IRIS Accounts Production v25.1.4.42 03948225 Board of Directors 1.2.24 31.1.25 31.1.25 Medium entities true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03948225 2024-01-31 03948225 2025-01-31 03948225 2024-02-01 2025-01-31 03948225 2023-01-31 03948225 2023-02-01 2024-01-31 03948225 2024-01-31 03948225 ns15:EnglandWales 2024-02-01 2025-01-31 03948225 ns14:PoundSterling 2024-02-01 2025-01-31 03948225 ns10:Director1 2024-02-01 2025-01-31 03948225 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03948225 ns10:MediumEntities 2024-02-01 2025-01-31 03948225 ns10:Audited 2024-02-01 2025-01-31 03948225 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 03948225 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-02-01 2025-01-31 03948225 ns10:FullAccounts 2024-02-01 2025-01-31 03948225 ns10:OrdinaryShareClass1 2024-02-01 2025-01-31 03948225 ns10:Director2 2024-02-01 2025-01-31 03948225 ns10:Director3 2024-02-01 2025-01-31 03948225 ns10:Director4 2024-02-01 2025-01-31 03948225 ns10:Director5 2024-02-01 2025-01-31 03948225 ns10:Director6 2024-02-01 2025-01-31 03948225 ns10:RegisteredOffice 2024-02-01 2025-01-31 03948225 ns5:CurrentFinancialInstruments 2025-01-31 03948225 ns5:CurrentFinancialInstruments 2024-01-31 03948225 ns5:Non-currentFinancialInstruments 2025-01-31 03948225 ns5:Non-currentFinancialInstruments 2024-01-31 03948225 ns5:ShareCapital 2025-01-31 03948225 ns5:ShareCapital 2024-01-31 03948225 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 03948225 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 03948225 ns5:ShareCapital 2023-01-31 03948225 ns5:RetainedEarningsAccumulatedLosses 2023-01-31 03948225 ns5:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 03948225 ns5:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 03948225 1 2024-02-01 2025-01-31 03948225 1 2023-02-01 2024-01-31 03948225 ns5:PlantMachinery 2024-02-01 2025-01-31 03948225 ns5:FurnitureFittings 2024-02-01 2025-01-31 03948225 ns15:UnitedKingdom 2024-02-01 2025-01-31 03948225 ns15:UnitedKingdom 2023-02-01 2024-01-31 03948225 ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount 2024-02-01 2025-01-31 03948225 ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount 2023-02-01 2024-01-31 03948225 ns10:HighestPaidDirector 2024-02-01 2025-01-31 03948225 ns10:HighestPaidDirector 2023-02-01 2024-01-31 03948225 ns5:OwnedAssets 2024-02-01 2025-01-31 03948225 ns5:OwnedAssets 2023-02-01 2024-01-31 03948225 ns5:LeasedAssets 2024-02-01 2025-01-31 03948225 ns5:LeasedAssets 2023-02-01 2024-01-31 03948225 ns5:HirePurchaseContracts 2024-02-01 2025-01-31 03948225 ns5:HirePurchaseContracts 2023-02-01 2024-01-31 03948225 ns5:PlantMachinery 2024-01-31 03948225 ns5:FurnitureFittings 2024-01-31 03948225 ns5:PlantMachinery 2025-01-31 03948225 ns5:FurnitureFittings 2025-01-31 03948225 ns5:PlantMachinery 2024-01-31 03948225 ns5:FurnitureFittings 2024-01-31 03948225 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-01-31 03948225 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 03948225 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2025-01-31 03948225 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-01-31 03948225 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 03948225 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31 03948225 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-01-31 03948225 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-01-31 03948225 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-01-31 03948225 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-01-31 03948225 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-01-31 03948225 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-01-31 03948225 ns5:HirePurchaseContracts 2025-01-31 03948225 ns5:HirePurchaseContracts 2024-01-31 03948225 ns5:DeferredTaxation 2024-01-31 03948225 ns5:DeferredTaxation 2024-02-01 2025-01-31 03948225 ns5:DeferredTaxation 2025-01-31 03948225 ns10:OrdinaryShareClass1 2025-01-31 03948225 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 03948225 1 ns10:Director1 2024-01-31 03948225 1 ns10:Director1 2023-01-31 03948225 1 ns10:Director1 2024-02-01 2025-01-31 03948225 1 ns10:Director1 2023-02-01 2024-01-31 03948225 1 ns10:Director1 2025-01-31 03948225 1 ns10:Director1 2024-01-31 03948225 ns5:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties 2024-02-01 2025-01-31 03948225 ns5:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties 2023-02-01 2024-01-31 03948225 ns5:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties 2025-01-31 03948225 ns5:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties 2024-01-31 03948225 ns5:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-02-01 2025-01-31 03948225 ns5:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-02-01 2024-01-31 03948225 ns5:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-01-31 03948225 ns5:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-31 03948225 ns5:OtherRelatedParties 2024-02-01 2025-01-31 03948225 ns5:OtherRelatedParties 2025-01-31 03948225 ns5:OtherRelatedParties 2024-01-31

