Douglass Homes Limited - Filleted accounts

Registered number

10663566

Douglass Homes Limited

Filleted Accounts

31 March 2025

Douglass Homes Limited
Registered number:		10663566
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,345			2,328
Investments	4		150,000			150,000
			151,345			152,328

Current assets
Cash at bank and in hand		1,481			2,236

Creditors: amounts falling due within one year	5	(34,330)			(35,743)

Net current liabilities			(32,849)			(33,507)

Total assets less current liabilities			118,496			118,821

Creditors: amounts falling due after more than one year	6		(53,579)			(54,966)

Provisions for liabilities			(256)			(442)


Net assets			64,661			63,413

Capital and reserves
Called up share capital			100			100
Profit and loss account			64,561			63,313

Shareholders' funds			64,661			63,413

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A Douglass
Director
Approved by the board on 23 December 2025

Douglass Homes Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Furniture, Fixtures and fittings	over 4 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				15,369
	At 31 March 2025				15,369

	Depreciation
	At 1 April 2024				13,041
	Charge for the year				983
	At 31 March 2025				14,024

	Net book value
	At 31 March 2025				1,345
	At 31 March 2024				2,328


4	Investments

Other
investments
£
	Fair value
	At 1 April 2024				150,000

	At 31 March 2025				150,000


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		1,540		1,540
	Taxation and social security costs		480		2,377
	Other creditors		32,310		31,826
			34,330		35,743


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		53,579		54,966


7	Loans		2025		2024
£				£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years		45,600		45,600


	Secured bank loans		45,600		45,600

	Bank loans are secured by a first charge on the investment properties held.
8	Other information

	Douglass Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Radcliffe Garth
	South Cave
	Brough
	East Yorkshire
	HU15 2BL