Company registration number 07412469 (England and Wales)
CANHAM HOMES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
CANHAM HOMES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
CANHAM HOMES LTD
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
33,207
23,780
Investments
5
246,944
234,344
280,151
258,124
Current assets
Stocks
18,625,196
14,172,896
Debtors
6
4,681,304
3,218,044
Cash at bank and in hand
652,188
1,624,186
23,958,688
19,015,126
Creditors: amounts falling due within one year
8
(5,779,459)
(10,627,728)
Net current assets
18,179,229
8,387,398
Total assets less current liabilities
18,459,380
8,645,522
Creditors: amounts falling due after more than one year
7
(15,890,940)
(6,523,646)
Net assets
2,568,440
2,121,876
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,568,340
2,121,776
Total equity
2,568,440
2,121,876
CANHAM HOMES LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 February 2026 and are signed on its behalf by:
Mr M Canham
Director
Company registration number 07412469 (England and Wales)
CANHAM HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Canham Homes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Canham Business Centre, 426 Vale Road, Tonbridge, Kent, United Kingdom, TN9 1SW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention and are modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance. Construction is not carried out under contract and therefore there is no right to consideration until production is complete and a contract to purchase is in place.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
5 years
Computers
4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

CANHAM HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks relate to the cost of land and associated costs in relation to its development. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Impairment is made of any non-recoverable costs, if appropriate.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

CANHAM HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
3
CANHAM HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2024
23,780
Additions
13,396
At 30 April 2025
37,176
Depreciation and impairment
At 1 May 2024
-
0
Depreciation charged in the year
3,969
At 30 April 2025
3,969
Carrying amount
At 30 April 2025
33,207
At 30 April 2024
23,780
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
246,944
234,344

Company name: Lynwood House Limited

Nature of business: Property Development

Registered office: Canham Business Centre, 426 Vale Road, Tonbridge, Kent, TN9 1SW

Shares held: 50 Ordinary 1 Shares, 50% of total shareholding.

Company name: Canham Rentals Limited

Nature of business: Rental of properties

Registered office: Canham Business Centre, 426 Vale Road, Tonbridge, Kent, TN9 1SW, United Kingdom

Shares held: 100 Ordinary shares, 100% of total shareholding.

Company name: Portman Canham LLP

Nature of business: Property development

Registered office: Canham Business Centre, 426 Vale Road, Tonbridge, Kent, TN9 1SW, United Kingdom

Stakeholding: 50%

CANHAM HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
5
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Shares in subsidiaries and joint ventures
£
Cost or valuation
At 1 May 2024
234,344
Additions
12,600
At 30 April 2025
246,944
Carrying amount
At 30 April 2025
246,944
At 30 April 2024
234,344
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
249,382
20,821
Other debtors
4,431,922
3,197,223
4,681,304
3,218,044
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
8,154,940
1,208,646
Other creditors
7,736,000
5,315,000
15,890,940
6,523,646

CANHAM HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
6,572,981
Trade creditors
1,481,342
552,208
Amounts owed to joint ventures
1,903,308
518,929
Taxation and social security
200,131
109,629
Other creditors
2,194,678
2,873,981
5,779,459
10,627,728

9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
114,804
41,630
CANHAM HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 9 -
10
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

A B Canham and Son

Common control

As at the balance sheet date, included within trade debtors is a balance of £324 (2024: NIL) due from A B Canham and Son. I ncluded within trade creditors is a balance of £1,182,537 (20 24: £380,229) due to A B C anham and Son.

At the year end, the company owed A B Canham and Son, a company under common control £505,000 (2024: NIL) by way of a loan. The loan bears interest at 0% and is repayable in more than 12 months of the date of this report.

Canham Homes Kent Ltd

At the year end, the company was owed £16,000 (2024: NIL) from Canham Homes Kent Ltd, a company under common control by way of a loan. The loan bears interest at 0% and is repayable in more than 12 months of the date of this report.

Canham Rentals Ltd

At the year end, the company was owed £334,900 (2024: NIL) from Canham Rentals Ltd, a company under common control by way of a loan. The loan bears interest at 0% and is repayable in more than 12 months of the date of this report.

Canham Holdings Ltd

Common control

At the year end, the company owed Canham Holdings Ltd, a company under common control £5,315,000 (2024: £2,191,000) by way of a loan. The loan bears interest at 0% and is repayable in more than 12 months of the date of this report.

Lynwood House Limited

Joint Venture

At the balance sheet date, the company owed Lynwood House Limited £1,660 (2024: £1,660) by way of a loan. The loan is interest free and repayable on demand.

Within debtors is a balance of £NIL (202 3: £93,058) due from Lynwood House Limited to the company in relation to costs incurred for the joint venture.

Goodwood Investments LLP

Common control

A B Canham and Son, a company in which M C Canham is a director, is a member of the Goodwood Investments LLP.

As at the balance sheet date, included within other debtors is a balance of £11,200 (2024: £11,000) due from Goodwood Investments LLP.

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