REGISTERED NUMBER: 03948225 (England and Wales)

| Strategic Report, Report of the Directors and |

| Audited Financial Statements |

| for the Year Ended 31 January 2025 |

| for |

| Cawarden Co. Limited |

| Cawarden Co. Limited (Registered number: 03948225) |

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Profit and Loss Account | 9 |

| Other Comprehensive Income | 10 |

| Balance Sheet | 11 |

| Statement of Changes in Equity | 12 |

| Cash Flow Statement | 13 |

| Notes to the Cash Flow Statement | 14 |

| Notes to the Financial Statements | 15 |

| Cawarden Co. Limited |

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | W D Crooks

| M Lowes

| O W Crooks

| S M Crooks

| P J Williamson

| J C Groves

| REGISTERED OFFICE: | Hanover Court

| 5 Queen Street

| Lichfield

| Staffordshire

| WS13 6QD

| BUSINESS ADDRESS: | Scotland Farm

| Far Lane

| Ockbrook

| Derbyshire

| DE72 3RX

| REGISTERED NUMBER: | 03948225 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Susanna D Ault FCCA ACA

| AUDITORS: | Tomkinson Teal (Lichfield) LLP

| Hanover Court

| 5 Queen Street

| Lichfield

| Staffordshire

| WS13 6QD

| Cawarden Co. Limited (Registered number: 03948225) |

Strategic Report

for the Year Ended 31 January 2025

The directors present their strategic report for the year ended 31 January 2025.

REVIEW OF BUSINESS

Cawarden has continued to maintain revenue levels in both its Demolition and Civils teams increasing profit levels by 27% to £321,524 pre-tax. This was achieved in what has generally been a difficult year in the construction sector, particularly in Q1-Q3 due to the economic uncertainties arising from a change in government.

The company has also continued to develop strong relationships with blue chip Developers, Construction businesses as well as with Local Authorities. In addition, the company has continued to widen its presence geographically and now operates nationally within the United Kingdom

Quality, Adherence to Regulations, Management of Risk and operating a well-maintained Vehicle and Plant & Machinery fleet are key to the company's success and growth and the company continued to invest in these during the year to January 2025.

In the first five months of the current financial year revenues have grown in comparison to the previous year at £10.1m along with an increase in profitability. As with the year to January 2025, the company is continuing to develop its relationships with its customer base in both the private and public sector, as well as increasing investment in excess of the levels of investment in 2025. The directors consider this to be key, in order to sustain growth and continue building a robust business to meet the ongoing challenges in the construction sector.

The company currently operates from two sites and has now begun developing its Castle Donnington site, which includes new offices and a redevelopment of its maintenance area. This will enable the company to operate from a larger single developed site at Castle Donnington from Q1 of 2026. The directors expect this to provide efficiencies and costs savings both of an intangible and tangible nature.

PRINCIPAL RISKS AND UNCERTAINTIES

Key risks to the business identified are:

- Increases in both material and labour prices

- Increases in employment costs

- Environmental and Health & Safety Risks associated with demolition and ground works site including regulations in connection waste transfer and disposal

- Recruiting and retaining a good team across all its operations

- Uncertainties of economic nature, particularly those effecting the construction sector such as labour markets and interest rates

Cawarden continues to assess risk on an on-going basis as well as improve processes, systems and education of its team to better manage these risks and deal with the increased reporting necessary around business waste and consumption, particularly reporting to government departments. The company is continuing to increase investment in training to achieve goals and manage risks using both internal and external training.

| Cawarden Co. Limited (Registered number: 03948225) |

Strategic Report

for the Year Ended 31 January 2025

SECTION 172(1) STATEMENT

The Board of Directors confirm it has performed its duties in respect of section 172 of the Companies act 2006.

