Lacey Homes Ltd


Directors	Donal Baker
	Lesley Baker
	Nicole Baker
	Jazmin Page


Registered Address	28 Bodenham Field
	Abbeymead
	Gloucester
	GL4 5TS


Registered Number	12065281 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		-		854
Investment property	4		539,819		529,385
			539,819		530,239
Current assets
Cash at bank and on hand		55,320		41,628
		55,320		41,628
Creditors amounts falling due within one year	5	(536,947)		(558,277)
Net current assets (liabilities)			(481,627)		(516,649)
Total assets less current liabilities			58,192		13,590
Net assets			58,192		13,590
Capital and reserves
Called up share capital			100		100
Profit and loss account			58,092		13,490
Shareholders' funds			58,192		13,590

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 November 2025, and are signed on its behalf by:

Donal Baker
Director

Lesley Baker
Director

Registered Company No. 12065281

Lacey Homes Ltd

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 policy
	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.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	5
	Fixtures and fittings	5

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		4

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 July 24	5,463	1,215	6,678
At 30 June 25	5,463	1,215	6,678
Depreciation and impairment
At 01 July 24	4,642	1,182	5,824
Charge for year	821	33	854
At 30 June 25	5,463	1,215	6,678
Net book value
At 30 June 25	-	-	-
At 30 June 24	821	33	854

4.	Investment property


		£
	Fair value at 01 July 24	529,385
	Additions	223,664
	Disposals	(213,230)
	At 30 June 25	539,819

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Amounts owed to related parties	519,559	548,958
Taxation and social security	11,413	2,168
Other creditors	5,075	6,075
Accrued liabilities and deferred income	900	1,076
Total	536,947	558,277

6.	Share capital
	Allotted, called up and fully paid 2025 20 Class A shares of £1.00 each £20 (2024: £20) 80 Class B shares of £1.00 each £80 (2024: £80)

7.	Related party transactions
	Included within creditors as at the balance sheet date of £519,559 (2024: £548,958) owed to the directors on their loan account. This balance is subject to interest at HMRC's official rate of interest at 2.25% with no set repayment terms.