Company registration number 08423003 (England and Wales)
FELDON HOUSING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
FELDON HOUSING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
FELDON HOUSING LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,530
641
Investment property
5
1,000,000
1,000,000
1,001,530
1,000,641
Current assets
Stocks
-
250,000
Debtors
6
9,039
48,063
Cash at bank and in hand
301,530
50
310,569
298,113
Creditors: amounts falling due within one year
7
(556,475)
(425,202)
Net current liabilities
(245,906)
(127,089)
Total assets less current liabilities
755,624
873,552
Creditors: amounts falling due after more than one year
8
(711,293)
(721,625)
Provisions for liabilities
(21,528)
(16,361)
Net assets
22,803
135,566
Reserves
Income and expenditure account
22,803
135,566
Total members' funds
22,803
135,566
FELDON HOUSING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2026
28 February 2026
- 2 -

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 14 August 2026 and are signed on its behalf by:
Ms M Benmehdia
Mr D J Rodwell
Director
Director
Company registration number 08423003 (England and Wales)
FELDON HOUSING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 3 -
1
Accounting policies
Company information

Feldon Housing Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Level 5A, Maple House, 149 Tottenham Court Road, London, W1T 7NF.

1.1
Accounting convention

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services 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.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Turnover represents revenue from sale of property and rental income. Revenue from sale of property is recognised when the significant risks and rewards of ownership of the property have passed to the buyer (on completion of sale), the amount 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.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. It is recorded on a receipts basis, but would not be materially different if recorded on an accruals basis.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

FELDON HOUSING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.

1.7
Financial instruments

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

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.

FELDON HOUSING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 5 -
Impairment of financial assets

Financial assets, other than those held at fair value through surplus and deficit, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in surplus or deficit.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in surplus or deficit.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, 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 paymen ts 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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

FELDON HOUSING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 6 -
2
Judgements and key sources of estimation uncertainty

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.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Investment property valuation

The fair value of the investment properties at the Balance Sheet date has been arrived at by reference to a valuation report prepared by Bruton Knowles Chartered Surveyors on 11 March 2025. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties and could be different to the sale value were they to be sold on open market terms.

3
Employees

The company did not have any employees in the current or the preceding financial year other than the directors.

4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 March 2025
2,000
750
2,750
Additions
1,399
-
0
1,399
At 28 February 2026
3,399
750
4,149
Depreciation and impairment
At 1 March 2025
1,534
575
2,109
Depreciation charged in the year
466
44
510
At 28 February 2026
2,000
619
2,619
Carrying amount
At 28 February 2026
1,399
131
1,530
At 28 February 2025
466
175
641
FELDON HOUSING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 7 -
5
Investment property
2026
£
Fair value
At 1 March 2025 and 28 February 2026
1,000,000

Investment property comprises of eight housing units and the accompanying land. The fair value of the investment property has been arrived at on the basis of a valuation carried out by Bruton Knowles Chartered Surveyors on 11 March 2025. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
9,039
48,063
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
13,538
11,807
Trade creditors
162
10,725
Other creditors
542,775
402,670
556,475
425,202

One of the bank loans is secured by fixed charges and floating charges over all the property and undertaking of the company.

8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
711,293
721,625
9
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £10.

2026-02-28 2025-03-01 false false false 03 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr Z Ahmed Mr G F Warmington Ms M Benmehdia Mr S Ahmed Mr P K Patel Mr D J Rodwell 08423003 2025-03-01 2026-02-28 08423003 2026-02-28 08423003 2025-02-28 08423003 core:PlantMachinery 2026-02-28 08423003 core:FurnitureFittings 2026-02-28 08423003 core:PlantMachinery 2025-02-28 08423003 core:FurnitureFittings 2025-02-28 08423003 core:CurrentFinancialInstruments core:WithinOneYear 2026-02-28 08423003 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 08423003 core:Non-currentFinancialInstruments core:AfterOneYear 2026-02-28 08423003 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 08423003 core:CurrentFinancialInstruments 2026-02-28 08423003 core:CurrentFinancialInstruments 2025-02-28 08423003 core:RetainedEarningsAccumulatedLosses 2026-02-28 08423003 core:RetainedEarningsAccumulatedLosses 2025-02-28 08423003 bus:Director3 2025-03-01 2026-02-28 08423003 bus:Director6 2025-03-01 2026-02-28 08423003 core:PlantMachinery 2025-03-01 2026-02-28 08423003 core:FurnitureFittings 2025-03-01 2026-02-28 08423003 core:PlantMachinery 2025-02-28 08423003 core:FurnitureFittings 2025-02-28 08423003 2025-02-28 08423003 core:Non-currentFinancialInstruments 2026-02-28 08423003 core:Non-currentFinancialInstruments 2025-02-28 08423003 bus:CompanyLimitedByGuarantee 2025-03-01 2026-02-28 08423003 bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 08423003 bus:FRS102 2025-03-01 2026-02-28 08423003 bus:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 08423003 bus:Director1 2025-03-01 2026-02-28 08423003 bus:Director2 2025-03-01 2026-02-28 08423003 bus:Director4 2025-03-01 2026-02-28 08423003 bus:Director5 2025-03-01 2026-02-28 08423003 bus:FullAccounts 2025-03-01 2026-02-28 xbrli:pure xbrli:shares iso4217:GBP