REGISTERED NUMBER: 12803604 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

CAVANAGH COMMERCIAL HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

10

Consolidated Statement of Comprehensive Income

14

Consolidated Statement of Financial Position

15

Company Statement of Financial Position

16

Consolidated Statement of Changes in Equity

17

Company Statement of Changes in Equity

18

Consolidated Statement of Cash Flows

19

Notes to the Consolidated Financial Statements

20

DIRECTORS:

T R Cavanagh

L J Cavanagh

REGISTERED OFFICE:

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

REGISTERED NUMBER:

12803604 (England and Wales)

SENIOR STATUTORY AUDITOR:

Christopher Bond

AUDITORS:

SBCA Statutory Auditor

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

BACKGROUND

The group is a privately owned CAT1 roofing and contracting business, carrying out works throughout the whole of the UK. We have grown to be one of the largest and most respected envelope contractors servicing the entire of the United Kingdom via strategic regional offices down the spine of the country. We have developed our reputation over the years based on the ethos of being recognised as providing the highest quality roofing and cladding services delivered by trained, formally qualified professionals and as such our customer base has grown in both size and stature.

The group's strength lies in the following:

o Its' longevity.

o Its' collaborative approach to projects

o Its' outstanding technical support

o Its' ability to continually adapt.

o Its' ability to gain and retain client partnerships through fair negotiations and quality of supply.

o Its' people - highly trained, supported and motivated.

The group is committed to being a market leader in the roofing and cladding industry - we have made it our mission to provide and deliver, reliable, quality services through a well trained and qualified workforce at every level.

We believe that the quality of our business is dependent upon the quality of our people. We treat both customers and employees with respect, fostering high standards of integrity, honesty, and professionalism at all times.

The group holds the ISO 9001,14001,14064-1 and 45001 accreditations, and many other sector standards such as Safe Contractor, SMAS Worksafe, Achilles, CHAS, Exor, and we were the first group in the north west to be accredited in the CITB pilot scheme for BeFair.

REVIEW OF BUSINESS

The group delivered another strong year of trading, reporting a profit before tax of £1,308k (2024: £961k). This continued growth reflects the success of our strategy to manage risk more effectively, particularly through selective bidding and avoiding fixed-price contracts without appropriate inflation protection.

Despite the impact of a £402k bad debt arising from the collapse of ISG Construction, the business has remained resilient and profitable.

The balance sheet has strengthened further to £6.0m (2024: £5.5m), supported by healthy cash reserves and disciplined financial management.

Our forward order book remains robust, with a high success rate in the infrastructure and public sector markets, providing a solid foundation for the year ahead.

PRINCIPAL RISKS AND UNCERTAINTIES

The following specific risks identified in our industry:

o Client or supply chain failure

o Volatility of raw material prices for fixed price contracts

o Low margin work where risk is disproportionate to potential returns

o Greater incidence of litigation and contractual disputes.

Internal processes are in place for assessing and managing the exposure to the above, and this has seen a move to working with a number of large, well established main contractors, as well as our continued work with local authorities.

Bidding risk

The group tenders selectively for contracts each year, with a thorough process for estimating and identifying risks associated with each contract before any formal tender is submitted. Further detailed reviews are undertaken by the board with the estimating division pre contract prior to us sanctioning permission to proceed.

Delivery risk

The delivery of contracts is controlled and managed through the Board and the team of contract managers and quantity surveyors. The group has monthly reviews on the progress of each contract, with items such as health and safety performance, issues affecting delivery and any consequential impact on costs to completion. This approach is underpinned by management's desire to identify any operational and commercial issues in good time so as to ensure appropriate actions can be taken to address them in the most effective way.

Changing government policies

With a number of large contracts being won from local authority work, the risk and uncertainty to our business, and that of many others, from changes in government spending policy cannot be ignored. Our increase in turnover has mainly being due to a much higher percentage being won from the private sector, therefore bringing this risk to an acceptable level.

Financial risk

Financial risks include liquidity/cashflow risk and credit risk. The group has being managing these risks by retaining profits to build our financial strength. The board regularly reviews the financial requirements of the group and we do not use complex financial instruments.

Volatility of raw material prices for fixed price contracts

As described above, we now have a policy of only entering into fixed priced contracts if there are fluctuation clauses for specific materials included coupled with inflationary increase should the project construction periods prolong outside of the agreed contract durations.