Specifically, the Board has considered long term factors that affect the Company its strategic directions

The Board has engaged with its stakeholders which assist the board in its decision-making process and in fulfilling its duty to promote the success of the Company as set out in Section 172

The Board has fulfilled their duties as follows

On an ongoing basis the board assess the major risks affecting the Company and develops appropriate responses to address those risks in an efficient and affective manor. This is taken into consideration when setting goals, budgets and forecasting financial performance. This ensures that the Company understands the financial impact of these risks and can respond to them on a timely basis

Employees are a key to Cawarden's success. The Company engages with employees on a regular basis. Supervisor, site manager and Director meetings are held to cover a range of topics such as Health & Safety, financial performance, Training and compliance. The company monitors staff turnover and performance to understand staff progression within the business.

The Company invests in the future of the business and has a successful mentoring plan to encourage young people into the Company

Cawarden aims to exceed its customers' expectations, we do this through communication and building strong business relationships with our clients. We further promote Cawarden closely with our suppliers and our local communities. We understand our responsibility with our community and work hard to show how important that relationship is to the Company

ON BEHALF OF THE BOARD:

W D Crooks - Director

18 October 2025

| Cawarden Co. Limited (Registered number: 03948225) |

Report of the Directors

for the Year Ended 31 January 2025

The directors present their report with the financial statements of the company for the year ended 31 January 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of demolition contractors and reclamation of used building materials.

DIVIDENDS

No dividends will be distributed for the year ended 31 January 2025.

DIRECTORS

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

W D Crooks

M Lowes

O W Crooks

S M Crooks

P J Williamson

J C Groves

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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;

- | 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company's auditors are aware of that information.

| Cawarden Co. Limited (Registered number: 03948225) |

Report of the Directors

for the Year Ended 31 January 2025

AUDITORS

The auditors, Tomkinson Teal (Lichfield) LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

W D Crooks - Director

18 October 2025

Report of the Independent Auditors to the Members of

Cawarden Co. Limited

Opinion

We have audited the financial statements of Cawarden Co. Limited (the 'company') for the year ended 31 January 2025 which comprise the Profit and Loss Account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 company's affairs as at 31 January 2025 and of its 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 company 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 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 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 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 Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Cawarden Co. Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

- | the 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 four, 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 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 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:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, through discussion with the director and other management. We discussed with the director and other management the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Report of the Independent Auditors to the Members of

Cawarden Co. Limited

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.

Susanna D Ault FCCA ACA (Senior Statutory Auditor)

for and on behalf of Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

18 October 2025

| Cawarden Co. Limited (Registered number: 03948225) |

Profit and Loss Account

for the Year Ended 31 January 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 4 | 21,262,433 |  | 26,804,403 |  |

Cost of sales | (19,912,989 | ) | (25,594,850 | ) |

GROSS PROFIT | 1,349,444 |  | 1,209,553 |  |

Administrative expenses | (1,082,707 | ) | (922,767 | ) |

266,737 |  | 286,786 |  |

Other operating income | 15,295 |  | 17,374 |  |

OPERATING PROFIT | 6 | 282,032 |  | 304,160 |  |

Interest payable and similar expenses | 7 | (35,068 | ) | (52,558 | ) |

PROFIT BEFORE TAXATION | 246,964 |  | 251,602 |  |

Tax on profit | 8 | (20,823 | ) | 3,624 |  |

PROFIT FOR THE FINANCIAL YEAR | 226,141 |  | 255,226 |  |

| Cawarden Co. Limited (Registered number: 03948225) |

Other Comprehensive Income

for the Year Ended 31 January 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 226,141 |  | 255,226 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 226,141 |  | 255,226 |  |

| Cawarden Co. Limited (Registered number: 03948225) |

Balance Sheet

31 January 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 594,368 |  | 284,990 |  |

CURRENT ASSETS

Stocks | 10 | 2,157,979 |  | 702,420 |  |

Debtors | 11 | 2,706,208 |  | 4,067,535 |  |

Cash at bank and in hand | 1,078,565 |  | 1,035,111 |  |

5,942,752 |  | 5,805,066 |  |

CREDITORS

Amounts falling due within one year | 12 | (4,131,704 | ) | (4,088,791 | ) |

NET CURRENT ASSETS | 1,811,048 |  | 1,716,275 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,405,416 |  | 2,001,265 |  |

CREDITORS

Amounts falling due after more than one year | 13 | (237,422 | ) | (55,000 | ) |

PROVISIONS FOR LIABILITIES | 17 | (66,836 | ) | (71,248 | ) |

NET ASSETS | 2,101,158 |  | 1,875,017 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 100 |  | 100 |  |

