REGISTERED NUMBER: 10214215 (England and Wales)

LONG MYND HOMES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I R Anderson

M Nicholas

REGISTERED OFFICE:

Glencoe Yard

Walford Heath

Shrewsbury

Shropshire

SY4 3AZ

REGISTERED NUMBER:

10214215 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

46,730

53,555

CURRENT ASSETS

Stocks

2,267,178

1,663,702

Debtors

5

42,861

18,967

Cash at bank

13,258

18,474

2,323,297

1,701,143

CREDITORS

Amounts falling due within one year

6

1,149,529

407,314

NET CURRENT ASSETS

1,173,768

1,293,829

TOTAL ASSETS LESS CURRENT LIABILITIES

1,220,498

1,347,384

CREDITORS

Amounts falling due after more than one year

7

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

(1,980

)

(1,762

)

NET ASSETS

1,213,518

1,330,622

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,213,418

1,330,522

SHAREHOLDERS' FUNDS

1,213,518

1,330,622

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th November 2025 and were signed on its behalf by:

I R Anderson - Director

1.	STATUTORY INFORMATION

Long Mynd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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

Plant and

machinery

£

COST

At 1st April 2024

55,600

Additions

1,421

At 31st March 2025

57,021

DEPRECIATION

At 1st April 2024

2,045

Charge for year

8,246

At 31st March 2025

10,291

NET BOOK VALUE

At 31st March 2025

46,730

At 31st March 2024

53,555

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

27,418

-

Directors' current accounts

50

50

VAT

15,393

18,917

42,861

18,967

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

664,350

10,000

Trade creditors

55,983

55,125

Corporation Tax

168,397

237,136

Social security and other taxes

8,655

3,015

Other creditors

250,523

100,523

Accrued expenses

1,621

1,515

1,149,529

407,314

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-5 years

5,000

15,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

As at 31 March 2025 the balance on the directors loan accounts were as follows:

Mr M Nicholas

£50 overdrawn (31 March 2024: £50 overdrawn)

At the year end, the company owed £250,523 (31 March 2024: £100,523) to companies under the control of the directors.