REGISTERED NUMBER: 09240127 (England and Wales)

Report of the Directors and

Unaudited Consolidated Financial Statements

for the Year Ended 31 January 2026

for

Asquith Homes Limited

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Consolidated Statement of Changes in Equity

8

Company Statement of Changes in Equity

9

Notes to the Consolidated Financial Statements

10

DIRECTORS:

Mr P J Gannon

Mrs M D Gannon

Ms B A Hutcheson

Mrs V L Mudie

Mr A P Mudie

SECRETARY:

Mr P J Gannon

REGISTERED OFFICE:

64 Wellington Road

Edgbaston

Birmingham

B15 2ET

REGISTERED NUMBER:

09240127 (England and Wales)

ACCOUNTANTS:

Freedman Frankl & Taylor

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2026.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

Mr P J Gannon

Mrs M D Gannon

Ms B A Hutcheson

Mrs V L Mudie

Mr A P Mudie

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr P J Gannon - Director

21 July 2026

TURNOVER

31,006

46,718

Cost of sales

(135,105

)

-

GROSS (LOSS)/PROFIT

(104,099

)

46,718

Administrative expenses

339,009

(8,258

)

OPERATING PROFIT

234,910

38,460

Interest receivable and similar income

19,060

9,870

PROFIT BEFORE TAXATION

253,970

48,330

Tax on profit

(12,537

)

(11,270

)

PROFIT FOR THE FINANCIAL YEAR

241,433

37,060

Profit attributable to:

Owners of the parent

241,433

37,060

FIXED ASSETS

Tangible assets

5

48,333

48,333

Investments

6

23

25

Investment property

7

-

874,895

48,356

923,253

CURRENT ASSETS

Debtors

8

38,519

105,060

Cash at bank and in hand

1,103,328

347,450

1,141,847

452,510

CREDITORS

Amounts falling due within one year

9

(562,561

)

(886,391

)

NET CURRENT ASSETS/(LIABILITIES)

579,286

(433,881

)

TOTAL ASSETS LESS CURRENT LIABILITIES

627,642

489,372

CAPITAL AND RESERVES

Called up share capital

450

450

Share premium

31,065

31,065

Retained earnings

596,127

457,857

627,642

489,372

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2026 and were signed on its behalf by:

Mr P J Gannon - Director

FIXED ASSETS

Tangible assets

5

-

-

Investments

6

348

351

Investment property

7

-

-

348

351

CURRENT ASSETS

Debtors

8

177,710

341,741

Cash at bank and in hand

847,400

93,874

1,025,110

435,615

CREDITORS

Amounts falling due within one year

9

(315,923

)

(44,137

)

NET CURRENT ASSETS

709,187

391,478

TOTAL ASSETS LESS CURRENT LIABILITIES

709,535

391,829

CAPITAL AND RESERVES

Called up share capital

450

450

Retained earnings

709,085

391,379

709,535

391,829

Company's profit for the financial year

347,856

3,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2026 and were signed on its behalf by:

Mr P J Gannon - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 February 2024

450

420,797

31,065

452,312

Changes in equity

Total comprehensive income

-

37,060

-

37,060

Balance at 31 January 2025

450

457,857

31,065

489,372

Changes in equity

Dividends

-

(30,150

)

-

(30,150

)

Total comprehensive income

-

168,420

-

168,420

Balance at 31 January 2026

450

596,127

31,065

627,642

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2024

450

388,020

388,470

Changes in equity

Total comprehensive income

-

3,359

3,359

Balance at 31 January 2025

450

391,379

391,829

Changes in equity

Dividends

-

(30,150

)

(30,150

)

Total comprehensive income

-

347,856

347,856

Balance at 31 January 2026

450

709,085

709,535

1.	STATUTORY INFORMATION

Asquith 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 General 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.

Basis of consolidation

The group financial statements include the financial statements of the company and its subsidiary undertakings. The results of subsidiaries acquired or sold are consolidated from the periods from or to the date on which control passes. Acquisitions are accounted for under the acquisition method.

Other investments

The group holds 22.5% of the ordinary share capital of AHSP Holdings Limited, a company registered in England and Wales.The group does not exercise any significant influence of its financial and operating policies. Although the proportion of its shareholding indicates a participating interest, it is treated as an investment and not an associated company.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

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

Rental income from operating leases is recognised on a receivable basis.

Interest

Interest income is recognised on a received basis.

Tangible fixed assets

No depreciation is provided on the long leasehold assets because the directors expect the residual value to be greater than or equal to cost.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Going concern

The financial statements for the year ended 31 January 2026 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company and group have adequate resources to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2025 - NIL).

4.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

5.	TANGIBLE FIXED ASSETS

Group

Long

leasehold

£

COST

At 1 February 2025

and 31 January 2026

48,333

NET BOOK VALUE

At 31 January 2026

48,333

At 31 January 2025

48,333

6.	FIXED ASSET INVESTMENTS

Group

Other

investments

£

COST

At 1 February 2025

25

Additions

23

Disposals

(25

)

At 31 January 2026

23

NET BOOK VALUE

At 31 January 2026

23

At 31 January 2025

25

Company

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 February 2025

326

25

351

Additions

-

23

23

Disposals

(1

)

(25

)

(26

)

At 31 January 2026

325

23

348

NET BOOK VALUE

At 31 January 2026

325

23

348

At 31 January 2025

326

25

351

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Asquith House Limited

Registered office: England & Wales

Nature of business: Buying and selling of property

%

Class of shares:

holding

Ordinary shares

100.00

101 Bath Street Limited

Registered office: England & Wales

Nature of business: Personal service activities

%

Class of shares:

holding

Ordinary shares

100.00

No 10 Clement Street Limited

Registered office: England & Wales

Nature of business: Professional scientific technical services

%

Class of shares:

holding

Ordinary shares

100.00

7.	INVESTMENT PROPERTY

Group

Total

£

FAIR VALUE

At 1 February 2025

874,895

Disposals

(874,895

)

At 31 January 2026

-

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

874,895

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2026

2025

2026

2025

£

£

£

£

Trade debtors

25,070

15,876

-

-

Amounts owed by group undertakings

-

-

169,529

339,555

Other debtors

13,449

89,184

8,181

2,186

38,519

105,060

177,710

341,741

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2026

2025

2026

2025

£

£

£

£

Trade creditors

2,935

171,644

504

351

Amounts owed to group undertakings

-

-

237,127

-

Taxation and social security

6,182

11,270

3,285

788

Other creditors

553,444

703,477

75,007

42,998

562,561

886,391

315,923

44,137

10.	RELATED PARTY DISCLOSURES

At 31 January 2026, other creditors included director's current account balances amounting to £238,543 (2025: £430,571). There are no fixed repayment terms and the balances are interest free.

11.	ULTIMATE CONTROLLING PARTY

The company and group have been controlled throughout the year by its directors.