Markden Homes Construction Limited 13846541 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true false 13846541 2024-04-01 2025-03-31 13846541 2025-03-31 13846541 core:RetainedEarningsAccumulatedLosses 2025-03-31 13846541 core:ShareCapital 2025-03-31 13846541 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-03-31 13846541 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-03-31 13846541 core:CurrentFinancialInstruments 2025-03-31 13846541 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13846541 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 13846541 core:FurnitureFittings 2025-03-31 13846541 core:OtherPropertyPlantEquipment 2025-03-31 13846541 bus:SmallEntities 2024-04-01 2025-03-31 13846541 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13846541 bus:FilletedAccounts 2024-04-01 2025-03-31 13846541 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13846541 bus:RegisteredOffice 2024-04-01 2025-03-31 13846541 bus:Director3 2024-04-01 2025-03-31 13846541 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13846541 core:FurnitureFittings 2024-04-01 2025-03-31 13846541 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 13846541 core:PlantMachinery 2024-04-01 2025-03-31 13846541 1 2024-04-01 2025-03-31 13846541 countries:EnglandWales 2024-04-01 2025-03-31 13846541 2024-03-31 13846541 core:FurnitureFittings 2024-03-31 13846541 core:OtherPropertyPlantEquipment 2024-03-31 13846541 2023-04-01 2024-03-31 13846541 2024-03-31 13846541 core:RetainedEarningsAccumulatedLosses 2024-03-31 13846541 core:ShareCapital 2024-03-31 13846541 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 13846541 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 13846541 core:CurrentFinancialInstruments 2024-03-31 13846541 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13846541 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 13846541 core:FurnitureFittings 2024-03-31 13846541 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 13846541

Markden Homes Construction Limited
Unaudited Financial Statements
for the Year Ended 31 March 2025

Markden Homes Construction Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Markden Homes Construction Limited

(Registration number: 13846541)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 97,768 | 124,120
Current assets |  |  |
Stocks | 5 | 163,402 | -
Debtors | 6 | 2,841,349 | 1,120,853
Cash at bank and in hand |  | 1,820 | 3,654
|  | 3,006,571 | 1,124,507
Creditors: Amounts falling due within one year | 7 | (477,948) | (133,627)
Net current assets |  | 2,528,623 | 990,880
Total assets less current liabilities |  | 2,626,391 | 1,115,000
Creditors: Amounts falling due after more than one year | 7 | (2,475,797) | (1,006,357)
Provisions for liabilities |  | (24,442) | (31,030)
Net assets |  | 126,152 | 77,613
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 126,151 | 77,612
Shareholders' funds |  | 126,152 | 77,613

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 October 2025 and signed on its behalf by:

Markden Homes Construction Limited

(Registration number: 13846541)
Balance Sheet as at 31 March 2025

......................................... Mr M D Ellis Director

Markden Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
M5 4ZG
UK

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Markden Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets less estimated residual value, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & Fittings | Various rates
Plant & machinery | 25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Markden Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 6).

Markden Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 April 2024 | 49,765 | 93,041 | 142,806
Additions | 4,355 | - | 4,355
At 31 March 2025 | 54,120 | 93,041 | 147,161
Depreciation
At 1 April 2024 | 9,135 | 9,551 | 18,686
Charge for the year | 9,833 | 20,874 | 30,707
At 31 March 2025 | 18,968 | 30,425 | 49,393
Carrying amount
At 31 March 2025 | 35,152 | 62,616 | 97,768
At 31 March 2024 | 40,630 | 83,490 | 124,120

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 163,402 | -

6 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 3,412 | 1,080
Other debtors | 2,837,937 | 1,119,773
| 2,841,349 | 1,120,853

Markden Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 17,217 | 17,256
Trade creditors |  | 38,412 | 6,109
Owed to group undertakings |  | - | 160
Taxation and social security |  | 17,850 | 9,720
Accruals and deferred income |  | 402,469 | 95,637
Other creditors |  | 2,000 | 4,745
|  | 477,948 | 133,627

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 35,526 | 52,743
Owed to group undertakings |  | 2,440,271 | 953,614
|  | 2,475,797 | 1,006,357

Included in loans and borrowings is £52,743 (2024: £69,999) of hire purchase loans which are secured against the assets to which they relate.

Markden Homes Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 35,526 | 52,743

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 17,217 | 17,256

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £1,200).

10 | Parent and ultimate parent undertaking

The immediate parent company is Markden Homes Limited. The share capital of Markden Homes Limited is owned equally by Salboy Partnerships Limited and Markden Limited. There is no ultimate controlling party.
Salboy Partnerships is a company incorporated in England and Wales, company number 13626842, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.
Markden Limited is a company incorporated in England and Wales, company number 05200192, registered office Helliwell Handscomb, 15 Littlethorpe Hill, Hartshead, Liversedge, West Yorkshire, WF15 8AZ.