Vila Homes Limited - Filleted accounts

Registered number

11340000

Vila Homes Limited

Filleted Accounts

31 March 2026

Vila Homes Limited
Registered number:		11340000
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		470,000			430,000

Current assets
Debtors	4	1,016			1,272
Cash at bank and in hand		25,002			16,184
		26,018			17,456

Creditors: amounts falling due within one year	5	(2,795)			(2,050)

#NAME?			23,223			15,406

Total assets less current liabilities			493,223			445,406

Creditors: amounts falling due after more than one year	6		(378,718)			(370,826)

Provisions for liabilities			(36,173)			(28,573)


#NAME?			78,332			46,007

Capital and reserves
Called up share capital			100			100
Revaluation reserve	8		154,404			122,004
Profit and loss account			(76,172)			(76,097)

Shareholders' funds			78,332			46,007

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Alma Vila
Director
Approved by the board on 21 September 2026

Vila Homes Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 April 2025				430,000
	Additions				40,000
	At 31 March 2026				470,000

	Depreciation
	At 31 March 2026				-

	Net book value
	At 31 March 2026				470,000
	At 31 March 2025				430,000


	Freehold land and buildings:		2026		2025
£				£
	Historical cost		279,423		279,423
	Cumulative depreciation based on historical cost		-		-
			279,423		279,423


4	Debtors		2026		2025
£				£

	Other debtors		1,016		1,272


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		1,000		950
	Other creditors		1,795		1,100
			2,795		2,050


6	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		64,749		64,749
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		47,000		47,000
	Other creditors		266,969		259,077
			378,718		370,826


7	Loans		2026		2025
£				£
	Creditors include:
	Instalments falling due for payment after more than five years		64,749		64,749


8	Revaluation reserve		2026		2025
£				£

	At 1 April 2025		122,004		117,954
	#NAME?		40,000		5,000
	Deferred taxation arising on the revaluation of land and buildings		(7,600)		(950)

	At 31 March 2026		154,404		122,004


9	Other information

	Vila Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Old Forge Seaton Lane
	Seaton
	Seaham
	SR7 0LS