REGISTERED NUMBER: 08012616 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

FIRST HABITATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Bayley

D S Bayley

REGISTERED OFFICE:

6 Tees Close

Witham

Essex

CM8 1LG

REGISTERED NUMBER:

08012616 (England and Wales)

ACCOUNTANTS:

Hunter's Accounting Services Limited

8 Hawkins Way

Braintree

Essex

CM7 9TD

FIXED ASSETS

Tangible assets

4

47,283

2,253

Investment property

5

12,675,001

12,050,001

12,722,284

12,052,254

CURRENT ASSETS

Debtors

6

31,193

25,646

Cash at bank

39,565

9,171

70,758

34,817

CREDITORS

Amounts falling due within one year

7

622,147

555,502

NET CURRENT LIABILITIES

(551,389

)

(520,685

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,170,895

11,531,569

CREDITORS

Amounts falling due after more than one year

8

(7,698,073

)

(7,308,050

)

PROVISIONS FOR LIABILITIES

11

(440,755

)

(365,305

)

NET ASSETS

4,032,067

3,858,214

CAPITAL AND RESERVES

Called up share capital

12

224

224

Share premium

13

2,778,416

2,778,416

Retained earnings

13

1,253,427

1,079,574

SHAREHOLDERS' FUNDS

4,032,067

3,858,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 30 December 2025 and were signed on its behalf by:

C Bayley - Director

D S Bayley - Director

1.	STATUTORY INFORMATION

First Habitation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

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 cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 6 April 2024

2,345

-

5,628

7,973

Additions

-

56,332

999

57,331

At 5 April 2025

2,345

56,332

6,627

65,304

DEPRECIATION

At 6 April 2024

2,345

-

3,375

5,720

Charge for year

-

10,562

1,739

12,301

At 5 April 2025

2,345

10,562

5,114

18,021

NET BOOK VALUE

At 5 April 2025

-

45,770

1,513

47,283

At 5 April 2024

-

-

2,253

2,253

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

12,050,001

Additions

366,327

Revaluations

258,673

At 5 April 2025

12,675,001

NET BOOK VALUE

At 5 April 2025

12,675,001

At 5 April 2024

12,050,001

On 06 October 2019 the Directors introduced all the Investment Property held in their unincorporated property business, with a value of £8,700,000 to First Habitation Limited. Where the title deeds are not in the Company name they are assigned under a contractual declaration of trust.

Fair value at 5 April 2025 is represented by:

£

Valuation in 2024

12,050,001

Valuation in 2025

625,000

12,675,001

If investment properties had not been revalued they would have been included at the following historical cost:

5.4.25

5.4.24

£

£

Cost

10,956,062

10,589,735

Investment properties were valued on an open market basis on 26 March 2025 by the Director, Mr C Bayley .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade debtors

16,455

13,455

Prepayments and accrued income

14,738

12,191

31,193

25,646

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans and overdrafts (see note 9)

469,318

429,002

Hire purchase contracts

12,783

-

Trade creditors

326

-

Client monies held

10

10

Directors' current accounts

133,710

121,240

Accrued expenses

6,000

5,250

622,147

555,502

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans (see note 9)

7,669,311

7,308,050

Hire purchase contracts

28,762

-

7,698,073

7,308,050

9.

LOANS

An analysis of the maturity of loans is given below:

5.4.25

5.4.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

9,211

6,546

Mortgage borrowing

450,107

412,456

Bank loan

10,000

10,000

469,318

429,002

5.4.25

5.4.24

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,668

10,000

Mortgage borrowing - 1-2 years

450,107

412,456

451,775

422,456

Amounts falling due between two and five years:

Mortgage borrowing - 2-5 years

7,217,536

6,883,924

Bank loan

-

1,670

7,217,536

6,885,594

10.	SECURED DEBTS

The following secured debts are included within creditors:

5.4.25

5.4.24

£

£

Bank loans

8,129,418

7,730,506

Bank borrowings are secured upon the Investment Properties shown on the Company Balance Sheet. Where liabilities are not contracted in the Company name and are still in the name of the business acquired in previous accounting periods, they are assigned under a contractual declaration of trust.

11.	PROVISIONS FOR LIABILITIES

5.4.25

5.4.24

£

£

Deferred tax

Deferred tax

11,020

240

Deferred tax - Investment property revaluations

429,735

365,065

440,755

365,305

Deferred

tax

£

Balance at 6 April 2024

365,305

Provided during year

10,780

Investment Properties

64,670

Balance at 5 April 2025

440,755

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.25

5.4.24

value:

£

£

100,000

Ordinary A - Q Shares

0.002

200

200

24

Ordinary R Shares

£1

24

24

224

224

13.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 6 April 2024

1,079,574

2,778,416

3,857,990

Profit for the year

173,853

173,853

At 5 April 2025

1,253,427

2,778,416

4,031,843

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2025 and 5 April 2024:

5.4.25

5.4.24

£

£

C Bayley and D S Bayley

Balance outstanding at start of year

(121,240

)

(80,769

)

Amounts advanced

455,722

132,915

Amounts repaid

(468,192

)

(173,386

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(133,710

)

(121,240

)

15.	ULTIMATE CONTROLLING PARTY

The Company has no ultimate controlling party.