REGISTERED NUMBER: 06961781 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Redbourne Homes (Epworth) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J N E Breheny

S Aziz

SECRETARY:

S Aziz

REGISTERED OFFICE:

Flordon Road

Creeting St Mary

Ipswich

Suffolk

IP6 8NH

REGISTERED NUMBER:

06961781 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

CURRENT ASSETS

Stocks

2,525,875

1,164,209

Debtors

4

553,931

744,809

Cash at bank

124,565

179,718

3,204,371

2,088,736

CREDITORS

Amounts falling due within one year

5

3,790,182

3,020,437

NET CURRENT LIABILITIES

(585,811

)

(931,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(585,811

)

(931,701

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(585,911

)

(931,801

)

SHAREHOLDERS' FUNDS

(585,811

)

(931,701

)

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

1.	STATUTORY INFORMATION

Redbourne Homes (Epworth) 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.

The accounts are prepared on a going concern basis which assumes that Breheny Group Limited will continue to support the company. If this support were not to continue then this basis may not be appropriate. As at 31 March 2025 the companies liabilities exceeded its assets by £585,811 (2024: £931,701).

Should the company not be able to continue trading, adjustments to the value of assets would be needed to provide for any further liabilities which might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

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

Stocks

Stocks and Work in Progress are valued at the lower of cost and net realisable value.

Contract Work in Progress, in respect of short term contracts (less than one year), has been valued at the lower of cost including the appropriate production overheads and net realisable value plus a proportion of profit where the contract is material to the result in the year. Long term contracts (more than one year) have been valued on the same basis.

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

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 1 (2024 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

516,820

708,577

Other debtors

37,111

36,232

553,931

744,809

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,103,327

1,062,399

Taxation and social security

3,049

2,352

Other creditors

2,683,806

1,955,686

3,790,182

3,020,437

6.	SECURED DEBTS

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.

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 April 2024

(931,801

)

Profit for the year

345,890

At 31 March 2025

(585,911

)

9.	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

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J N E Breheny, a director, by virtue of his share holdings in the company.

The ultimate parent entity is Redbourne Homes Limited. The company's registered office is as follows:

Flordon Road

Creeting St Mary

Needham Market

Suffolk

IP6 8NH