REGISTERED NUMBER: 02275214 (England and Wales)

Firstpost Homes Limited

Unaudited Financial Statements

for the Year Ended 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Hale

Mrs M Hale

REGISTERED OFFICE:

28 Cannock Road

Burntwood

Staffordshire

WS7 0BJ

REGISTERED NUMBER:

02275214 (England and Wales)

ACCOUNTANTS:

Slaters & Co Accountants

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

SOLICITORS:

Jennings Perks & Co

Lloyds Bank Chambers

3 High Street

Aldridge

Walsall

WS9 8LX

FIXED ASSETS

Tangible assets

4

187,336

243,670

CURRENT ASSETS

Stocks

10,472,102

9,366,125

Debtors

5

89,574

35,937

Cash at bank and in hand

7,936,642

8,240,760

18,498,318

17,642,822

CREDITORS

Amounts falling due within one year

6

432,622

457,612

NET CURRENT ASSETS

18,065,696

17,185,210

TOTAL ASSETS LESS CURRENT LIABILITIES

18,253,032

17,428,880

CAPITAL AND RESERVES

Called up share capital

2,200

2,200

Reserve for own shares

2,200

2,200

Retained earnings

18,248,632

17,424,480

SHAREHOLDERS' FUNDS

18,253,032

17,428,880

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 28 November 2025 and were signed on its behalf by:

G Hale - Director

1.	STATUTORY INFORMATION

Firstpost Homes 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.

Turnover

Turnover comprises the fair value of the consideration received or receivable, net of rebates and discounts. Revenue and profit are recognised as follows:

Private housing development properties and land sales

Turnover is recognised when the significant risks and rewards of ownership have been transferred to the puchaser. Revenue in respect of the sale of residential properties is recognised at the fair value of the consideration received or receivable on legal completion.

Tangible fixed assets

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

Freehold property

-

4% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value after provision for any relevant obsolescence or exposure to the housing market, land and property developments are valued based upon the costs incurred to the percentage completion as at the year end but do not include any fixed or variable overhead costs incurred which are of an external nature to the development and unless market conditions are such that a revision is required in the carrying value of the developments, the above costs are disclosed in the financial statements.

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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 August 2024

148,350

239,602

23,812

201,650

613,414

Additions

-

622

3,500

-

4,122

Disposals

-

(1,932

)

(17,884

)

-

(19,816

)

At 31 July 2025

148,350

238,292

9,428

201,650

597,720

DEPRECIATION

At 1 August 2024

127,462

147,181

16,688

78,413

369,744

Charge for year

5,934

18,524

1,464

30,809

56,731

Eliminated on disposal

-

(1,507

)

(14,584

)

-

(16,091

)

At 31 July 2025

133,396

164,198

3,568

109,222

410,384

NET BOOK VALUE

At 31 July 2025

14,954

74,094

5,860

92,428

187,336

At 31 July 2024

20,888

92,421

7,124

123,237

243,670

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

89,574

35,937

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

64,371

86,271

Taxation and social security

222,320

261,943

Other creditors

145,931

109,398

432,622

457,612