REGISTERED NUMBER: 04111724 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

Moortown Plant Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs G M McManus

Mr A T McManus

Mr G T Akroyd

REGISTERED OFFICE:

Lusteen House

24 Roydsdale Way

Euroway Industrial Estate

Bradford

BD4 6SE

REGISTERED NUMBER:

04111724 (England and Wales)

AUDITORS:

Sutton McGrath Hartley

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

BANKERS:

Handelsbanken

25 Basinghall Street

London

EC2V 5HA

SOLICITORS:

Lupton Fawcett

Yorkshire House

East Parade

Leeds

LS1 5BD

FIXED ASSETS

Tangible assets

4

8,526,487

8,066,867

CURRENT ASSETS

Debtors

5

152,983

148,289

Cash at bank

1,490,775

1,434,953

1,643,758

1,583,242

CREDITORS

Amounts falling due within one year

6

2,028,316

1,694,045

NET CURRENT LIABILITIES

(384,558

)

(110,803

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,141,929

7,956,064

PROVISIONS FOR LIABILITIES

901,244

724,291

NET ASSETS

7,240,685

7,231,773

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,240,585

7,231,673

7,240,685

7,231,773

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 22 October 2025 and were signed on its behalf by:

Mr A T McManus - Director

1.	STATUTORY INFORMATION

Moortown Plant 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

30% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12

‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to

the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when

there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the

assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference

shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year

or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of

inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest

elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the

remaining balance of the liability.

Going concern

The directors have considered the impact of the energy crisis, cost of living crisis and other current economic issues on the Company’s trade, workforce and supply chain, as well as the wider economy. Whilst it is not considered practical to accurately assess the duration and extent of the disruption, the directors are confident that they have in place plans to deal with any financial losses that may arise. In addition, the directors consider the strong cash reserves of the group further support the going concern assumption. The directors therefore continue to adopt the going concern basis of preparation for these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2024

17,793,515

1,740,948

19,534,463

Additions

2,370,394

253,411

2,623,805

Disposals

(2,087,426

)

(84,581

)

(2,172,007

)

At 31 May 2025

18,076,483

1,909,778

19,986,261

DEPRECIATION

At 1 June 2024

10,334,182

1,133,414

11,467,596

Charge for year

1,718,899

206,868

1,925,767

Eliminated on disposal

(1,853,350

)

(80,239

)

(1,933,589

)

At 31 May 2025

10,199,731

1,260,043

11,459,774

NET BOOK VALUE

At 31 May 2025

7,876,752

649,735

8,526,487

At 31 May 2024

7,459,333

607,534

8,066,867

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

Plant and

machinery

£

COST

At 1 June 2024

452,487

Transfer to ownership

(452,487

)

At 31 May 2025

-

DEPRECIATION

At 1 June 2024

166,506

Transfer to ownership

(166,506

)

At 31 May 2025

-

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

285,981

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

41,940

20,400

Amounts owed by group undertakings

51,867

57,028

Other debtors

59,176

70,861

152,983

148,289

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 7)

-

73,946

Trade creditors

166,187

497,476

Amounts owed to group undertakings

1,854,766

1,115,720

Other creditors

7,363

6,903

2,028,316

1,694,045

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

73,946

Non-cancellable

operating leases

2025

2024

£

£

Within one year

180,000

180,000

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

The Report of the Auditors was unqualified.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of Sutton McGrath Hartley

9.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

385,620

476,400

10.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The group has an unlimited multilateral guarantee with its fellow group companies. At the balance sheet date

total group borrowings amounted to £nil (2024: £nil).

The bank holds a fixed and floating charge over all the assets of the company in respect of all monies

borrowed.

11.	RELATED PARTY DISCLOSURES

Mr A T McManus has significant influence over both Moortown Plant Limited and V&A Homes (Yorkshire) Ltd. At the year end the company was owed £1,909 (2024: £1,909) from V&A Homes (Yorkshire) Ltd.

Excel Surfacing Ltd is a member of the same group as Moortown Plant Limited, however it is not a wholly owned subsidiary. At the year end Excel Surfacing Ltd owed £23,191 (2024: £23,220) to Moortown Plant Limited. During the year Moortown Plant Limited had sales of £134,160 (2024: £131,325) and purchases of £nil (2024: £131,325) to Excel Surfacing Ltd.

Panther Construction Products Ltd is a member of the same group as Moortown Plant Limited, however it is not a wholly owned subsidiary. At the year end Panther Construction Products Ltd owed £7,164 (2024: £14,413) to Moortown Plant Limited. During the year Moortown Plant Limited had sales of £41,060 (2024: £39,538) and purchases of £nil (2024: £nil) to Panther Construction Products Ltd.

All of these balances are repayable on demand with no interest being charged.

12.	PARENT COMPANY

The ultimate controlling company is McManus Group Holdings Limited and the ultimate controlling party is Mr

A T McManus by virtue of his majority shareholding of that company.

McManus Group Holdings prepare group accounts which can be obtained from Companies House, Crown

Way, Cardiff, CF14 3UZ.