Company No: 10413463 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,786		5,008
		2,786		5,008
Current assets
Stocks	4	3,624,221		2,689,004
Debtors	5	49,899		6,803
Cash at bank and in hand		22,498		14,339
		3,696,618		2,710,146
Creditors: amounts falling due within one year	6	( 2,264,240)		( 1,628,451)
Net current assets		1,432,378		1,081,695
Total assets less current liabilities		1,435,164		1,086,703
Creditors: amounts falling due after more than one year	7	( 583,321)		( 305,378)
Net assets		851,843		781,325
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		851,743		781,225
Total shareholder's funds		851,843		781,325

For the financial year ending 31 October 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Appletree Development (Homes) Limited (registered number: 10413463) were approved and authorised for issue by the Director on 24 July 2026. They were signed on its behalf by:

Karen Stammers Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Appletree Development (Homes) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
And turnover from the sale of a property is recognised when the property is transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery	3 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		2

3. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 01 November 2024	5,900		3,166		9,066
At 31 October 2025	5,900		3,166		9,066
Accumulated depreciation
At 01 November 2024	1,147		2,911		4,058
Charge for the financial year	1,967		255		2,222
At 31 October 2025	3,114		3,166		6,280
Net book value
At 31 October 2025	2,786		0		2,786
At 31 October 2024	4,753		255		5,008

4. Stocks

	2025		2024
	£		£
Stocks	3,624,221		2,689,004

5. Debtors

	2025		2024
	£		£
Corporation tax	0		98
Other debtors	49,899		6,705
	49,899		6,803

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	19,100		34,361
Taxation and social security	22,773		5,765
Other creditors	2,222,367		1,588,325
	2,264,240		1,628,451

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	583,321		305,378

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100