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REGISTERED NUMBER: 11507586 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

HALSBURY HOMES (SPROWSTON) LIMITED
HALSBURY HOMES (SPROWSTON) LIMITED (REGISTERED NUMBER: 11507586)

ABRIDGED BALANCE SHEET
30 September 2025

2025 2024
Notes £    £    £    £   
ASSETS

FIXED ASSETS
Investments 4 100 -

CURRENT ASSETS
Stocks 21,969,739 22,514,286
Debtors 36,679 25,119
Cash at bank 3,368 844
22,009,786 22,540,249
22,009,886 22,540,249

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (13,014,506 ) (9,756,857 )
(13,014,406 ) (9,756,757 )

PROVISIONS FOR LIABILITIES 36,000 66,000

CREDITORS 34,988,292 32,231,006
22,009,886 22,540,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 notes form part of these financial statements

HALSBURY HOMES (SPROWSTON) LIMITED (REGISTERED NUMBER: 11507586)

ABRIDGED BALANCE SHEET - continued
30 September 2025


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 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 September 2026 and were signed on its behalf by:





P P Jeans - Director


The notes form part of these financial statements

HALSBURY HOMES (SPROWSTON) LIMITED (REGISTERED NUMBER: 11507586)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2025

1. STATUTORY INFORMATION

Halsbury Homes (Sprowston) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11507586 and the registered office is Seymour House, Little Money Road, Loddon, Norwich Norfolk, NR14 6JD. The presentation currency of the financial statements is sterling.

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.

Preparation of consolidated financial statements
The financial statements contain information about Halsbury Homes (Sprowston) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the company's creditors and shareholder. The directors are of the opinion that this support will continue over the next 12 months.

The company holds development land at cost. The accumulated losses primarily reflect financing costs recognised in the profit and loss account. The directors consider that the current market value of the company’s land holdings and associated interests are significantly higher than both their carrying value and the accumulated losses. On this basis, the directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks and work in progress
Stocks consist of freehold land and development costs, which are stated at the lower of cost and net realisable value.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

HALSBURY HOMES (SPROWSTON) LIMITED (REGISTERED NUMBER: 11507586)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2025

2. ACCOUNTING POLICIES - continued

Trade creditors
Trade creditors are obligations to pay for goods or services, including retentions, that have been acquired in the ordinary course of business from suppliers.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 100
At 30 September 2025 100
NET BOOK VALUE
At 30 September 2025 100

The company's investments at the Balance sheet date in the share capital of companies include the following:

Halsbury Homes (Salhouse) Limited
Registered office: Seymour House, Little Money Road, Loddon, Norwich, NR14 6JD
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

5. SECURED DEBTS

Creditors include an amount of £30,720,908 (2024: £26,346,609) for which security has been given against the company's freehold property held in stock.