REGISTERED NUMBER: 08690237 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Belgrave Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Buchanan

Mrs A Buchanan

S P Haskett

SECRETARY:

Turner Hampton Secretaries Limited

REGISTERED OFFICE:

3 Wellington Business Park

Dukes Ride

Crowthorne

Berkshire

RG45 6LS

REGISTERED NUMBER:

08690237 (England and Wales)

ACCOUNTANTS:

Turner Hampton

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Property, plant and equipment

4

268,537

273,176

CURRENT ASSETS

Inventories

2,295,497

2,860,129

Debtors

5

4,132,025

4,870,951

Cash at bank

359,838

196,114

6,787,360

7,927,194

CREDITORS

Amounts falling due within one year

6

(3,692,387

)

(4,059,201

)

NET CURRENT ASSETS

3,094,973

3,867,993

TOTAL ASSETS LESS CURRENT LIABILITIES

3,363,510

4,141,169

CREDITORS

Amounts falling due after more than one year

7

-

(824,145

)

PROVISIONS FOR LIABILITIES

(405

)

(441

)

NET ASSETS

3,363,105

3,316,583

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

3,363,003

3,316,481

SHAREHOLDERS' FUNDS

3,363,105

3,316,583

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 8 May 2026 and were signed on its behalf by:

P Buchanan - Director

1.	STATUTORY INFORMATION

Belgrave 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 represents total sales and work done less credit notes, discounts and value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

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

-

2% on cost

Plant & equipment

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Office equipment

-

20% on cost

Stocks

Stock is valued at the lower of cost and net realisable value.

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.

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.

Long term projects

Long term projects are assessed on a project by project basis and are reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Where the outcome of each long term project can be assessed with reasonable certainty before its conclusion, the attributable profit is recognised in the profit and loss account as the difference between the reported turnover and related costs for the project.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant &

and

property

equipment

fittings

£

£

£

COST

At 1 January 2025

313,248

52,723

8,307

Additions

-

-

-

At 31 December 2025

313,248

52,723

8,307

DEPRECIATION

At 1 January 2025

42,393

52,640

6,357

Charge for year

4,265

83

857

At 31 December 2025

46,658

52,723

7,214

NET BOOK VALUE

At 31 December 2025

266,590

-

1,093

At 31 December 2024

270,855

83

1,950

Computer

Office

equipment

equipment

Totals

£

£

£

COST

At 1 January 2025

2,345

3,702

380,325

Additions

739

107

846

At 31 December 2025

3,084

3,809

381,171

DEPRECIATION

At 1 January 2025

2,057

3,702

107,149

Charge for year

276

4

5,485

At 31 December 2025

2,333

3,706

112,634

NET BOOK VALUE

At 31 December 2025

751

103

268,537

At 31 December 2024

288

-

273,176

Included in cost of land and buildings is freehold land of £ 100,000 (2024 - £ 100,000 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

12,064

68,817

Amounts recoverable on contract

4,064,128

4,709,210

Other debtors

55,833

92,924

4,132,025

4,870,951

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

10,174

62,037

Trade creditors

150,214

468,812

Taxation and social security

20,621

18,380

Other creditors

3,511,378

3,509,972

3,692,387

4,059,201

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

817,366

Hire purchase contracts

-

6,779

-

824,145

8.	CONTINGENT LIABILITIES

There is a fixed and floating charge with The Royal Bank of Scotland Plc which was created on 10 November 2023. The amount secured is all assets and rights of the company owned now or in the future which is not held as security by any other bank. The charge remains outstanding.

There is a fixed charge with The Royal Bank of Scotland Plc which was created on 29 January 2024. Security has been provided on land currently under development. The charge remains outstanding.

9.	ULTIMATE CONTROLLING PARTY

The company was controlled by Mr P Buchanan and Mrs A Buchanan throughout the period by virtue of their interest in the issued share capital of the company.