IRIS Accounts Production v25.3.0.601 10705236 Board of Directors 1.4.24 31.3.25 31.3.25 15.10.25 false true false false true false Auditors Opinion Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10705236 2024-03-31 10705236 2025-03-31 10705236 2024-04-01 2025-03-31 10705236 2023-03-31 10705236 2023-04-01 2024-03-31 10705236 2024-03-31 10705236 ns15:EnglandWales 2024-04-01 2025-03-31 10705236 ns14:PoundSterling 2024-04-01 2025-03-31 10705236 ns10:Director1 2024-04-01 2025-03-31 10705236 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10705236 ns10:SmallEntities 2024-04-01 2025-03-31 10705236 ns10:Audited 2024-04-01 2025-03-31 10705236 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 10705236 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10705236 ns10:FullAccounts 2024-04-01 2025-03-31 10705236 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 10705236 ns10:OrdinaryShareClass2 2024-04-01 2025-03-31 10705236 ns10:OrdinaryShareClass3 2024-04-01 2025-03-31 10705236 ns10:Director2 2024-04-01 2025-03-31 10705236 ns10:Director3 2024-04-01 2025-03-31 10705236 ns10:CompanySecretary1 2024-04-01 2025-03-31 10705236 ns10:RegisteredOffice 2024-04-01 2025-03-31 10705236 ns5:CurrentFinancialInstruments 2025-03-31 10705236 ns5:CurrentFinancialInstruments 2024-03-31 10705236 ns5:Non-currentFinancialInstruments 2025-03-31 10705236 ns5:Non-currentFinancialInstruments 2024-03-31 10705236 ns5:ShareCapital 2025-03-31 10705236 ns5:ShareCapital 2024-03-31 10705236 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 10705236 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 10705236 ns5:PlantMachinery 2024-04-01 2025-03-31 10705236 ns5:PlantMachinery 2024-03-31 10705236 ns5:PlantMachinery 2025-03-31 10705236 ns5:PlantMachinery 2024-03-31 10705236 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-03-31 10705236 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 10705236 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2025-03-31 10705236 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-03-31 10705236 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 10705236 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 10705236 ns10:OrdinaryShareClass1 2025-03-31 10705236 ns10:OrdinaryShareClass2 2025-03-31 10705236 ns10:OrdinaryShareClass3 2025-03-31

REGISTERED NUMBER: 10705236 (England and Wales)

| Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Terrasite Limited |

| Terrasite Limited (Registered number: 10705236) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Terrasite Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | J N E Breheny

| R Daff

| S Aziz

| SECRETARY: | S Aziz

| REGISTERED OFFICE: | Flordon Road

| Creeting St Mary

| Ipswich

| Suffolk

| IP6 8NH

| REGISTERED NUMBER: | 10705236 (England and Wales)

| AUDITORS: | Wright Vigar Limited

| Statutory Auditors

| Chartered Accountants & Business Advisers

| 15 Newland

| Lincoln

| Lincolnshire

| LN1 1XG

| Terrasite Limited (Registered number: 10705236) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,177,298 |  | 1,261,219 |  |

CURRENT ASSETS

Debtors | 5 | 2,571,029 |  | 3,140,445 |  |

Cash at bank | 884,590 |  | 687,704 |  |

3,455,619 |  | 3,828,149 |  |

CREDITORS

Amounts falling due within one year | 6 | 3,199,200 |  | 3,643,981 |  |

NET CURRENT ASSETS | 256,419 |  | 184,168 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,433,717 |  | 1,445,387 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (13,684 | ) | (113,700 | ) |

PROVISIONS FOR LIABILITIES | (293,915 | ) | (314,425 | ) |

NET ASSETS | 1,126,118 |  | 1,017,262 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 1,126,018 |  | 1,017,162 |  |

SHAREHOLDERS' FUNDS | 1,126,118 |  | 1,017,262 |  |

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 15 October 2025 and were signed on its behalf by:

J N E Breheny - Director

| Terrasite Limited (Registered number: 10705236) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Terrasite 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.

