REGISTERED NUMBER: 11875436 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Bulana Homes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J S Burch

Mr W Lawton

Mr A L S A Nash

REGISTERED OFFICE:

Suite 14

Lyndon House

Kings Court

Newmarket

Suffolk

CB8 7SG

REGISTERED NUMBER:

11875436 (England and Wales)

FIXED ASSETS

Investment property

5

1,295,517

635,000

CURRENT ASSETS

Stocks

-

350,475

Debtors

6

82,356

848

Cash at bank

19,386

88,229

101,742

439,552

CREDITORS

Amounts falling due within one year

7

772,792

223,448

NET CURRENT (LIABILITIES)/ASSETS

(671,050

)

216,104

TOTAL ASSETS LESS CURRENT LIABILITIES

624,467

851,104

CREDITORS

Amounts falling due after more than one year

8

(478,827

)

(647,927

)

PROVISIONS FOR LIABILITIES

(8,609

)

(91,369

)

NET ASSETS

137,031

111,808

CAPITAL AND RESERVES

Called up share capital

3

3

Revaluation reserve

10

104,027

104,027

Retained earnings

33,001

7,778

137,031

111,808

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

Mr J S Burch - Director

Mr A L S A Nash - Director

Mr W Lawton - Director

1.	STATUTORY INFORMATION

Bulana Homes Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

635,000

Additions

660,517

At 31 March 2025

1,295,517

NET BOOK VALUE

At 31 March 2025

1,295,517

At 31 March 2024

635,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

128,428

Cost

1,167,089

1,295,517

The investment properties were valued on an open market basis on 31 March 2025 by the directors of the company. The directors have revalued the investment properties included within the financial statements to an estimated market value as at the date of the report in order to provide a true and fair view.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

82,356

848

Included within other debtors are amounts relating VAT repayable of £942 (2024 - £848), director's loan account of £81,057 (2024 - £Nil) and other debtors of £357 (2024 - £Nil).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

452,913

4,649

Trade creditors

235

-

Taxation and social security

-

280

Other creditors

319,644

218,519

772,792

223,448

Included within other creditors is a balance of £140,323 (2024 - £217,485) in relation to amounts due to directors, a balance of £178,287 (2024 - £Nil) in relation to other loans and a balance of £1,034 (2024 - £1,034) in relation to accruals.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

478,827

483,304

Other creditors

-

164,623

478,827

647,927

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

455,052

461,288

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage

894,324

446,500

On 29 November 2023, Keystone Property Finance Limited placed a fixed charge over the investment property of the company.

On 17 July 2024, RQ Capital Limited placed a fixed and floating charge over all the property or undertaking of the company.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

104,027

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company continued to provide an interest-bearing loan to its director. Amounts advanced to the director totalled £256,309 (2024 - £Nil), amounts repaid to the company totalled £111,309 (2024 - £163) and interest charged on the loan at a rate of 5.9% totalled £3,218 (2024 - £Nil). The balance owed to the company at the year end totalled £81,057 (2024 - balance owed to the director £67,161) and is repayable on demand.