REGISTERED NUMBER: 09240127 (England and Wales)

Report of the Directors and

Unaudited Consolidated Financial Statements

for the Year Ended 31 January 2025

for

Asquith Homes Limited

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

5

Consolidated Statement of Changes in Equity

7

Company Statement of Changes in Equity

8

Notes to the Consolidated Financial Statements

9

DIRECTORS:

Mr P J Gannon

Mrs M D Gannon

Ms B A Hutcheson

Mrs V L Mudie

Mr A P Mudie

SECRETARY:

Mr P J Gannon

REGISTERED OFFICE:

64 Wellington Road

Edgbaston

Birmingham

B15 2ET

REGISTERED NUMBER:

09240127 (England and Wales)

ACCOUNTANTS:

Freedman Frankl & Taylor

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2024 to the date of this report.

Mr P J Gannon

Mrs M D Gannon

Ms B A Hutcheson

Mrs V L Mudie

Mr A P Mudie

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr P J Gannon - Director

21 November 2025

TURNOVER

46,718

42,111

Administrative expenses

(8,258

)

(10,145

)

OPERATING PROFIT

38,460

31,966

Income from fixed asset investments

-

675

Interest receivable and similar income

9,870

3,850

PROFIT BEFORE TAXATION

48,330

36,491

Tax on profit

(11,270

)

(8,335

)

PROFIT FOR THE FINANCIAL YEAR

37,060

28,156

Profit attributable to:

Owners of the parent

37,060

28,156

FIXED ASSETS

Tangible assets

5

48,333

48,333

Investments

6

25

25

Investment property

7

874,895

874,895

923,253

923,253

CURRENT ASSETS

Debtors

8

105,060

95,564

Cash at bank and in hand

347,450

352,341

452,510

447,905

CREDITORS

Amounts falling due within one year

9

(886,391

)

(918,846

)

NET CURRENT LIABILITIES

(433,881

)

(470,941

)

TOTAL ASSETS LESS CURRENT LIABILITIES

489,372

452,312

CAPITAL AND RESERVES

Called up share capital

450

450

Share premium

31,065

31,065

Retained earnings

457,857

420,797

489,372

452,312

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

Mr P J Gannon - Director

FIXED ASSETS

Tangible assets

5

-

-

Investments

6

351

351

Investment property

7

-

-

351

351

CURRENT ASSETS

Debtors

8

341,741

359,640

Cash at bank and in hand

93,874

102,871

435,615

462,511

CREDITORS

Amounts falling due within one year

9

(44,137

)

(74,392

)

NET CURRENT ASSETS

391,478

388,119

TOTAL ASSETS LESS CURRENT LIABILITIES

391,829

388,470

CAPITAL AND RESERVES

Called up share capital

450

450

Retained earnings

391,379

388,020

391,829

388,470

Company's profit for the financial year

3,359

2,537

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

Mr P J Gannon - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 February 2023

450

422,791

31,065

454,306

Changes in equity

Dividends

-

(30,150

)

-

(30,150

)

Total comprehensive income

-

28,156

-

28,156

Balance at 31 January 2024

450

420,797

31,065

452,312

Changes in equity

Total comprehensive income

-

37,060

-

37,060

Balance at 31 January 2025

450

457,857

31,065

489,372

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2023

450

415,633

416,083

Changes in equity

Dividends

-

(30,150

)

(30,150

)

Total comprehensive income

-

2,537

2,537

Balance at 31 January 2024

450

388,020

388,470

Changes in equity

Total comprehensive income

-

3,359

3,359

Balance at 31 January 2025

450

391,379

391,829

1.	STATUTORY INFORMATION

Asquith Homes Limited 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 General 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.

Basis of consolidation

The Group financial statements consist of Asquith Homes Limited (the parent company), Asquith House Limited, 101 Bath Street Limited, No.10 Clement Street Limited, The Coach House No 10 Limited and Ainsworth Street Limited.

Other investments

The group hold 25% of the ordinary share capital of Storm Property Limited, a company registered in England and Wales. The group does not exercise any significant influence of its financial and operating policies. Although the proportion of its shareholding indicates a participating interest, it is treated as an investment and not an associated company.

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

No depreciation is provided on the long leasehold assets because the directors expect the residual value to be greater than or equal to cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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.

Going concern

The financial statements for the year ended 31 January 2025 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company and group have adequate resources to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

5.	TANGIBLE FIXED ASSETS

Group

Long

leasehold

£

COST

At 1 February 2024

and 31 January 2025

48,333

NET BOOK VALUE

At 31 January 2025

48,333

At 31 January 2024

48,333

6.	FIXED ASSET INVESTMENTS

Group

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

25

NET BOOK VALUE

At 31 January 2025

25

At 31 January 2024

25

Company

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

326

25

351

NET BOOK VALUE

At 31 January 2025

326

25

351

At 31 January 2024

326

25

351

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Asquith House Limited

Registered office: England & Wales

Nature of business: Buying and selling of property

%

Class of shares:

holding

Ordinary shares

100.00

101 Bath Street Limited

Registered office: England & Wales

Nature of business: Personal service activities

%

Class of shares:

holding

Ordinary shares

100.00

No 10 Clement Street Limited

Registered office: England & Wales

Nature of business: Professional scientific technical services

%

Class of shares:

holding

Ordinary shares

100.00

The Coach House No 10 Limited

Registered office: England & Wales

Nature of business: Dormant

%

Class of shares:

holding

Ordinary shares

100.00

Ainsworth Street Limited

Registered office:

Nature of business: Buying and selling of property

%

Class of shares:

holding

Ordinary

100.00

7.	INVESTMENT PROPERTY

Group

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

874,895

NET BOOK VALUE

At 31 January 2025

874,895

At 31 January 2024

874,895

The directors do not consider the market value of the investment properties to be materially different from the value as stated in the financial statements at 31 January 2025.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade debtors

15,876

5,730

-

-

Amounts owed by group undertakings

-

-

339,555

357,641

Other debtors

89,184

89,834

2,186

1,999

105,060

95,564

341,741

359,640

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade creditors

171,644

172,291

351

838

Taxation and social security

11,270

9,145

788

437

Other creditors

703,477

737,410

42,998

73,117

886,391

918,846

44,137

74,392

10.	RELATED PARTY DISCLOSURES

Other debtors includes an amount of £82,000 (2024: £82,000) due from a company which is controlled by shareholders of this company.

Other creditors due after more than one year includes an amount of £400,421 (2024 £430,571) due to existing shareholders.

11.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the shareholders.