ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

As restated

Registered number: 06975760

AMW HOMES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2026

AMW HOMES LIMITED

COMPANY INFORMATION

Director	M E A Wagstaff


Registered number	06975760


Registered office	The Manor House
	9 New Lane
	Walton on the Wolds
	Loughborough
	LE12 8HY


Accountants	Grant Thornton UK LLP
	Chartered Accountants
	Victoria House
	199 Avebury Boulevard
	Milton Keynes
	MK9 1AU

AMW HOMES LIMITED

CONTENTS

	Page
Accountants' report	1
Statement of financial position	2 - 3
Notes to the financial statements	4 - 13

REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AMW HOMES LIMITED FOR THE YEAR ENDED 31 JANUARY 2026

We have compiled the accompanying financial statements of AMW Homes Limited (the ‘company’) based on the information you have provided. These financial statements comprise the Statement of financial position of AMW Homes Limited as at 31 January 2026, and a summary of significant accounting policies and other explanatory information.
We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised) ‘Compilation Engagements’.
We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). As a member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com.
These financial statements and the accuracy and completeness of the information used to compile them are your responsibility.
Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
This report is made solely to the company’s director, as a body, in accordance with the terms of our engagement letter dated 31 July 2025. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the company’s director, as a body, in this report in accordance with our engagement letter dated 31 July 2025. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s director as a body, for our work, or for this report.

Grant Thornton UK LLP
Chartered Accountants

Milton Keynes

30 October 2026

Page 1

AMW HOMES LIMITED

REGISTERED NUMBER: 06975760

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2026

		As restated
	2026	2025
Note	£	£

Fixed assets
Tangible assets	4		50,217		66,956
Investment property	5		2,130,643		-
			2,180,860		66,956
Current assets
Stocks	6	-		1,968,836
Debtors: amounts falling due within one year	7	281,267		929
Cash at bank and in hand		6,979		170,917
		288,246		2,140,682
Creditors: amounts falling due within one year	8	(2,803,017)		(2,716,321)
Net current liabilities			(2,514,771)		(575,639)
Total assets less current liabilities			(333,911)		(508,683)
Creditors: amounts falling due after more than one year	9		(48,132)		(65,092)

Net liabilities			(382,043)		(573,775)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(382,045)	(573,777)
Total equity	(382,043)	(573,775)

Page 2

AMW HOMES LIMITED

REGISTERED NUMBER: 06975760

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2026

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M E A Wagstaff

Director

Date: 30 October 2026

The notes on pages 4 to 13 form part of these financial statements.

Page 3

AMW HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

AMW Homes Limited is a private company limited by shares, incorporated in England and Wales. Its registered number is 06975760, and its registered head office is located at The Manor House, 9 New Lane, Walton On The Wolds, Loughborough, LE12 8HY.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentation currency is Sterling and all values are rounded to the nearest pound (£) except when otherwise stated.

The following principal accounting policies have been applied:

2.2

Going concern

The director has assessed the company's ability to operate as a going concern for the next 12 months from the date of signing the financial statements.
The director of the company has confirmed he will not seek repayment of his loan account with the company for a period of at least 12 months from the date of approval of the financial statements unless the company has the resources to do so.
The executors of Mr A J Wagstaff's estate have also confirmed that they will not seek repayment of the loan for a period of at least 12 months from the date of approval of the financial statements unless the company has the resources to do so.
Taking the above into account, the director believes that it remains appropriate to continue to adopt the going concern basis in preparing the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from the sale of development property is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and the amount of revenue can be measured reliably.

Page 4

AMW HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

AMW HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Page 6

AMW HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.9

Financial instruments (continued)

Basic financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Page 7

AMW HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

The average monthly number of employees, including directors, during the year was 0 (2025: 0).

Page 8

AMW HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

4.	Tangible fixed assets

		Motor vehicles
		£
	Cost
	At 1 February 2025	89,275
	At 31 January 2026	89,275
	Depreciation
	At 1 February 2025	22,319
	Charge for the year on financed assets	16,739
	At 31 January 2026	39,058
	Net book value
	At 31 January 2026	50,217
	At 31 January 2025	66,956

Page 9

AMW HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

5.	Investment property

		Freehold investment property
		£
	Valuation
	Transfer from stock	2,130,643
	At 31 January 2026	2,130,643

During the year, the company transferred properties with a carrying amount of £2,130,643 from stock to investment property. The properties were fully developed during the year and were transferred at fair value following a change in the company's intended use.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2026	2025
	£	£

Historic cost

2,956,401

6.	Stocks
		2026	2025
		£	£

	Property development stocks	-	1,968,836

	The carrying value of stocks are stated net of impairment losses totalling £825,758 (2025: £825,758). Impairment losses totalling £Nil (2025: £570,573) were recognised in profit and loss. Stock of £2,130,643 relating to completed development properties was transferred to investment property during the year following a change in the company's intended use, as set out in note 5.

Page 10

AMW HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

7.	Debtors: Amounts falling due within one year

					2026	2025
					£	£


Other debtors	52,096	39
Prepayments and accrued income	638	890
Deferred taxation	228,533	-
	281,267	929

Amounts owed to other participating interests	784,038	784,110
Obligations under finance lease and hire purchase contracts	14,537	12,114
Other creditors	1,999,382	1,915,042
Accruals and deferred income	5,060	5,055
	2,803,017	2,716,321

The hire purchase creditor is secured against the asset to which is relates.

	Obligations under finance leases and hire purchase contracts	48,132	65,092

Page 11

AMW HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Within one year	14,537	12,114
Between 1-5 years	48,132	65,092
	62,669	77,206

11.	Deferred taxation

		2026
		£

	Charged to profit or loss	228,533
	At end of year	228,533

The deferred tax asset is made up as follows:
	2026	2025
	£	£

Fixed asset timing differences	7,166	-
Losses and other deductions	221,367	-
	228,533	-

12.	Prior year adjustment

During the year it was identified that £65,092 of the hire purchase liability previously classified within creditors due within one year should have been classified as due after more than one year as at 31 January 2025. Comparative figures have been restated accordingly, with no effect on net liabilities or reserves.

Page 12

AMW HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

13.

Related party transactions

At 31 January 2026 there was an amount of £784,038 (2025: £784,110) due to the estate of A J Wagstaff. The loan is repayable on demand, subject to the support of the executors of the estate of A J Wagstaff. No interest was charged on the loan.
At 31 January 2026 there was an amount of £1,999,382 (2025: £1,915,042) due to M E A Wagstaff via his director's loan account. The loan is repayable on demand subject to the support of M E A Wagstaff, no interest was charged on the loan.
The company has taken advantage of the disclosure exemption conferred under section 1A of FRS 102 not to disclose transactions with related parties that have been undertaken at market value

Page 13