The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

Pure Homes NW Limited is a private company limited by shares incorporated in England and Wales. The registered office is New Vision House, New Vision Business Park, Glascoed Road, St Asaph, Denbighshire, LL17 0LP.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The directors have prepared cash flow forecasts which demonstrate that the company will continue to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements.true

This is supported by continued funding from the company’s lenders, together with financial support from its parent undertaking, and the availability of development finance facilities which are used to fund ongoing development activities. The directors expect these facilities to be repaid through a combination of property sales and ongoing funding arrangements.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue for house sales is recognised at legal completion of house sales and represents the achieved sales values, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Stocks and work in progress are stated at the lower of cost and net realisable value; cost includes materials, labour and sub-contract work. Where applicable, directly attributable borrowing costs are capitalised as part of the cost of development. The company's land stocks comprise two main categories:

Type 1: land where construction has commenced at the year end and which is generally short to medium term in its development horizon.

Type 2: land where no construction has taken place at the year end.

Net realisable value for land where construction has commenced at the year end (Type 1) is assessed by estimating selling prices and associated costs (including sales and marketing expenses), taking into account current market conditions at the Balance Sheet date.

Land where construction has not commenced at the year end (Type 2) has its net realisable value assessed based on the land's likely use, taking account of current estimated selling prices and associated costs, at that time, assuming an appropriate financial return to reflect current market conditions and the prevailing financial environment at the Balance Sheet date.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the year was:

The company has development loan facilities with the Development Bank of Wales and Signature Property Finance. At 31 October 2025, the outstanding balances were:

Development Bank of Wales: £2,408,441 (2024: £1,343,451)

Signature Property Finance: £1,042,089 (2024: £1,953,242)

The facilities are secured by legal charges over the relevant development sites together with debentures over the assets of the company and personal guarantees from the directors.

The Development Bank of Wales facility is repayable from proceeds of property sales or refinancing and is due to be repaid within the agreed loan term.

The Signature Property Finance facility was extended during the year and remains repayable within the revised term.

Both facilities are repayable within twelve months of the balance sheet date and are therefore classified as amounts falling due within one year.

The directors expect these facilities to be repaid or refinanced through a combination of property sales and ongoing funding arrangements.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 October 2025 and of its loss for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

The immediate parent company is Pure Residential & Commercial Limited, a company registered in England and Wales, company number 03262438. The registered address is the same as for Pure Homes NW Limited.

The ultimate parent company is K&C Group (NW) Limited, a company registered in England and Wales, company number 08787609. The registered address is the same as for Pure Homes NW Limited. K&C Group (NW) Limited is the largest group of companies into which the company's results are consolidated where the financial statements are available to the public. Copies of the consolidated financial statements of K&C Group (NW) Limited may be obtained from the Registrar of Companies at Crown Way, Cardiff, CF14 3UZ.