SOMERSET HOME DEVELOPMENTS LTD

Unaudited Financial Statements
for the year ended 31 March 2026

Company registration number 10261697

(England and Wales)

Statement of Financial Position

As at 31 March 2026

Notes

2026

2025

£

Fixed assets

Tangible assets

7,374

7,797

Investment property

340,000

620,000

347,374

627,797

Current assets

Stocks

6

1,059

504

Debtors

7

1,662

620

Cash at bank and in hand

8

63,070

9,354

65,791

10,478

Creditors

Amounts falling due within one year

9

(79,814)

(106,790)

(79,814)

(106,790)

Net current assets (liabilities)

(14,023)

(96,312)

Total assets less current liabilities

333,351

531,485

Creditors

Amounts falling due after one year

10

(274,095)

(450,351)

(274,095)

(450,351)

Provisions for liabilities

11

(1,399)

(1,303)

Net assets (liabilities)

57,857

79,831

Capital and reserves

Called up share capital

13

100

Revaluation reserve

14

44,077

105,748

Profit and loss account

13,680

(26,017)

Total equity

57,857

79,831

The company is a private company limited by shares and registered in England and Wales. It was entitled to exemption from audit 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 financial statements.

The financial statements have been prepared in accordance with the special 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) of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444 (2A) of the Companies Act 2006.

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

Drayton, Christopher

Director

Company registration number 10261697

Notes to the Financial Statements

For the year ended 31 March 2026

1. 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.

The financial statements are presented in sterling and this is the functional currency of the company.

2. Accounting policies

2.1. Basis of preparation

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

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

3. Employees

The average number of employees during the year was 2 (2025: 2).

4. Tangible fixed assets

Total

£

Cost

At 1 April 2025

18,138

Additions

1,671

At 31 March 2026

19,809

Depreciation and impairment

At 1 April 2025

10,341

Charge for the period

1,946

Other charges

148

At 31 March 2026

12,435

Net book value

At 31 March 2026

7,374

At 31 March 2025

7,797

5. Investment property

Valuation

£

At 1 April 2025

620,000

Disposals

(280,000)

At 31 March 2026

340,000

6. Stocks and work in progress

2026

2025

£

Work in progress

1,059

504

Total

1,059

504

7. Debtors

2026

2025

£

Other debtors

1,424

-

Prepayments and accrued income

238

620

Total due within one year

1,662

620

Total due after one year

-

Total

1,662

620

8. Cash at bank and in hand

2026

2025

£

Cash at bank

63,070

9,354

Total

63,070

9,354

9. Creditors due within one year

2026

2025

£

Trade creditors

-

609

Other creditors

3,589

1,052

Directors loan account

65,470

103,291

Taxation and social security

9,177

398

Accruals and deferred income

1,578

1,440

Total

79,814

106,790

10. Creditors due after one year

2026

2025

£

Bank loans and overdrafts

274,095

450,351

Total

274,095

450,351

11. Provisions for liabilities

2026

2025

£

Deferred tax

1,399

1,303

Total

1,399

1,303

12. Deferred Tax

The deferred tax asset and provision consists of the following deferred tax liabilities/(assets):

2026

2025

£

Provisions

1,399

1,303

Net deferred tax liabilities/(assets)

1,399

1,303

Deferred tax liabilities

1,399

1,303

Net deferred tax liabilities/(assets)

1,399

1,303

The values of the deferred tax liabilities/(assets) at the balance sheet date have been calculated using the applicable rate when the asset is expected to be realised.

13. Share capital

2026

2025

£

Allotted, called up and fully paid

Ordinary £1.00

100

Total

100

14. Revaluation reserve

Valuation

£

Opening balance at 1 April 2025

105,748

Revaluations of property, plant and equipment

(61,671)

Closing balance at 31 March 2026

44,077

Registered office	Old Farm
	Pye Corner
	Merriott
	TA16 5NJ

Accountant	Blue Lias Accounting Limited
	Walker House
	Market Place
	Somerton
	Somerset
	TA11 7LX