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Kernow Homes Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Directors Mr James Cox
Ms Chetna Mistry
Mr Reginald Lee
Mrs Lesley Jessop
Company Number 01544557
Registered Office C/O Sears Morgan Property Management Ltd
Suite A5 Kebbell House
Bushey Heath Delta Gain Carpenders Park
Hertfordahire
WD19 5EF
Accountants Capitax Financial Ltd
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Page 1
Page 2
Balance Sheet
Registered number: 01544557
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1
1 1
CURRENT ASSETS
Debtors 5 51,119 58,087
51,119 58,087
Creditors: Amounts Falling Due Within One Year 6 (10,161 ) (1,155 )
NET CURRENT ASSETS (LIABILITIES) 40,958 56,932
TOTAL ASSETS LESS CURRENT LIABILITIES 40,959 56,933
NET ASSETS 40,959 56,933
CAPITAL AND RESERVES
Called up share capital 7 24 24
Other reserves 40,935 56,909
SHAREHOLDERS' FUNDS 40,959 56,933
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Ms Chetna Mistry
Director
06/07/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kernow Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01544557 . The registered office is C/O Sears Morgan Property Management Ltd, Suite A5 Kebbell House, Bushey Heath Delta Gain Carpenders Park, Hertfordahire, WD19 5EF.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2025 1
As at 31 March 2026 1
Net Book Value
As at 31 March 2026 1
As at 1 April 2025 1
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 166 -
John Whiteman Client Account - 58,087
Sears Morgan Client Account 50,953 -
51,119 58,087
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 251 -
Accrued expenses 1,110 1,110
Deferred income 8,800 45
10,161 1,155
7. Share Capital
2026 2025
Allotted, called up and fully paid £ £
24 Ordinary Shares of £ 1.00 each 24 24
8. Reserves
Other reserves Profit and Loss Account
£ £
As at 1 April 2025 56,909 -
Profit for the year and total comprehensive income - -
Movements in other reserves (15,974) -
As at 31 March 2026 40,935 -
9. Exceptional Items
                                                                                                                                                                       31.3.25                            31.3.25
                                                                                                                                                                            £                                      £
TRF TO/FROM Maintenance Reserv                                                                                                              15,974                            (3,713)
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