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REGISTERED NUMBER: 06436944 (England and Wales)

DAMSON NEW BUILD LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

| DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| DAMSON NEW BUILD LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2024

| DIRECTORS: | Mr P Tanna

| Mr R A Sketchley

| REGISTERED OFFICE: | Cash's Business Centre

| 1st Floor

| 228 Widdrington Road

| Coventry

| West Midlands

| CV1 4PB

| REGISTERED NUMBER: | 06436944 (England and Wales)

| ACCOUNTANTS: | Shah & Co (Accountants) Ltd

| Chartered Certified Accountants

| Cash's Business Centre

| 1st Floor

| 228 Widdrington Road

| Coventry

| West Midlands

| CV1 4PB

| DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944) |

BALANCE SHEET

30 SEPTEMBER 2024

| 30.9.24 |  | 30.9.23

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 274,771 |  | 296,726 |  |

Investments | 5 | 85,000 |  | 85,000 |  |

359,771 |  | 381,726 |  |

CURRENT ASSETS

Stocks | 34,451 |  | 320,875 |  |

Debtors | 6 | 1,053,050 |  | 1,062,552 |  |

Cash at bank and in hand | 57,244 |  | 34,775 |  |

1,144,745 |  | 1,418,202 |  |

CREDITORS

Amounts falling due within one year | 7 | (447,696 | ) | (982,435 | ) |

NET CURRENT ASSETS | 697,049 |  | 435,767 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,056,820 |  | 817,493 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (815,245 | ) | (537,851 | ) |

PROVISIONS FOR LIABILITIES | 10 | (18,426 | ) | (18,412 | ) |

NET ASSETS | 223,149 |  | 261,230 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 104 |  | 104 |  |

Retained earnings | 223,045 |  | 261,126 |  |

SHAREHOLDERS' FUNDS | 223,149 |  | 261,230 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944) |

BALANCE SHEET - continued

30 SEPTEMBER 2024

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:

Mr P Tanna - Director

| DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. | STATUTORY INFORMATION

| Damson New Build 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Preparation of consolidated financial statements

| The financial statements contain information about Damson New Build Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| 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 fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 2% on cost

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

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

| 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.

| DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2023 - 9 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 October 2023 | 232,530 |  | 172,167 |  | 14,458 |  |

| Additions | - |  | - |  | - |  |

| Disposals | - |  | - |  | - |  |

| At 30 September 2024 | 232,530 |  | 172,167 |  | 14,458 |  |

| DEPRECIATION

| At 1 October 2023 | 51,161 |  | 67,758 |  | 9,906 |  |

| Charge for year | 4,651 |  | 15,662 |  | 683 |  |

| At 30 September 2024 | 55,812 |  | 83,420 |  | 10,589 |  |

| NET BOOK VALUE

| At 30 September 2024 | 176,718 |  | 88,747 |  | 3,869 |  |

| At 30 September 2023 | 181,369 |  | 104,409 |  | 4,552 |  |

| DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 October 2023 | - |  | 26,155 |  | 445,310 |  |

| Additions | 13,440 |  | - |  | 13,440 |  |

| Disposals | (13,440 | ) | - |  | (13,440 | ) |

| At 30 September 2024 | - |  | 26,155 |  | 445,310 |  |

| DEPRECIATION

| At 1 October 2023 | - |  | 19,759 |  | 148,584 |  |

| Charge for year | - |  | 959 |  | 21,955 |  |

| At 30 September 2024 | - |  | 20,718 |  | 170,539 |  |

| NET BOOK VALUE

| At 30 September 2024 | - |  | 5,437 |  | 274,771 |  |

| At 30 September 2023 | - |  | 6,396 |  | 296,726 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

£ |

| COST

| At 1 October 2023

| and 30 September 2024 | 155,845 |  |

| DEPRECIATION

| At 1 October 2023 | 56,615 |  |

| Charge for year | 14,885 |  |

| At 30 September 2024 | 71,500 |  |

| NET BOOK VALUE

| At 30 September 2024 | 84,345 |  |

| At 30 September 2023 | 99,230 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 October 2023

| and 30 September 2024 | 85,000 |  |

| NET BOOK VALUE

| At 30 September 2024 | 85,000 |  |

| At 30 September 2023 | 85,000 |  |

| DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Trade debtors | 705,865 |  | 91,900 |  |

| Other debtors | 347,185 |  | 970,652 |  |

1,053,050 |  | 1,062,552 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank loans and overdrafts | 32,150 |  | 205,693 |  |

| Hire purchase contracts | 17,169 |  | 17,169 |  |

| Trade creditors | 322,126 |  | 582,170 |  |

| Taxation and social security | 14,180 |  | 49,646 |  |

| Other creditors | 62,071 |  | 127,757 |  |

447,696 |  | 982,435 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank loans | 809,893 |  | 515,000 |  |

| Hire purchase contracts | 5,352 |  | 22,851 |  |

815,245 |  | 537,851 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Private loan | 520,500 |  | 515,000 |  |

| Repayable by instalments

| Bank loans more 5 yr by instal | 289,393 |  | - |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank loans | 842,043 |  | 720,693 |  |

| Hire purchase contracts | 22,521 |  | 40,020 |  |

864,564 |  | 760,713 |  |

| Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery.

| The obligations under hire purchase contracts are secured on related assets and are all repayable within five years.

| DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. | PROVISIONS FOR LIABILITIES

| 30.9.24 |  | 30.9.23

£ | £ |

| Deferred tax | 18,426 |  | 18,412 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2023 | 18,412 |  |

| Increase in provision | 14 |  |

| Balance at 30 September 2024 | 18,426 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.24 |  | 30.9.23

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

| 2 | Ordinary A Shares | £1 | 2 |  | 2 |  |

| 2 | Ordinary B Shares | £1 | 2 |  | 2 |  |

104 |  | 104 |  |

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| Included within the other creditors, the amount owed to the directors is £ 594 (2023 £ 777). The loans are unsecured, interest free and with no fixed date of repayment.

13. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £18,250 (2023 - £9,750) were paid to the directors .

| Loans have been given to and received from companies under common control of the directors, the balance of these loans due to the company included in other debtors at the year end was £301,058.

14. | CONTROLLING PARTY

| There is no one controlling party.