REGISTERED NUMBER: 10639181 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Novus Homes Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Ferguson

Mr G Ferguson

REGISTERED OFFICE:

Suite 3

Falcon Court Business Centre

College Road

Maidstone

Kent

ME15 6TF

REGISTERED NUMBER:

10639181 (England and Wales)

ACCOUNTANTS:

Skyfire Accountancy Ltd

The Old Rectory

Springhead Road

Northfleet

Kent

DA11 8HN

FIXED ASSETS

Tangible assets

5

-

438

CURRENT ASSETS

Stocks

-

3,500

Debtors

2,683

281,310

Cash at bank

43

1,200

2,726

286,010

CREDITORS

Amounts falling due within one year

2,725

798

NET CURRENT ASSETS

1

285,212

TOTAL ASSETS LESS CURRENT LIABILITIES

1

285,650

PROVISIONS FOR LIABILITIES

-

83

NET ASSETS

1

285,567

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(1

)

285,565

SHAREHOLDERS' FUNDS

1

285,567

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2026 and were signed on its behalf by:

Mr G Ferguson - Director

Mrs S Ferguson - Director

1.	STATUTORY INFORMATION

Novus Homes Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have not been prepared on a going concern basis as the directors have made the decision to cease trading before the end of the accounting period.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Revenue from the sale of services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Revenue from the sale of property that is fully built is recognised at the date of exchange of unconditional contracts. Revenue from the sale of property with construction still in progress is recognised at the date of sale completion.

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 cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

6,309

Disposals

(6,309

)

At 31 March 2026

-

DEPRECIATION

At 1 April 2025

5,871

Charge for year

199

Eliminated on disposal

(6,070

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

438

6.	RELATED PARTY DISCLOSURES

During the period the company borrowed £1,033 from the directors. At the end of the period the amount outstanding to the directors was £1,033 (2025: £0). The balance is included within creditors due within one year, is free of interest and repayable on demand.

During the period the company wrote off £266,531 of loans to companies under common control. At the end of the period the company was owed £1,992 (2025: £268,523) by companies under common control. The remaining balance is included within debtors due within one year, is free of interest and repayable on demand.

7.	GOING CONCERN

The company is not a going concern as the directors made the decision for the company to cease trading before the end of the accounting period.