REGISTERED NUMBER: 01945068 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SYMON BUILDERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B G Melvin

Mr J M Melvin

Mr N A Melvin

Mr I B Melvin

Miss L J Melvin

SECRETARY:

Mr B G Melvin

REGISTERED OFFICE:

Great Central Way

Rugby

Warwickshire

CV21 3XH

REGISTERED NUMBER:

01945068 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Tangible assets

4

84,755

73,525

Investment property

5

1,422,655

1,311,655

1,507,410

1,385,180

CURRENT ASSETS

Stocks

6

132,000

-

Debtors

7

413,430

917,197

Cash at bank

88,530

484,049

633,960

1,401,246

CREDITORS

Amounts falling due within one year

8

786,425

1,308,467

NET CURRENT (LIABILITIES)/ASSETS

(152,465

)

92,779

TOTAL ASSETS LESS CURRENT LIABILITIES

1,354,945

1,477,959

PROVISIONS FOR LIABILITIES

89,589

86,781

NET ASSETS

1,265,356

1,391,178

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,265,256

1,391,078

SHAREHOLDERS' FUNDS

1,265,356

1,391,178

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr N A Melvin - Director

1.	STATUTORY INFORMATION

Symon Builders 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 as modified by the revaluation of certain assets.

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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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. 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 11 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

154,284

217,510

3,415

375,209

Additions

-

32,870

149

33,019

At 31 December 2024

154,284

250,380

3,564

408,228

DEPRECIATION

At 1 January 2024

142,506

155,763

3,415

301,684

Charge for year

2,355

19,385

49

21,789

At 31 December 2024

144,861

175,148

3,464

323,473

NET BOOK VALUE

At 31 December 2024

9,423

75,232

100

84,755

At 31 December 2023

11,778

61,747

-

73,525

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,311,655

Additions

111,000

At 31 December 2024

1,422,655

NET BOOK VALUE

At 31 December 2024

1,422,655

At 31 December 2023

1,311,655

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

360,000

Cost

1,062,655

1,422,655

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

880,122

880,122

Investment Property was valued on an open market basis on 31 December 2021 by the director .

6.

STOCKS

2024

2023

£

£

Work-in-progress

132,000

-

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

104,605

100,561

Amounts owed by group undertakings

7,822

7,822

Other debtors

119,418

552,029

231,845

660,412

2024

2023

£

£

Amounts falling due after more than one year:

Other debtors

181,585

256,785

Aggregate amounts

413,430

917,197

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

82,993

213,372

Amounts owed to group undertakings

388,155

922,566

Taxation and social security

97,039

145,917

Other creditors

218,238

26,612

786,425

1,308,467

9.	ULTIMATE PARENT COMPANY

The company is a subsidiary of and controlled by RMB (Rugby) Ltd who are incorporated and registered in England, company registration number 01496501