REGISTERED NUMBER: 05959174 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

IMD CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

I M Davies

Mrs T R Davies

REGISTERED OFFICE:

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

REGISTERED NUMBER:

05959174 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Tangible assets

4

115,224

166,837

Investments

5

2,159,962

2,053,800

2,275,186

2,220,637

CURRENT ASSETS

Stocks

6

47,800

54,275

Debtors

7

4,946,099

1,940,569

Cash at bank and in hand

2,300,472

3,660,814

7,294,371

5,655,658

CREDITORS

Amounts falling due within one year

8

1,298,754

1,274,760

NET CURRENT ASSETS

5,995,617

4,380,898

TOTAL ASSETS LESS CURRENT LIABILITIES

8,270,803

6,601,535

PROVISIONS FOR LIABILITIES

44,240

23,577

NET ASSETS

8,226,563

6,577,958

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

114,098

86,288

Retained earnings

8,112,365

6,491,570

SHAREHOLDERS' FUNDS

8,226,563

6,577,958

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 27 November 2025 and were signed on its behalf by:

I M Davies - Director

1.	STATUTORY INFORMATION

IMD Construction 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 as modified by the revaluation of certain assets.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Fixed asset investments

Listed investments are included at fair value. Changes in fair value are recognised in the income statement. The fair value is based on the mid-market value at the balance sheet date, as given in the portfolio valuations provided by Rathbones and Brewin Dolphin, which are based on Stock Exchange values. Provision is made for impairment of listed investments where there is considered to be a permanent diminution in value Investments are listed on either the UK stock exchange, AIM or non-UK stock exchanges.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

-

12,010

295,816

307,826

Additions

39,401

3,220

44,595

87,216

Disposals

-

-

(161,883

)

(161,883

)

At 31 March 2025

39,401

15,230

178,528

233,159

DEPRECIATION

At 1 April 2024

-

5,828

135,161

140,989

Charge for year

7,880

1,880

19,045

28,805

Eliminated on disposal

-

-

(51,859

)

(51,859

)

At 31 March 2025

7,880

7,708

102,347

117,935

NET BOOK VALUE

At 31 March 2025

31,521

7,522

76,181

115,224

At 31 March 2024

-

6,182

160,655

166,837

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 April 2024

2,053,800

Additions

426,482

Disposals

(342,568

)

Revaluations

22,248

At 31 March 2025

2,159,962

NET BOOK VALUE

At 31 March 2025

2,159,962

At 31 March 2024

2,053,800

Cost or valuation at 31 March 2025 is represented by:

Listed

investments

£

Valuation in 2024

115,051

Valuation in 2025

22,248

Cost

2,022,663

2,159,962

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

47,800

54,275

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,085,664

1,184,839

Amounts owed by group undertakings

354

-

Amounts owed by associates

480

-

Other debtors

279,783

584,822

Directors' current accounts

2,562,904

-

Tax

864,979

-

VAT

151,682

161,696

Prepayments

253

9,212

4,946,099

1,940,569

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

291,169

348,580

Tax

1,000,651

909,038

Social security and other taxes

-

5,295

Other creditors

-

3,966

Directors' current accounts

-

7

Accruals and deferred income

6,934

7,874

1,298,754

1,274,760

9.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

24,213

29,162

Between one and five years

39,520

59,597

63,733

88,759

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

86,288

Movement

27,810

At 31 March 2025

114,098

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

I M Davies and Mrs T R Davies

Balance outstanding at start of year

-

10,000

Amounts advanced

2,562,903

-

Amounts repaid

-

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,562,903

-

Interest accrued during the year on the overdrawn loan account balance at an annual rate of 2.25%.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is IMD Holdings Limited.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of IMD Construction Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of IMD Construction Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of IMD Construction Limited and state those matters that we have agreed to state to the Board of Directors of IMD Construction Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IMD Construction Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that IMD Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of IMD Construction Limited. You consider that IMD Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of IMD Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

28 November 2025