REGISTERED NUMBER: 08954744 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Favell Homes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Brebner

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

BUSINESS ADDRESS:

76 Church Way

Weston Favell

Northampton

Northamptonshire

NN3 3BX

REGISTERED NUMBER:

08954744 (England and Wales)

ACCOUNTANTS:

Willsons

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Tangible assets

4

1,445

546

CURRENT ASSETS

Stocks

642,425

642,425

Debtors

5

911,067

339,611

Cash at bank

342,850

843,804

1,896,342

1,825,840

CREDITORS

Amounts falling due within one year

6

627,869

566,743

NET CURRENT ASSETS

1,268,473

1,259,097

TOTAL ASSETS LESS CURRENT LIABILITIES

1,269,918

1,259,643

CREDITORS

Amounts falling due after more than one year

7

2,651

13,091

NET ASSETS

1,267,267

1,246,552

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,267,167

1,246,452

SHAREHOLDERS' FUNDS

1,267,267

1,246,552

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 December 2025 and were signed by:

D J Brebner - Director

1.	STATUTORY INFORMATION

Favell 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 represents the total invoice value, excluding value added tax, of sales made during the period.

Construction contract

When the outcome's of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, then no attributable profit will be recognised until the profitable outcome of the contract can be assessed with reasonable certainty. When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised immediately, with a corresponding provision.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

2,350

3,074

5,424

Additions

-

2,419

2,419

Disposals

-

(1,631

)

(1,631

)

At 31 March 2025

2,350

3,862

6,212

DEPRECIATION

At 1 April 2024

1,944

2,934

4,878

Charge for year

102

788

890

Eliminated on disposal

-

(1,001

)

(1,001

)

At 31 March 2025

2,046

2,721

4,767

NET BOOK VALUE

At 31 March 2025

304

1,141

1,445

At 31 March 2024

406

140

546

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts recoverable on

contracts

903,562

327,529

VAT

5,074

9,760

Prepayments

2,431

2,322

911,067

339,611

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,660

10,167

Trade creditors

30,969

17,099

Corporation Tax

9,413

8,490

Directors' current accounts

552,223

529,641

Deferred income

23,300

-

Accrued expenses

1,304

1,346

627,869

566,743

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

2,651

13,091