SECTION 172(1) STATEMENT

The directors of Cavanagh Commercial Holdings Limited consider that they have acted in a way they consider, in good faith, would be most likely to promote the success of the company for the benefit of its members a a whole (having regard to the stakeholders and matters set out in S172(1) (a) - (f) of the Companies Act 2006) in the decisions take during the year ended 31 March 2025:

1. Our plan was designed to have a long term beneficial impact on the company and to contribute to its success in delivering a high quality of service across all areas of our business.

2. Our team members are fundamental to the delivery of our plan. We aim to be a responsible employer in our approach to the pay and benefits our team members receive. The health, safety and well being of our team members is one of our primary considerations in the way we do business.

3. Engagement with suppliers and customers is key to our success. We meet with our major manufacturing partners regularly throughout the year and take appropriate action, where necessary, to prevent involvement in modern slavery, corruption, bribery and breaches of competition law.

4. Our plan takes into account the impact of the company operations on the community, environment and our wider social responsibilities, in particular, how we comply with environmental legislation, pursue waste saving opportunities and react promptly to local community concerns.

5. Our intention is to behave responsibly and ensure that management operate the business in a responsible manner. Operating within the high standards of business conduct and good governance expected for a business such as ours and in doing so, will contribute to the delivery of our plan. The intention is to nurture our reputation, through both the construction and delivery of our plan, that reflects our responsible behavior.

EXPECTED FUTURE DEVELOPMENTS

The Board remains optimistic about the year ahead, supported by a solid pipeline of secured and targeted work across our core markets, including education, healthcare, and public sector refurbishment. While wider economic conditions remain mixed, recent stability in material costs and easing financing pressures are providing a more predictable trading environment.

Demand for large-scale roofing and cladding projects continues to strengthen, particularly within infrastructure, public estate remediation, and energy-efficient refurbishments.

The group will continue to focus on delivering fewer, larger projects with strong design, compliance, and quality control to protect margins and support sustainable growth.

Opportunities linked to building safety and energy performance are also expected to generate new project streams, and the Board anticipates another year of steady progress and positive financial performance.

KEY PERFORMANCE INDICATORS

The group implements a number of key performance indicators which are reviewed on a regular basis. These are listed below:

o Monthly management accounts, including profit and loss and balance sheet, with supporting commentary on significant variances over budget and prior period comparatives.

o Monthly contracts meeting with contract managers to review progress, together with reasons for any slippage, health and safety issues, and a review of any financial consequences which these may have.

o Contract reviews to highlight matters which require proactive solutions and Board involvement to mitigate risk.

o "Live" cashflow projections, which are updated daily to reflect movement in the company's liquid resources.

A summary of the tracked key performance indicators are as follows:

2022 (18m)

2024 (12m)

2025 (12m)

Forecast

Turnover

£79.5m

£59.6m

£55.1m

£60.5m

Gross Profit %

13%

18%

20%

20%

Net Profit / (Loss) before tax

(£2.2m)

£1.0m

£1.3m

£1.5m

Reserves

£5.1m

£5.5m

£6.0m

£6.6m

The Board are confident they can deliver the forecast results outlined above based on the current trading performance.

ON BEHALF OF THE BOARD:

T R Cavanagh - Director

10th October 2025

The directors present their report with the financial statements of the company and the group for the year ended 31st March 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31st March 2025 will be £125,000.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2024 to the date of this report.

T R Cavanagh

L J Cavanagh

STRATEGIC REPORT

The company has chosen in accordance with Companies Act 2006.s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch.7 to be considered in the directors' report.

DISABLE PERSONS

Applications for employment by disabled pensions are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the company continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

EMPLOYEE INVOLVEMENT

The group's policy is to consult and discuss with employees matters that are likely to affect employees' interest. Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS

Customers

Our customers key interest is the availability of a range of our roofing and cladding services. We engage with our customers through social media, website, regular satisfaction surveys and regular meetings to build long-term relationships and service and product updates. Engagement with our customers enables to understand our customers needs, empowers us to deliver relevant products whilst retaining existing customers and attracting new ones.

Employees

Our employees key interests are career progression, remuneration and benefits, training and development, employee interaction and well-being. We engage with our employees through a recognition and reward environment with regular training programmes and a bonus scheme alongside the completion of annual surveys. Engagement with our employees is fundamental in delivering the customer experience and the key to our business success.

Suppliers

Our suppliers key interests are our logistical efficiencies, cost efficiencies, maintenance of quality product supply and good working relationships. We engage with our suppliers with regular conversations built upon long term relationships and product updates. Engagement with our supply chain ensures that we are able to supply our customers with the services they desire whilst maintaining supply security as far as possible.

