162		57,962		84,125

	Depreciation
	At 1 April 2024	-		23,070		12,224		35,294
	Charge for the year	-		1,057		7,185		8,242
	At 31 March 2025	-		24,127		19,409		43,536

	Net book value
	At 31 March 2025	1		2,035		38,553		40,589
	At 31 March 2024	1		378		23,068		23,447


4	Investments
Investments in
subsidiary					Other
undertakings					investments		Total
£					£		£
	Cost
	At 1 April 2024			57,144		4,794,255		4,851,399

	At 31 March 2025			57,144		4,794,255		4,851,399


5	Debtors					2025		2024
£							£

	Other debtors					1,430,064		1,434,762


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					37,353		31,626
	Taxation and social security costs					21,879		7,035
	Other creditors					232,704		244,883
						291,936		283,544


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					2,407,834		2,447,339


8	Revaluation reserve					2025		2024
£							£

	At 1 April 2024					406,119		613,275
	Loss on revaluation					-		(207,156)

	At 31 March 2025					406,119		406,119


9	Other information

	2C Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
	5-6 CLIFTON DOWN ROAD
	BRISTOL