REGISTERED NUMBER: 10468234 (England and Wales)

Financial Statements

for the Year Ended 29 March 2025

for

Innswood Homes Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

G M Monks

A Wells

REGISTERED OFFICE:

c/o Parker Cavendish, Suite 301

Stanmore Business and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

REGISTERED NUMBER:

10468234 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Tangible assets

4

14,400

21,601

CURRENT ASSETS

Stocks

1,646,691

1,646,691

Debtors

5

667

2,904

Cash at bank

57,015

326,509

1,704,373

1,976,104

CREDITORS

Amounts falling due within one year

6

(1,025,724

)

(1,308,893

)

NET CURRENT ASSETS

678,649

667,211

TOTAL ASSETS LESS CURRENT LIABILITIES

693,049

688,812

CREDITORS

Amounts falling due after more than one year

7

(472,029

)

(481,876

)

NET ASSETS

221,020

206,936

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

220,920

206,836

SHAREHOLDERS' FUNDS

221,020

206,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 16 December 2025 and were signed on its behalf by:

A Wells - Director

1.	STATUTORY INFORMATION

Innswood 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, excluding discounts, rebate, value added tax and other sales taxes.

Rental income is recognised over the period of the tenancy agreement.

Sale of properties held in stock is recognised on exchange of contracts.

Tangible fixed assets

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

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 30 March 2024

and 29 March 2025

36,003

DEPRECIATION

At 30 March 2024

14,402

Charge for year

7,201

At 29 March 2025

21,603

NET BOOK VALUE

At 29 March 2025

14,400

At 29 March 2024

21,601

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

667

2,904

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

-

6,766

Taxation and social security

35,243

29,963

Other creditors

980,481

1,262,164

1,025,724

1,308,893

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

450,691

456,664

Hire purchase contracts

21,338

25,212

472,029

481,876

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

428,838

428,838

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

428,838

428,838

Landbay Partners Limited hold a legal charge over one of the properties held in stock.

9.	RELATED PARTY DISCLOSURES

Included within other creditors at the year end is an aggregate amount of £739,731 (2024: £1,019,730) due to the directors, G M Monks and A Wells. This amount has been provided unsecured, interest free and is repayable on demand.