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REGISTERED NUMBER: 06709217 (England and Wales)















Strategic Report, Report of the Director and

Audited Financial Statements for the Year Ended 31 March 2024

for

BUILDTRUST LIMITED

BUILDTRUST LIMITED (Registered number: 06709217)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Strategic Report 2

Report of the Director 8

Report of the Independent Auditors 10

Income Statement 14

Other Comprehensive Income 15

Balance Sheet 16

Statement of Changes in Equity 17

Cash Flow Statement 18

Notes to the Cash Flow Statement 19

Notes to the Financial Statements 20


BUILDTRUST LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr I R Nistorel


REGISTERED OFFICE: 7A Marlowes
Hemel Hempstead
Hertfordshire
HP1 1LA


REGISTERED NUMBER: 06709217 (England and Wales)


SENIOR STATUTORY AUDITOR: Mr Marios Georghiades FCCA


AUDITORS: CAS MCGEE LTD
Chartered Certified Accountants &
Registered Auditors
130A Darkes Lane
Potters Bar
Hertfordshire
EN6 1AF


BANKERS: Barclays Bank Plc
2 Edgware
Leicester
LE87 2BB

BUILDTRUST LIMITED (Registered number: 06709217)

Strategic Report
for the Year Ended 31 March 2024

The director presents his strategic report for the year ended 31 March 2024.

Turnover in the year under review was £14,476,873 compared with £11,459,457 in the previous year.The increase in turnover is due to the market condition recovering after Covid-19 pandemic restrictions and successful new contracts (for duration of a longer period) for the supply of housing repairs and maintenance to councils and housing association.
Gross profit in the year was £4,606,097 compared with £4,165,390 in te previous year, with a Gross Profit margin of 31.82% in the year under review in comparison to the previous year's Gross Profit margin of 36.35%, approximately 4.5% reduction due to high increase to the cost of purchases of raw materials, labour costs and other direct costs factors as a result from covid-19, Brexit, Russia-Ukraine and Israel -Gaza and Middle East conflicts.
Profit before tax for the year was down to £2,238,945 (12.49%) compared to £2,380,564 (17.65%) in the previous year.
The company's finance team are close monitoring the company's payment and collection cycle and as a result they have managed to reduce the collection of the outstanding sales invoices to 38 days for the current year in comparison to 56 days in the previous year. Also the company pays its creditors within 42 days in comparison to 54 days in the previous year. That as a result of the cash liquidity improvement as well as to the credit terms given from the suppliers.


BUILDTRUST LIMITED (Registered number: 06709217)

Strategic Report
for the Year Ended 31 March 2024

REVIEW OF BUSINESS
During this trading period, 2023-2024 we have continued to build on the same foundation of success that had been growing since our formation. As we have specialized in providing bespoke maintenance and complete refurbishment services to the Social Housing Sector, our services are in great demand as it is more and more difficult to address what is currently deemed as a Housing Chrises.

Despite having a small client base, we have managed to maintain and increase the competitiveness of our rates despite very challenging market conditions. By continually liaising with our Supply Chain, through collaboration and strategic planning, we have managed to establish sustainable resourcing strategies that have paid off. We have managed to maintain our margins and to provide our Clients with very competitive rates and a Quality Service Second to None!

One of the pillars of our excellent performance is formed by our Staff! Through continuous assessment and improvement of their performance, designated professional development plans and competitive packages, we have managed to attract and retain highly qualifies professionals! While our Site Performance is and has been Excellent, our Customer Care skills, Communication and "Can Do Attitude" remain Second to None!

Our Commercial Performance during this trading period has been solid. We have managed to increase the Turnover, maintain and slightly increase the margins, self-finance the business without external loans or mortgages and consolidate a solid base for future growth.

We have applied the same strong business ethic that is being periodically audited and certified under the existent ISO Certification Schemes. We have been found Compliant and Exceeding the current regulation in all aspect of our activity. The results speak for themselves. Our Clients feedback is Excellent and the reoccurring business from all of them is proof that our services remain relevant and our performance is solid.

