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Registered number: 15151305
Tudway Homes Ltd
Financial Statements
For The Year Ended 30 September 2025
Valentis (UK) Ltd
ACCA
6-8 Great Eastern Street
London
EC2A 3NT
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15151305
30 September 2025 30 September 2024
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 510,970 840,684
Cash at bank and in hand 1,595 46,764
512,565 887,448
Creditors: Amounts Falling Due Within One Year 5 (222,165 ) (576,002 )
NET CURRENT ASSETS (LIABILITIES) 290,400 311,446
TOTAL ASSETS LESS CURRENT LIABILITIES 290,400 311,446
Creditors: Amounts Falling Due After More Than One Year 6 (247,811 ) (310,998 )
NET ASSETS 42,589 448
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 42,587 446
SHAREHOLDERS' FUNDS 42,589 448
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nawaz Ahmed
Director
24/06/2026
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Tudway Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15151305 . The registered office is 63-66 Hatton Garden, Fifth Floor, Suite 23, London, England, EC1N 8LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the proceeds from the sale of completed residential development properties, excluding value added tax.
Revenue is recognised when control of the property passes to the purchaser, which is normally the date of legal completion.
2.3. Stocks and Work in Progress
Property development stock is stated at the lower of cost and net realisable value.
Cost includes property acquisition costs, development expenditure, professional fees, borrowing costs capitalised where appropriate and other costs directly attributable to bringing the property to its present condition.
Net realisable value represents the estimated selling price less the estimated costs of completion and sale.
Property development stock comprises residential properties held for resale in the ordinary course of business.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Stocks
30 September 2025 30 September 2024
£ £
Property development stock 510,970 840,684
5. Creditors: Amounts Falling Due Within One Year
30 September 2025 30 September 2024
£ £
Other loans 209,628 575,897
Corporation tax 10,377 105
Accruals and deferred income 2,160 -
222,165 576,002
6. Creditors: Amounts Falling Due After More Than One Year
30 September 2025 30 September 2024
£ £
Other creditors 24,000 131,885
Directors loan account 223,811 179,113
247,811 310,998
7. Secured Creditors
Included within creditors are secured borrowings of £209,628 (2024: £575,897). These borrowings are secured by legal charges over property owned by the company together with fixed and floating charges over the assets and undertaking of the company.
8. Share Capital
30 September 2025 30 September 2024
£ £
Allotted, Called up and fully paid 2 2
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