REGISTERED NUMBER: 13651936 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Target Homes Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

M R Harley

L M Harley

Registered office:

17 Vyrnwy Road

Saltney

Chester

CH4 8QN

Registered number:

13651936 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

58,516

29,284

Current assets

Debtors

5

104,354

60,070

Cash at bank

207,503

52,900

311,857

112,970

Creditors

Amounts falling due within one year

6

227,465

117,203

Net current assets/(liabilities)

84,392

(4,233

)

Total assets less current liabilities

142,908

25,051

Creditors

Amounts falling due after more than one year

7

(12,321

)

-

Provisions for liabilities

9

(14,629

)

(7,321

)

Net assets

115,958

17,730

Capital and reserves

Called up share capital

10

1

1

Retained earnings

115,957

17,729

Shareholders' funds

115,958

17,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 8 June 2026 and were signed on its behalf by:

M R Harley - Director

1.	Statutory information

Target 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.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 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.

Hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

3.	Employees and directors

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

4.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 March 2025

32,892

16,000

1,600

50,492

Additions

42,000

12,817

583

55,400

Disposals

(18,000

)

-

-

(18,000

)

At 28 February 2026

56,892

28,817

2,183

87,892

Depreciation

At 1 March 2025

10,608

9,000

1,600

21,208

Charge for year

5,795

5,779

194

11,768

Eliminated on disposal

(3,600

)

-

-

(3,600

)

At 28 February 2026

12,803

14,779

1,794

29,376

Net book value

At 28 February 2026

44,089

14,038

389

58,516

At 28 February 2025

22,284

7,000

-

29,284

5.

Debtors: amounts falling due within one year

28/2/26

28/2/25

£

£

Trade debtors

47,144

60,070

Other debtors

57,210

-

104,354

60,070

6.

Creditors: amounts falling due within one year

28/2/26

28/2/25

£

£

Hire purchase contracts

8,011

-

Trade creditors

28,000

6,820

Taxation and social security

65,689

45,653

Other creditors

125,765

64,730

227,465

117,203

7.

Creditors: amounts falling due after more than one year

28/2/26

28/2/25

£

£

Hire purchase contracts

12,321

-

8.	Secured debts

The following secured debts are included within creditors:

28/2/26

28/2/25

£

£

Hire purchase contracts

20,332

-

Hire purchase contracts are secured on the underlying assets.

9.	Provisions for liabilities

28/2/26

28/2/25

£

£

Deferred tax

14,629

7,321

Deferred

tax

£

Balance at 1 March 2025

7,321

Charge to Statement of Income and Retained Earnings during year

7,308

Balance at 28 February 2026

14,629

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/26

28/2/25

value:

£

£

100

Ordinary shares

£0.01

1

1

11.	Related party disclosures

A director has made loans to the company. The balance on these loans at 28 February 2026 was £3,029 (2025 - £3,735). The loans are interest-free and repayable on demand.