REGISTERED NUMBER: 04725033 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

Makewood Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Bourke

P Bourke

SECRETARY:

S Bourke

REGISTERED OFFICE:

Airport House Suite 43 - 45

Purley Way

Croydon

Surrey

CR0 0XZ

REGISTERED NUMBER:

04725033 (England and Wales)

ACCOUNTANTS:

RAA Ledger Sparks Ltd

Airport House

Suite 43-45

Purley Way

Croydon

CR0 0XZ

Fixed assets

Tangible assets

4

837

388

Investment property

5

960,000

1,023,000

960,837

1,023,388

Current assets

Debtors

6

1,225

1,050

Cash at bank

4,449

2,958

5,674

4,008

Creditors

Amounts falling due within one year

7

(259,984

)

(262,712

)

Net current liabilities

(254,310

)

(258,704

)

Total assets less current liabilities

706,527

764,684

Creditors

Amounts falling due after more than one year

8

(587,491

)

(587,491

)

Provisions for liabilities

(1,020

)

(3,588

)

Net assets

118,016

173,605

Capital and reserves

Called up share capital

2

2

Investment Property Reserves

9

133,105

193,451

Retained earnings

9

(15,091

)

(19,848

)

118,016

173,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by:

S Bourke - Director

P Bourke - Director

1.	STATUTORY INFORMATION

Makewood 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company continued to be that of buying & selling of own real estate and letting of leased real estate.

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.

TURNOVER

Turnover represents rent receivable on residential properties.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant & Machinery 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

INVESTMENT PROPERTY

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

FINANCIAL INSTRUMENTS

The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION

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

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

DEFERRED TAX

Deferred tax is recognized in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements and will continue to support the company financially.

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of comprehensive income in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2025

454

Additions

699

At 30 April 2026

1,153

DEPRECIATION

At 1 May 2025

66

Charge for year

250

At 30 April 2026

316

NET BOOK VALUE

At 30 April 2026

837

At 30 April 2025

388

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

1,023,000

Revaluations

(63,000

)

At 30 April 2026

960,000

NET BOOK VALUE

At 30 April 2026

960,000

At 30 April 2025

1,023,000

Fair value at 30 April 2026 is represented by:

£

Valuation in 2009

(71,044

)

Valuation in 2021

170,000

Valuation in 2023

24,966

Valuation in 2024

(9,000

)

Valuation in 2025

11,000

Valuation in 2026

(63,000

)

Cost

897,078

960,000

Investment property comprises three properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30/04/2026 by the Directors. The valuation was made on an estimate by the Directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

1,225

1,050

The directors consider the carrying value of trade and other receivables approximate to their fair value.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

1,031

2,158

Other creditors

258,953

260,554

259,984

262,712

The directors consider the carrying amounts of current liabilities approximate to their fair values .

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

587,491

587,491

The directors consider the carrying amounts of long term liabilities approximate to their fair values.

CHARGES

Mortgage charges at Companies House have been registered by The Mortgage Works (UK) PLC and contains negative pledge for the mortgage taken by company against the properties.

9.

RESERVES

Investment

Retained

Property

earnings

Reserves

Totals

£

£

£

At 1 May 2025

(19,848

)

193,451

173,603

Deficit for the year

(58,243

)

(58,243

)

Transfer

63,000

(62,999

)

1

Investment Property Reserves -

deferred taxation

-

2,653

2,653

At 30 April 2026

(15,091

)

133,105

118,014

PROFIT AND LOSS ACCOUNT

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders.These are distributable reserves.

INVESTMENT PROPERTY RESERVES

The Company uses the Fair value model for the measurement of its investment properties. The reserve records the fair value surplus recognised less the related provision for deferred tax. This is a non-distributable reserve.

PROFIT AND LOSS RESERVES

Retained earnings consist of fair value adjustments and deferred tax in relation to investment properties.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2026 and 30 April 2025:

2026

2025

£

£

S Bourke and P Bourke

Balance outstanding at start of year

(259,284

)

(269,717

)

Amounts advanced

10,383

12,096

Amounts repaid

(8,670

)

(1,663

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(257,571

)

(259,284

)

11.	RELATED PARTY DISCLOSURES

As at the balance sheet date included in other creditors were amounts of £257,571 (2025 - £259,284) due to the directors. This loan is interest free and repayable on demand.