REGISTERED NUMBER: 01976344 (England and Wales)

TUDOR ROOF TILE CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

J M St. J. Harris

B H Luckhurst

P J Lythgoe

T Solnica

SECRETARY:

P J Lythgoe

REGISTERED OFFICE:

Dengemarsh Road

Lydd

Romney Marsh

Kent

TN29 9JH

REGISTERED NUMBER:

01976344 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

82 High Street

Tenterden

Kent

TN30 6JG

FIXED ASSETS

Tangible assets

4

705,801

718,996

CURRENT ASSETS

Stocks

1,535,900

1,314,727

Debtors

5

268,178

362,723

Cash at bank and in hand

96,886

230,405

1,900,964

1,907,855

CREDITORS

Amounts falling due within one year

6

737,613

871,345

NET CURRENT ASSETS

1,163,351

1,036,510

TOTAL ASSETS LESS CURRENT LIABILITIES

1,869,152

1,755,506

CREDITORS

Amounts falling due after more than one year

7

(451,164

)

(311,562

)

PROVISIONS FOR LIABILITIES

(8,427

)

(10,907

)

NET ASSETS

1,409,561

1,433,037

CAPITAL AND RESERVES

Called up share capital

10

439,005

439,005

Share premium

78,375

78,375

Capital redemption reserve

64,000

64,000

Retained earnings

828,181

851,657

SHAREHOLDERS' FUNDS

1,409,561

1,433,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 12 August 2025 and were signed on its behalf by:

B H Luckhurst - Director

1.	STATUTORY INFORMATION

Tudor Roof Tile 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.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life.

Plant and machinery

- 33% on cost

- 12.5% on cost

- 8% on cost

No depreciation is provided on freehold property.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value as follows:

Finished goods - Cost of direct materials and labour plus attributable overheads based on normal level of activity.

Work in progress - Cost of direct materials and labour plus attributable overheads based on the level of completion and the normal level of activity.

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.

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.

Costs for remedial work

The company guarantees its tiles for 30 years, providing for the cost of replacement tiles on a rolling 1 year basis calculated by reference to the previous years costs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 50 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

650,000

1,045,285

2,349

1,697,634

DEPRECIATION

At 1 April 2024

-

976,406

2,232

978,638

Charge for year

-

13,128

67

13,195

At 31 March 2025

-

989,534

2,299

991,833

NET BOOK VALUE

At 31 March 2025

650,000

55,751

50

705,801

At 31 March 2024

650,000

68,879

117

718,996

In the opinion of the directors, one of whom is an experienced property investor, the open market value of the property at 31 March 2025 is in excess of the figure shown.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

216,194

315,347

Other debtors

51,984

47,376

268,178

362,723

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

185,420

238,279

Taxation and social security

56,181

101,910

Other creditors

496,012

531,156

737,613

871,345

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

451,164

311,562

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

451,164

311,562

The loan is monies received from Durrington Corporation Limited and Halden Gate LLP, see related party note.

The loan is secured by a charge over the freehold property.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,868

4,641

Between one and five years

-

3,868

3,868

8,509

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

439,005

Ordinary

£1

439,005

439,005

11.	RELATED PARTY DISCLOSURES

Management charges for services and related expenses were invoiced by Durrington Corporation Limited, a company controlled by J M St. Harris, of £20,000 (2024 - £20,000) and Halden Gate LLP, a business controlled by B H Luckhurst of £20,000 (2024 - £20,000). The total balance outstanding at the year end was £56,318 (2024 - £31,156) for Durrington Corporation Limited and £60,597 (2024 - £48,597) for Halden Gate LLP.

During the year, Durrington Corporation Limited lent the company £120,000 (2024 - £300,000l). Halden Gate LLP contributed funds of £40,000 to Durrington Corporation Limited in connection with this loan. No repayments have been made during the year. The loan is repayable 30 April 2026 and currently attracts 6% interest. At the year end, £451,164 (2024 - £311,562) was still owed.