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REGISTERED NUMBER: 11451719 (England and Wales)












STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

FOR

MCCONNELL GROUP LIMITED

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2025




Page

Company Information 1

Strategic Report 2

Report of the Directors 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 21


MCCONNELL GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2025







DIRECTORS: R H McGregor
J M Wallis
C M Roe



REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP



REGISTERED NUMBER: 11451719 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr Mark Jones FCA



AUDITORS: Cook & Partners Limited
Statutory Auditor
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

STRATEGIC REPORT
FOR THE YEAR ENDED 30TH APRIL 2025

The directors present their strategic report for the year ended 30th April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company is that of an investment holding company.

REVIEW OF BUSINESS
We have delivered a solid year of growth. Turnover at Hugh L S McConnell Limited increased to £81.6m (from £57.5m in FY24), Operating Profit increased to £2.9m (from £2.4m in FY24), and our year end cash position increased to £10.8m (from £5.5m in FY24).

Please note that on 17 July 2024, McConnell Group Holdings Limited completed the acquisition of McConnell Group Limited, and by extension, Hugh L S McConnell Limited.

Our turnover growth is mainly attributable to our success in attracting larger projects, that are comfortably within our leadership and management capability. Our regionalised operating structure brings further focus and effectiveness to growth generation and control.

The company continues to invest for growth, and the primary investment continues to be in people. We have continued to strengthen our senior leadership and management teams, beyond our growth, to give us operational resilience and ensure our service standards.

Other significant investments in FY25 included the opening of a Midlands Regional Office in Derby, a planned increase in our specialist trades workforce, and the expansion and decarbonisation of our fleet. We have a robust secured order book and continue to increase our market penetration and reputation in Scotland and England.

The Directors are very pleased with the overall performance of the business in FY25 and would like to thank all employees, supply chain partners, advisors, and customers for their support, commitment, and loyalty.


MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

STRATEGIC REPORT
FOR THE YEAR ENDED 30TH APRIL 2025

PRINCIPAL RISKS AND UNCERTAINTIES
The company is exposed to risks and uncertainties arising from the macro-economic factors that affect the UK construction industry. Risk management is at the core of all our management processes and behaviours. Key risks and mitigation measures are identified in the table below.

Availability of Resources

- People driven approach, not numbers & target driven.
- Committed to being the Employer of Choice to attract people who align with our values.
- Treat supply chain partners fairly and be the partner of choice.
- Core of directly employed trades.

Unpredictable Cost Base

- Avoid long-term fixed price contracts.
- Risk share with Customers and Supply Chain.
- Long-term Supply Chain Agreements.

Project Safety and Quality Delivery

- Our Health & Safety Management Systems are ISO 45001 registered and approved.
- Health & Safety is the first point of order in all board meetings and is prioritised operationally.
- Quality Assured Processes and Accreditation.
- 'Golden Thread' Digital Quality Control on all key projects.

Liquidity Risk

- Active short, medium, and long-term cashflow forecasting.
- Cash reserves remain liquid.
- Significant Working Capital Loan Facility (unused in FY25).
- Owners work, and are invested, in the company.
- Majority of profits are re-invested in Company.

Credit Risk

- Majority of Customer base are Local Authority, Housing Association, other Government-Backed, or Blue-Chip
Private Sector.
- Active credit-checking and risk controls for all Customers.
- Cash reserves are not put at risk.

Inflation

- Avoid long-term fixed price projects.
- Shared risk with Customers and Supply Chain.
- Monitor regularly and adjust pricing accordingly.

Over-extending on Growth

- Regional Operating Structure gives SME-type control.
- Deeply experienced Senior Leadership Team.
- Growth is organic not acquisitive which gives us better control.
- Majority of growth is derived from securing higher value projects.
- Comprehensive and robust 'early-warning' reporting procedures.
- Service focussed and assured approach.






MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

STRATEGIC REPORT
FOR THE YEAR ENDED 30TH APRIL 2025

Ownership Risk

- The owners actively work in the business.
- No external investors, no private equity, no external shareholders.
- Empowered decision-making that leverages ownership, experience, and expertise, while maintaining the necessary level of control and accountability.

Diversification Risk

- Committed to existing markets.
- Ample headroom for growth without diversification.
- There are significant long-term future funding commitments to existing markets to meet regulatory and governmental commitments such as decarbonisation, fire remediation, cladding remediation, and increased social, welfare, and living standards.

