REGISTERED NUMBER: 03767228 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

European Homes Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

E D John

I M John

E John

SECRETARY:

E D John

REGISTERED OFFICE:

Gorsgoch Farm

Llanarthne

Carmarthen

Carmarthenshire

SA32 8LJ

REGISTERED NUMBER:

03767228 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

13A Victoria Gardens

Neath

West Glamorgan

SA11 3AY

FIXED ASSETS

Tangible assets

5

14,883

19,094

CURRENT ASSETS

Stocks

490,680

451,220

Debtors

6

16,993

7,529

Cash at bank

163,478

263,558

671,151

722,307

CREDITORS

Amounts falling due within one year

7

446,967

453,052

NET CURRENT ASSETS

224,184

269,255

TOTAL ASSETS LESS CURRENT LIABILITIES

239,067

288,349

PROVISIONS FOR LIABILITIES

-

4,774

NET ASSETS

239,067

283,575

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

238,967

283,475

SHAREHOLDERS' FUNDS

239,067

283,575

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 February 2026 and were signed on its behalf by:

E D John - Director

1.	STATUTORY INFORMATION

European 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

294,063

DEPRECIATION

At 1 June 2024

274,969

Charge for year

4,211

At 31 May 2025

279,180

NET BOOK VALUE

At 31 May 2025

14,883

At 31 May 2024

19,094

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

2,400

-

Road Bond

5,000

5,000

VAT

-

2,529

Deferred tax asset

9,593

-

16,993

7,529

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

6,161

16,871

Tax

13,979

13,979

Social security and other taxes

1,138

2,224

VAT

452

-

Other creditors

365

446

Other creditors

4,817

5,007

Directors' current accounts

420,055

414,525

446,967

453,052

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,410 were paid to the directors .

The directors maintain current accounts with the company. During the year Mr E D John advanced £390 (2024 £Nil) to the company, Mr I M John advanced £3,560 (2024 £Nil) to the company and Mr E John advanced £1,580 (2024 £Nil) to the company. Mr E D John withdrew £Nil (2024 £1549), Mr I M John withdrew £Nil (2024 £Nil) and Mr E John withdrew £Nil (2024 £3,682) from their respective current accounts during the year. At the year end the directors held the following balances with the company- Mr E D John £191,109 (2024 £190,719); Mr I M John £81,064 (2024 £77,504) and Mr E John £147,882 (2024 £146,302). The advances are interest free.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the John family by virtue of their 100% shareholding.