REGISTERED NUMBER: 14002251 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Duffin Homes Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Duffin

P M Duffin

J E Duffin

M Duffin

REGISTERED OFFICE:

Covert Farm

Garthorpe Road

Stonesby

Melton Mowbray

Leicestershire

LE14 4PS

REGISTERED NUMBER:

14002251 (England and Wales)

ACCOUNTANTS:

Xitax Limited

Pera Business Park

Nottingham Road

Melton Mowbray

Leicestershire

LE13 0PB

FIXED ASSETS

Investment property

4

206,232

-

CURRENT ASSETS

Stocks

3,053,349

1,211,075

Debtors

2,054,032

1,054,032

Cash at bank and in hand

103,143

1,199

5,210,524

2,266,306

CREDITORS

Amounts falling due within one year

5,398,263

2,266,766

NET CURRENT LIABILITIES

(187,739

)

(460

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,493

(460

)

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

18,343

(610

)

18,493

(460

)

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

S M Duffin - Director

1.	STATUTORY INFORMATION

Duffin Homes Ltd 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 Company 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.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

. the Company has transferred the significant risks and rewards of ownership to the buyer;

. the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

. the amount of revenue can be measured reliably;

. it is probable that the Company will receive the consideration due under the transaction; and

. the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Houses and land sales are recognised on formal completion.

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.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

206,232

At 31 March 2026

206,232

NET BOOK VALUE

At 31 March 2026

206,232

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

1,600,793

1,429,066

The bank loan is secured by a fixed charge over land at Scalford Road, Eastwell, Melton Mowbray, LE14 4EF.

6.	RELATED PARTY DISCLOSURES

Duffin Investments Limited: a company in which Mr J E Duffin and Mr P M Duffin are directors and controlling parties. At the year end, the balance due to Duffin Investments Limited was £664,008 (2025: £664,008). The loan is interest free and repayable on demand.

7.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Duffin Group Ltd which is a company registered in England and Wales and holds 100% of the issued share capital of the company.