Benefits of a large operatives and managers database and having a loyal and highly experience workforce, we have successfully managed to anticipate and fulfill our Clients' expectations.
In an industry known for the dramatic delays incurred in the payment process, we have achieved "the unachievable" reducing our Debtor Days to under 50 and Creditor's Days to under 30!
Our ICT system has also been one of our success factors as it has the ability to fully integrate with most Industry Leading Software and provide an instant and fault-proof transfer of information and data in line with the governmental guidelines and regulations. All the previous "paperwork" had been replaced by digitalized solutions making our workforce and management, stakeholders into the new digital era.
Unfortunately, despite our best endeavors, the Future remains uncertain.

The current Conflicts in Europe and elsewhere are affecting our ability to predict and forecast our desired outcome for the next period. Inflation, budgetary constrains and various other onerous fiscal provisions corroborated with a drastic increase in Government Expenditure in various other Departments but Housing is making it really difficult to provide our Clients with the Cost Certainty they need.

The current Government ambition to Build 1 mil Homes (or more!) by the end of this Parliament may prove to be the vehicle that would enable our Industry to move forward after many years of stagnation or recession but nothing is certain!

As we service the needs of Local Government ( Councils and Housing Association) we are somewhat sheltered from the other challenges that our Industry at large is facing and by Providing Essential Maintenance and Repairs Service to over 50.000 properties we believe that our Business Strategy and Plan is still sustainable and achievable.


BUILDTRUST LIMITED (Registered number: 06709217)

Strategic Report
for the Year Ended 31 March 2024

FINANCIAL RISKS POLICIES MANAGEMENT OBJECTIVES AND UNCERTAINTIES
a) Covid -19 (coronavirus) has caused a serious shock to the global economy Buildtrust Limited is not alone in this. The Bank of England has announced that it could prove sharp and large but should temporary ', however the immediate consequences of this shock have been a great source of uncertainty for many business. The management of Buildtrust Limited recognised the fast changing situation and adhere to it. With all of its resources to keep moving the business.

We draw your attention to the notes of the financial statements, which describes the Company's assessment of the COVID-19 impact on its ability to continue as a going concern. The Company have explained that the events arising from the COVID-19 outbreak do not impact its use of the going concern basis of preparation nor do they cast significant doubt about the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

The spread of coronavirus (COVID-19) is having a disrupting effect on global markets, staffing, supply chains, and general business operations. Whilst the outbreak was initially focussed in China, it has spread across a significant number of countries worldwide.
As such, the Company should assess the nature and extent of risks and uncertainties arising from the coronavirus. In doing so, the Company should consider what disclosures should be included within the Directors' Report, where relevant.

b) Financial risk management objectives and policies of the company including the policy of hedging each major type of foreseeable transaction for which hedge accounting is used; and

c) the exposure of the company to price risk, credit risk, liquidity risk and cash flow risk; unless such information is not material for the assessment of the assets, liabilities, financial position and profit and loss of the company.

Environmental Risks
Due to the nature of the entity's operational activities there's no exposure to significant environmental risks.

Climate changes and environmental responsibility
Despite the fact that our organisation offering management consultancy related services, we are always consider the environmental sustainability. Future business performance will be impacted by our ability to effectively manage the transition to a low carbon economy balancing commercial decisions with the environmental responsibility, agreeing business-wide decarbonisation priorities and managing changes in customer preferences.

This include management of the increasing costs associated with sustainable materials, recycling carbon pricing and further technological, policy and regulatory interventions.
We are operating in a world and a sector with high pressure from carbon-conscious customers, government bodies and regulators to operate in a more environmentally conscious manner. To respond to the circular economy, waste reduction and low carbon products and use of a recycled parts and related components and products.

d) Brexit. The Company need to continue to assess the nature and extent of risks and uncertainties arising from Brexit. The UK and EU are still within negotiations as to how the future trading relationship will operate after the transition period has ended. The conclusion of those discussions and subsequent agreements may impact on the future performance and position of the business including its solvency, liquidity and going concern. As such, appropriate disclosures should be given as part of the reporting requirements within the Strategic Report/Directors' Report.


