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REGISTERED NUMBER: 01655880 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

SWANHOME DEVELOPMENTS LIMITED

SWANHOME DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01655880) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| SWANHOME DEVELOPMENTS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | F M Swanborough

| W J Swanborough

| M Swanborough

| SECRETARY: | F M Swanborough

| REGISTERED OFFICE: | Unit 10

| Broadhelm Business Park

| Broadvale Close

| Pocklington

| East Yorkshire

| YO42 1AE

| REGISTERED NUMBER: | 01655880 (England and Wales)

| ACCOUNTANTS: | Lloyd Dowson Limited

| Medina House

| 2 Station Avenue

| Bridlington

| East Yorkshire

| YO16 4LZ

SWANHOME DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01655880) |

BALANCE SHEET

30 JUNE 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 799,385 |  | 820,988 |  |

Investments | 5 | 600 |  | 500 |  |

799,985 |  | 821,488 |  |

CURRENT ASSETS

Stocks | 1,428,404 |  | 2,005,297 |  |

Debtors | 6 | 1,055,591 |  | 636,438 |  |

Cash at bank and in hand | 1,099 |  | 787 |  |

2,485,094 |  | 2,642,522 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,933,537 |  | 1,898,176 |  |

NET CURRENT ASSETS | 551,557 |  | 744,346 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,351,542 |  | 1,565,834 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (797,859 | ) | (1,022,172 | ) |

PROVISIONS FOR LIABILITIES | (6,296 | ) | (7,747 | ) |

NET ASSETS | 547,387 |  | 535,915 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 20,000 |  | 20,000 |  |

Retained earnings | 527,387 |  | 515,915 |  |

SHAREHOLDERS' FUNDS | 547,387 |  | 535,915 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SWANHOME DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01655880) |

BALANCE SHEET - continued

30 JUNE 2025

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 4 June 2026 and were signed on its behalf by:

F M Swanborough - Director

SWANHOME DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01655880) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Swanhome Developments 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. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Preparation of consolidated financial statements

| The financial statements contain information about Swanhome Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover derives from commercial property sales and is recognised when properties are sold.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Work in progress

| Work in progress is valued at the lower of cost and net realisable value.

| 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.

SWANHOME DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01655880) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

| Pension costs and other post-retirement benefits

| The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 9 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024

| and 30 June 2025 | 790,000 |  | 247,137 |  | 1,037,137 |  |

| DEPRECIATION

| At 1 July 2024 | - |  | 216,149 |  | 216,149 |  |

| Charge for year | 15,800 |  | 5,803 |  | 21,603 |  |

| At 30 June 2025 | 15,800 |  | 221,952 |  | 237,752 |  |

| NET BOOK VALUE

| At 30 June 2025 | 774,200 |  | 25,185 |  | 799,385 |  |

| At 30 June 2024 | 790,000 |  | 30,988 |  | 820,988 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 July 2024 | 500 |  |

| Additions | 100 |  |

| At 30 June 2025 | 600 |  |

| NET BOOK VALUE

| At 30 June 2025 | 600 |  |

| At 30 June 2024 | 500 |  |

SWANHOME DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01655880) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 216,524 |  | 216,525 |  |

| Amounts owed by group undertakings | 587,687 |  | 239,928 |  |

| Amounts owed by associates | 168,223 |  | 107,247 |  |

| Other debtors | 83,157 |  | 72,738 |  |

1,055,591 |  | 636,438 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans and overdrafts | 54,822 |  | 98,816 |  |

| Trade creditors | 178,823 |  | 205,336 |  |

| Amounts owed to group undertakings | 1,386,406 |  | 1,248,598 |  |

| Amounts owed to associates | - |  | 4,803 |  |

| Taxation and social security | 18,840 |  | 7,930 |  |

| Other creditors | 294,646 |  | 332,693 |  |

1,933,537 |  | 1,898,176 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 284,775 |  | 277,740 |  |

| Other creditors | 513,084 |  | 744,432 |  |

797,859 |  | 1,022,172 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans | 185,545 |  | 259,350 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 292,958 |  | 490,698 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.25 |  | 30.6.24

| value: | £ | £ |

| 20,000 | Ordinary | £1 | 20,000 |  | 20,000 |  |