REGISTERED NUMBER: 07427011 (England and Wales)

APPROACH COMMUNITY HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr J Bailey

Miss E J Brook

REGISTERED OFFICE:

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

REGISTERED NUMBER:

07427011 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

BANK:

HSBC Bank,

114 High St,

Stourbridge,

West Midlands,

DY8 1DZ

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Approach Community Homes Limited for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Approach Community Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Approach Community Homes Limited and state those matters that we have agreed to state to the Board of Directors of Approach Community Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Approach Community Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Approach Community Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Approach Community Homes Limited. You consider that Approach Community Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Approach Community Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

8 December 2025

FIXED ASSETS

Tangible assets

4

483,837

472,131

Investments

5

3

3

483,840

472,134

CURRENT ASSETS

Debtors

6

781,252

789,653

Cash at bank

21,273

15,546

802,525

805,199

CREDITORS

Amounts falling due within one year

7

1,440,542

1,523,008

NET CURRENT LIABILITIES

(638,017

)

(717,809

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(154,177

)

(245,675

)

PROVISIONS FOR LIABILITIES

20,835

20,835

NET LIABILITIES

(175,012

)

(266,510

)

CAPITAL AND RESERVES

Called up share capital

110

110

Revaluation reserve

8

202,550

202,550

Retained earnings

(377,672

)

(469,170

)

SHAREHOLDERS' FUNDS

(175,012

)

(266,510

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mr J Bailey - Director

1.	STATUTORY INFORMATION

Approach Community 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets

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

Freehold property

-

not depreciated

Motor vehicles

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

property

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 November 2024

450,000

42,542

492,542

Additions

-

20,165

20,165

At 31 October 2025

450,000

62,707

512,707

DEPRECIATION

At 1 November 2024

-

20,411

20,411

Charge for year

-

8,459

8,459

At 31 October 2025

-

28,870

28,870

NET BOOK VALUE

At 31 October 2025

450,000

33,837

483,837

At 31 October 2024

450,000

22,131

472,131

Cost or valuation at 31 October 2025 is represented by:

Freehold

Motor

property

vehicles

Totals

£

£

£

Valuation in 2014

77,550

-

77,550

Valuation in 2021

125,000

-

125,000

Cost

247,450

62,707

310,157

450,000

62,707

512,707

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

and 31 October 2025

3

NET BOOK VALUE

At 31 October 2025

3

At 31 October 2024

3

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

677,650

654,920

Other debtors

103,602

134,733

781,252

789,653

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,500

4,500

Amounts owed to group undertakings

155,858

118,597

Taxation and social security

2,662

3,264

Other creditors

1,277,522

1,396,647

1,440,542

1,523,008

8.

RESERVES

Revaluation

reserve

£

At 1 November 2024

and 31 October 2025

202,550

9.	RELATED PARTY DISCLOSURES

The company has three wholly owned subsidiaries, Milton House (ACH) Limited, Merrimore House Limited and Fullwood House (ACH) Limited.

During the year Approach Community Homes Limited received management fees of £62,350 (2024: £67,300) from Milton House (ACH) Limited, £113,030 (2024: £145,000) from Merrimore House Limited and £257,000 (2024 : £184,000) from Fullwood House (ACH) Limited.

At the balance sheet date Approach Community Homes Limited was owed £3,012 (2024: £3,012) by Merrimore House Limited and £674,638 (2024: £651,908) by Milton House (ACH) Limited. Approach Community Homes Limited owed £155,858 (2024: £118,598) to Fullwood House (ACH) Limited.