BUILDTRUST LIMITED (Registered number: 06709217)

Strategic Report
for the Year Ended 31 March 2024

USE OF ESTIMATES ABD JUDGEMENTS
The financial statements have been prepared in accordance with the statutory requirements of the Financial Reporting Standards 102 (applicable to medium size entities) and with those parts of the provisions of the Companies Act 2006 applicable to companies reporting under FRS102. These financial statements which have been prepared under the historical cost convention requires from Management the exercise of judgement, to make estimates and assumptions that influence the application of accounting principles and the related amounts of assets and liabilities, income and expenses. The estimates and underlying assumptions are based on historical experience and various other factors that are deemed to be reasonable based on knowledge available at that time. Actual results may deviate from such estimates.

The estimates and underlying assumptions are revised on a continuous basis. Revisions in accounting estimates are recognised in the period during which the estimate is revised, if the estimate affects only that period, or in the period of the revision and future periods, if the revision affects the present as well as future periods.

Functional and presentation currency
The financial statements are presented in the Great British Pound (GBP/£) which is the functional and presentation currency of the Company

Significant Accounting Policies
The following accounting policies have been applied consistently for all the years presented in these financial statements and in stating the financial position of the Company.
Finance income
Finance income includes loan interest income which is recognised based on an accrual basis and foreign exchange differences.

Finance expenses
Interest expense and other borrowing costs are recognised to profit or loss using the effective interest method.

Foreign currency translation

(i) Functional and presentation currency
Items included in the Company?s financial statements are measured using the currency of the primary economic in which the entity operates ("the functional currency"). The financial statements are presented in Great Britain Pounds (GBP/£), which is the Company?s functional and presentation currency.

(ii) Transactions and balances
Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.


BUILDTRUST LIMITED (Registered number: 06709217)

Strategic Report
for the Year Ended 31 March 2024

PRINCIPAL RISKS AND UNCERTAINTIES
a) Financial risk management objectives and policies of the company including the policy for hedging each major type of forecasted transaction for which hedge accounting is used; and

b) The exposure of the company to price risk, credit risk, liquidity risk and cash flow risk; unless such information is not material for the assessment of the assets, liabilities, financial position and profit or loss of the company.

Financial risk factors
The Company is exposed to the following risks from its use of financial instruments:
" Credit risk"
" Liquidity risk"
" Market risk"

The Board of Directors has overall responsibility for the establishment and oversight of the
Company's risk management framework.

The Company's risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company's activities.

(i) Credit risk
Credit risk arises when a failure by counter parties to discharge their obligations could reduce the amount of future cash inflows from financial assets on hand at the reporting date. The Company tries to sell on so-called "Cash against documents" terms, but in case of a delay in payment, a Buyer's credit risk is always insured.

(ii) Liquidity risk
Liquidity risk is the risk that arises when the maturity of assets and liabilities does not match. An unmatched position potentially enhances profitability, but can also increase the risk of losses. The Company has procedures with the object of minimising such losses as maintaining sufficient cash and other highly liquid current assets and by having available an adequate amount of committed credit facilities.

(iii) Market risk
Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices will affect the Company's income or the value of its holdings of financial instruments.
Interest rate risk.

Interest rate risk is the risk that the value of financial instruments will fluctuate due to changes in market
interest rates. Borrowings issues at variable rates expose the Company to cash flow interest rate risk. The Company's management monitors the interest rate fluctuations on a continuous basis and acts accordingly.

Sensitivity analysis
Any increase/(decrease) in interest rates will have a small effect on results and equity of the Company, because, all financial instruments are fixed rate or pegged to LIBOR/EURIBOR with fixed margin. Strengthening or weakening against the relevant currency, there would be an equal and opposite impact on the profit/loss and other equity. This analysis assumes that all other variables, in particular interest rates, remain constant.

Currency risk
Currency risk is the risk that the value of financial instruments will fluctuate due to changes in foreign exchange rates and liabilities are denominated in a currency that is not the Company's functional currency. The Company is exposed to foreign exchange risk arising from various currency exposures primarily with respect to the American Dollar, the Euro and Singapore dollar. The Company's management monitors the exchange rate fluctuations on a continuous basis and acts accordingly.

