Registration number:
Madden Homes Limited
for the Year Ended 31 March 2026
Madden Homes Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Madden Homes Limited
Company Information
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Director |
P Madden |
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Registered office |
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Accountants |
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Madden Homes Limited
Director's Report for the Year Ended 31 March 2026
The Director presents his report and the financial statements for the year ended 31 March 2026.
Director of the Company
The Director who held office during the year was as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Madden Homes Limited
for the Year Ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Madden Homes Limited for the year ended 31 March 2026 as set out on pages 4 to 10 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Madden Homes Limited, as a body, in accordance with the terms of our engagement letter dated 25 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of Madden Homes Limited and state those matters that we have agreed to state to the Board of Directors of Madden Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Madden Homes Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Madden Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Madden Homes Limited. You consider that Madden Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Madden Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Accountants
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT
Madden Homes Limited
Profit and Loss Account for the Year Ended 31 March 2026
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2026 |
2025 |
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Turnover |
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Gross profit |
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Administrative expenses |
( |
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Operating profit |
13,467 |
33,095 |
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Gain on financial assets at fair value through profit and loss |
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- |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
Madden Homes Limited
Statement of Comprehensive Income for the Year Ended 31 March 2026
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2026 |
2025 |
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Profit for the year |
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Total comprehensive income for the year |
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Madden Homes Limited
(Registration number: 09204301)
Balance Sheet as at 31 March 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Retained earnings |
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Shareholders' funds |
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For the financial 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.
Director's responsibilities:
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The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Madden Homes Limited
Statement of Changes in Equity for the Year Ended 31 March 2026
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Share capital |
Fair value reserve |
Retained earnings |
Total |
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At 1 April 2025 |
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Profit for the year |
- |
- |
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Total comprehensive income |
- |
- |
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Transfers |
- |
43,997 |
(43,997) |
- |
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At 31 March 2026 |
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Share capital |
Fair value reserve |
Retained earnings |
Total |
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At 1 April 2024 |
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Profit for the year |
- |
- |
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Dividends |
- |
- |
( |
( |
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Transfers |
- |
(18,811) |
18,811 |
- |
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At 31 March 2025 |
100 |
24,226 |
211,328 |
235,654 |
Madden Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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General information |
The company is a private limited company incorporated in England and Wales and the company registration number is 09204301.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements have been prepared in sterling and are rounded to the nearest pound.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of private residential lettings in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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 specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Madden Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
Investment property
The cost of investment properties includes directly attributable incremental costs incurred in their acquisition.
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.
Trade debtors
Trade debtors are amounts due from clients for rental amounts due in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost using the effective interest method, less irrecoverable debts. A provision for irrecoverable debts of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Borrowings
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the Company (including the Director) during the year, was
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Investment properties |
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2026 |
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At 1 April |
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Fair value adjustments |
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At 31 March |
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There has been no valuation of investment property by an independent valuer.
Investment property was revalued by the Director in 2026 and is stated at its fair value at the balance sheet date. There has been no independant valuation in the period.
Madden Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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Debtors |
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2026 |
2025 |
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Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2026 |
2025 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Share capital |
Allotted, called up and fully paid shares
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2026 |
2025 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Dividends |
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2026 |
2025 |
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£ |
£ |
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Interim dividend of £Nil (2025 - £ |
- |
500 |
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Related party transactions |
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Transactions with the Director |
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2026 |
At 1 April 2025 |
Advances to Director |
Repayments by Director |
At 31 March 2026 |
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P Madden |
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( |
( |
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( |
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Other transactions with the Director |
At the year end, the director owed the company £7,262 (2025: £37,132). These amounts are unsecured, interest-free and repayable on demand
Madden Homes Limited
Detailed Profit and Loss Account for the Year Ended 31 March 2026
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2026 |
2025 |
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Turnover (analysed below) |
19,020 |
19,020 |
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Gross profit (%) |
100% |
100% |
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Administrative expenses |
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Establishment costs (analysed below) |
(3,602) |
(7,001) |
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General administrative expenses (analysed below) |
(1,891) |
(3,864) |
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Finance charges (analysed below) |
(60) |
(60) |
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Other expenses (analysed below) |
- |
25,000 |
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(5,553) |
14,075 |
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Operating profit |
13,467 |
33,095 |
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Gain on financial assets at fair value through profit and loss (analysed below) |
60,000 |
- |
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Profit before tax |
73,467 |
33,095 |
Madden Homes Limited
Detailed Profit and Loss Account for the Year Ended 31 March 2026
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2026 |
2025 |
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Turnover |
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Rental income |
19,020 |
19,020 |
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Establishment costs |
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Rates |
- |
937 |
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Insurance |
2,137 |
2,039 |
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Repairs and maintenance |
1,465 |
4,025 |
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3,602 |
7,001 |
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General administrative expenses |
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Accountancy fees |
1,891 |
1,363 |
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Legal and professional fees |
- |
2,501 |
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1,891 |
3,864 |
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Finance charges |
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Bank charges |
60 |
60 |
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Other expenses |
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Profit/(loss) on disposal of tangible fixed assets |
- |
25,000 |
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Gain/(loss) on financial assets at fair value through profit and loss |
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Investment properties fair value adjustments |
60,000 |
- |