REGISTERED NUMBER: 01915026 (England and Wales)

Alresford Builders Merchants Ltd

Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R W Little

C E Little

SECRETARY:

R W Little

REGISTERED OFFICE:

The George Yard

18 Broad Street

Alresford

Hampshire

SO24 9AQ

REGISTERED NUMBER:

01915026 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

895,076

926,965

Investments

6

1,835,065

1,666,490

Investment property

7

751,000

751,000

3,481,141

3,344,455

CURRENT ASSETS

Stocks

331,730

318,427

Debtors

8

236,118

259,929

Cash at bank and in hand

2,743,089

2,429,962

3,310,937

3,008,318

CREDITORS

Amounts falling due within one year

9

1,893,773

1,911,848

NET CURRENT ASSETS

1,417,164

1,096,470

TOTAL ASSETS LESS CURRENT LIABILITIES

4,898,305

4,440,925

PROVISIONS FOR LIABILITIES

13,031

21,004

NET ASSETS

4,885,274

4,419,921

CAPITAL AND RESERVES

Called up share capital

11

100

100

Revaluation reserve

12

-

347,703

Fair value reserve

12

421,641

-

Retained earnings

12

4,463,533

4,072,118

SHAREHOLDERS' FUNDS

4,885,274

4,419,921

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th September 2025 and were signed on its behalf by:

R W Little - Director

1.	STATEMENT OF COMPLIANCE

Alresford Builders Merchants Limited is a private company limited by shares and is incorporated in England and Wales, registration number 01915026. The registered office is 18 Broad Street, Alresford, Hampshire, SO24 9AQ.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of 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, with the exception of investments which are held at market value.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Goodwill

Goodwill, being the difference between the amount paid and the value of the assets acquired in connection with the acquisition of the trade and assets of a business is amortised over 5 years, which is considered the useful life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold land and buildings

-

not provided

Plant and Equipment

-

25% on cost

Office Equipment

-

25% on cost

Motor Vehicles

-

25% on cost

Land is not depreciated. Freehold buildings are maintained in good repair and it is considered that residual values are such that depreciation is not significant. The requirement to undertake an impairment review is carried out annually.

Investments

Fixed asset investments are included at fair value.

Income from investments are recognised in the Income Statement.

Unrealised gains or losses on fair value, less any reversal of earlier gains, are transferred to a fair value reserve.

Realised gains or losses when the investments are sold are transferred from the fair value reserve to the profit and loss account.

Investment Property

Investment properties are included at fair value. Gains or losses on fair value are recognised in the Income Statement. Deferred taxation is provided on any gains at the rate expected to apply when the properties are sold.

Gains on fair value less any reversal of earlier gains, are transferred to a fair value reserve.

Realised gains or losses when the properties are sold are transferred from the fair value reserve to the profit and loss account.

Stocks

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

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents

These comprise cash at bank.

Debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Income Statement when there is objective evidence that the asset is impaired.

Creditors

Creditors are not interest bearing and are stated at their nominal value.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

36,803

Disposals

(36,803

)

At 31st December 2024

-

AMORTISATION

At 1st January 2024

36,803

Eliminated on disposal

(36,803

)

At 31st December 2024

-

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Freehold

land and

Plant and

Office

Motor

buildings

Equipment

Equipment

Vehicles

Totals

£

£

£

£

£

COST

At 1st January 2024

853,462

159,736

11,695

45,651

1,070,544

Additions

-

1,900

-

-

1,900

At 31st December 2024

853,462

161,636

11,695

45,651

1,072,444

DEPRECIATION

At 1st January 2024

-

113,815

11,168

18,596

143,579

Charge for year

-

24,244

527

9,018

33,789

At 31st December 2024

-

138,059

11,695

27,614

177,368

NET BOOK VALUE

At 31st December 2024

853,462

23,577

-

18,037

895,076

At 31st December 2023

853,462

45,921

527

27,055

926,965

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st January 2024

1,666,490

Additions

401,717

Disposals

(304,452

)

Revaluations

71,310

At 31st December 2024

1,835,065

NET BOOK VALUE

At 31st December 2024

1,835,065

At 31st December 2023

1,666,490

Cost or valuation at 31st December 2024 is represented by:

Other

investments

£

Valuation in 2024

1,835,065

Of the above investments £1,326,676 (2023: £1,439,091) is the cost value of the listed investments.

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

751,000

NET BOOK VALUE

At 31st December 2024

751,000

At 31st December 2023

751,000

Cost at 31st December 2024 is represented by £751,000 (2023: £751,000)

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

236,118

259,929

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

74,852

82,749

Corporation tax

136,494

142,080

Social security and other taxes

7,460

5,278

VAT

45,021

52,295

Directors' current accounts

1,624,246

1,624,246

Accruals and deferred income

5,700

5,200

1,893,773

1,911,848

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

5,554

5,091

Between one and five years

1,389

6,364

6,943

11,455

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1.00

100

100

12.

RESERVES

Fair

Retained

Revaluation

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1st January 2024

4,072,118

347,703

-

4,419,821

Profit for the year

592,733

592,733

Dividends

(78,500

)

(78,500

)

Realisation of fair value in respect of investments sold in the year

-

-

(48,880

)

(48,880

)

Transfer in respect of unrealised gains/(losses) on investments

(120,190

)

-

120,190

-

Transfer of reserves

-

(347,703

)

347,703

-

Deferred tax movement

(2,628

)

-

2,628

-

At 31st December 2024

4,463,533

-

421,641

4,885,174