Registration number: 12372655

Static Homes UK Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 10

Static Homes UK Ltd

(Registration number: 12372655)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	359,264	401,934
Current assets
Debtors	6	282,731	308,144
Cash at bank and in hand		117,026	66,413
		399,757	374,557
Creditors: Amounts falling due within one year	7	(623,423)	(435,080)
Net current liabilities		(223,666)	(60,523)
Total assets less current liabilities		135,598	341,411
Creditors: Amounts falling due after more than one year	7	(165,196)	(250,308)
Provisions for liabilities		(20,692)	(18,811)
Net (liabilities)/assets		(50,290)	72,292
Capital and reserves
Called up share capital	8	1	1
Retained earnings		(50,291)	72,291
Shareholders' (deficit)/funds		(50,290)	72,292

For the financial year 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 year 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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 12 November 2025 and signed on its behalf by:
 

......................................... Miss Chloe Olivia Palmer Director

Static Homes UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 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:
Static Homes Uk Ltd Matford Home Farm
Matford
Exeter
EX2 8XT
England

These financial statements were authorised for issue by the Board on 12 November 2025.

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.

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 income 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.

Static Homes UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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 & Machinery	25% Reducing Balance
Motor Vehicle	25% Reducing Balance
Office Equipment	25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Static Homes UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 year, was 14 (2023 - 14).

Static Homes UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	119,755	133,978

Static Homes UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	3,021	414,349	273,589	690,959
Additions	283	75,321	1,482	77,086
At 31 December 2024	3,304	489,670	275,071	768,045
Depreciation
At 1 January 2024	1,935	163,543	123,547	289,025
Charge for the year	343	81,532	37,881	119,756
At 31 December 2024	2,278	245,075	161,428	408,781
Carrying amount
At 31 December 2024	1,026	244,595	113,643	359,264
At 31 December 2023	1,086	250,806	150,042	401,934

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		98,339	141,941
Amounts owed by related parties	11	27,081	721
Prepayments		5,279	-
Other debtors		152,032	165,482
		282,731	308,144

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	95,752	85,265
Trade creditors		59,129	2,045
Taxation and social security		413,582	280,837
Accruals and deferred income		1,915	6,410
Other creditors		53,045	60,523
		623,423	435,080

Static Homes UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	165,196	250,308

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,000	26,667
Finance lease liabilities	160,196	223,641
	165,196	250,308

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,000	10,000
Bank overdrafts	-	80
Finance lease liabilities	85,752	75,185
	95,752	85,265

Bank borrowings

Starling BBL is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 4 June 2026. The carrying amount at year end is £15,000 (2023 - £36,667).

10

Dividends

Static Homes UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

		2024		2023
		£		£
Interim dividend of £Nil (2023 - £30,000.00) per ordinary share		15,000		30,000

11	Related party transactions

The loans to directors are unsecured, interest free and repayable on demand

Static Homes UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Summary of transactions with other related parties

Loan to previous director Gerard Hillman Outstanding Directors Loan Accounts £27,080.57