Company No: 13449856 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Mr S J Murphy

REGISTERED OFFICE	201 Pinner Road
	Northwood
	HA6 1BX
	United Kingdom

COMPANY NUMBER

13449856 (England and Wales)

ACCOUNTANT	Gravita Business Services II Limited
	Aldgate Tower
	2 Leman Street
	London
	E1 8FA
	United Kingdom

	Note	2024		2023
		£		£
Current assets
Stocks	3	3,653,657		3,068,718
Debtors	4	15,202		8,738
Cash at bank and in hand		4,279		1,418
		3,673,138		3,078,874
Creditors: amounts falling due within one year	5	( 3,913,112)		( 1,616,373)
Net current (liabilities)/assets		(239,974)		1,462,501
Total assets less current liabilities		(239,974)		1,462,501
Creditors: amounts falling due after more than one year	6	0		( 1,693,122)
Net liabilities		( 239,974)		( 230,621)
Capital and reserves
Called-up share capital		2		2
Profit and loss account		( 239,976 )		( 230,623 )
Total shareholder's deficit		( 239,974)		( 230,621)

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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Profit and Loss Account has not been delivered.

The financial statements of Bushey Residential Limited (registered number: 13449856) were approved and authorised for issue by the Director on 24 December 2025. They were signed on its behalf by:

Mr S J Murphy 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

Bushey Residential 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 201 Pinner Road, Northwood, HA6 1BX, 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 Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

Stocks

Stocks, including work in progress, are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Stocks

	2024		2023
	£		£
Work in progress	3,653,657		3,068,718

4. Debtors

	2024		2023
	£		£
Other debtors	15,202		8,738

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	14,785		5,206
Amounts owed to Group undertakings	11,807		2,938
Amounts owed to related parties	3,875,020		1,606,216
Other creditors	11,500		2,013
	3,913,112		1,616,373

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Amounts owed to related parties	0		1,693,122

There are no amounts included above in respect of which any security has been given by the company.

7. Related party transactions

Under FRS 102, details are not given in respect of transactions entered into between two or more members of the group to which the company belongs as all subsidiaries are wholly owned by the parent undertaking Clearview Property Group Limited.

Direct costs included £nil (2023: £Nil) rendered from a company in which the director had an interest. Interest payable includes £Nil (2023 : £154,140) of interest charged from a company in which the director has an interest.

Amounts owed to related parties of £3,875,021 (2023: £1,578,574) is an amount due to a company in which the director has an interest including £84,041 (2023 : £84,041) of accrued interest from the same company.