Retained earnings | 19 | 2,101,058 |  | 1,874,917 |  |

SHAREHOLDERS' FUNDS | 2,101,158 |  | 1,875,017 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2025 and were signed on its behalf by:

W D Crooks - Director

| Cawarden Co. Limited (Registered number: 03948225) |

Statement of Changes in Equity

for the Year Ended 31 January 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 February 2023 | 100 |  | 1,619,691 |  | 1,619,791 |  |

Changes in equity

Total comprehensive income | - |  | 255,226 |  | 255,226 |  |

Balance at 31 January 2024 | 100 |  | 1,874,917 |  | 1,875,017 |  |

Changes in equity

Total comprehensive income | - |  | 226,141 |  | 226,141 |  |

Balance at 31 January 2025 | 100 |  | 2,101,058 |  | 2,101,158 |  |

| Cawarden Co. Limited (Registered number: 03948225) |

Cash Flow Statement

for the Year Ended 31 January 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 550,313 |  | 191,297 |  |

Interest paid | (21,505 | ) | (49,741 | ) |

Interest element of hire purchase payments paid | (13,563 | ) | (2,817 | ) |

Tax paid | - |  | 20,000 |  |

Net cash from operating activities | 515,245 |  | 158,739 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (484,200 | ) | (191,245 | ) |

Net cash from investing activities | (484,200 | ) | (191,245 | ) |

Cash flows from financing activities

New loans in year | - |  | 175,000 |  |

Loan repayments in year | (292,212 | ) | (230,793 | ) |

Capital repayments in year | 293,156 |  | (33,423 | ) |

Amount introduced by directors | 4,020 |  | 21,293 |  |

Amount withdrawn by directors | (7,850 | ) | (21,482 | ) |

Government grants | 15,295 |  | 17,374 |  |

Net cash from financing activities | 12,409 |  | (72,031 | ) |

Increase/(decrease) in cash and cash equivalents | 43,454 |  | (104,537 | ) |

Cash and cash equivalents at beginning of year | 2 | 1,035,111 |  | 1,139,648 |  |

Cash and cash equivalents at end of year | 2 | 1,078,565 |  | 1,035,111 |  |

| Cawarden Co. Limited (Registered number: 03948225) |

Notes to the Cash Flow Statement

for the Year Ended 31 January 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 246,964 |  | 251,602 |  |

| Depreciation charges | 174,822 |  | 112,205 |  |

| Government grants | (15,295 | ) | (17,374 | ) |

| Finance costs | 35,068 |  | 52,558 |  |

441,559 |  | 398,991 |  |

| (Increase)/decrease in stocks | (1,455,559 | ) | 2,525,380 |  |

| Decrease/(increase) in trade and other debtors | 1,403,045 |  | (2,054,518 | ) |

| Increase/(decrease) in trade and other creditors | 161,268 |  | (678,556 | ) |

| Cash generated from operations | 550,313 |  | 191,297 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 January 2025

| 31/1/25 |  | 1/2/24

£ | £ |

| Cash and cash equivalents | 1,078,565 |  | 1,035,111 |  |

| Year ended 31 January 2024

| 31/1/24 |  | 1/2/23

£ | £ |

| Cash and cash equivalents | 1,035,111 |  | 1,139,648 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1/2/24 | Cash flow | At 31/1/25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 1,035,111 |  | 43,454 |  | 1,078,565 |  |

1,035,111 |  | 43,454 |  | 1,078,565 |  |

| Debt

| Finance leases | (35,391 | ) | (293,156 | ) | (328,547 | ) |

| Debts falling due within 1 year | (206,062 | ) | 163,587 |  | (42,475 | ) |

| Debts falling due after 1 year | (55,000 | ) | 55,000 |  | - |  |

(296,453 | ) | (74,569 | ) | (371,022 | ) |

| Total | 738,658 |  | (31,115 | ) | 707,543 |  |

| Cawarden Co. Limited (Registered number: 03948225) |

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| Cawarden Co. 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Revenue from contracts for the provision of demolition services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably,revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

| Profit on construction contracts

| The percentage of completion method is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by sales to date over the total contract value, contract costs are then applied using that same proportion to estimated total contract costs to arrive at the profit to be recognised. Actual costs are either accrued or prepaid to ensure the appropriate profit is recognised in accordance with the revenue stage, these costs are presented as prepayments or accruals. Costs incurred in connection with the future activity are treated as work in progress, providing it is probable they will be recovered.

