Garland Homes Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07982085

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		669		786

			669		786
CURRENT ASSETS
Stocks	5	-		565,929
Debtors	6	61,300		1,196,034
Cash at bank and in hand		28,256		6,184

		89,556		1,768,147
Creditors: Amounts Falling Due Within One Year	7	(199,356 )		(1,925,294 )

NET CURRENT ASSETS (LIABILITIES)			(109,800 )		(157,147 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(109,131 )		(156,361 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(127 )		(149 )

NET LIABILITIES			(109,258 )		(156,510 )

CAPITAL AND RESERVES
Called up share capital	8		210		210
Profit and Loss Account			(109,468 )		(156,720 )

SHAREHOLDERS' FUNDS			(109,258)		(156,510)

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Garland Homes Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 in accordance with section 476 of the Companies Act 2006.

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

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ian Hancock

Director

09/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Garland Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07982085 . The registered office is The Old Barn Wood Street, Swanley, BR8 7PA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% on reducing balance
Computer Equipment	15% on reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

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.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Garland Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	99	1,474	1,573
Additions	142	-	142
Disposals	-	(166 )	(166 )

As at 31 March 2026	241	1,308	1,549

Depreciation
As at 1 April 2025	64	723	787
Provided during the period	30	88	118
Disposals	-	(25 )	(25 )

As at 31 March 2026	94	786	880

Net Book Value
As at 31 March 2026	147	522	669

As at 1 April 2025	35	751	786

5. Stocks

	2026	2025
	£	£
Work in progress	-	565,929

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	61,300	61,300
VAT	-	548
Directors' loan accounts	-	208,877
Amounts owed by other participating interests	-	925,309

	61,300	1,196,034

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Garland Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	2,250	2,250
Corporation tax	-	37,518
Other taxes and social security	64	479
VAT	1,346	-
Other creditors	(152,293 )	-
Intercompany loans	-	52,297
Amounts owed to other participating interests	347,989	1,832,750

	199,356	1,925,294

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	210	210

9. Related Party Transactions

Included in the Other Debtors is an amount owed from the company director Mr A Lillistone totalling £181,628 (2024 - £176,699), no interest is to be charged.

Included in the Other Debtors is an amount owed from the company director Mr I Hancock totalling £27,249 (2024 - £24,288), no interest is to be charged.

Included in the Other Debtors is an amount owed to Hancock & Stewart totalling £925,309 (2024 - £387,940), for which Mr I Hancock is a director. No interest is to be charged and no repayment terms have been agreed.

Included in the Other Creditors is an amount owed from Ian Hancock Properties Ltd totalling £509,976 (2024 - £509,976), for which Mr I Hancock is a director. No interest is to be charged and no repayment terms have been agreed.

Included in the Other Creditors is an amount owed from Hunter Associates Ltd totalling £864,000 (2024 - £854,000), for which Mr I Hancock is a director. No interest is to be charged and no repayment terms have been agreed.

Included in the Other Creditors is an amount owed from HM Ltd totalling £458,774 (2024 - £458,774), for which Mr I Hancock is a director. No interest is to be charged and no repayment terms have been agreed.

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