Government

The governments key interest in our company is the payment of correct tax at the correct times along with compliance of laws and regulations. We engage with the government via HMRC with the submission and payment of tax returns. Engagement with the government ensures that policies and regulation changes are adhered to.

STREAMLINED ENERGY AND CARBON REPORTING

As a large UK group operating in the construction industry, Cavanagh Commercial Holdings Limited is committed to transparency in reporting its environmental impact. In accordance with Financial Reporting Standard 102 (FRS 102), we present our first annual carbon emissions report covering the period from 1 April 2023 to 31 March 2024. This summary provides an overview of our greenhouse gas (GHG) emissions across all scopes.

Scope 1 (Direct Emissions): These are emissions from sources that are owned or controlled by the company, such as fuel combustion in company vehicles and equipment. Total Scope 1 emissions for the reporting period are 430.36 tonnes of CO2e (2024: 505.63 tonnes of CO2e).

Scope 2 (Indirect Emissions from Purchased Energy): These emissions result from the generation of purchased electricity, heat, or steam consumed by the company. Total Scope 2 emissions are 13.41 tonnes of CO2e (2024: 11.72 tonnes of CO2e).

Scope 3 (Other Indirect Emissions): This includes emissions that occur in the value chain, such as business travel, waste disposal, and supply chain activities. Total Scope 3 emissions are 5.62 tonnes of CO2e (2024: 7.03 tonnes of CO2e).

Methodology

The calculation of our GHG emissions has been conducted in line with the UK Government's Environmental Reporting Guidelines and industry best practices for the construction sector. Emission factors were sourced from the latest data published by the Department for Business, Energy & Industrial Strategy (BEIS).

Environmental Commitment

Cavanagh Commercial Holdings Limited recognises the importance of environmental stewardship. We are dedicated to monitoring our carbon footprint and exploring opportunities to reduce emissions in future reporting periods.

Forward-Looking Statements

We acknowledge that understanding and managing our environmental impact is an ongoing process. Moving forward, we aim to develop strategies and initiatives that contribute to sustainability and environmental responsibility within the construction industry.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditor, SBCA Statutory Auditor, is deemed reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

T R Cavanagh - Director

10th October 2025

Opinion

We have audited the financial statements of Cavanagh Commercial Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st March 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31st March 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page eight, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the group and sector, we identified that the principal risks of non-compliance with laws and regulations related to, but were not limited to, the Companies Act 2006, UK tax, employment, pension and health and safety legislation and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to management bias in accounting estimates and judgements and fraudulent income recognition.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct impact on the financial statements;

- enquiring of management about actual and potential litigation and claims, their policies and procedures to prevent and detect fraud as well as whether they have knowledge of any actual, suspected or alleged fraud;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtaining an understanding of provisions and holding discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risk of fraud through management override of controls: testing the appropriateness of journal entries; assessing whether the accounting estimates, judgements and decisions made by management are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Bond (Senior Statutory Auditor)

for and on behalf of SBCA Statutory Auditor

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

10th October 2025

TURNOVER

4

55,066,359

59,608,594

Cost of sales

(44,176,300

)

(48,591,581

)

GROSS PROFIT

10,890,059

11,017,013

Distribution costs

(22,827

)

(115,871

)

Administrative expenses

(10,394,305

)

(9,941,649

)

472,927

959,493

Other operating income

2,231,965

182,082

2,704,892

1,141,575

Exceptional Item

6

(1,276,703

)

-

1,428,189

1,141,575

Interest receivable and similar income

44,502

47,643

1,472,691

1,189,218

Interest payable and similar expenses

7

(164,399

)

(227,790

)

PROFIT BEFORE TAXATION

8

1,308,292

961,428

Tax on profit

9

(717,325

)

(417,789

)

PROFIT FOR THE FINANCIAL YEAR

590,967

543,639

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

590,967

543,639

Profit attributable to:

Owners of the parent

590,967

543,639

Total comprehensive income attributable to:

Owners of the parent

590,967

543,639

FIXED ASSETS

Intangible assets

12

73,894

168,049

Tangible assets

13

939,247

1,001,991

Investments

14

-

-

1,013,141

1,170,040

CURRENT ASSETS

Stocks

15

705,470

811,030

Debtors

16

20,239,246

22,856,034

Cash at bank

2,992,945

544,214

23,937,661

24,211,278

CREDITORS

Amounts falling due within one year

17

(13,467,645

)

(14,028,389

)

