REGISTERED NUMBER: 07981146 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BLAKENEY HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P F Doyle

Mr J D Doyle

REGISTERED OFFICE:

4 Water End Barns

Eversholt

Milton Keynes

Bedfordshire

MK17 9EA

REGISTERED NUMBER:

07981146 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

4

199,580

18,719

CURRENT ASSETS

Stocks

5

703,600

3,538,303

Debtors

6

3,663,853

2,423,469

Cash at bank

424,853

1,032,118

4,792,306

6,993,890

CREDITORS

Amounts falling due within one year

7

4,230,480

3,430,867

NET CURRENT ASSETS

561,826

3,563,023

TOTAL ASSETS LESS CURRENT LIABILITIES

761,406

3,581,742

CREDITORS

Amounts falling due after more than one year

8

(141,511

)

(39,702

)

PROVISIONS FOR LIABILITIES

(49,895

)

-

NET ASSETS

570,000

3,542,040

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

569,999

3,542,039

SHAREHOLDERS' FUNDS

570,000

3,542,040

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

Mr P F Doyle - Director

1.	STATUTORY INFORMATION

Blakeney 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 for goods supplied and

services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

Straight line over 3 years

Motor vehicles

-

Straight line over 3 years

Tangible fixed assets are initially measured at cost and subsequently at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Work in progress

Work in progress includes raw materials and consumable stock, land for development, direct labour, other direct costs and related overheads appropriate to the relevant stage of completion. Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Work in progress is recognised as an expense in the period in which the related revenue is recognised.

Taxation

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

62,214

50,073

-

112,287

Additions

-

222,686

631

223,317

At 31 March 2025

62,214

272,759

631

335,604

DEPRECIATION

At 1 April 2024

62,214

31,354

-

93,568

Charge for year

-

42,386

70

42,456

At 31 March 2025

62,214

73,740

70

136,024

NET BOOK VALUE

At 31 March 2025

-

199,019

561

199,580

At 31 March 2024

-

18,719

-

18,719

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

62,214

-

62,214

Additions

-

205,717

205,717

At 31 March 2025

62,214

205,717

267,931

DEPRECIATION

At 1 April 2024

62,214

-

62,214

Charge for year

-

32,084

32,084

At 31 March 2025

62,214

32,084

94,298

NET BOOK VALUE

At 31 March 2025

-

173,633

173,633

At 31 March 2024

-

-

-

5.

STOCKS

2025

2024

£

£

Work-in-progress

703,600

3,538,303

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

28,340

Other debtors

3,543,094

2,384,960

VAT

120,759

10,169

3,663,853

2,423,469

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,500

441,741

Hire purchase contracts (see note 9)

57,877

16,983

Trade creditors

519,680

156,968

Tax

47,771

99,500

Social security and other taxes

675

1,309

Other creditors

2,767,568

1,383,658

Directors' loan accounts

719,734

1,227,033

Accrued expenses

104,675

103,675

4,230,480

3,430,867

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

141,511

39,702

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

57,877

16,983

Between one and five years

141,511

39,702

199,388

56,685

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

12,500

441,741

Hire purchase contracts

199,388

56,685

211,888

498,426

The bank loan is secured by way of fixed and floating charges over the sites in work in progress to which they relate. Hire purchase contracts are secured over the assets to which they relate.

11.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Blakeney Homes Holdings Ltd.

The ultimate controlling party is Mr P F Doyle.