REGISTERED NUMBER: 08857915 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

ESSEX PRESTIGE HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Barnes

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

08857915 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

133,240

Tangible assets

4

167,010

275,000

Investment property

5

275,000

408,240

442,010

CURRENT ASSETS

1,274,021

Stocks

19,209

15,880

Debtors

6

3,350,892

-

Cash at bank

20,616

1,289,901

3,390,717

CREDITORS

907,870

Amounts falling due within one year

7

3,714,118

382,031

NET CURRENT (LIABILITIES)/ASSETS

(323,401

)

790,271

TOTAL ASSETS LESS CURRENT LIABILITIES

118,609

CREDITORS

(914,047

)

Amounts falling due after more than one year

8

(38,267

)

-

PROVISIONS FOR LIABILITIES

(44,056

)

(123,776

)

NET ASSETS/(LIABILITIES)

36,286

CAPITAL AND RESERVES

100

Called up share capital

100

(123,876

)

Retained earnings

36,186

(123,776

)

36,286

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 10 August 2026 and were signed by:

S Barnes - Director

1.	STATUTORY INFORMATION

Essex Prestige 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 value of work undertaken during the year, which has been reflected in invoiced sales and adjusted for work in progress.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

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

Work in progress is valued at the lower of cost and net realisable value.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements, such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 February 2025

334,055

Additions

89,442

At 31 January 2026

423,497

DEPRECIATION

At 1 February 2025

200,815

Charge for year

55,672

At 31 January 2026

256,487

NET BOOK VALUE

At 31 January 2026

167,010

At 31 January 2025

133,240

Included within fixed assets are assets held under hire purchase contracts. These assets have a net book value at 31 January 2026 of £101,822 (2025 - £103,930). The depreciation charge for assets held under hire purchase contracts was £33,943 (2025 - £34,644) for the year.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

275,000

NET BOOK VALUE

At 31 January 2026

275,000

At 31 January 2025

275,000

The fair value of the property is represented by:-

£

Cost upon acquisition in 2024

265,787

Valuation increase - 31 January 2024

9,213

275,000

The freehold property was revalued in January 2026 by the director, who considered that there was no significant change from the 2024 valuation.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Amounts recoverable on contract

3,321,648

-

Other debtors

29,244

15,880

3,350,892

15,880

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

219,749

262,441

Hire purchase contracts

35,500

50,451

Trade creditors

12,586

13,907

Taxation and social security

41,156

8,485

Other creditors

3,405,127

572,586

3,714,118

907,870

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

-

3,886

Hire purchase contracts

38,267

20,341

Other creditors

-

889,820

38,267

914,047

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Other loans

2,702,977

889,820

Hire purchase contracts

73,767

70,792

2,776,744

960,612

Hire purchase contract liabilities are secured against the asset upon which the contract was entered into.

Included within other creditors due within one year is a sum due to Future Trading Partners, In Focus PM and Terence Stern, which is secured against the company's investment property. This loan was due for repayment on 17th May 2026 but has been extended due to the potential sale of the property.

Also Included within other creditors due within one year are sums due to Shawbrook Bank and Bloomsbury Property Finance, which are secured by way of a fixed and floating charges against development land owned by the company in Newton, Suffolk. The sums due to Shawbrook Bank and Bloomsbury Property Finance represent development finance received by the company for the development of six properties on this site. The sums are repayable on or before 31st July 2026.