REGISTERED NUMBER: 03976235 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

QUALITY HOMES (UK) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

-

17,919

CURRENT ASSETS

Stocks

-

2,970

Debtors

5

3,062,933

3,012,933

Cash at bank

431,451

473,555

3,494,384

3,489,458

CREDITORS

Amounts falling due within one year

6

368,750

344,230

NET CURRENT ASSETS

3,125,634

3,145,228

TOTAL ASSETS LESS CURRENT LIABILITIES

3,125,634

3,163,147

CREDITORS

Amounts falling due after more than one year

7

(120,564

)

(180,436

)

PROVISIONS FOR LIABILITIES

-

(3,633

)

NET ASSETS

3,005,070

2,979,078

CAPITAL AND RESERVES

Called up share capital

1,020

1,020

Retained earnings

3,004,050

2,978,058

SHAREHOLDERS' FUNDS

3,005,070

2,979,078

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 (UK) 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:

03976235

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

49,274

67,097

29,230

7,561

153,162

Disposals

(49,274

)

(67,097

)

(29,230

)

(7,561

)

(153,162

)

At 31 March 2025

-

-

-

-

-

DEPRECIATION

At 1 April 2024

46,990

54,843

26,905

6,505

135,243

Eliminated on disposal

(46,990

)

(54,843

)

(26,905

)

(6,505

)

(135,243

)

At 31 March 2025

-

-

-

-

-

NET BOOK VALUE

At 31 March 2025

-

-

-

-

-

At 31 March 2024

2,284

12,254

2,325

1,056

17,919

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Loans and advances to customer

3,055,000

3,005,000

2025

2024

£

£

Amounts falling due after more than one year:

S455 Tax

7,933

7,933

Aggregate amounts

3,062,933

3,012,933

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

43,921

83,115

Social security and other taxes

421

4,143

Employee Pension

-

1,886

Net Wages Control A/c

1,661

26,565

Inter Co- Quality Homes Midlan

317,771

218,319

Accrued expenses

4,976

10,202

368,750

344,230

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Directors' loan accounts

120,564

180,436

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

£

£

Satnam Kaur Gakhal and Sadhu Singh Gakhal

Balance outstanding at start of year

(180,436

)

(598,003

)

Amounts advanced

204,193

506,607

Amounts repaid

(144,320

)

(89,040

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(120,563

)

(180,436

)

Dividends issued during the year = £92,500 (£88,000 in 2024)

9.	RELATED PARTY DISCLOSURES

The current liability of £317,771 (£218,319 in 2024) is due from Quality Homes (Midlands) ltd

These are related party transactions and no terms are attached to these amounts.

10.	ULTIMATE CONTROLLING PARTY

Dr S.S. Gakhal holds 1074 shares out of the issued share capital of 2040 shares and is the controlling party.