Quality Homes (Midlands) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03974373 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

QUALITY HOMES (MIDLANDS) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

69,605

1,396,253

CURRENT ASSETS

Debtors

5

2,131,227

1,016,184

Cash at bank

236,218

104,129

2,367,445

1,120,313

CREDITORS

Amounts falling due within one year

6

4,767

6,240

NET CURRENT ASSETS

2,362,678

1,114,073

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,432,283

2,510,326

CREDITORS

Amounts falling due after more than one
year

7

(51,798

)

(6,780

)

PROVISIONS FOR LIABILITIES

(17,401

)

(12,659

)

NET ASSETS

2,363,084

2,490,887

CAPITAL AND RESERVES

Called up share capital

950

Retained earnings

2,362,134

2,489,937

SHAREHOLDERS' FUNDS

2,363,084

2,490,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

Sadhu Singh Gakhal - Director

1.	STATUTORY INFORMATION

Quality Homes (Midlands) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03974373

Registered office:

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2024

1,341,600

357,526

65,379

61,910

1,826,415

Additions

-

69,605

Disposals

(1,341,600

)

(357,526

)

(65,379

)

(61,910

)

(1,826,415

)

At 31 March 2025

-

69,605

DEPRECIATION

At 1 April 2024

-

353,445

47,308

29,409

430,162

Eliminated on disposal

-

(353,445

)

(47,308

)

(29,409

)

(430,162

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

69,605

At 31 March 2024

1,341,600

4,081

18,071

32,501

1,396,253

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Int co. Quality Homes UK ltd

317,771

218,319

Loans and advances to customer

1,759,615

753,617

HP Interest

9,593

-

2,086,979

971,936

Amounts falling due after more than one year:

S455 Tax

44,248

Aggregate amounts

2,131,227

1,016,184

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Social security and other taxes

126

-

Net wages control Account

-

2,409

Accruals

4,641

3,831

4,767

6,240

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts

51,798

-

Directors' loan accounts

-

6,780

51,798

6,780

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Sadhu Singh Gakhal and Satnam Kaur Gakhal

Balance outstanding at start of year

(6,780

)

(5,787

)

Amounts advanced

8,483

-

Amounts repaid

(1,703

)

(993

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(6,780

)

9.	RELATED PARTY DISCLOSURES

Current assets the balance of £317,771 (£218,319 In 2024) is due from Quality Homes (UK) Ltd

Quality Homes (UK) Ltd is a related party transaction and no terms are attached to these amounts