| All contract costs are considered to have been incurred by a point 12 months after the date the final invoice is issued to the customer.

| Revenue from retentions is recognised as a provision, in line with the stage of completion of the project it os associated to. Provision for contract cost retentions are also recognised on the same basis.

| When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised immediately in the profit and loss account within cost of sales.

| 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 | - | 20% on cost

| Fixtures and fittings | - | 20% on cost

| Cawarden Co. Limited (Registered number: 03948225) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

3. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in the profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| 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.

| 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.

| Cawarden Co. Limited (Registered number: 03948225) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

3. | ACCOUNTING POLICIES - continued

| Grants

| Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

| A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

4. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 21,262,433 |  | 26,804,403 |  |

21,262,433 |  | 26,804,403 |  |

5. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,062,902 |  | 3,208,804 |  |

| Social security costs | 315,950 |  | 328,740 |  |

| Other pension costs | 66,828 |  | 79,297 |  |

3,445,680 |  | 3,616,841 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Production | 79 |  | 83 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 333,779 |  | 301,819 |  |

| Directors' pension contributions to money purchase schemes | 5,000 |  | 4,681 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 4 |  | 4 |  |

| Cawarden Co. Limited (Registered number: 03948225) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

5. | EMPLOYEES AND DIRECTORS - continued

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 105,776 |  | 100,006 |  |

| Pension contributions to money purchase schemes | 1,341 |  | 1,321 |  |

6. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 99,932 |  | 83,165 |  |

| Depreciation - assets on hire purchase contracts | 74,890 |  | 29,040 |  |

| Auditors' remuneration | 10,500 |  | 8,500 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 21,505 |  | 49,741 |  |

| Hire purchase | 13,563 |  | 2,817 |  |

35,068 |  | 52,558 |  |

8. | TAXATION

| Analysis of the tax charge/(credit)

| The tax charge/(credit) on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 25,235 |  | - |  |

| Tax refunded from prior year | - |  | (35,741 | ) |

| Total current tax | 25,235 |  | (35,741 | ) |

| Deferred tax | (4,412 | ) | 32,117 |  |

| Tax on profit | 20,823 |  | (3,624 | ) |

| Cawarden Co. Limited (Registered number: 03948225) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

8. | TAXATION - continued

| Reconciliation of total tax charge/(credit) included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 246,964 |  | 251,602 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 24%) | 61,741 |  | 60,384 |  |

| Effects of:

| Expenses not deductible for tax purposes | 2,645 |  | 7,093 |  |

| Capital allowances in excess of depreciation | - |  | (19,088 | ) |

| Depreciation in excess of capital allowances | 4,412 |  | - |  |

| Utilisation of tax losses | (43,563 | ) | (49,376 | ) |

| Adjustments to tax charge in respect of previous periods | - |  | (35,741 | ) |

| Deferred tax | (4,412 | ) | 32,117 |  |

| Short term timing differences | - |  | 987 |  |

| Total tax charge/(credit) | 20,823 |  | (3,624 | ) |

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 February 2024 | 719,686 |  | 27,561 |  | 747,247 |  |

| Additions | 484,200 |  | - |  | 484,200 |  |

| At 31 January 2025 | 1,203,886 |  | 27,561 |  | 1,231,447 |  |

| DEPRECIATION

| At 1 February 2024 | 449,896 |  | 12,361 |  | 462,257 |  |

| Charge for year | 171,226 |  | 3,596 |  | 174,822 |  |

| At 31 January 2025 | 621,122 |  | 15,957 |  | 637,079 |  |

| NET BOOK VALUE

| At 31 January 2025 | 582,764 |  | 11,604 |  | 594,368 |  |

| At 31 January 2024 | 269,790 |  | 15,200 |  | 284,990 |  |

| Cawarden Co. Limited (Registered number: 03948225) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