NET CURRENT ASSETS

10,470,016

10,182,889

TOTAL ASSETS LESS CURRENT LIABILITIES

11,483,157

11,352,929

CREDITORS

Amounts falling due after more than one year

18

(5,446,602

)

(5,808,491

)

PROVISIONS FOR LIABILITIES

21

(79,749

)

(53,599

)

NET ASSETS

5,956,806

5,490,839

CAPITAL AND RESERVES

Called up share capital

22

650

650

Capital redemption reserve

23

350

350

Retained earnings

23

5,955,806

5,489,839

SHAREHOLDERS' FUNDS

5,956,806

5,490,839

The financial statements were approved by the Board of Directors and authorised for issue on 10th October 2025 and were signed on its behalf by:

T R Cavanagh - Director

L J Cavanagh - Director

FIXED ASSETS

Intangible assets

12

-

-

Tangible assets

13

-

-

Investments

14

9,367,843

9,367,843

9,367,843

9,367,843

CURRENT ASSETS

Debtors

16

1,709,140

1,278,757

Cash at bank

195

-

1,709,335

1,278,757

CREDITORS

Amounts falling due within one year

17

(457,817

)

(341,994

)

NET CURRENT ASSETS

1,251,518

936,763

TOTAL ASSETS LESS CURRENT LIABILITIES

10,619,361

10,304,606

CAPITAL AND RESERVES

Called up share capital

22

650

650

Merger reserve

23

9,366,543

9,366,543

Other reserves

23

650

650

Retained earnings

23

1,251,518

936,763

SHAREHOLDERS' FUNDS

10,619,361

10,304,606

Company's profit for the financial year

439,755

351,380

The financial statements were approved by the Board of Directors and authorised for issue on 10th October 2025 and were signed on its behalf by:

T R Cavanagh - Director

L J Cavanagh - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1st April 2023

650

5,071,200

350

5,072,200

Changes in equity

Dividends

-

(125,000

)

-

(125,000

)

Total comprehensive income

-

543,639

-

543,639

Balance at 31st March 2024

650

5,489,839

350

5,490,839

Changes in equity

Dividends

-

(125,000

)

-

(125,000

)

Total comprehensive income

-

590,967

-

590,967

Balance at 31st March 2025

650

5,955,806

350

5,956,806

Called up

share

Retained

Merger

Other

Total

capital

earnings

reserve

reserves

equity

£

£

£

£

£

Balance at 1st April 2023

650

710,383

9,366,543

650

10,078,226

Changes in equity

Dividends

-

(125,000

)

-

-

(125,000

)

Total comprehensive income

-

351,380

-

-

351,380

Balance at 31st March 2024

650

936,763

9,366,543

650

10,304,606

Changes in equity

Dividends

-

(125,000

)

-

-

(125,000

)

Total comprehensive income

-

439,755

-

-

439,755

Balance at 31st March 2025

650

1,251,518

9,366,543

650

10,619,361

Cash flows from operating activities

Cash generated from operations

27

3,616,668

(83,197

)

Interest paid

(131,485

)

(207,229

)

Interest element of hire purchase payments paid

(32,914

)

(20,564

)

Tax paid

26,323

161,370

Net cash from operating activities

3,478,592

(149,620

)

Cash flows from investing activities

Purchase of tangible fixed assets

(347,751

)

(185,513

)

Sale of tangible fixed assets

-

199,554

Interest received

44,502

47,643

Net cash from investing activities

(303,249

)

61,684

Cash flows from financing activities

Loan repayments in year

-

(105,000

)

HP capital repayments in year

(262,281

)

(138,483

)

Amount introduced by directors

125,000

125,000

Amount withdrawn by directors

(464,331

)

(386,137

)

Equity dividends paid

(125,000

)

(125,000

)

Net cash from financing activities

(726,612

)

(629,620

)

Increase/(decrease) in cash and cash equivalents

2,448,731

(717,556

)

Cash and cash equivalents at beginning of year

28

544,214

1,261,770

Cash and cash equivalents at end of year

28

2,992,945

544,214

1.	STATUTORY INFORMATION

Cavanagh Commercial Holdings 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The company is a qualifying entity for the purposes of FRS102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended give a true and fair view of assets, liabilities, financial position and profit and loss of the group. The company has therefore taken advantage of the exemptions from the following disclosure requirements:

- Section 4 'Statement of Financial Position' - Reconciliation of the opening and closing number of shares;

- Section 7 'Statement of Cash Flows' - Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' - Interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 33 'Related Party Disclosures': Compensation for key management personnel.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.