FINANCIAL INSTRUMENTS
The company does not use derivatives.
A description of the principal risks and uncertainties facing the company are set out in the notes to the accounts.


BUILDTRUST LIMITED (Registered number: 06709217)

Strategic Report
for the Year Ended 31 March 2024

COMPANY'S POLICY ON PAYMENTS OF CREDITORS
The company's current policy concerning the payment of trade creditors is to:
-settle the terms of payments with the suppliers when agreeing the terms of each transaction;
-ensure that suppliers are made aware of the payments by inclusion of the relevant terms in contracts; and
pay in accordance with company's contractual and other legal obligations.

ENGAGEMENT WITH CUSTOMERS SUPPLIERS AND OTHERS
The company's current policy concerning the payment of trade creditors is to:
-settle the terms of payments with the suppliers when agreeing the terms of each transaction;
-ensure that suppliers are made aware of the payments by inclusion of the relevant terms in contracts; and
-pay in accordance with company's contractual and other legal obligations.

ON BEHALF OF THE BOARD:





Mr I R Nistorel - Director


9 June 2025

BUILDTRUST LIMITED (Registered number: 06709217)

Report of the Director
for the Year Ended 31 March 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of building construction services.

DIVIDENDS
An interim dividend of £5010 per share was paid on . The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2024 will be £ 501,000 .

THE ONGOING CONFLICTS : RUSSIA - UKRAINE AND ISRAEL - GAZA - MIDDLE EAST
The ongoing Russia-Ukraine conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither Buildtrust Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes in the year.

The ongoing Israel - Gaza and Middle East conflict
The ongoing Israel - Gaza conflict has resulted in no major impact to cause significant operational risks and that the company continues to assess the nature and extent of any risks and uncertainties arising from these events.

DIRECTOR
Mr I R Nistorel held office during the whole of the period from 1 April 2023 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE
During the year, the company has given charitable donations of £16,944 (2023: £26,180) to local church's and small charitable organizations, non of which are politically connected.

BREXIT
The Company need to continue to assess the nature and extent of risks and uncertainties arising from Brexit. The UK and EU are still within negotiations as to how the future trading relationship will operate after the transition period has ended. The conclusion of those discussions and subsequent agreements may impact on the future performance and position of the business including its solvency, liquidity and going concern. As such, appropriate disclosures should be given as part of the reporting requirements within the Strategic Report/Directors' Report.

IMPACT ON COVID-19 AND GOING CONCERN
We draw your attention to note 25 of the financial statements, which describes the Company's assessment of the COVID-19 impact on its ability to continue as a going concern. The Company have explained that the events arising from the COVID-19 outbreak do not impact its use of the going concern basis of preparation nor do they cast significant doubt about the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

CORONAVIRUS (COVID-19)
The spread of coronavirus (COVID-19) is having a disrupting effect on global markets, staffing, supply chains, and general business operations. Whilst the outbreak was initially focussed in China, it has spread across a significant number of countries worldwide.
As such, the Company should assess the nature and extent of risks and uncertainties arising from the coronavirus. In doing so, the Company should consider what disclosures should be included within the Directors' Report, where relevant.
It is important to remember that the disclosures needed in the Directors' Report are likely to change over time as new information comes to light.


BUILDTRUST LIMITED (Registered number: 06709217)

Report of the Director
for the Year Ended 31 March 2024

ENGAGEMENT WITH EMPLOYEES
Engagement with Employees:
It is the policy of the Company's to encourage and develop all members of staff to realise their maximum potential. Wherever possible, vacancies are filled from within the Company and adequate opportunities for internal promotion are created. The Board is committed to a systematic training policy and has a comprehensive training and development programme creating the opportunity for employees to maintain and improve their performance and to develop their potential to a maximum level of attainment. In this way, staff will make their best possible contribution to the organisation's success. The Company supports the principle of equal opportunities in employment and opposes all forms of unlawful or unfair discrimination on the grounds of race, age, nationality, religion, ethnic or national origin, sexual orientation, gender or gender reassignment, marital status or disability. It is also the policy of the Company, where possible, to give sympathetic consideration to disabled persons in their application for employment with the Company and to protect the interests of existing members of the staff who are disabled.

