REGISTERED NUMBER: 05399799

Financial Statements for the Year Ended 30th June 2025

for

Daniel Family Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T A Daniel

REGISTERED OFFICE:

16 North Common Road

Uxbridge

UB8 1PD

REGISTERED NUMBER:

05399799

ACCOUNTANTS:

Vitta Advisory Limited

54 Newberries Avenue

Radlett

Hertfordshire

WD7 7EP

FIXED ASSETS

Tangible assets

4

-

239

Investment property

5

584,204

1,000,349

584,204

1,000,588

CURRENT ASSETS

Stock and work in progress

-

426,394

Debtors

6

-

680,102

Cash at bank

785

807

785

1,107,303

CREDITORS

Amounts falling due within one year

7

(2,824,311

)

(2,016,555

)

NET CURRENT LIABILITIES

(2,823,526

)

(909,252

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,239,322

)

91,336

CREDITORS

Amounts falling due after more than one year

8

(1,218,047

)

(1,334,537

)

NET LIABILITIES

(3,457,369

)

(1,243,201

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

157,810

157,810

Retained earnings

(3,616,179

)

(1,402,011

)

(3,457,369

)

(1,243,201

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th June 2026 and were signed by:

T A Daniel - Director

1.	STATUTORY INFORMATION

Daniel Family Homes Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

At the balance sheet date the company had net liabilities of £3,457,369. The company's ability to meet its liabilities as they fall due is dependent on the realisation or refinancing of its property assets and on the continued support of its secured lender and connected parties. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern. The financial statements have been prepared on the going concern basis and do not include any adjustments that would result were that basis to be inappropriate.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stock and work in progress

Stocks of properties for sale are valued at the lower of cost and net realisable value and are subject to an annual impairment review.

Cost includes all expenditure incurred to bring the property to its current condition and location including an apportionment of development costs and interest.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st July 2024

and 30th June 2025

8,376

10,406

18,782

DEPRECIATION

At 1st July 2024

8,376

10,167

18,543

Charge for year

-

239

239

At 30th June 2025

8,376

10,406

18,782

NET BOOK VALUE

At 30th June 2025

-

-

-

At 30th June 2024

-

239

239

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2024

1,000,349

Additions

426,394

Disposals

(842,539

)

At 30th June 2025

584,204

NET BOOK VALUE

At 30th June 2025

584,204

At 30th June 2024

1,000,349

The fair value of investment property has been arrived at on the basis of a valuation carried out personally by the Directors. The valuation was made on an open market value basis by reference to market evidence of transactions prices for similar properties.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

Trade debtors

-

1,386

Other debtors

-

678,716

-

680,102

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

4,080

4,080

Other creditors

2,810,231

2,002,475

2,824,311

2,016,555

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/25

30/6/24

£

£

Bank loans

1,218,047

1,334,537

9.	CONTINGENT LIABILITIES, GUARANTEES AND SECURITY

The company has granted security over its property at 28 Rogers Lane, SL2 4LE, in favour of London Bridging Finance Limited in respect of borrowings and obligations owed to that lender by the director and by other companies under his control. The company is accordingly party to cross-guarantee and security arrangements under which its property may be called upon to meet those liabilities should the primary obligors fail to do so.

The company's exposure under these arrangements is limited to the secured interest in its property. No provision has been made, as the directors do not consider that any liability of the company is probable or capable of reliable measurement at the balance sheet date. The amount and timing of any liability that may arise remains uncertain.

10.	RELATED PARTY DISCLOSURES

During the year the company wrote off intercompany and related party debtor balances which the directors considered to be irrecoverable. This included a rent debtor of approximately £463,000 in respect of 28 Rogers Lane, written off following litigation in which the amount was found not to be recoverable.

Balances relating to a property held in the personal name of the director, together with the related mortgage, were removed from the company's balance sheet and transferred to the director's loan account, on the basis that they do not represent assets or liabilities of the company.

Other than as disclosed in these financial statements, there were no material related party transactions requiring disclosure under Section 1A of FRS 102.