LIVINGSTON HOMES LTD


Directors	ASHBY-GRIGGS, Charlotte Susan
	GRIGGS, Leo Livingstone


Company Secretary	ASHBY-GRIGGS, Charlotte Susan


Registered Address	St Christopher's
	Coolinge Lane
	Folkestone
	CT20 3RA


Registered Number	08396600 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		649,725		649,725
			649,725		649,725
Current assets
Stocks		992,379		412,508
Debtors		1,628,417		1,377,775
Current asset investments		1,000		1,000
Cash at bank and on hand		90,972		103,101
		2,712,768		1,894,384
Creditors amounts falling due within one year		(427,980)		(441,234)
Net current assets (liabilities)			2,284,788		1,453,150
Total assets less current liabilities			2,934,513		2,102,875
Creditors amounts falling due after one year	4		(2,348,751)		(1,829,250)
Net assets			585,762		273,625
Capital and reserves
Profit and loss account			585,762		273,625
Shareholders' funds			585,762		273,625

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 22 December 2025, and are signed on its behalf by:

ASHBY-GRIGGS, Charlotte Susan
Director

GRIGGS, Leo Livingstone
Director

Registered Company No. 08396600

LIVINGSTON HOMES LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 policy
	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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.

	Stocks and work in progress
	Stock and Work-in-Progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	649,725
	At 31 March 25	649,725
	Net book value
	At 31 March 25	649,725
	At 31 March 24	649,725

4.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,000	7,000
Other creditors	2,347,751	1,822,250
Total	2,348,751	1,829,250


	Included within non-current liabilities is the remaining balance of £1,000 in respect of a Bounce Back loan, advanced in response to the Covid-19 pandemic. The remaining term of the loan is subject to interest capped at 2.5% per year.

5.	Secured creditors
	Included within non-current liabilities are the following secured loans: - a mortgage for £697,695 provided by Charter Court Financial Services Limited. The loan is secured by a mortgage deed over the property at Flats 1-5, Marine Terrace, Folkestone and is an interest-only loan over 20 years. The initial rate of interest is a fixed rate of 3.69% for 60 months from the start of the loan followed by a variable rate, which is 5.40% above the Bank of England Base Rate. - loans totaling £1,400,000 provided by The Kent County Council . The loans are secured by legal charges over the freehold property at 52-54 Guildhall Street, Folkestone and freehold land on the North-East side of 50 Guildhall Street, Folkestone. The loans are repayable by 31 July 2026, or by the date of the disposal of the whole or any part or parts of the property, or at the date of an event of default. There have been no breaches or default on loans payable during the current or prior reporting period.

Secured creditors

Included within non-current liabilities are the following secured loans:

- a mortgage for £697,695 provided by Charter Court Financial Services Limited. The loan is secured by a mortgage deed over the property at Flats 1-5, Marine Terrace, Folkestone and is an interest-only loan over 20 years. The initial rate of interest is a fixed rate of 3.69% for 60 months from the start of the loan followed by a variable rate, which is 5.40% above the Bank of England Base Rate.

- loans totaling £1,400,000 provided by The Kent County Council . The loans are secured by legal charges over the freehold property at 52-54 Guildhall Street, Folkestone and freehold land on the North-East side of 50 Guildhall Street, Folkestone. The loans are repayable by 31 July 2026, or by the date of the disposal of the whole or any part or parts of the property, or at the date of an event of default.

There have been no breaches or default on loans payable during the current or prior reporting period.