Insurance

- We have robust, comprehensive, and suitable value, insurance policies for all key risks that are insurable.

Political & Government

- Our markets are predominantly made up of the stable cyclical financial investment required to maintain high-value property assets and are extremely resilient to political and governmental risk and change.
- We actively monitor political risk and government policy and regulation changes, and we plan and adapt to
these in a timely and measured way.

McConnell is a business that is managed and controlled by directors who are owners and are deeply experienced. The senior leadership team have all held senior leadership roles in much larger companies. In acting as hands-on experienced owners, directors, and leaders, it gives us greater empowerment, agility, and accountability, that helps us deliver a regionally focussed and assured service offering.

We are confident that McConnell remains well-placed to continue to develop and grow successfully and has excellent internal and external resilience and opportunity.


MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

STRATEGIC REPORT
FOR THE YEAR ENDED 30TH APRIL 2025


McConnell is committed to meeting its environmental and climate obligations.

Managing Environmental Impacts

McConnell is committed to taking a comprehensive approach to reducing its environmental impacts. The Company takes a continuous improvement approach to its energy and fuel usage across its operations, making significant efforts to manage our office space efficiently, and ensuring our fleet is on a long-term trajectory of emissions reduction. Through ongoing collaboration with all our stakeholders, we are looking to deliver a long-term structured programme to reduce carbon across all aspects of our operation and we are committed to meeting the Government's target of Carbon Net Zero by 2050 and will strive to deliver ahead of time. Transport emissions remain our priority area, but we consider all our transport, power, and energy options. The intention remains to invest in proven green technologies at appropriate points in the future to ensure a well-managed and credible approach to achieve our Carbon Net Zero target. McConnell also takes a proactive approach to our wider environmental impacts.

Our Environmental Management Policy shapes the way we manage our impacts on a day-to-day basis to complement our longer-term strategic approach.

McConnell has held the ISO 14001 Environmental Management Standard for 6 years

Reporting Boundary

The reporting boundary is the UK business operations over which we have 100% operational and financial control for the reporting period 1st May 2024 - 30th April 2025 in line with our financial year.

In addition to reporting the mandatory gas, electricity and transport emissions, the company has also chosen to report its emissions from business mileage. These emissions reflect the majority of our carbon emissions from our operations.

Performance

Financial year 2024/25 is providing Hugh LS McConnell Ltd with its baseline Streamlined Energy and Carbon Reporting emissions and therefore there is no trend analysis to report.

However, we have always taken a pro-active approach to reducing our carbon emissions through improvement to our fleet and our office infrastructure. A spirit of innovation runs throughout our approach to carbon management, and we will continue to invest in new technologies and initiatives to reduce our climate impact.


1. UK energy usage:


UK Energy Usage (kWh) 2024/25
Gas 21,451.59
Electricity 156,792
Combustion of fuel in owned fleet 1,967,317.57
Business travel 664,592.66
2,810,153.82

2. Greenhouse gas emissions:


Greenhouse Gas Emissions
(tCO2e)

Scope

tCO2e
Gas 1 3.92
Combustion of fuel in owned fleet 1 468.73
Electricity 2 32.46
Business travel 3 132.52
637.63


MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

STRATEGIC REPORT
FOR THE YEAR ENDED 30TH APRIL 2025


3. Emission intensity ratio:


Turnover 2024/25
Emission Intensity Ratio (tC02e)
per £million turnover

63.8

7.81


Methodology

Carbon emissions have been calculated in accordance with the World Resources Institute Greenhouse Gas Protocol Corporate Accounting and Reporting Standard (2015). HM Government Environmental Reporting Guidelines (March 2019), and GHG conversion factors 2024 have been used to convert activity emissions into tonnes of carbon dioxide equivalent (CO2e).

Examples of current initiatives and planned activity

Current initiatives and activity:

- Establishing energy efficient improvements in our offices including PIR sensors and LED lighting.
- Increased use of virtual meetings
- Achievement and maintenance of ISO14001 certification
- Membership of the Sustainability Supply Chain School and use of its resource bank
- Achieved bronze level in Scotland's Zero Waste Resource Efficiency Pledge
- Introduced 'Think Local' programme to help local procurement and reduce road miles.

Initiatives under consideration for the coming 12 months:

- Increased move towards electric fleet vehicles.
- Introduction of Sustainable Travel Policy.
- Improve our rating in relation to Scotland's Zero Waste Resource Efficiency pledge.
- Roll out of an internal carbon reduction training programme
- Review of office energy efficiency
- Working towards attaining BS99001 certification.