| Related party exemption

| 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.

| Turnover

| Turnover comprises the value of contracting work executed during the year. The value of contracting work is based on measured valuations, incorporating profit earned to the valuation date and adjusted for any anticipated losses.

| The amount by which recorded turnover on uncompleted contracts is in excess of payments on account is classified as amounts recoverable on contracts and separately disclosed in debtors.

| The amount by which payments on account on uncompleted contracts is in excess of recorded turnover is classified as long term contract payments on account and separately disclosed in creditors.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 25% on reducing balance

| 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 banks and other third parties, loans to related parties and investments in ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

| 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.

| Terrasite Limited (Registered number: 10705236) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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 35 (2024 - 32 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 April 2024 | 1,871,659 |  |

| Additions | 308,870 |  |

| Disposals | (152,363 | ) |

| At 31 March 2025 | 2,028,166 |  |

| DEPRECIATION

| At 1 April 2024 | 610,440 |  |

| Charge for year | 316,827 |  |

| Eliminated on disposal | (76,399 | ) |

| At 31 March 2025 | 850,868 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,177,298 |  |

| At 31 March 2024 | 1,261,219 |  |

| Terrasite Limited (Registered number: 10705236) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 419,308 |  |

| Disposals | (19,776 | ) |

| At 31 March 2025 | 399,532 |  |

| DEPRECIATION

| At 1 April 2024 | 165,900 |  |

| Charge for year | 75,403 |  |

| Eliminated on disposal | (11,231 | ) |

| At 31 March 2025 | 230,072 |  |

| NET BOOK VALUE

| At 31 March 2025 | 169,460 |  |

| At 31 March 2024 | 253,408 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 928,386 |  | 1,267,469 |  |

| Amounts owed by group undertakings | 180 |  | 180 |  |

| Amounts recoverable on contracts | 349,837 |  | 290,716 |  |

| Retentions | 1,053,643 |  | 1,309,871 |  |

| Other debtors | 238,983 |  | 272,209 |  |

2,571,029 |  | 3,140,445 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 100,016 |  | 106,269 |  |

| Provisions for future costs | 127,030 |  | 305,493 |  |

| Trade creditors | 960,532 |  | 896,185 |  |

| Amounts owed to group undertakings | 1,806,532 |  | 1,981,395 |  |

| Taxation and social security | 90,531 |  | 120,991 |  |

| Other creditors | 114,559 |  | 233,648 |  |

3,199,200 |  | 3,643,981 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 13,684 |  | 113,700 |  |

| Terrasite Limited (Registered number: 10705236) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 113,700 |  | 219,969 |  |

| The debts are secured over the assets concerned.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 75 | Ordinary | £1 | 75 |  | 76 |  |

| 15 | B Ordinary | £1 | 15 |  | 15 |  |

| 10 | C Ordinary | £1 | 10 |  | 9 |  |

100 |  | 100 |  |

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

| The Report of the Auditors was unqualified.

| Kevin Shaw Bsc FCA (Senior Statutory Auditor)

| for and on behalf of Wright Vigar Limited

11. | CAPITAL COMMITMENTS

2025 | 2024 |

£ | £ |

| Contracted but not provided for in the

| financial statements | 63,163 |  | - |  |

12. | OTHER FINANCIAL COMMITMENTS

| The company is party to an intercompany guarantee agreement, with an unlimited guarantee given by Breheny Group Limited, all subsidiaries within the Breheny Group, and by Breheny Group Plant Limited, Redbourne Homes (Epworth) Limited and Redbourne Homes (Warboys) Limited. This is supported by debentures by Breheny Group Limited, by all subsidiaries within the Breheny Group, and by Breheny Group Plant Limited, Redbourne Homes (Epworth) Limited and Redbourne Homes (Warboys) Limited.

13. | ULTIMATE CONTROLLING PARTY

| The Parent Company is Breheny Group Ltd. The company's registered office is as follows:

| Flordon Road

| Creeting St Mary

| Needham Market

| Ipswich

| Suffolk

| IP6 8NH