DN Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11735973 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

DN HOMES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S Shamash

Mrs T Shamash

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

11735973 (England and Wales)

ACCOUNTANTS:

Beavis Morgan LLP

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

4

22,920

30,560

Investment property

5

1,250,000

1,272,920

1,280,560

CURRENT ASSETS

Debtors

6

100

Cash at bank

23,863

73,952

23,963

74,052

CREDITORS

Amounts falling due within one year

7

855,671

942,989

NET CURRENT LIABILITIES

(831,708

)

(868,937

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

441,212

411,623

PROVISIONS FOR LIABILITIES

54,505

NET ASSETS

386,707

357,118

CAPITAL AND RESERVES

Called up share capital

100

Non-distributable reserves

176,602

Retained earnings

210,005

180,416

SHAREHOLDERS' FUNDS

386,707

357,118

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

Mr S Shamash - Director

1.	STATUTORY INFORMATION

DN 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.

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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

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 each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

INVESTMENT PROPERTY

Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial period would have been decreased by the amount of depreciation.

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 statement of financial position date.

DEFERRED TAX

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 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 NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 April 2025

and 31 March 2026

3,141

52,990

56,131

DEPRECIATION

At 1 April 2025

2,387

23,184

25,571

Charge for year

188

7,452

7,640

At 31 March 2026

2,575

30,636

33,211

NET BOOK VALUE

At 31 March 2026

566

22,354

22,920

At 31 March 2025

754

29,806

30,560

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,250,000

NET BOOK VALUE

At 31 March 2026

1,250,000

At 31 March 2025

1,250,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

218,027

Cost

1,031,973

1,250,000

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

Cost

1,031,973

Investment property was valued on a fair value basis on 31 March 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Amounts owed by group undertakings

100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

298

-

Taxation and social security

8,796

15,519

Other creditors

846,577

927,470

855,671

942,989

8.	RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £212,596 (2025:£292,596) owed to the directors, Mr S Shamash and Mrs T Shamash.

Also included in creditors, amounts falling due within one year, are interest free amounts of £382,221 (2025: £382,221) owed to SM Holdings Limited. The companies are connected by virtue of Mr S Shamash being a common director.

Also included in creditors, amounts falling due within one year, are interest free amounts of £500 (2025: £NIL) owed to the shareholder and director of the holding company.

9.	ULTIMATE CONTROLLING PARTY

During the period under review, the company was not under the control of any one individual.