DIRECTOR'S RESPONSIBILITIES STATEMENT
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, CAS MCGEE LTD, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr I R Nistorel - Director


9 June 2025

Report of the Independent Auditors to the Members of
BUILDTRUST LIMITED

Opinion
We have audited the financial statements of BUILDTRUST LIMITED (the 'company') for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is 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).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Emphasis of matter
We draw your attention to notes of the financial statements, which describes the Company's assessment of the COVID-19 impact on its ability to continue as a going concern. The Company have explained that the events arising from the COVID-19 outbreak do not impact its use of the going concern basis of preparation nor do they cast significant doubt about the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.
Our opinion is not modified in this respect.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
BUILDTRUST LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Director's Responsibilities Statement set out on page nine, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
BUILDTRUST LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the company and the sector in which it operates to identify laws and regulations that could reasonably be expected to have a direct effect on the financial statements. We obtained our understanding in this regard through discussions with management, industry research and application of cumulative audit knowledge.
We determined the principal laws and regulations relevant to the company in this regard to be those arising from the Companies Act 2006, Financial Reporting Standards 102 "The Financial Reporting Standards 102 applicable in the UK and Republic of Ireland."

We designed our audit procedures to ensure the audit team considered whether there are any indications of non-compliance by the company with those laws and regulations. These procedures included, but were not limited to enquiries of management and review of minutes.

We also identified the risks of material misstatements of the financial statements due to fraud. We considered, in addition to the non-rebuttable presumption of a risk of fraud arising from management override of controls, that potential for management bias, none of these were identified during our audit work. We have addressed this by examining and reviewing post year end sales and post year end cash book transactions and discussions made with the management.

As in all of our audits, we addressed the risk of fraud arising from management override of controls by performing audit procedures which included, but were not limited to: the testing of journals,; reviewing accounting estimates for evidence of bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
BUILDTRUST LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr Marios Georghiades FCCA (Senior Statutory Auditor)
for and on behalf of CAS MCGEE LTD
Chartered Certified Accountants &
Registered Auditors
130A Darkes Lane
Potters Bar
Hertfordshire
EN6 1AF

9 June 2025

BUILDTRUST LIMITED (Registered number: 06709217)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 14,476,873 11,459,457

Cost of sales 9,870,776 7,294,067
GROSS PROFIT 4,606,097 4,165,390

Administrative expenses 2,401,186 1,787,296
2,204,911 2,378,094

Other operating income 5,000 5,000
OPERATING PROFIT 4 2,209,911 2,383,094

Interest receivable and similar income 29,982 -
2,239,893 2,383,094

Interest payable and similar expenses 6 948 2,530
PROFIT BEFORE TAXATION 2,238,945 2,380,564

Tax on profit 7 416,735 357,608
PROFIT FOR THE FINANCIAL YEAR 1,822,210 2,022,956

BUILDTRUST LIMITED (Registered number: 06709217)

Other Comprehensive Income
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

PROFIT FOR THE YEAR 1,822,210 2,022,956


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,822,210

2,022,956

BUILDTRUST LIMITED (Registered number: 06709217)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 13 479,353 218,414

CURRENT ASSETS
Stocks 14 205,641 295,965
Debtors 15 4,670,736 2,158,854
Cash at bank 1,754,437 1,595,693
6,630,814 4,050,512
CREDITORS
Amounts falling due within one year 16 3,425,248 1,905,217
NET CURRENT ASSETS 3,205,566 2,145,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,684,919

2,363,709

CAPITAL AND RESERVES
Called up share capital 20 100 100
Retained earnings 21 3,684,819 2,363,609
SHAREHOLDERS' FUNDS 3,684,919 2,363,709

The financial statements were approved by the director and authorised for issue on 9 June 2025 and were signed by:





Mr I R Nistorel - Director


BUILDTRUST LIMITED (Registered number: 06709217)

Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 100 748,603 748,703

Changes in equity
Dividends - (407,950 ) (407,950 )
Total comprehensive income - 2,022,956 2,022,956
Balance at 31 March 2023 100 2,363,609 2,363,709

Changes in equity
Dividends - (501,000 ) (501,000 )
Total comprehensive income - 1,822,210 1,822,210
Balance at 31 March 2024 100 3,684,819 3,684,919

BUILDTRUST LIMITED (Registered number: 06709217)

Cash Flow Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,638,084 1,228,011
Interest element of hire purchase or finance
lease rental payments paid

(948

)

(2,530

)
Other (563,869 ) (38,277 )
Other 87,806 -
Tax paid (138,630 ) 33,860
Net cash from operating activities 1,022,443 1,221,064

Cash flows from investing activities
Purchase of tangible fixed assets (420,790 ) (279,806 )
Sale of tangible fixed assets - 44,333
Interest received 29,982 -
Net cash from investing activities (390,808 ) (235,473 )

Cash flows from financing activities
Amount introduced by directors 28,109 -
Share issue - 100
Equity dividends paid (501,000 ) (407,950 )
Net cash from financing activities (472,891 ) (407,850 )

Increase in cash and cash equivalents 158,744 577,741
Cash and cash equivalents at beginning of
year

2

1,595,693

1,017,952

Cash and cash equivalents at end of year 2 1,754,437 1,595,693

BUILDTRUST LIMITED (Registered number: 06709217)

Notes to the Cash Flow Statement
for the Year Ended 31 March 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31.3.24 31.3.23
£    £   
Profit before taxation 2,238,945 2,380,564
Depreciation charges 159,851 73,633
Profit on disposal of fixed assets - (44,333 )
Finance costs 948 2,530
Finance income (29,982 ) -
2,369,762 2,412,394
Decrease/(increase) in stocks 90,324 (295,965 )
Increase in trade and other debtors (2,255,029 ) (3,923,145 )
Increase in trade and other creditors 1,433,027 3,034,727
Cash generated from operations 1,638,084 1,228,011

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 1,754,437 1,595,693
Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 1,595,693 1,017,952


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank 1,595,693 158,744 1,754,437
1,595,693 158,744 1,754,437
Total 1,595,693 158,744 1,754,437

BUILDTRUST LIMITED (Registered number: 06709217)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

BUILDTRUST LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets:
Tangible fixed assets sre stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Costs include the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

Plant and machinery and fixtures, fittings and equipment:
Plant and machinery and fixtures, fittings and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

BUILDTRUST LIMITED (Registered number: 06709217)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

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.

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.

3. EMPLOYEES AND DIRECTORS
31.3.24 31.3.23
£    £   
Wages and salaries 1,025,070 807,413
Social security costs 105,583 87,280
Other pension costs 39,111 36,198
1,169,764 930,891

The average number of employees during the year was as follows:
31.3.24 31.3.23

27 22

31.3.24 31.3.23
£    £   
Director's remuneration 95,526 55,577
Director's pension contributions to money purchase schemes 13,761 9,760

BUILDTRUST LIMITED (Registered number: 06709217)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.3.24 31.3.23
£    £   
Hire of plant and machinery 104,469 129,417
Depreciation - owned assets 159,851 73,633
Profit on disposal of fixed assets - (44,333 )

5. AUDITORS' REMUNERATION
31.3.24 31.3.23
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

19,225

14,975

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31.3.24 31.3.23
£    £   
Hire purchase 948 2,530

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax 495,970 390,859

Deferred tax (79,235 ) (33,251 )
Tax on profit 416,735 357,608

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.24 31.3.23
£    £   
Profit before tax 2,238,945 2,380,564
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

559,736

452,307

Effects of:
Expenses not deductible for tax purposes 166,338 85,416
Capital allowances in excess of depreciation (420,790 ) (368,445 )
Deferred tax on accelerated Capital allowances 65,235 33,251
Other tax adjustments 60,216 155,079
Other timing difference (14,000 ) -
Total tax charge 416,735 357,608

BUILDTRUST LIMITED (Registered number: 06709217)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIVIDENDS
31.3.24 31.3.23
£    £   
Ordinary shares shares of £1.00 each
Interim 501,000 407,950

9. INTEREST INCOME

Interest income is recognised using the effective interest rate method.