Summary

As this is our first SECR Report we will use this data as the baseline for reporting future energy and carbon performance. McConnell has always operated as a highly responsible business and as outlined above we have already been taking positive steps to reduce our carbon emissions.

We are currently working on our wider Environmental, Social, and Governance (ESG) Strategy and our approach to energy and carbon reduction will be a central element of this strategy, including the collection of our carbon data and the role of carbon reduction in the decision-making process of the Board.

The McConnell business is committed to a process of continuous improvement in our management of our energy usage and carbon emissions.


MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

STRATEGIC REPORT
FOR THE YEAR ENDED 30TH APRIL 2025


Future prospects

Our core addressable market continues to be made up of the cyclical financial investment required to maintain and update high-value property assets, to allow them to continue to be occupied, functional, rentable, mortgageable, insurable, and leveraged. History has shown us that the building and infrastructure maintenance and refurbishment sectors are extremely resilient to political change, policy change, and recessions.

It is widely reported that the buildings in many of our sectors have suffered from under-investment over a long period of time, and there is a continued essential and growing need for building owners to invest in and improve the condition of built assets in Housing, Health, Education, Public Buildings, and Defence Infrastructure, in order to retain and improve their functionality, and protect their underlying asset value. Add to this, the mandatory requirement to reduce carbon emissions from all built form in the UK, and the national cladding and fire remediation programmes, and we consider there is a compelling resilience to our core addressable markets. We estimate that the annual spend in the UK for the maintenance and refurbishment of all buildings and infrastructure, is in the region of £15bn to £17bn. McConnell directly addresses around 75% of that expenditure by geography and work-type, and we have a very small market share of this. Even allowing for a counter-intuitive reduction in investment in our addressable markets, we still see significant opportunity for continued growth and consolidation.

We are confident that McConnell remains well-placed to continue to develop and grow successfully and has excellent internal and external resilience and opportunity

Stakeholder engagement

Our people are our most important assets and our largest area of investment. Our Company 'Why' is "to create an authentic environment where people can be the best versions of themselves, where they can blossom and reach their full potential, feeling safe and secure, achieving a healthy life balance, and enjoying their career." We actively engage with our employees directly, and through numerous interactive communication channels, including an Employee Forum that has direct access and influence with our senior leadership team. We offer competitive remuneration and enlightened benefit packages that are designed to attract and retain the best people. This year we added the benefit of direct access to world-class mental health experts for all employees and their spouses.

Our relationship with our business partners including clients, suppliers, subcontractors, and how we engage with the communities in which we work, is fundamental to our success. We have a set of Care Values and Leadership Principles that define how we conduct ourselves in these relationships, and we are rigorous in ensuring that we act in accordance with these. We have experienced and empowered leaders in the areas of Customer Experience, Social Value, Health & Safety, Supply Chain Relations, Environmental Management and Governance, and robust policies and accreditations that underpin our performance. We strive to work in an open and collaborative way with all stakeholders and build positive, long-lasting, mutually beneficial, relationships.

ON BEHALF OF THE BOARD:





R H McGregor - Director


24th July 2025

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30TH APRIL 2025

The directors present their report with the financial statements of the company for the year ended 30th April 2025.

DIVIDENDS
No dividends will be distributed for the year ended 30th April 2025.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st May 2024 to the date of this report.

R H McGregor
J M Wallis
C M Roe

Other changes in directors holding office are as follows:

E McGarvey - resigned 17th July 2024

CHARITABLE DONATIONS AND EXPENDITURE
The group made donations totaling £25,000 during the year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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 directors are 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 each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30TH APRIL 2025


AUDITORS
The auditors, Cook & Partners Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





R H McGregor - Director


24th July 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MCCONNELL GROUP LIMITED

Opinion
We have audited the financial statements of McConnell Group Limited (the 'company') for the year ended 30th April 2025 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 30th April 2025 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 directors' 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 directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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.

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 Directors 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 Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MCCONNELL GROUP LIMITED


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 Directors.

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 directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page eight, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MCCONNELL GROUP 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:

Explanation as to what extent the audit was considered capable of detecting irregularities, including Fraud.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

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

Auditors approach to assessing the risks of material misstatement due to irregularities, including fraud.

