Company No: 11143328 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Stocks	3	102,300		0
Debtors	4	37,000		102,473
Cash at bank and in hand	5	207		1,296
		139,507		103,769
Creditors: amounts falling due within one year	6	( 2,173,249)		( 2,138,683)
Net current liabilities		(2,033,742)		(2,034,914)
Total assets less current liabilities		(2,033,742)		(2,034,914)
Net liabilities		( 2,033,742)		( 2,034,914)
Capital and reserves
Called-up share capital	7	1		1
Profit and loss account		( 2,033,743 )		( 2,034,915 )
Total shareholder's deficit		( 2,033,742)		( 2,034,914)

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 Swedish Lifestyle Homes No.3 Limited (registered number: 11143328) 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

Swedish Lifestyle Homes No.3 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 Swedish Lifestyle Homes No.3 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 consider it appropriate to prepare the financial statements on a going concern basis due to the business being supported by the group.

Turnover

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

The company recognised revenue and profit on sale of development properties in proportion to the stage of completions. The stage of completion is assessed with reference to surveys of work performed. Unbilled revenue at the period end will be accounted for through accrued income. Profit is recognised on a plot-by-plot basis, by reference to the margin forecast across the relevant development site. Due to the development cycle often exceeding one financial year, plot margins are forecast, taking into account the allocation of site-wide development costs such as infrastructure, and estimates required for the cost to complete such developments.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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. Stocks

	2025		2024
	£		£
Work in progress	102,300		0

4. Debtors

	2025		2024
	£		£
Other debtors	37,000		102,473

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	207		1,296

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	14,106		7,806
Amounts owed to Group undertakings	1,724,080		1,842,492
Other creditors	435,063		288,385
	2,173,249		2,138,683

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary Shares share of £ 1.00	1		1