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COMPANY REGISTRATION NUMBER: NI073166

Northern Homes (NI) Limited

Filleted Abridged Financial Statements

30 September 2025

Northern Homes (NI) Limited

Abridged Statement of Financial Position

30 September 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible fixed assets | 4 | 9,079 | 13,619

Current assets

Debtors | 302,978 | 565,812
Cash at bank and in hand | 159,260 | 21,151
| --------- | ---------
| 462,238 | 586,963

Creditors: amounts falling due within one year | ( 3,731) | ( 129,525)
| --------- | ---------
Net current assets | 458,507 | 457,438
| --------- | ---------
Total assets less current liabilities | 467,586 | 471,057
| --------- | ---------
Net assets | 467,586 | 471,057
| --------- | ---------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 467,486 | 470,957
| --------- | ---------
Shareholders' funds | 467,586 | 471,057
| --------- | ---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of abridged financial statements for the year ending 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

T J Jennings CBE |
Director |

Company registration number: NI073166

Northern Homes (NI) Limited

Accounting Policies

Year ended 30 September 2025
Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention, as modified by the revaluation of certain tangible fixed assets measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company. The principal accounting policies adopted are is set out below.
Cash flow
The company is a wholly owned subsidiary company of a group headed by Ducales Capital Limited and is included in the consolidated financial statements of that company, which are publicly available. Consequently, the company has taken advantage of the exemption within FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' from preparing a cash flow statement.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Revenue recognition
Turnover represents the invoiced value of houses sold or rented during the period, exclusive of value added tax. Turnover is recognised at the point at which the sales or services are made.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Deferred tax assets are recognised to the extent that they are regarded as recoverable. Deferred tax assets are regarded as recoverable to the extent that, on the basis of all available evidence, it can be be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities recognised have not been discounted.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor Vehicles | - | 25% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Northern Homes (NI) Limited

Notes to the Abridged Financial Statements

Year ended 30 September 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 16 Talbot Street, Saint Anne's Square, Belfast, BT1 2NF.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
3. Employee information
The average number of persons employed by the company during the year in addition to the directors was 1 (2024:1).
4. Tangible fixed assets

| £
Cost |
At 1 October 2024 and 30 September 2025 | 18,159
| --------
Depreciation |
At 1 October 2024 | 4,540
Charge for the year | 4,540
| --------
At 30 September 2025 | 9,080
| --------
Carrying amount |
At 30 September 2025 | 9,079
| --------
At 30 September 2024 | 13,619
| --------

Certain borrowings of Ducales Capital Limited from its shareholders, amounting to £3,720,248 at 30 September 2025 (2024: £3,720,248), have been secured on the assets of the company and by unlimited inter-company cross guarantees.
5. Summary audit opinion
The auditor's report dated 18 December 2025 was unqualified .
The senior statutory auditor was Michael Flannigan , for and on behalf of FEB Chartered Accountants .
6. Related party transactions
Advantage has been taken of the exemption not to disclose any transactions with entities that are part of the group qualifying as related parties, because consolidated financial statements, in which they are included, are publicly available at the registered office of the holding company.
7. Controlling party
The company's immediate and ultimate holding company is Ducales Capital Limited, a company incorporated in Northern Ireland. Group financial statements for this company are available to the public from Companies House, Second Floor, The Linenhall, 32-38 Linenhall Street, Belfast, BT2 8BG. The ultimate controlling parties are the shareholders of Ducales Capital Limited.