REGISTERED NUMBER: 12094129 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

INDIGO HOMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Akinoso

REGISTERED OFFICE:

The Old Workshop

1 Ecclesall Road South

Sheffield

S11 9PA

REGISTERED NUMBER:

12094129 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Tangible assets

4

51,140

279

Investment property

5

1,565,000

1,420,000

1,616,140

1,420,279

CURRENT ASSETS

Debtors

6

-

63,674

Cash at bank

13,204

3,215

13,204

66,889

CREDITORS

Amounts falling due within one year

7

848,364

686,007

NET CURRENT LIABILITIES

(835,160

)

(619,118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

780,980

801,161

CREDITORS

Amounts falling due after more than one year

8

(968,091

)

(866,617

)

PROVISIONS FOR LIABILITIES

-

(10,997

)

NET LIABILITIES

(187,111

)

(76,453

)

CAPITAL AND RESERVES

Called up share capital

1

1

Non-distributable reserves

10

-

(3,915

)

Retained earnings

(187,112

)

(72,539

)

SHAREHOLDERS' FUNDS

(187,111

)

(76,453

)

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 director acknowledges his 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 director and authorised for issue on 25 April 2026 and were signed by:

J A Akinoso - Director

1.	STATUTORY INFORMATION

Indigo Homes Ltd 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.

Computer Equipment - 20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

698

Additions

60,000

At 31 July 2025

60,698

DEPRECIATION

At 1 August 2024

419

Charge for year

9,139

At 31 July 2025

9,558

NET BOOK VALUE

At 31 July 2025

51,140

At 31 July 2024

279

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

1,420,000

Additions

159,573

Revaluations

(14,573

)

At 31 July 2025

1,565,000

NET BOOK VALUE

At 31 July 2025

1,565,000

At 31 July 2024

1,420,000

Fair value at 31 July 2025 is represented by:

£

Valuation in 2021

90,844

Valuation in 2023

(35,543

)

Valuation in 2024

(48,219

)

Valuation in 2025

(14,573

)

Cost

1,572,491

1,565,000

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

31.7.25

31.7.24

£

£

Cost

1,572,491

1,412,918

The properties held were valued on an open market basis on 31 July 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

-

9,336

Other debtors

-

54,338

-

63,674

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Other creditors

848,364

686,007

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

968,091

866,617

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

968,091

866,617

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Mortgages

968,091

866,617

Fixed and/or floating charge secured mortgages held on the following properties:

- Flat 712, Transmission Street, 11 Tib Street, Manchester

- Flat 3, Printing Press House, 17 School Street, Manchester

- Sandringham House, 20B Windsor Street, Salford

- Sandringham House, 30B Windsor Street, Salford

- Sandringham House, 40B Windsor Street, Salford

- Flat 523, Transmission Street, 11 Tib Street, Manchester

- Flat 12, Quarter House, 33 Lord Nelson Street, Liverpool

10.

RESERVES

Non-distribu

reserves

£

At 1 August 2024

(3,915

)

Reserves reclassification

3,915

At 31 July 2025

-

11.	ULTIMATE CONTROLLING PARTY

The controlling party is J A Akinoso.