Registration number: 13775931

Stinders Homes Construction Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Stinders Homes Construction Limited

(Registration number: 13775931)
Balance Sheet as at 31 December 2024

	Note	2024 £	2024 £
Fixed assets
Tangible assets	4	677,344	839,614
Current assets
Debtors	5	2,846,963	1,963,657
Cash at bank and in hand		5,421	1,860
		2,852,384	1,965,517
Creditors: Amounts falling due within one year	6	(3,041,764)	(2,202,401)
Net current liabilities		(189,380)	(236,884)
Total assets less current liabilities		487,964	602,730
Creditors: Amounts falling due after more than one year	6	(268,444)	(395,232)
Provisions for liabilities		(169,336)	(209,904)
Net assets/(liabilities)		50,184	(2,406)
Capital and reserves
Called up share capital		1	1
Retained earnings		50,183	(2,407)
Shareholders' funds/(deficit)		50,184	(2,406)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Stinders Homes Construction Limited

(Registration number: 13775931)
Balance Sheet as at 31 December 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mr A P Cavanagh Director

Stinders Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
M5 4ZG
UK

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Disclosure of long or short period

These accounts are for the period 1 April 2024 to 31 December 2024 which is a short period. The reason for this change is due to a change of ownership at the period end. The directors beleive that the change of year end will provide more useful information. The prior period was a period of 12 months, therefore not directly comparable.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the parent company.The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Stinders Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 December 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Furniture, fittings and equipment	Various rates
Motor vehicles	25% reducing balance

Stinders Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 7 (2024 - 8).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Plant & machinery £	Total £
Cost or valuation
At 1 April 2024	9,430	55,095	1,107,324	1,171,849
Additions	4,590	-	-	4,590
Disposals	(14,020)	-	-	(14,020)
At 31 December 2024	-	55,095	1,107,324	1,162,419
Depreciation
At 1 April 2024	3,469	13,880	314,886	332,235
Charge for the period	2,487	7,727	148,582	158,796
Eliminated on disposal	(5,956)	-	-	(5,956)
At 31 December 2024	-	21,607	463,468	485,075
Carrying amount
At 31 December 2024	-	33,488	643,856	677,344
At 31 March 2024	5,961	41,215	792,438	839,614

Assets held under finance leases and hire purchase contracts

The net carrying amount of tangible assets includes £418,392 (2024: £514,944) in respect of assets held under finance leases and hire purchase contracts.

Stinders Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 December 2024

5

Debtors

	2024 £	2024 £
Prepayments and accrued income	2,830,570	1,874,963
Other debtors	16,393	88,694
	2,846,963	1,963,657

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2024 £
Due within one year
Hire purchase	159,824	159,824
Trade creditors	2,176	1,185
Owed to group undertakings	2,775,841	1,732,375
Taxation and social security	9,642	16,686
Accruals and deferred income	93,387	287,918
Other creditors	894	4,413
	3,041,764	2,202,401

Creditors: amounts falling due after more than one year

	2024 £	2024 £
Due after one year
Hire purchase	268,444	395,232

Stinders Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 December 2024

7	Hire purchase

Non-current loans and borrowings

	2024 £	2024 £
Hire purchase contracts	268,444	395,232

Current loans and borrowings

	2024 £	2024 £
Hire purchase contracts	159,824	159,824

Hire purchase contracts are secured against the assets to which they relate, the carrying value of these assets has been detailed within the note on tangible assets.

8	Parent and ultimate parent undertaking

The company's immediate parent is Stinders Homes Limited, a company incorporated in England and Wales, company number 13691062, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.

The ultimate parent company is Salboy Limited, incorporated in England and Wales, company number 09123542, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.

The shareholders of Salboy Limited are considered to be the controlling parties.

The company has taken advantage of the exemption from disclosure of intra group transactions in accordance with FRS102 paragraph 33.1A.