Company No: 13742512 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	45		45
		45		45
Current assets
Stocks	4	3,523,028		2,623,304
Debtors	5	919,935		890,886
Cash at bank and in hand		6,457		361
		4,449,420		3,514,551
Creditors: amounts falling due within one year	6	( 1,093,442)		( 61,888)
Net current assets		3,355,978		3,452,663
Total assets less current liabilities		3,356,023		3,452,708
Net assets		3,356,023		3,452,708
Capital and reserves
Called-up share capital	7	55		55
Share premium account		29,945		29,945
Profit and loss account		3,326,023		3,422,708
Total shareholders' funds		3,356,023		3,452,708

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 members have 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 Holdings Limited (registered number: 13742512) 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 Holdings 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 Holdings 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 is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 Balance Sheet.

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 Balance Sheet date.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

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

Stocks

Stocks which comprise land held for development, work in progress and finished and part exchange houses are stated at the lower of costs and net realisable value. Costs include materials, direct labour and production overheads appropriate to the relevant stage of production, Net realisable value is based on estimated selling price less all further costs to completion and all relevant marketing, selling and distribution costs.

Land options are values at historical costs including promotional and other directly attributable expenditure. Net realisable value is based on the ultimate value of the site after consideration of developments and other associated costs, Regular review for impairment is undertaken and provisions are made accordingly.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	45
At 31 March 2025	45
Carrying value at 31 March 2025	45
Carrying value at 31 March 2024	45

4. Stocks

	2025		2024
	£		£
Work in progress	3,523,028		2,623,304

5. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	649,056		572,775
Other debtors	270,879		318,111
	919,935		890,886

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	983,088		0
Trade creditors	39,850		44,673
Accruals	7,400		7,500
Other taxation and social security	58,939		0
Other creditors	4,165		9,715
	1,093,442		61,888

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
4,125 Ordinary A shares of £ 0.01 each	41		41
1,375 Ordinary B shares of £ 0.01 each	14		14
	55		55

8. Related Parties

J G Harris

	2025		2024
	£		£
Opening balance	91,333		0
Advances	359,655		103,105
Repayments	(681,020)		(11,772)
	(230,032)		91,333

D Fish

	2025		2024
	£		£
Opening balance	53,374		0
Advances	209,898		65,157
Repayments	(143,034)		(11,783)
	120,238		53,374