9. | TANGIBLE FIXED ASSETS - continued

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

| Plant and

| machinery

£ |

| COST

| At 1 February 2024 | 145,000 |  |

| Additions | 405,000 |  |

| Transfer to ownership | (145,000 | ) |

| At 31 January 2025 | 405,000 |  |

| DEPRECIATION

| At 1 February 2024 | 94,920 |  |

| Charge for year | 74,890 |  |

| Transfer to ownership | (123,960 | ) |

| At 31 January 2025 | 45,850 |  |

| NET BOOK VALUE

| At 31 January 2025 | 359,150 |  |

| At 31 January 2024 | 50,080 |  |

10. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | - |  | 702,420 |  |

| Work-in-progress | 2,157,979 |  | - |  |

2,157,979 |  | 702,420 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 2,571,731 |  | 3,906,576 |  |

| Amounts owed by participating interests | 45,738 |  | - |  |

| Other debtors | 17,736 |  | 71,429 |  |

| Directors' current accounts | - |  | 4,020 |  |

| Prepayments | 71,003 |  | 85,510 |  |

2,706,208 |  | 4,067,535 |  |

| Cawarden Co. Limited (Registered number: 03948225) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 14) | 42,475 |  | 206,062 |  |

| Hire purchase contracts (see note 15) | 91,125 |  | 35,391 |  |

| Trade creditors | 3,314,142 |  | 3,079,996 |  |

| Amounts owed to participating interests | 362,330 |  | 390,217 |  |

| Tax | 25,235 |  | - |  |

| Social security and other taxes | 145,098 |  | 102,030 |  |

| VAT | 52,656 |  | 195,316 |  |

| Other creditors | 58,241 |  | 56,179 |  |

| Company credit card | 21,902 |  | - |  |

| Directors' current accounts | - |  | 7,850 |  |

| Accrued expenses | 18,500 |  | 15,750 |  |

4,131,704 |  | 4,088,791 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 14) | - |  | 55,000 |  |

| Hire purchase contracts (see note 15) | 237,422 |  | - |  |

237,422 |  | 55,000 |  |

14. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 42,475 |  | 206,062 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 55,000 |  |

15. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 91,125 |  | 35,391 |  |

| Between one and five years | 237,422 |  | - |  |

328,547 |  | 35,391 |  |

| Cawarden Co. Limited (Registered number: 03948225) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

16. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 328,547 |  | - |  |

17. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 66,836 |  | 71,248 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2024 | 71,248 |  |

| Provided during year | (4,412 | ) |

| Charged to profit and loss |

| Balance at 31 January 2025 | 66,836 |  |

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

19. | RESERVES

| Retained

| earnings

£ |

| At 1 February 2024 | 1,874,917 |  |

| Profit for the year | 226,141 |  |

| At 31 January 2025 | 2,101,058 |  |

20. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

| Pension contributions totalling £12,188 (2024 : £9,618) were payable at the year end and are included in creditors.

| Cawarden Co. Limited (Registered number: 03948225) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

21. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 | 2024 |

£ | £ |

| W D Crooks

| Balance outstanding at start of year | (4,020 | ) | 4,019 |  |

| Amounts advanced | - |  | 91,623 |  |

| Amounts repaid | 4,020 |  | (99,662 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (4,020 | ) |

22. | RELATED PARTY DISCLOSURES

| Cawarden Demo Co Limited (a company under common control)

2025 | 2024 |

£ | £ |

| Sales | 289,707 |  | 1,062,600 |  |

| Fixed assets acquired | 75,000 |  | - |  |

| Amount due to related party | 36,000 |  | 126,381 |  |

| The loan is interest free and there are no fixed repayment terms in operation.

| Included in work in progress is £2,508,455 (2024 : £Nil) relating to Cawarden Demo Co Limited.

| Fireflux Ltd (a company under common control)

2025 | 2024 |

£ | £ |

| Sales | 263 |  | 2,629 |  |

| Purchases | 12,043 |  | 35,839 |  |

| Amount due from related party | 45,738 |  | - |  |

| Amount due to related party | - |  | 1,564 |  |

| The loan is interest free and there are no fixed repayment terms in operation.

| British & Continental Finance Co. Ltd (a company under common control)

2025 | 2024 |

£ | £ |

| Sales | 60,389 |  | 301,472 |  |

| Loans received | - |  | 248,330 |  |

| Amount due to related party | 278,330 |  | 262,272 |  |

| The loan is interest free and there are no fixed repayment terms in operation.

| Cawarden Co. Limited (Registered number: 03948225) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

22. | RELATED PARTY DISCLOSURES - continued

| Cossell Land & Co (a related partnership)

2025 | 2024 |

£ | £ |

| Amount due to related party | 48,000 |  | - |  |

| The loan is interest free and there are no fixed repayment terms in operation.

23. | ULTIMATE CONTROLLING PARTY

| The controlling party is W D Crooks.