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Registration number: 04209366

Mark Ballard Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Mark Ballard Limited

Contents

Company Information | 1
Director's Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 13

Mark Ballard Limited

Company Information

Director | Mr Mark Ballard

Company secretary | Britannia Accountancy & Tax Services Ltd

Registered office | 1633 Parkway Whiteley Fareham Hampshire PO15 7AH

Accountants | Britannia Accountancy & Tax Services Ltd 1633 Parkway Whiteley Fareham Hampshire PO15 7AH

Mark Ballard Limited

Director's Report for the Year Ended 31 March 2025

The director presents his report and the financial statements for the year ended 31 March 2025.

Director of the company

The director who held office during the year was as follows:

Mr Mark Ballard

Principal activity

The principal activity of the company is Plumbing & Heating Engineers

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 10 December 2025 and signed on its behalf by:

......................................... Mr Mark Ballard Director |  |

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Mark Ballard Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mark Ballard Limited for the year ended 31 March 2025 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Mark Ballard Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mark Ballard Limited and state those matters that we have agreed to state to the Board of Directors of Mark Ballard Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mark Ballard Limited and its Board of Directors as a body for our work or for this report. To the best of our knowledge at the time of preparation; all information contained in this report is accurate, based upon the information and representations made to us by Mark Ballard Limited

It is your duty to ensure that Mark Ballard Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mark Ballard Limited. You consider that Mark Ballard 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 accounts of Mark Ballard 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 accounts.

......................................
Britannia Accountancy & Tax Services Ltd
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

10 December 2025

Mark Ballard Limited

Profit and Loss Account for the Year Ended 31 March 2025

| Note | 2025 £ | 2024 £
Turnover |  | 84,189 | 97,209
Cost of sales |  | (38,763) | (38,305)
Gross profit |  | 45,426 | 58,904
Administrative expenses |  | (44,220) | (45,375)
Operating profit |  | 1,206 | 13,529
Profit before tax | 4 | 1,206 | 13,529
Profit for the financial year |  | 1,206 | 13,529

The above results were derived from continuing operations.

Mark Ballard Limited

Statement of Comprehensive Income for the Year Ended 31 March 2025

| 2025 £ | 2024 £
Profit for the year | 1,206 | 13,529
Total comprehensive income for the year | 1,206 | 13,529

Mark Ballard Limited

(Registration number: 04209366)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 7,500 | 8,750
Tangible assets | 6 | 316,746 | 315,654
|  | 324,246 | 324,404
Current assets |  |  |
Stocks | 7 | 23,500 | 25,200
Cash at bank and in hand |  | 4,642 | 4,289
|  | 28,142 | 29,489
Creditors: Amounts falling due within one year | 8 | (201,866) | (194,473)
Net current liabilities |  | (173,724) | (164,984)
Total assets less current liabilities |  | 150,522 | 159,420
Creditors: Amounts falling due after more than one year | 8 | (80,468) | (87,671)
Net assets |  | 70,054 | 71,749
Capital and reserves |  |  |
Called up share capital | 9 | 70,030 | 70,030
Retained earnings |  | 24 | 1,719
Shareholders' funds |  | 70,054 | 71,749

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 10 December 2025

......................................... Mr Mark Ballard Director |  |

Mark Ballard Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

| Share capital £ | Retained earnings £ | Total £
At 1 April 2024 | 70,030 | 1,718 | 71,748
Profit for the year | - | 1,206 | 1,206
Dividends | - | (2,900) | (2,900)
At 31 March 2025 | 70,030 | 24 | 70,054

| Share capital £ | Retained earnings £ | Total £
At 1 April 2023 | 70,030 | 190 | 70,220
Profit for the year | - | 13,529 | 13,529
Dividends | - | (12,000) | (12,000)
At 31 March 2024 | 70,030 | 1,719 | 71,749

Mark Ballard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

The principal place of business is:
23 Jellicoe Avenue
Gosport
Hampshire
PO12 2PA

These financial statements were authorised for issue by the director on 10 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Mark Ballard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 18% on net book value
Vehicles | 18% on net book value
Office equipment | 18% on net book value
Furniture and fittings | 18% on net book value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Mark Ballard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 108 | 132
Amortisation expense | 1,250 | 1,250

Mark Ballard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2024 | 12,500 | 12,500
At 31 March 2025 | 12,500 | 12,500
Amortisation
At 1 April 2024 | 3,750 | 3,750
Amortisation charge | 1,250 | 1,250
At 31 March 2025 | 5,000 | 5,000
Carrying amount
At 31 March 2025 | 7,500 | 7,500
At 31 March 2024 | 8,750 | 8,750

6 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 315,050 | 1,092 | 316,142
Revaluations | 1,200 | - | 1,200
At 31 March 2025 | 316,250 | 1,092 | 317,342
Depreciation
At 1 April 2024 | - | 488 | 488
Charge for the year | - | 108 | 108
At 31 March 2025 | - | 596 | 596
Carrying amount
At 31 March 2025 | 316,250 | 496 | 316,746
At 31 March 2024 | 315,050 | 604 | 315,654

Included within the net book value of land and buildings above is £316,250 (2024 - £315,050) in respect of freehold land and buildings.

Mark Ballard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Stocks

| 2025 £ | 2024 £
Work in progress | 23,500 | 25,200

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 11 | 197,750 | 189,603
Accruals and deferred income |  | 4,030 | 4,870
Other creditors |  | 86 | -
|  | 201,866 | 194,473

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 11 | 80,468 | 87,671

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 10 | 10 | 10 | 10
Ordinary A Non-voting of £1 each | 10 | 10 | 10 | 10
Preference of £1,000 each | 70 | 70,000 | 70 | 70,000
Ordinary B Non-voting of £1 each | 10 | 10 | 10 | 10
| 100 | 70,030 | 100 | 70,030

10 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Mark Ballard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 80,468 | 87,671

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 197,750 | 189,603

12 | Dividends

Final dividends paid

| 2025 £ | 2024 £
Final dividend of £0 per each Ordinary share | - | -

Interim dividends paid

| 2025 £ | 2024 £
Interim dividend of £145 (2024 - £0) per each Ordinary share | 1,450 | -
Interim dividend of £145 (2024 - £600) per each Ordinary A Non-voting share | 1,450 | 6,000
Interim dividend of £0 (2024 - £600) per each Ordinary B Non-voting share | - | 6,000
| 2,900 | 12,000