REGISTERED NUMBER: 04704043 (England and Wales)

MARTIN KING CONSTRUCTION LTD

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Directors:

Mrs J E Hunt

Mr J S B Hunt

Mrs A E Loach

Ms T M Hunt

Mrs C V Doe

Mr D A Loach

Mr R Doe

Secretaries:

Mrs A E Loach

Ms T M Hunt

Mrs C V Doe

Registered office:

Artisans House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

Registered number:

04704043 (England and Wales)

Accountants:

Cobley Desborough

Chartered Certified Accountants

Chartered Tax Advisers

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

FIXED ASSETS

Tangible assets

4

19,210

24,294

Investments

5

75

75

19,285

24,369

CURRENT ASSETS

Stocks

3,742,103

3,554,828

Debtors

6

3,324,845

3,564,631

Cash at bank

102,430

113,821

7,169,378

7,233,280

CREDITORS

Amounts falling due within one year

7

250,265

288,942

NET CURRENT ASSETS

6,919,113

6,944,338

TOTAL ASSETS LESS CURRENT LIABILITIES

6,938,398

6,968,707

CREDITORS

Amounts falling due after more than one year

8

3,500,000

3,500,000

NET ASSETS

3,438,398

3,468,707

CAPITAL AND RESERVES

Called up share capital

9

3,050,075

3,050,075

Capital redemption reserve

50

50

Retained earnings

388,273

418,582

SHAREHOLDERS' FUNDS

3,438,398

3,468,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:

Mr J S B Hunt - Director

1.	STATUTORY INFORMATION

Martin King Construction Ltd 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" including the provisions of Section 1A "Small Entities" 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 fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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 Statement of Income and Retained Earnings, 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.

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.

Debtors and creditors receivable / payable within one year

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 April 2024

and 31 March 2025

37,259

Depreciation

At 1 April 2024

12,965

Charge for year

5,084

At 31 March 2025

18,049

Net book value

At 31 March 2025

19,210

At 31 March 2024

24,294

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 April 2024

and 31 March 2025

75

Net book value

At 31 March 2025

75

At 31 March 2024

75

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

3,326

17,797

Amounts owed by group undertakings

1,991,000

2,017,020

Loans and advances to customers

35,119

34,769

Other debtors

13,835

2,442

2,043,280

2,072,028

Amounts falling due after more than one year:

Loans and advances to customers

1,281,565

1,492,603

Aggregate amounts

3,324,845

3,564,631

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

48,762

98,548

Taxation and social security

-

18,119

Other creditors

201,503

172,275

250,265

288,942

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

3,500,000

3,500,000

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Unsecured loan stock

3,500,000

3,500,000

The £3,500,00 10% Unsecured Loan Stock 2036 is repayable by a single instalment on 31 December 2036. Under the terms of the loan stock instrument every stockholder shall be entitled to attend general meetings of the the company and exercise one vote for every complete £100,000 of stock registered in his or her name. All loan stock is held jointly by the directors Mrs J E Hunt and Mr J S B Hunt.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3,050,075

Ordinary

£1

3,050,075

3,050,075