| REGISTERED NUMBER: |
| 21st Century Homes Limited |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| REGISTERED NUMBER: |
| 21st Century Homes Limited |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| 21st Century Homes Limited (Registered number: 08922585) |
| Contents of the Financial Statements |
| for the year ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| 21st Century Homes Limited |
| Company Information |
| for the year ended 31 March 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants and Business Advisers |
| One New Street |
| Wells |
| Somerset |
| BA5 2LA |
| 21st Century Homes Limited (Registered number: 08922585) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| Investment property | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Fair value reserve |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| 21st Century Homes Limited (Registered number: 08922585) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 21st Century Homes Limited (Registered number: 08922585) |
| Notes to the Financial Statements |
| for the year ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| 21st Century Homes Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about 21st Century Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Turnover represents rental income from properties and is recognised on a straight-line basis over the term of the lease. Rental income is measured at the fair value of the consideration received or receivable, excluding VAT. Incentives granted to tenants, such as rent-free periods, are recognised evenly over the term of the lease. Any service charges and other income related to leased assets are recognised when the related services are performed. |
| Intangible assets |
| Recognition and Initial Measurement |
| Intangible assets are recognised when they are identifiable, the entity has control over the asset, and future economic benefits are expected to flow to the entity. |
| Intangible assets are initially measured at cost, which includes purchase price and directly attributable costs required to prepare the asset for use. |
| Subsequent Measurement |
| The entity adopts the Revaluation Model for the measurement of intangible assets: |
| Intangible assets are revalued to fair value where an active market exists. |
| Fair value is performed with sufficient regularity to ensure the carrying amount does not materially differ from fair value at the reporting date. |
| Fair value surpluses are credited to a fair value reserve within equity, except to the extent they reverse a deficit previously recognised in profit or loss. Fair value deficits are charged to profit or loss unless they reverse a previously recognised surplus. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| 21st Century Homes Limited (Registered number: 08922585) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Bitcoin |
| £ |
| COST OR VALUATION |
| At 1 April 2024 |
| Revaluations |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Bitcoin has been revalued at open market value at 31 March 2025. The historical cost is £50,000 (2023 - £50,000). |
| 21st Century Homes Limited (Registered number: 08922585) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2024 |
| Additions |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investment |
| £ |
| COST OR VALUATION |
| At 1 April 2024 |
| Additions |
| Revaluations | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| The investments were revalued at 31 March 2025 by the directors. |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: 3 Bridge Place, Nether Compton, Sherborne, DT9 4QF |
| Nature of business: |
| % |
| Class of shares: | holding |
| 21st Century Homes Limited (Registered number: 08922585) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 6. | FIXED ASSET INVESTMENTS - continued |
| Joint operations - Investments/properties |
| The company holds a 67% interest in the property known as 40 The Avenue, Yeovil. This interest is held as a long-term investment. The carrying value of £181,905 represents the company's share of the property's fair value. This asset is held jointly with Warmly Limited under a contractual arrangement where the company is entitled to a proportionate share of the capital value and rental income. |
| The company holds a 67% interest in the property known as 70 High Street Wells and 60% interest in the properties known as 17-18 King George Street, Yeovil and 18 High Street, Yeovil. These interests are held as a long-term investment. The carrying value of these properties is £803,646 and represents the company's share of the properties fair value. These assets are held jointly with Lelapa Limited under a contractual arrangement where the company is entitled to a proportionate share of the capital value and rental income. |
| 7. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| Additions |
| Revaluations | 825,736 |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| If investment properties had not been revalued they would have been included at the following historical cost £3,942,730 (2024 £3,278,467). |
| Investment properties were valued on an open market basis on 31 March 2025 by external parties and the directors. |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by associates |
| Other debtors |
| 21st Century Homes Limited (Registered number: 08922585) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Other loans | 260,100 | 260,100 |
| The bank loans are secured as follows: |
| A fixed and floating charge covering all the property or undertakings of the company dated 09 January 2020 |
| Legal charge over the property known as 52 Crofton Park, Yeovil BA21 4EE dated 04 March 2022. |
| Legal charge over the property known as 38 Crofton Park, Yeovil BA21 4EE dated 08 March 2022. |
| Legal charge over the property known as 97 Goldcroft, Yeovil BA21 4DF dated 09 March 2022. |
| Legal charge over the property known as 35 Crofton park, Yeovil BA21 4EB dated 09 August 2022. |
| Legal charge over the property known as 13 High East Street, Dorchester DT1 1HH dated 05 September 2022. |
| Legal charge over the property known as 19 Colmer Road, Yeovil BA21 4BS dated 08 December 2022. |
| Legal charge over the property known as 12 Manor Road, Yeovil BA20 1UG dated 14 March 2023. |
| Legal charge over the property known as 1-3 Cardinal House dated 11 August 2023. |
| Legal charge over the property known as 35 Crofton Park, Yeovil BA21 4EE dated 05 April 2024. |
| Legal charge over the property known as 70 High Street, Wells BA5 2AJ dated 03 June 2024. |
| Legal charge over the property known as 2 Farm Road, Street BA16 OBS dated 10 July 2024. |
| Legal charge over the property known as 40 The Avenue Yeovil BA21 4BN dated 06 February 2025. |
| 21st Century Homes Limited (Registered number: 08922585) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 13. | RELATED PARTY DISCLOSURES |
| The company has given an interest free loan to its subsidiary undertaking SYDI Limited. The balance outstanding at 31 March 2025 was £248,134 (2024 - £300,485) |