REGISTERED NUMBER: 09228216 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

E M Homes Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

5

58,731

50,547

Current assets

Stocks

525,808

904,932

Debtors

6

85,284

4,844

Cash at bank

398,416

819,618

1,009,508

1,729,394

Creditors

Amounts falling due within one year

7

(563,291

)

(1,378,037

)

Net current assets

446,217

351,357

Total assets less current liabilities

504,948

401,904

Provisions for liabilities

(14,600

)

-

Net assets

490,348

401,904

Capital and reserves

Called up share capital

100

100

Retained earnings

490,248

401,804

490,348

401,904

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

Mr E W McDonnell - Director

1.	Statutory information

E M Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09228216

Registered office:

9-10 The Crescent

Wisbech

Cambridgeshire

PE13 1EH

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover comprises amounts derived from the company's principal activities, exclusive of VAT and trade discounts.

Revenue from the sale of completed development properties is recognised at the point of completion, when the significant risks and rewards of ownership have passed to the buyer and it is probable that the economic benefits will flow to the company.

Revenue from construction contracts is recognised by reference to the stage of completion of the contract activity at the balance sheet date, assessed by reference to costs incurred as a proportion of total estimated contract costs. Where the outcome of a contract cannot be estimated reliably, revenue is recognised only to the extent of contract costs incurred that it is probable will be recovered. Foreseeable losses on contracts are recognised immediately in full.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% p.a. reducing balance

Motor vehicles

-

15% p.a. reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are stated at the lower of cost and net realisable value.

For speculative property development, cost comprises land acquisition costs, direct development expenditure (including construction costs and professional fees), and directly attributable finance costs incurred during the development period. Net realisable value is the estimated selling price less costs to complete and sell. Properties are transferred to debtors or other appropriate categories upon exchange of contracts.

For construction contracts, amounts recoverable on contracts (contract work in progress) are stated at cost plus attributable profit, less foreseeable losses and progress billings. Where progress billings exceed the amount of costs incurred plus attributable profit, the excess is included within creditors as payments on account.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	Employees and directors

The average number of employees during the year was 2 (2024 - 1 ) .

5.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 September 2024

64,644

32,228

649

97,521

Additions

725

43,634

-

44,359

Disposals

(2,600

)

(32,228

)

-

(34,828

)

At 31 August 2025

62,769

43,634

649

107,052

Depreciation

At 1 September 2024

36,223

10,575

176

46,974

Charge for year

7,099

8,618

162

15,879

Eliminated on disposal

(1,702

)

(12,830

)

-

(14,532

)

At 31 August 2025

41,620

6,363

338

48,321

Net book value

At 31 August 2025

21,149

37,271

311

58,731

At 31 August 2024

28,421

21,653

473

50,547

6.

Debtors: amounts falling due within one year

31.8.25

31.8.24

£

£

Trade debtors

-

729

Other debtors

85,284

4,115

85,284

4,844

7.

Creditors: amounts falling due within one year

31.8.25

31.8.24

£

£

Trade creditors

19,701

1,110

Taxation and social security

47,426

66,312

Other creditors

496,164

1,310,615

563,291

1,378,037

8.	Related party disclosures

During the year the company borrowed money from McDonnell Leisure Limited of which £490,000 (2024: £695,000) remained outstanding at the balance sheet date. One of the directors is also a director and shareholder of McDonnell Leisure Limited. The loan was interest free with no fixed date for repayment.