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Company No: 16066627 (England and Wales)

# BUNNYWELL (ST ALBANS) LTD

### Unaudited Financial Statements
For the financial period from 07 November 2024 to 30 November 2025
Pages for filing with the registrar

BUNNYWELL (ST ALBANS) LTD

## Unaudited Financial Statements

For the financial period from 07 November 2024 to 30 November 2025

Contents

BUNNYWELL (ST ALBANS) LTD

## BALANCE SHEET

As at 30 November 2025
BUNNYWELL (ST ALBANS) LTD

## BALANCE SHEET (continued)

As at 30 November 2025

| Note | 30.11.2025
|  | £
Current assets |  |
Stocks | 3 | 9,460,280
Debtors | 4 | 648,344
Cash at bank and in hand |  | 19,585
|  | 10,128,209
Creditors: amounts falling due within one year | 5 | ( 2,969,685)
Net current assets |  | 7,158,524
Total assets less current liabilities |  | 7,158,524
Creditors: amounts falling due after more than one year | 6 | ( 7,164,822)
Net liabilities |  | ( 6,298)
Capital and reserves |  |
Called-up share capital | 7 | 100
Profit and loss account |  | ( 6,398 )
Total shareholders' deficit |  | ( 6,298)

For the financial period ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The directors acknowledge 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 Bunnywell (St Albans) Ltd (registered number: 16066627) were approved and authorised for issue by the Board of Directors on 04 August 2026. They were signed on its behalf by:

J P Lynch Director |

BUNNYWELL (ST ALBANS) LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 November 2024 to 30 November 2025
BUNNYWELL (ST ALBANS) LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 November 2024 to 30 November 2025

##### 1. Accounting policies

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

##### General information and basis of accounting

Bunnywell (St Albans) Ltd (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 5 Holmesdale Road, Teddington, TW11 9LJ, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Bunnywell (St Albans) Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

##### Reporting period length

The reporting period is over one year due to this being the first year of financial statements. There is no issue over comparability as these are first year accounts.

##### Taxation

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Stocks

Stock represents the costs incurred during the development of the properties. This is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises of all costs relating to the development of the properties.

##### 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, 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.

Basic financial 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.
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.

#### 2. Employees

| Period from 07.11.2024 to 30.11.2025
| Number
Monthly average number of persons employed by the Company during the period, including directors | 2

#### 3. Stocks

| 30.11.2025
| £
Work in progress | 9,460,280

#### 4. Debtors

| 30.11.2025
| £
Deferred tax asset | 2,133
Other debtors | 646,211
| 648,344

#### 5. Creditors: amounts falling due within one year

| 30.11.2025
| £
Trade creditors | 65,605
Other creditors | 2,904,080
| 2,969,685

Bank loans are secured by fixed and floating charges over the company's assets. Included within other creditors are loans of £1,399,921 secured by fixed charges over the freehold property known as Building 2, Abbey View, St Albans, AL1 2QU, including the associated land. The security arrangement also contains a negative pledge.

#### 6. Creditors: amounts falling due after more than one year

| 30.11.2025
| £
Bank loans (secured) | 7,164,822

Bank loans are secured by fixed and floating charges over the company's assets. Included within bank loans are loans of £7,164,822 secured by fixed charges over the freehold property known as Building 2, Abbey View, St Albans, AL1 2QU, including the associated land. The security arrangement also contains a negative pledge.

#### 7. Called-up share capital

| 30.11.2025
| £
Allotted, called-up and fully-paid |
10,000 Ordinary shares of £ 0.01 each | 100