Registration number: 10940739

Taylor Taylor Homes Limited

(Registration number: 10940739)
Statement of Financial Position as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	15,208	76,392
Current assets
Stocks	5	-	876,684
Debtors	6	129,771	152,748
Cash at bank and in hand		507	4,380
		130,278	1,033,812
Creditors: Amounts falling due within one year	7	(78,374)	(1,014,503)
Net current assets		51,904	19,309
Total assets less current liabilities		67,112	95,701
Creditors: Amounts falling due after more than one year	7	(22,352)	(53,285)
Net assets		44,760	42,416
Capital and reserves
Called up share capital		1	1
Retained earnings		44,759	42,415
Shareholders' funds		44,760	42,416

Taylor Taylor Homes Limited

(Registration number: 10940739)
Statement of Financial Position as at 31 August 2025

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 18 May 2026 and signed on its behalf by:
 

......................................... Mr Gareth James Taylor Director

Taylor Taylor Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4 Lansdowne Terrace
Gosforth
Newcastle Upon Tyne
Tyne And Wear
NE3 1HN

These financial statements were authorised for issue by the Board on 18 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Taylor Taylor Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	25% reducing balance
Motor vehicles	10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Taylor Taylor Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	8,338	96,140	104,478
Disposals	-	(68,546)	(68,546)
At 31 August 2025	8,338	27,594	35,932
Depreciation
At 1 September 2024	5,719	22,367	28,086
Charge for the year	1,668	3,331	4,999
Eliminated on disposal	-	(12,361)	(12,361)
At 31 August 2025	7,387	13,337	20,724
Carrying amount
At 31 August 2025	951	14,257	15,208
At 31 August 2024	2,619	73,773	76,392

5

Stocks

	2025 £	2024 £
Work in progress	-	876,684

6

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties	9	-	53,843
Other debtors		129,771	98,905
		129,771	152,748

Taylor Taylor Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	5,895	15,337
Trade creditors		1,677	3,304
Taxation and social security		445	-
Accruals and deferred income		2,400	2,400
Other creditors		67,957	993,462
		78,374	1,014,503

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	22,352	53,285

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	22,352	28,096
Hire purchase contracts	-	25,189
	22,352	53,285

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,895	6,046
Hire purchase contracts	-	9,291
	5,895	15,337

Taylor Taylor Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

9	Related party transactions

Summary of transactions with entities with joint control or significant interest

Taylor Taylor Investments Limited, a company under common control The company paid certain expenses on behalf of Taylor Taylor Investments Limited in the normal course of business. The total amount of expenses paid during the year was £17,167 (2024: £3,465). At the balance sheet date, a balance of £71,498 (2024: £54,331) was due from Taylor Taylor Investments Limited in respect of these expenses. This balance is unsecured, interest-free and no formal repayment terms have been agreed. No guarantees have been given or received in respect of this balance.

Taylor Taylor Homes (UK) Limited, a company under common control The company paid certain expenses on behalf of Taylor Taylor Homes (UK) Limited in the normal course of business. The total amount of expenses paid during the year was £4,430 (2024: £178,921). At the balance sheet date, a balance of £58,273 (2024: £53,843) was due from Taylor Taylor Homes (UK) Limited in respect of these expenses. This balance is unsecured, interest-free and no formal repayment terms have been agreed. No guarantees have been given or received in respect of this balance.

Taylor Ryder Limited, a company under joint control During the year,Taylor Ryder Limited introduced funds to the company to support its working capital requirements. The total amount of funds introduced during the year was £13,760 (2024: £19,508). At the balance sheet date, a balance of £34,122 (2024: £20,362) was due to the Taylor Ryder Limited. This balance is unsecured, interest-free and no formal repayment terms have been agreed. No guarantees have been given or received in respect of this balance.