| ARA Homes Limited |
| Registered number: |
04534254 |
| Balance Sheet |
| as at 30 September 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
6,819 |
|
|
14,472 |
|
|
|
|
6,819 |
|
|
14,472 |
|
| Current assets |
| Debtors |
4 |
|
3,211,397 |
|
|
4,533,006 |
| Cash at bank and in hand |
|
|
1,958,872 |
|
|
178,707 |
|
|
|
5,170,269 |
|
|
4,711,713 |
|
| Creditors: amounts falling due within one year |
5 |
|
(307,858) |
|
|
(184,219) |
|
| Net current assets |
|
|
|
4,862,411 |
|
|
4,527,494 |
|
| Total assets less current liabilities |
|
|
|
4,869,230 |
|
|
4,541,966 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(4,250,000) |
|
|
(1,358,000) |
|
|
| Net assets |
|
|
|
619,230 |
|
|
3,183,966 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
619,130 |
|
|
3,183,866 |
|
| Shareholders' funds |
|
|
|
619,230 |
|
|
3,183,966 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| D.N. Shaw |
| Director |
| Approved by the board on 18 November 2025 |
|
| ARA Homes Limited |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
The accounts have been prepared on the going concern basis as in the opinion of the directors the company has adequate bank facilities and other financial resources as the company may from time to time require to meet its working capital requirements. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, for the sale of properties developed by the company. Sales of units and undeveloped sites are recognised at the time of legal completion. |
|
|
Land and building in course of development |
|
Land and buildings in course of development and land upon which development has not yet commenced are valued at the lower of cost and net realisable value. Cost includes the cost of acquiring land, development expenditure to date and an appropriate proportion of overhead expenditure. |
|
|
In considering net realisable value of sites under development, it is assumed that the sales will be fully developed and the completed units sold in the ordinary course of the company's business, and that the sites would not be placed on the market for immediate sale in their existing state. |
|
|
Borrowings and loan arrangment costs |
|
Debt has been stated at the fair value of consideration received after the deduction of loan arrangement costs. The loan arrangement costs are charged to the profit and loss account over the period of time that the facilities are expected to remain in existence. |
|
|
Interest |
|
Interest incurred on loans relating to ongoing development projects is allocated to Land and Building in Course of Development. Interest is released to the profit and loss account when the development is sold. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. No depreciation is charged on freehold land and buildings as it is considered that the amount involved would be immaterial. Depreciation is provided on all other tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office equipment |
25% straight line |
|
Motor vehicles |
25% straight line |
|
|
|
|
|
|
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 |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
5 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Office equipment |
|
|
|
Total |
| £ |
£ |
|
Cost |
|
At 1 October 2024 |
33,807 |
|
|
|
33,807 |
|
At 30 September 2025 |
33,807 |
|
|
|
33,807 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2024 |
19,335 |
|
|
|
19,335 |
|
Charge for the year |
7,653 |
|
|
|
7,653 |
|
At 30 September 2025 |
26,988 |
|
|
|
26,988 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2025 |
6,819 |
|
|
|
6,819 |
|
At 30 September 2024 |
14,472 |
|
|
|
14,472 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Land and buildings in course of development |
3,093,038 |
|
4,518,332 |
|
VAT refund |
|
18,359 |
|
14,674 |
|
Other debtors |
100,000 |
|
- |
|
|
|
|
|
|
3,211,397 |
|
4,533,006 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Directors current accounts |
2,730 |
|
2,658 |
|
Corporation tax |
157,638 |
|
- |
|
Other taxes and social security costs |
1,317 |
|
2,652 |
|
Accruals |
146,173 |
|
178,909 |
|
|
|
|
|
|
307,858 |
|
184,219 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Non-equity preference shares |
1,250,000 |
|
1,358,000 |
|
Other loans - ARA Homes Group Ltd |
3,000,000 |
|
- |
|
|
|
|
|
|
4,250,000 |
|
1,358,000 |
|
|
|
|
|
|
|
|
|
|
On 19 August 2025 108,000 5% fixed rate cumulative redeemable preference shares of £1 each were redeemed. The £3,000,000 loan from ARA Homes Group Ltd is for working capital purposes and can be recalled at any time. |
|
|
| 7 |
Controlling party |
|
|
The controlling party is ARA Homes Group Ltd, by virtue of their holding of the entire allotted share capital of the company. |
|
|
|
|
|
|
| 8 |
Other information |
|
|
ARA Homes Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
18 Eleven Acre Rise |
|
Loughton |
|
Essex |
|
IG10 1AN |