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity. The following laws and regulations are considered to be significant to the entity:

- Financial reporting Standard 102
- Companies Act 2006
- UK General Data Protection Regulation


We assessed the risks of material misstatement in respect of fraud as follows:

- Discussed the risk of material misstatement due to irregularities, including fraud with management at the planning stage to confirm that risks had been adequately identified and that the controls in place are sufficient for the size and nature of the business to reduce those risks to an acceptably low level.

- Undertook an initial analytical review of the financial statements to identify any potentially unusual or unexpected relationships or high risk audit areas.

- Completed a risk assessment checklist to aid in the identification of Risks for a company of this size and nature.

- We considered the risk of fraud through management override of controls, a common risk in a company of this size and nature, in response; we incorporated testing of manual journal entries into our audit approach and undertook a purely substantive approach to the audit with no reliance placed on controls.

- Accounting policies were reviewed at the planning stage to identify any subjective measurements or complex transactions where management would have the potential to show bias.

- Ensured all in the audit team are aware of the risks identified and particular areas that were susceptible to misstatement and during the audit planning meeting.

- Throughout the audit additional substantive testing was undertaken in areas where there was perceived to be a medium or high risk of misstatement.

- Audit testing was undertaken in a manner that was unpredictable in nature, selection and timing when compared to previous years work.

- The engagement Partners final review of the audit file and financial statements included a detailed review of all areas of medium or high risk identified at the planning stage of the audit.



REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MCCONNELL GROUP LIMITED

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above:

- Financial reporting Standard 102, Companies Act 2006 and UK General Data Protection Regulation. The audit team all have a good understanding of the requirements under these laws and regulations common to most trading businesses and were alert throughout the audit to any potential instances of non-compliance.

- Further, at both the planning and completion stage of the audit enquiries where made of management regarding any known instances of fraud or non-compliance with laws and regulations.

- These representations were corroborated where possible through the review of board minutes and correspondence with HMRC and companies house. No contradictory evidence was noted.


We consider that the work detailed above has ensured that the likelihood of detection of irregularities including fraud is considered to be high both at management level and during our audit approach. It is however worth noting that there is an inherent difficulty in detecting irregularities and there is no guarantee that all irregularities have been identified.

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.

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 Mark Jones FCA (Senior Statutory Auditor)
for and on behalf of Cook & Partners Limited
Statutory Auditor
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

24th July 2025

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

INCOME STATEMENT
FOR THE YEAR ENDED 30TH APRIL 2025

2025 2024
Notes £    £   

TURNOVER - -

Administrative expenses - 1,179
- (1,179 )

Other operating income 45,913 -
OPERATING PROFIT/(LOSS) 45,913 (1,179 )


Interest payable and similar expenses 4 - 10,764
PROFIT/(LOSS) BEFORE TAXATION 45,913 (11,943 )

Tax on profit/(loss) 5 7,752 -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

38,161

(11,943

)

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30TH APRIL 2025

2025 2024
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 38,161 (11,943 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

38,161

(11,943

)

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

BALANCE SHEET
30TH APRIL 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investments 6 1,296,999 1,296,999

CURRENT ASSETS
Cash at bank 24,000 23,799

CREDITORS
Amounts falling due within one year 7 952,074 990,034
NET CURRENT LIABILITIES (928,074 ) (966,235 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,925

330,764

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Capital redemption reserve 9 200 200
Retained earnings 9 367,725 329,564
SHAREHOLDERS' FUNDS 368,925 330,764

The financial statements were approved by the Board of Directors and authorised for issue on 24th July 2025 and were signed on its behalf by:





R H McGregor - Director


MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30TH APRIL 2025

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1st May 2023 1,000 341,507 200 342,707

Changes in equity
Total comprehensive income - (11,943 ) - (11,943 )
Balance at 30th April 2024 1,000 329,564 200 330,764

Changes in equity
Total comprehensive income - 38,161 - 38,161
Balance at 30th April 2025 1,000 367,725 200 368,925

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30TH APRIL 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 201 104,161
Interest paid - (10,764 )
Net cash from operating activities 201 93,397

Cash flows from financing activities
Loan from/(to) subsidiary - 944,322
Loan repayments in year - (1,050,000 )
Amount withdrawn by directors - (100,000 )
Net cash from financing activities - (205,678 )

Increase/(decrease) in cash and cash equivalents 201 (112,281 )
Cash and cash equivalents at beginning of
year