10. BORROWING COSTS

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

11. DISTRIBUTIONS OF DIVIDENDS TO EQUITY SHAREHOLDERS

Dividends and other distributions to the entity's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved for payments by the shareholders. These amounts are recognised in the statement of changes in equity.

12. REVENUE RECOGNITION

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Supply of services:
The company is specialize in providing bespoke maintenance and complete refurbishment services to the Social Housing Sector. These type of services are in great demand as it is more and more difficult to address what is currently deemed as a Housing Chrises.
The supply of services are recognised as sales to customers once the job has been completed or for longer services in stages / progress of completion.
Retail sales invoices for the services supplied are usually settled / paid by direct bank transfers.
Provisions is made for credit notes (if any) based on any dispute between the entity and the social housing sector.

13. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 23,000 63,822 438,206 525,028
Additions 1,343 6,708 412,739 420,790
At 31 March 2024 24,343 70,530 850,945 945,818
DEPRECIATION
At 1 April 2023 8,930 46,878 250,806 306,614
Charge for year 5,086 4,730 150,035 159,851
At 31 March 2024 14,016 51,608 400,841 466,465
NET BOOK VALUE
At 31 March 2024 10,327 18,922 450,104 479,353
At 31 March 2023 14,070 16,944 187,400 218,414


BUILDTRUST LIMITED (Registered number: 06709217)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

14. STOCKS
31.3.24 31.3.23
£    £   
Raw materials 18,827 17,803
Work-in-progress 186,814 278,162
205,641 295,965

Inventories are stated at the lower of costs and estimated selling price less costs to sell. Inventories are recognised as an expense in the period in which the related revenue is recognised.
Cost is determined on the fist-in, first-out (FIFO) method. Cost included te purchase price, including taxes and duties and transport and handling directly attributable to bringing the inventory to its present location and condition.
At the end of the reporting period these inventories are assessed for impairment. In any inventory item is impaired, then the identified inventory is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required then the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,507,438 1,764,291
Other debtors 2,975,028 325,028
Rent deposit 4,250 4,250
Future claim related costs 56,000 16,500
Deferred tax asset
Accelerated capital allowances 123,770 44,535
Prepayments 4,250 4,250
4,670,736 2,158,854

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade and other creditors 423,566 459,086
Tax 782,059 424,719
Social security and other taxes 93,258 86,449
Pension 4,664 -
VAT 521,018 583,975
Future claim liability costs 56,000 16,500
Directors' current accounts 50,128 22,019
Accruals and deferred income 61,444 52,760
Accrued expenses 1,433,111 259,709
3,425,248 1,905,217

17. SECURED DEBTS

The bank has a fixed and floating charge by way of debenture over all the assets of the company which the bank will hold this debenture as security of all debts and other liabilities owed to the bank. This is to include all present and future loans or facilities which has been granted to the company and to its connected companies.

BUILDTRUST LIMITED (Registered number: 06709217)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

18. FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

19. DEFERRED TAX
£   
Balance at 1 April 2023 (44,535 )
Provided during year (65,235 )
Provision for extra claims (14,000 )
Balance at 31 March 2024 (123,770 )

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary shares £1.00 100 100

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of any new ordinary shares or any share options (if any) are shown in equity as a deduction, net of tax, from any proceeds.

21. RESERVES
Retained
earnings
£   

At 1 April 2023 2,363,609
Profit for the year 1,822,210
Dividends (501,000 )
At 31 March 2024 3,684,819

22. CONTINGENT LIABILITIES

During the year, the company had a claim by a 3rd party in the region of £56,000 (2023: £16,500), including legal fees for which there's no acceptance from Buildtrust Limited as the claim is unfounded and still ongoing as at the year ended 31st March 2024.

23. OTHER FINANCIAL COMMITMENTS

The company had no capital or other financial commitments other than those stated in the financial statements as at 31st March 2024.

