For the financial year ended 29 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 director acknowledges his 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 director of the company has elected not to include a copy of the income statement within the financial statements.true

Five Star (Development) Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 332 Wigan Road, Standish, Wigan, Lancashire, United Kingdom, WN6 0AD.

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 have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. However, certain conditions exist in relation to the financial position of the company which indicate the existence of material uncertainty described below.true

The company is dependent on it's ongoing ability to source funding. However, the director has secured development finance to fund the current project.

The director is aware of his duty to present a balanced assessment of the company's financial position and prospects. He concludes that it is appropriate to adopt the going concern basis having regard to the trading performance and cash flows since the year end and is confident that the company has sufficient assets to meet the liabilities. The director continues to strive to maintain adequate funding for existing developments and improve the cash flow position of the company.

For these reasons the director continues to adopt the going concern basis in preparing the financial statements. The financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.

Turnover represents the value, excluding value added tax, of land and properties sold.

Sales and purchases of land and properties are recognised on completion.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks and development work in progress are valued at the lower of cost and net realisable value.

The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instuments' to all of its financial instruments.

The following assets and liabilities are classified as financial liabilities; Directors' loan accounts, accruals, bank loans and trade creditors.

Financial instruments that are payable or receivable within one year, typically Directors' loan accounts, accruals, bank loans and trade creditors are measured initially and subsequently at the undiscounted amount of the cash or consideration that is expected to be paid or received.

Taxation for the period 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of

financial position 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 period 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.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

The average monthly number of persons (including directors) employed by the company during the year was:

The controlling party is W C Greenall.