REGISTERED NUMBER: 15480922 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

10 FEBRUARY 2024 TO 31 DECEMBER 2024

FOR

CONNECT CONSTRUCTION AND MAINTENANCE

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T Philippou

Mrs O Philippou

REGISTERED OFFICE:

Fourth Floor

Chase House

305 Chase Road

London

N14 6JS

REGISTERED NUMBER:

15480922 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

2,416

CURRENT ASSETS

Stocks

5

1,155

Debtors

6

1,090,036

Cash at bank and in hand

508

1,091,699

CREDITORS

Amounts falling due within one year

7

1,018,788

NET CURRENT ASSETS

72,911

TOTAL ASSETS LESS CURRENT LIABILITIES

75,327

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

75,227

SHAREHOLDERS' FUNDS

75,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 2 July 2025 and were signed on its behalf by:

Mr T Philippou - Director

1.	STATUTORY INFORMATION

Connect Construction And Maintenance 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" 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 includes revenue earned from the rendering of services which is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

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 period 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 period 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.

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 period was 9 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

2,607

At 31 December 2024

2,607

DEPRECIATION

Charge for period

191

At 31 December 2024

191

NET BOOK VALUE

At 31 December 2024

2,416

5.

STOCKS

£

Stocks

1,155

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

287,719

Other debtors

15,076

Prepayments and accrued income

787,241

1,090,036

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

17,107

Tax

24,834

Social security and other taxes

35,239

Pension payable

511

VAT

107,590

Other creditors

108,128

Amount due to related party

720,181

Directors' current accounts

886

Accrued expenses

4,312

1,018,788

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

100 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.

9.	RELATED PARTY DISCLOSURES

At the period end the company owed £548,749 to Connect Lettings and Management Ltd, a company in which a director has significant control. The balance is unsecured, interest free and payable on demand.

At the period end the company owed £111,432 to Connect Portfolio Ltd a company in which a director has significant influence. The balance is unsecured, interest free and payable on demand.

At the period end the company owed £60,000 to Connect Block Management Ltd a company in which a director has significant control. The balance is unsecured, interest free and payable on demand.