REGISTERED NUMBER: 10442880 (England and Wales)

Report of the Director and

Unaudited Consolidated Financial Statements for the Year Ended 30 June 2025

for

Lita Homes Limited

Page

Company Information

1

Report of the Director

2

Chartered Certified Accountants' Report

3

Consolidated Statement of Income and Retained Earnings

4

Consolidated Balance Sheet

5

Company Balance Sheet

7

Notes to the Consolidated Financial Statements

9

DIRECTOR:

X Lita

REGISTERED OFFICE:

Standard House

107 - 115 Eastmoor Street

London

SE7 8LX

REGISTERED NUMBER:

10442880 (England and Wales)

ACCOUNTANTS:

Valuemaven Business Services (UK) LImited

Chartered Certified Accountants

7 Lita Mews

Romford

RM1 3FG

The director presents his report with the financial statements of the company and the group for the year ended 30 June 2025.

DIRECTOR

X Lita held office during the whole of the period from 1 July 2024 to the date of this report.

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:

X Lita - Director

13 August 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lita Homes Limited for the year ended 30 June 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet and the related notes from the company's and the group's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Lita Homes Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lita Homes Limited and state those matters that we have agreed to state to the director of Lita Homes Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the group and the company's director for our work or for this report.

It is your duty to ensure that Lita Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lita Homes Limited. You consider that Lita Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lita Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Valuemaven Business Services (UK) LImited

Chartered Certified Accountants

7 Lita Mews

Romford

RM1 3FG

13 August 2026

TURNOVER

9,437,309

20,238,575

Cost of sales

6,010,053

16,696,571

GROSS PROFIT

3,427,256

3,542,004

Administrative expenses

557,241

(1,700,744

)

OPERATING PROFIT

2,870,015

5,242,748

Interest receivable and similar income

152

-

2,870,167

5,242,748

Interest payable and similar expenses

2,270,354

1,976,098

PROFIT BEFORE TAXATION

599,813

3,266,650

Tax on profit

187,170

1,108,789

PROFIT FOR THE FINANCIAL YEAR

412,643

2,157,861

Retained earnings at beginning of year

12,759,826

10,601,965

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR

13,172,469

12,759,826

Profit attributable to:

Owners of the parent

412,643

2,157,861

FIXED ASSETS

Tangible assets

5

10,312,213

8,247,896

Investments

6

900,000

900,000

Investment property

7

21,293,473

21,293,473

32,505,686

30,441,369

CURRENT ASSETS

Stocks

4,593,278

4,611,416

Debtors

8

539,581

2,194,633

Cash at bank

1,980,672

4,748,547

7,113,531

11,554,596

CREDITORS

Amounts falling due within one year

9

22,422,990

25,212,372

NET CURRENT LIABILITIES

(15,309,459

)

(13,657,776

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,196,227

16,783,593

PROVISIONS FOR LIABILITIES

3,373,658

3,373,658

NET ASSETS

13,822,569

13,409,935

CAPITAL AND RESERVES

Called up share capital

100

109

Revaluation reserve

11

650,000

650,000

Retained earnings

13,172,469

12,759,826

13,822,569

13,409,935

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 August 2026 and were signed by:

X Lita - Director

FIXED ASSETS

Tangible assets

5

-

-

Investments

6

675

459

Investment property

7

-

-

675

459

CURRENT ASSETS

Debtors

8

4,187,907

546,987

Cash at bank

316,815

2,929,990

4,504,722

3,476,977

CREDITORS

Amounts falling due within one year

9

157,212

251,341

NET CURRENT ASSETS

4,347,510

3,225,636

TOTAL ASSETS LESS CURRENT LIABILITIES

4,348,185

3,226,095

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,348,085

3,225,995

4,348,185

3,226,095

Company's profit for the financial year

1,122,090

304,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 August 2026 and were signed by:

X Lita - Director

1.	STATUTORY INFORMATION

Lita 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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.

Financial instruments

A financial asset or a a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Income and Retained Earnings, 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 1 (2024 - 1 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 1 (2024 - 1 ) .

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

Land and

buildings

£

COST

At 1 July 2024

8,247,896

Additions

4,412,960

Disposals

(2,348,643

)

At 30 June 2025

10,312,213

NET BOOK VALUE

At 30 June 2025

10,312,213

At 30 June 2024

8,247,896

6.	FIXED ASSET INVESTMENTS

Group

Other

investment

£

COST

At 1 July 2024

and 30 June 2025

900,000

NET BOOK VALUE

At 30 June 2025

900,000

At 30 June 2024

900,000

Company

Other

investment

£

COST

At 1 July 2024

459

Additions

216

At 30 June 2025

675

NET BOOK VALUE

At 30 June 2025

675

At 30 June 2024

459

7.	INVESTMENT PROPERTY

Group

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

21,293,473

NET BOOK VALUE

At 30 June 2025

21,293,473

At 30 June 2024

21,293,473

Fair value at 30 June 2025 is represented by:

£

Valuation in 2021

12,116,891

Valuation in 2022

6,975,461

Valuation in 2024

2,201,121

21,293,473

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

30.6.25

30.6.24

30.6.25

30.6.24

£

£

£

£

Trade debtors

84,994

181,973

-

-

Amounts owed by group undertakings

-

-

4,187,907

546,987

Other debtors

454,587

2,012,660

-

-

539,581

2,194,633

4,187,907

546,987

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

30.6.25

30.6.24

30.6.25

30.6.24

£

£

£

£

Bank loans and overdrafts

18,011,922

21,314,333

-

-

Trade creditors

1,560,732

1,711,992

-

-

Amounts owed to group undertakings

93,378

-

-

-

Taxation and social security

459,947

293,930

-

-

Other creditors

2,297,011

1,892,117

157,212

251,341

22,422,990

25,212,372

157,212

251,341

10.	SECURED DEBTS

The following secured debts are included within creditors:

Group

30.6.25

30.6.24

£

£

Bank loans

18,011,922

21,314,333

The bank loans are secured against the investment property of the company.

11.

RESERVES

Group

Revaluatio

reserve

£

At 1 July 2024

and 30 June 2025

650,000

12.	ULTIMATE CONTROLLING PARTY

The controlling party is X Lita.

The ultimate controlling party is X Lita.