KINGSWAY HOMES LTD


Director	SERSTOBOJEVS, Vladimirs


Registered Address	Excel House
	3 Duke Street
	Bedford
	MK40 3HR


Registered Number	09018266 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments			-		3,231,756
			-		3,231,756
Current assets
Debtors		-		19,096
Cash at bank and on hand		27,906		4,637
		27,906		23,733
Creditors amounts falling due within one year	3	(170,907)		(125,910)
Net current assets (liabilities)			(143,001)		(102,177)
Total assets less current liabilities			(143,001)		3,129,579
Creditors amounts falling due after one year	4		(6,012,122)		(9,069,474)
Net assets			(6,155,123)		(5,939,895)
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			(6,156,123)		(5,940,895)
Shareholders' funds			(6,155,123)		(5,939,895)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 21 May 2026, and are signed on its behalf by:

SERSTOBOJEVS, Vladimirs
Director
Registered Company No. 09018266

KINGSWAY HOMES LTD

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		7

3.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	119,766	45,242
Bank borrowings and overdrafts	-	17
Taxation and social security	46,343	72,657
Other creditors	3,499	2,828
Accrued liabilities and deferred income	1,299	5,166
Total	170,907	125,910

4.	Creditors: amounts due after one year

	2025	2024
	£	£
Trade creditors / trade payables	4,278,331	-
Bank borrowings and overdrafts	1,733,791	9,069,474
Total	6,012,122	9,069,474