Park Head Homes Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09690525

Park Head Homes Limited

Filleted Unaudited Financial Statements

31 August 2025

Park Head Homes Limited

Financial Statements

Year ended 31 August 2025

Contents	Pages

Officers and professional advisers	1

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	4 to 6

Park Head Homes Limited

Officers and Professional Advisers

Director	Mr M D Flowers

Company secretary	Mrs K Tomlinson

Registered office	25 Stewart Road
	Sheffield
	S11 8XS

Accountants	Hebblethwaites
	Chartered accountants
	2 Westbrook Court
	Sharrow Vale Road
	Sheffield
	S11 8YZ

Park Head Homes Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Park Head Homes Limited

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Park Head Homes Limited for the year ended 31 August 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Park Head Homes Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Park Head Homes Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Park Head Homes Limited and its director for our work or for this report.

It is your duty to ensure that Park Head Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Park Head Homes Limited. You consider that Park Head Homes Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Park Head Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hebblethwaites Chartered accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

26 June 2026

Park Head Homes Limited

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Current assets

Stocks		1,262,442	583,538
Debtors	4	32,925	–
Cash at bank and in hand		72,902	7,677
		------------	---------
		1,368,269	591,215

Creditors: amounts falling due within one year	5	1,254,665	478,847
		------------	---------
Net current assets		113,604	112,368
		---------	---------
Total assets less current liabilities		113,604	112,368
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	113,504	112,268
	---------	---------
Shareholders funds	113,604	112,368
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 24 June 2026 , and are signed on behalf of the board by:

Mr M D Flowers
Director

Company registration number: 09690525

Park Head Homes Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 25 Stewart Road, Sheffield, S11 8XS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered during the year. Revenue from the sale of development properties is recognised at the point in time when control passes to the purchaser, which is generally on legal completion.

Income tax

The taxation expense represents the sum of the tax currently payable. Current tax is recognised on taxable profit for the current year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Expenditure incurred on the remediation of contaminated or derelict land is eligible for Land Remediation Relief where conditions are met. Qualifying expenditure may attract an enhanced tax deduction which will be recognised in the period when the tax recovery crystallises.

Stocks

Stocks comprise land and buildings held for development and sale. Costs included within stock and work in progress include land acquisition costs, direct construction costs (materials and labour), professional fees, levies and other costs, including compensation, directly attributable to bringing the property to its present condition. Development costs are accumulated as work in progress until the property is completed and sold. Properties under construction are included within stocks as work in progress.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Debtors

	2025	2024
	£	£
Other debtors	32,925	–
	--------	----

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	23,907	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,219,230	465,000
Corporation tax	290	5,409
Social security and other taxes	–	1,275
Other creditors	11,238	7,163
	------------	---------
	1,254,665	478,847
	------------	---------

6. Director's advances, credits and guarantees

At the year end date, the company was indebted to the director and his family, by way of loan funding and included in other creditors at note 6 above, in the sum of £11,238 (2024: £2,215). The funding has been provided on an interest free basis with no formal repayment terms.

7. Related party transactions

Included within creditors at the year end date is a loan balance of monies owing by Park Head Homes Limited to a related party, in the sum of £705,000 (2024: £465,000). The two companies are associated by virtue of the related party being a shareholder in Park Head Homes Limited . The loan is not subject to any formal repayment terms and interest has not been charged nor is it chargeable. Also included within creditors at the year end date is a second loan balance owing by Park Head Homes Limited to a further related party, in the sum of £514,231 (2024: £Nil). The companies are associated by virtue of the related party also being a shareholder in Park Head Homes Limited . The loan is not subject to any formal repayment terms and interest has not been charged nor is it chargeable. Included within debtors (other debtors at note 5 above) at the year end date is a loan account balance owing to Park Head Homes Limited from a related party, in the sum of £15,572 (2024: creditor loan balance owing by Park Head Homes Limited to the related party in the sum of £4,429). The two companies are associated by virtue of common family ownership. The loan is not subject to any formal repayment terms and interest has not been charged nor is it chargeable.

8. Controlling party

The parent company is Peligro Industries Limited, a company incorporated in England and Wales. The registered office address of the parent company is 25 Stewart Road, Sheffield, S11 8XS. The group structure headed by Peligro Industries Limited qualifies as a small group, and therefore the parent company is not required to prepare consolidated financial statements. The ultimate controlling parties are Mr D P Flowers and Mrs S R Silver.