Company No: 11437959 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025		31.12.2024
		£		£
Fixed assets
Investments	4	120		120
		120		120
Current assets
Debtors	5	146,817		146,841
Cash at bank and in hand		864		280
		147,681		147,121
Creditors: amounts falling due within one year	6	( 139,979)		( 135,699)
Net current assets		7,702		11,422
Total assets less current liabilities		7,822		11,542
Net assets		7,822		11,542
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		7,722		11,442
Total shareholders' funds		7,822		11,542

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of David Cole Homes Limited (registered number: 11437959) were approved and authorised for issue by the Board of Directors on 26 October 2026. They were signed on its behalf by:

Mr D A Cole Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

David Cole Homes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road,, Truro, Cornwall, TR1 2NA, United Kingdom. The principal place of business is Trethellan Barn, Trevean Way, Newquay, Cornwall, TR7 1TW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover comprises management charges made to group companies. Turnover is shown net of value added tax.

The company recognises revenue on an annual basis in recognition of services provided during the period.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

2. Employees

	Year ended 31.12.2025		Period from 01.07.2023 to 31.12.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 January 2025	2,678		2,678
At 31 December 2025	2,678		2,678
Accumulated depreciation
At 01 January 2025	2,678		2,678
At 31 December 2025	2,678		2,678
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

4. Fixed asset investments

Investments in subsidiaries

	31.12.2025
	£
Cost
At 01 January 2025	120
At 31 December 2025	120
Carrying value at 31 December 2025	120
Carrying value at 31 December 2024	120

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2025	Ownership 31.12.2024	Held
DCH (Cornwall 1) Ltd	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Property Development	Ordinary	100.00%	100.00%	Direct
DCH (Cornwall 2) Ltd	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Property Development	Ordinary	100.00%	100.00%	Direct

5. Debtors

	31.12.2025		31.12.2024
	£		£
Amounts owed by Group undertakings	146,378		146,378
Other debtors	439		463
	146,817		146,841

6. Creditors: amounts falling due within one year

	31.12.2025		31.12.2024
	£		£
Amounts owed to Group undertakings	133,034		133,034
Amounts owed to Parent undertakings	605		0
Other creditors	6,340		2,665
	139,979		135,699

7. Called-up share capital

	31.12.2025		31.12.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with the entity's directors

	31.12.2025		31.12.2024
	£		£
Mr D A Cole	650		0
Mr A Seager	2,460		0
Mr P Keep	680		0

Interest free loans
The directors provided working capital to the company by way of interest free loans. At the balance sheet date the company owed Mr D A Cole £650 (2024 - £nil), Mr A Seager £2,460 (2024 - £nil) and Mr P Keep £680 (2024 - £nil).

Other related party transactions

	31.12.2025		31.12.2024
	£		£
DCH (Cornwall 1) Ltd	133,034		133,034
DCH (Cornwall 2) Ltd	(146,378)		(146,378)
David Cole Property Limited	605		630
Project Trading & Management Limited	100		0
5Minutesaway Limited	600		0

DCH (Cornwall 1) Ltd
Subsidiary company
Interest free loan
At the balance sheet date the company owed DCH (Cornwall 1) Ltd £133,034 on an intercompany loan account (2024 - £133,034).

DCH (Cornwall 2) Ltd
A subsidiary company
Interest free loan
At the balance sheet date DCH (Cornwall 2) Ltd owed the company £146,378 on an intercompany loan account (2024 - £146,378).

David Cole Property Limited
Significant ownership in David Cole Homes Limited
Interest free loan
At the balance sheet date the company owed David Cole Property Limited £605 (2024 - £630).

Project Trading & Management Limited
Significant ownership in David Cole Homes Limited
Interest free loan
At the balance sheet date the company owed Project Trading & Management Limited £100 (2024 - £nil).

5Minutesaway Limited
Significant ownership in David Cole Homes Limited
Interest free loan
At the balance sheet date the company owed 5Minutesaway Limited £600 (2024 - £nil).