Company No: 09829008 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	34,696		50,467
Investments	4	2		2
		34,698		50,469
Current assets
Debtors	5	1,866,452		2,032,178
Cash at bank and in hand	6	37,031		95,831
		1,903,483		2,128,009
Creditors: amounts falling due within one year	7	( 1,089,266)		( 1,044,483)
Net current assets		814,217		1,083,526
Total assets less current liabilities		848,915		1,133,995
Net assets		848,915		1,133,995
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		848,815		1,133,895
Total shareholder's funds		848,915		1,133,995

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Trivselhus UK Limited (registered number: 09829008) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

D Fish Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Trivselhus UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 87 Station Road, Ashington, NE63 8RS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Trivselhus UK Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

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

The company recognises revenue and profit on sale of development of properties at the point of legal completion. Profit is recognised on a plot-by-plot basis, by reference to the margin forecast across the relevant developments site, Due to the development cycle often exceeding one financial year, plot margins are forecast, taking into account the allocation of site-wide developments costs such as infrastructure, and estimates required for the cost of completion of such developments.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	3 years straight line
Vehicles	5 years straight line
Fixtures and fittings	3 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Income Statement over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Leasehold improve- ments		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	23,764		59,752		17,691		75,840		177,047
Disposals	( 23,764)		0		( 17,691)		( 67,833)		( 109,288)
At 31 March 2025	0		59,752		0		8,007		67,759
Accumulated depreciation
At 01 April 2024	23,764		15,934		17,691		69,191		126,580
Charge for the financial year	0		11,950		0		2,426		14,376
Disposals	( 23,764)		0		( 17,691)		( 66,438)		( 107,893)
At 31 March 2025	0		27,884		0		5,179		33,063
Net book value
At 31 March 2025	0		31,868		0		2,828		34,696
At 31 March 2024	0		43,818		0		6,649		50,467

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	2
At 31 March 2025	2
Carrying value at 31 March 2025	2
Carrying value at 31 March 2024	2

5. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	1,848,703		1,830,779
Other debtors	17,749		201,399
	1,866,452		2,032,178

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	37,031		95,831

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	0		250,000
Trade creditors	25,238		67,432
Amounts owed to Group undertakings	649,056		572,775
Taxation and social security	19,674		124,225
Other creditors	395,298		30,051
	1,089,266		1,044,483

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary Shares shares of £ 1.00 each	100		100

9. Related Party

D Fish

	2025		2024
	£		£
Opening balance	29,686		72,263
Advances	2,822		29,693
Repayments	(29,686)		(72,270)
	2,822		29,686

J G Harris

	2025		2024
	£		£
Opening balance	59,025		124,727
Advances	10,935		59,038
Repayments	(71,336)		(124,740)
	(1,376)		59,025