REGISTERED NUMBER: 13858031 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLUBB CONCRETE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R M P P Reef

L S Dale

REGISTERED OFFICE:

C5 Premier Business Centre

Newgate Lane

Fareham

Hampshire

PO14 1TY

REGISTERED NUMBER:

13858031 (England and Wales)

AUDITORS:

TC Group

Suite 4

2nd Floor

New Kings Court

Eastleigh

SO53 3LG

FIXED ASSETS

Tangible assets

4

291,074

272,200

CURRENT ASSETS

Stocks

5

85,460

78,634

Debtors

6

451,879

120,683

Cash at bank

21,652

11,694

558,991

211,011

CREDITORS

Amounts falling due within one year

7

1,994,151

871,804

NET CURRENT LIABILITIES

(1,435,160

)

(660,793

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,144,086

)

(388,593

)

PROVISIONS FOR LIABILITIES

8

63,691

59,590

NET LIABILITIES

(1,207,777

)

(448,183

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

(1,207,778

)

(448,184

)

SHAREHOLDERS' FUNDS

(1,207,777

)

(448,183

)

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 30 September 2025 and were signed on its behalf by:

R M P P Reef - Director

1.	STATUTORY INFORMATION

Clubb Concrete 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.

The principal activity of the company is the production of ready mixed concrete.

The principal place of business is:

Church Hill

Wilmington

Dartford

DA2 7DZ.

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.

The Company's functional and presentational currency is GBP rounded to the nearest pound.

Going concern

The entity is dependent on ongoing financial support of its group, to which the group has committed. The group has in place funding to finance short term working capital and growth.

The directors consider the likelihood of failing to access sufficient funds to be remote and therefore consider the use of the going concern basis of preparation of the financial statements to be appropriate

As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised on dispatch which is when all of the following conditions are considered to be satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets under the cost model are initially stated at cost and subsequently carried at cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor Vehicles

20% on Cost

Plant and Machinery

20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the statement of income and retained earnings

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use

Stocks

Stocks are measured at the lower of cost and net realisable value. Cost is determined using the first in first out method. The carrying value of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loan's to related parties and investments in ordinary shares.

Short term debtors and creditors are measured at the transaction price. Other financial instruments, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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 9 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

-

280,323

280,323

Additions

3,300

116,939

120,239

Disposals

-

(36,000

)

(36,000

)

At 31 December 2024

3,300

361,262

364,562

DEPRECIATION

At 1 January 2024

-

8,123

8,123

Charge for year

275

72,890

73,165

Eliminated on disposal

-

(7,800

)

(7,800

)

At 31 December 2024

275

73,213

73,488

NET BOOK VALUE

At 31 December 2024

3,025

288,049

291,074

At 31 December 2023

-

272,200

272,200

5.

STOCKS

2024

2023

as restated

£

£

Finished goods

85,460

78,634

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

405,448

89,021

Amounts owed by group undertakings

2,302

1

Other debtors

-

700

VAT

20,606

26,503

Prepayments and accrued income

23,523

4,458

451,879

120,683

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade creditors

101,449

1,169

Amounts owed to group undertakings

1,867,251

852,798

Social security and other taxes

9,585

8,187

Accrued expenses

15,866

9,650

1,994,151

871,804

8.	PROVISIONS FOR LIABILITIES

2024

2023

as restated

£

£

Deferred tax

63,691

59,590

Deferred

tax

£

Balance at 1 January 2024

59,590

Charge to Income Statement during year

4,101

Balance at 31 December 2024

63,691

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

1

Ordinary

£1

1

1

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Gillespie FCCA (Senior Statutory Auditor)

for and on behalf of TC Group

11.	RELATED PARTY DISCLOSURES

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.

12.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Agar Dry Mortar Holding Limited.

Remix International BV is the ultimate parent company which is incorporated in the Netherlands. The registered office of Remix International BV is Kanaalstraat 20, 7553 GP Hengelo, Netherlands. The company is controlled by Remix International BV. There is no ultimate controlling party.

The smallest and largest group in which the results of the company are consolidated is that headed by Agar Dry Mortar Holding Limited, incorporated in the United Kingdom. The consolidated accounts are available to the public and may be obtained from Companies House.

13.	PRIOR YEAR ADJUSTMENT

To better represent the nature of the expenses, some reclassifications have taken place between cost of sales and administration expenses. £96,696 has been reallocated from admin expenses to cost of sales. There has been no impact on profit or net assets.

The deferred tax provision has been retrospectively adjusted to reflect the fixed asset timing differences that arose in the prior year following the company's decision to surrender all trade losses to the group. This has increased the company's loss for the 2023 year and net liabilities in by £59,590. This has not impacted cash flows.