Vital Homes Developments Ltd

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

Registered number: 14242161

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	-		355,629
Debtors	5	666,964		144,222
Cash at bank and in hand		854		164

		667,818		500,015
Creditors: Amounts Falling Due Within One Year	6	(613,025 )		(453,307 )

NET CURRENT ASSETS (LIABILITIES)			54,793		46,708

TOTAL ASSETS LESS CURRENT LIABILITIES			54,793		46,708

NET ASSETS			54,793		46,708

CAPITAL AND RESERVES
Called up share capital	8		1		1
Capital Contribution Reserve			541,299		441,299
Profit and Loss Account			(486,507 )		(394,592 )

SHAREHOLDERS' FUNDS			54,793		46,708

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Vital Homes Developments Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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 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

James Stephen Philip Levy

Director

29 April 2026

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

1. General Information

Vital Homes Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14242161 . The registered office is 809 Salisbury House 29 Finsbury Circus, London, EC2M 7AQ.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.

2.3. Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:

Sale of Trading Properties

Turnover from the sale of trading properties is recognised in the income statement when the significant risks and rewards of ownership have been transferred to the buyer, which is usually at the completion.

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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Vital Homes Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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

2.6. Capital Contribution Reserve

During the year, an amount of £100,000 previously classified as a loan payable to the parent company was reclassified as a capital contribution. The reclassification was made as there are no contractual repayment terms attached to the balance and repayment is neither planned nor probable in the foreseeable future. In accordance with FRS 102, the amount has been recognised directly in equity within a capital contribution reserve, reflecting the substance of the transaction as a contribution from the parent company rather than a liability.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Stocks

	2025	2024
	£	£
Stock - Properties under development	-	355,629

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	2,181	12,725
Other debtors	11,958	-
Amounts owed by group undertakings	490,690	-

	504,829	12,725
Due after more than one year
Deferred tax asset	162,135	131,497

	666,964	144,222

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Vital Homes Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	762	86
Bank loans and overdrafts	63,260	448,224
Other creditors	177	-
Accruals and deferred income	44,549	767
Amounts owed to group undertakings	429,777	4,230
Amounts owed to related parties	74,500	-

	613,025	453,307

7. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	63,260		448,224

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

Included in debtors due within one year is £490,960 (2024: £0) owed by its group undertakings. Of this balance, £356,290 is payable at 3.5% and on the remaining £134,400 is payable at 10%. The amount is repayable on demand.

Included in creditors due within one year is an amount of £429,777 (2024: £4,230) owed to its group undertakings. The amount is repayable on demand with the interest payable at the rate of 10%.

Included in creditors due within one year is an amount of £74,500 (2024: £0) owed to its related parties. The amount is interest free. Of the total amount £50,000 is repayable on 17 August 2026 and remaining £24,500 on 11 September 2026.

10. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent undertaking is Vital Homes Group Ltd . Vital Homes Group Ltd was incorporated in England and Wales. Copies of the parent company's financial statements may be obtained from the secretary, 809 Salisbury House 29 Finsbury Circus, London, United Kingdom, EC2M 7AQ .

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