2

23,799

136,178

Cash and cash equivalents at end of year 2 24,000 23,799

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30TH APRIL 2025

1. RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2025 2024
£    £   
Profit/(loss) before taxation 45,913 (11,943 )
Finance costs - 10,764
45,913 (1,179 )
Decrease in trade and other debtors - 97,127
(Decrease)/increase in trade and other creditors (45,712 ) 8,213
Cash generated from operations 201 104,161

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 30th April 2025
30.4.25 1.5.24
£    £   
Cash and cash equivalents 24,000 23,799
Year ended 30th April 2024
30.4.24 1.5.23
£    £   
Cash and cash equivalents 23,799 136,178


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.24 Cash flow At 30.4.25
£    £    £   
Net cash
Cash at bank 23,799 201 24,000
23,799 201 24,000
Total 23,799 201 24,000

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

ERROR MESSAGES FROM THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30TH APRIL 2025


** LAST YEAR - MOVEMENT IN CASH AND CASH EQUIVALENTS
AS CALCULATED IN CASH FLOW STATEMENT
DOES NOT AGREE TO MOVEMENT PER BALANCE SHEET

COMPARE MOVEMENT ON CASH FLOW STATEMENT = (112,281 )


TO MOVEMENT PER BALANCE SHEET
CASH AND CASH EQUIVALENTS = (112,379 )



MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2025

1. STATUTORY INFORMATION

McConnell Group 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.

Preparation of consolidated financial statements
The financial statements contain information about McConnell Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its ultimate parent, McConnell Group Holdings Limited.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
external charges.

Cash on the balance sheet comprises cash in hand and cash at bank.

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.

3. EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 30th April 2025 nor for the year ended 30th April 2024.

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2025

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2025 2024

4 4

2025 2024
£    £   
Directors' remuneration - -

4. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Loan interest - 10,764

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 7,752 -
Tax on profit/(loss) 7,752 -

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:

2025 2024
£    £   
Profit/(loss) before tax 45,913 (11,943 )
Profit/(loss) multiplied by the standard rate of corporation tax in the UK of
23.390% (2024 - 0%)

10,739

-

Effects of:
Utilisation of tax losses (2,987 ) -
Total tax charge 7,752 -

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2025

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st May 2024
and 30th April 2025 1,296,999
NET BOOK VALUE
At 30th April 2025 1,296,999
At 30th April 2024 1,296,999

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Hugh L S McConnell Limited
Registered office: Manufactory House, Bell Lane, Hertford, England, SG14 1BP.
Nature of business: Building and facility refurbishment
%
Class of shares: holding
Ordinary 100.00
2025 2024
£    £   
Aggregate capital and reserves 7,717,000 5,542,000
Profit for the year 2,680,000 2,283,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed to group undertakings 944,322 944,322
Tax 7,752 -
Accrued expenses - 45,712
952,074 990,034

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
9,300 Ordinary A 0.10 950 950
600 Ordinary B 0.10 50 50
100 Ordinary D 0.10 - -
1,000 1,000

During the year, 200 Ordinary A shares were redesignated into 100 Ordinary B shares and 100 Ordinary D shares. Please note that Ordinary A, Ordinary B, and Ordinary D shares carry full rights in respect of voting, dividends, and other distributions. However, the directors retain the discretion to declare different dividend rates for Ordinary A, Ordinary B, and Ordinary D shares.

MCCONNELL GROUP LIMITED (REGISTERED NUMBER: 11451719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2025

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st May 2024 329,564 200 329,764
Profit for the year 38,161 38,161
At 30th April 2025 367,725 200 367,925

10. CONTINGENT LIABILITIES

During the year, the group entered into an agreement with IGF Business Credit Limited for an invoice discounting facility of up to £7 million, secured against group assets. As of the year-end, no amounts were outstanding under this facility, and the business did not make use of the facility at any point during the period, reflecting its strong working capital position and cash management.

11. ULTIMATE CONTROLLING PARTY

On 17 July 2024, McConnell Group Holdings Limited, incorporated in England and Wales with its registered office at Manufactory House, Bell Lane, Hertford, England, SG14 1BP, acquired 100% of the shares of McConnell Group Limited. The Company's financial results are included in the consolidated accounts of McConnell Group Holdings Limited. Copies of these consolidated financial statements are available from the registered office.

The ultimate controlling parties are Robert McGregor, Eamonn McGarvey, Jon Wallis, David Kelly, and Stephen Allen.