BUILDTRUST LIMITED (Registered number: 06709217)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

24. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr I R Nistorel
Balance outstanding at start of year (22,019 ) (110,748 )
Amounts advanced (28,109 ) 88,729
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (50,128 ) (22,019 )

At the end of the year, the company owed the director the sum of £50,128 (2023: £22,019). This amount was lent to the company interest free and without any other repayment terms attached to it.

25. RELATED PARTY DISCLOSURES

During the year, total dividends of £501,000 (2023 - £407,950) were paid to the director .

The company's main office, is owned by Homes We Trust Limited, which is under the common control of the same director and shareholder. During the year, the total amount of £17,000 (2023: £17,000) rental charge was paid to Homes We Trust Limited.

During the year, the amount of rent paid to Homes We Trust Limited, amounted to £30,200 (2023:£45,600) which was for the main and satellite offices, of which £4,250 was for Rent Deposit (2023: £4,250).
The rent period during the year changed from quarterly to monthly payments with no rent paid in advance.

During the year, the company advanced the sum of £2,650,000 (2023: £195,500) leaving an amount outstanding of £2,965,028 (2023: £315,027) to Homes We Trust Limited, to finance the acquisition of the freehold property. This amount was lent interest free and without any other repayment terms attached to it.

26. POST BALANCE SHEET EVENTS

There were no essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are prepared. The impact of COVID-19 is described in the Going Concern Consideration Note.

The ongoing Russia-Ukraine conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither Buildtrust Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

The ongoing Israel - Gaza and Middle East conflict
The ongoing Israel - Gaza conflict has resulted in no major impact to cause significant operational risks and that the company continues to assess the nature and extent of any risks and uncertainties arising from these events.

27. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I R Nistorel.

BUILDTRUST LIMITED (Registered number: 06709217)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

28. GOING CONCERN CONSIDERATION

The Company's management does not see a severe impact of COVID-19 outbreak to its activity. The Company tested the financial impact on the following areas of financial statements that can be affected:
- Breach of trade contracts
- Revenue
- Cost of sales
- Expenditure
- Inventories fair value measurements
- Debt repayment

29. DISCLOSURE OF RISKS

Brexit
The Company need to continue to assess the nature and extent of risks and uncertainties arising from Brexit. The UK and EU are still within negotiations as to how the future trading relationship will operate after the transition period has ended. The conclusion of those discussions and subsequent agreements may impact on the future performance and position of the business including its solvency, liquidity and going concern. As such, appropriate disclosures should be given as part of the reporting requirements within the Strategic Report/Directors' Report.

Coronavirus
The spread of coronavirus (COVID-19) is having a disrupting effect on global markets, staffing, supply chains, and general business operations. Whilst the outbreak was initially focussed in China, it has spread across a significant number of countries worldwide.
As such, the Company should assess the nature and extent of risks and uncertainties arising from the coronavirus. In doing so, the Company should consider what disclosures should be included within the Strategic Report/Directors' Report, where relevant.
It is important to remember that the disclosures needed in the Strategic Report/Directors' Report are likely to change over time as new information comes to light.

The ongoing Russia-Ukraine Conflict
The ongoing Russia-Ukraine conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither Buildtrust Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

BUILDTRUST LIMITED (Registered number: 06709217)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

30. IMPAIRMENT OF FIXED ASSETS

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset. the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing. value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

31. CLIMATE CHANGES AND ENVIRONMENTAL RISKS AND RESPONSIBILITIES

Due to the nature of the entity's operational activities there's no exposure to significant environmental risks.

Despite the fact that our organisation offering building and property maintenance services, we are always considering the environmental sustainability. Future business performance will be impacted by our ability to effectively manage the transition to a low carbon economy balancing commercial decisions with the environmental responsibility, agreeing business-wide decarbonisation priorities, and managing changes in customer preferences.
This includes management of the increasing costs associated with sustainable materials, recycling carbon pricing and further technological, policy and regulatory interventions.
We are operating in a world and a sector with high pressure from carbon-conscious customers, government bodies and regulators to operate in a more environmentally conscious manner. To respond to the circular economy, waste reduction and low carbon products and use of a recycled parts and related components.