Niche Residential Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09834303

Niche Residential Ltd

Filleted Unaudited Financial Statements

31 October 2025

Niche Residential Ltd

Financial Statements

Year ended 31 October 2025

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 6

Niche Residential Ltd

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Niche Residential Ltd

Year ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Niche Residential Ltd for the year ended 31 October 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Niche Residential Ltd, as a body, in accordance with the terms of our engagement letter dated 2 February 2026. Our work has been undertaken solely to prepare for your approval the financial statements of Niche Residential Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Niche Residential Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Niche Residential Ltd 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 Niche Residential Ltd. You consider that Niche Residential Ltd 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 Niche Residential Ltd. 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.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

26 August 2026

Niche Residential Ltd

Statement of Financial Position

31 October 2025

	2025	2024
Note	£	£

Current assets

Stock and work in progress		641,462	754,200
Debtors	5	211,096	102,697
Cash at bank and in hand		272,072	194,860
		------------	------------
		1,124,630	1,051,757

Creditors: amounts falling due within one year	6	116,095	79,903
		------------	------------
Net current assets		1,008,535	971,854
		------------	---------
Total assets less current liabilities		1,008,535	971,854

Creditors: amounts falling due after more than one year	7	–	6,667
		------------	---------
Net assets		1,008,535	965,187
		------------	---------

Niche Residential Ltd

Statement of Financial Position (continued)

31 October 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	120	120
Profit and loss account	1,008,415	965,067
	------------	---------
Shareholders funds	1,008,535	965,187
	------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 August 2026 , and are signed on behalf of the board by:

Mr A Mackley

Director

Company registration number: 09834303

Niche Residential Ltd

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Gorse Millthorpe Lane, Holmesfield, Derbyshire, S18 7SA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of any discounts and of Value Added Tax where appropriate. Revenue from the sale of goods, being principally property sales, is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on completion, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stock and work in progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Work in progress, in particular for property development projects, is measured on the basis of cost plus attributable profit to date, based on the estimated realisable value of future sales, and making provision for any anticipated losses.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

4. Tangible assets

	Equipment
	£
Cost
At 1 November 2024 and 31 October 2025	1,909
	-------
Depreciation
At 1 November 2024 and 31 October 2025	1,909
	-------
Carrying amount
At 31 October 2025	–
	-------
At 31 October 2024	–
	-------

5. Debtors

	2025	2024
	£	£
Other debtors	211,096	102,697
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,667	10,000
Corporation tax	13,028	4,312
Other creditors	96,400	65,591
	---------	--------
	116,095	79,903
	---------	--------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	6,667
	----	-------

The company has borrowed £50,000 under the Government's Covid bounce back loan scheme. This loan is repayable within 6 years from June 2021, with no repayments due for the first 12 months. Interest of 2.5% is payable monthly, in arrears, on this loan; the Government covered the first 12 months interest charge. The Government acts as guarantor to the lender for this loan.

8. Directors' advances, credits and guarantees

At the year end date, the company was indebted to the directors, by way of loan, in the total sum of £94,465 (2024: £33,841)in relation to which no formal repayment terms apply and interest is not being charged.

9. Related party transactions

At the year end, there were a number of debtor loan balances outstanding in relation to companies in which the directors and shareholders of this company have an interest as directors and shareholders. The total of such loans amounts to £149,618 (2024: £30,225).