McAdden Homes (GOR 2) Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 09505885

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		540,000		540,000

			540,000		540,000
CURRENT ASSETS
Stocks	5	436,841		424,275
Debtors	6	10,947		12,817
Cash at bank and in hand		158		582

		447,946		437,674
Creditors: Amounts Falling Due Within One Year	7	(2,629,771 )		(2,482,775 )

NET CURRENT ASSETS (LIABILITIES)			(2,181,825 )		(2,045,101 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,641,825 )		(1,505,101 )

NET LIABILITIES			(1,641,825 )		(1,505,101 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(1,641,826 )		(1,505,102 )

SHAREHOLDERS' FUNDS			(1,641,825)		(1,505,101)

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M J McAdden

Director

23/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

McAdden Homes (GOR 2) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09505885 . The registered office is Rear Office, Midland House, High Street, Goring, Berkshire, RG8 9AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

Not depreciated

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2024	540,000

As at 31 March 2025	540,000

Net Book Value
As at 31 March 2025	540,000

As at 1 April 2024	540,000

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McAdden Homes (GOR 2) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Stocks

	2025	2024
	£	£
Stock	436,841	424,275

6. Debtors

	2025	2024
	£	£
Due within one year
Other taxes and social security	-	1,870
Amounts owed by group undertakings	10,947	10,947

	10,947	12,817

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,535	8,731
Other taxes and social security	26,192	-
Director's loan account	2,588,196	2,462,124
Amounts owed to group undertakings	6,848	11,920

	2,629,771	2,482,775

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Directors Advances, Credits and Guarantees

Included within creditors is a loan to Matthew McAdden, the company's Director. At the balance sheet date the amount owed to Matthew McAdden was £2,588,196 (2024: £2,462,124) This amount is repayable on demand and 1.04% interest accrues on the balance at the end of each month.

10. Related Party Transactions

Included within debtors, is a loan from McAdden Homes Limited, a company under common control of Matthew McAdden. At the balance sheet date, the loan balance was £10,947. (2024: £10,947).

Included within creditors, is a loan to Iceni Property Asset Management (UK) Limited, a company under common control of Matthew McAdden. At the balance sheet date, the loan balance was £6,848.

Included within sales is £140,000 (2024: nil) income received from Iceni Property Management (UK) Limited, a company under common control of Matthew McAdden.

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