REGISTERED NUMBER: 12520767 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BROMLEY RDG GROUP LTD

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Statement of Income and Retained Earnings

10

Consolidated Balance Sheet

11

Company Balance Sheet

13

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

17

DIRECTORS:

G Cocker

R D Cocker

REGISTERED OFFICE:

Unit 1, Spring Park Clayburn Road

Grimethorpe

Barnsley

S72 7FD

REGISTERED NUMBER:

12520767 (England and Wales)

INDEPENDENT AUDITORS:

Xeinadin Audit Limited

Statutory Auditor

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

HSBC Bank PLC

35 College Street

Rotherham

South Yorkshire

S65 1AF

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

Bromley RDG is a family-owned business specialising in civil engineering and groundworks within the construction and housing sectors.The Group operates in the Yorkshire and North Derbyshire regions of England.

The client base consists of a mix of regional and national housebuilders.

REVIEW OF BUSINESS

During the year ended 31 March 2025, Bromley RDG Ltd achieved continued strong revenue growth, with turnover increasing by 10% (2024: 14%). This reflects a healthy mix of repeat business from existing clients and the securing of new contracts.

Gross profit increased in absolute terms, reflecting both higher revenues and continued operational efficiency. Despite ongoing cost pressures in the wider industry particularly around labour and materials, the company maintained robust cost controls throughout the year, underlining the strength of the business model.

During the year, the company made further investment in fixed assets to support current operations and future growth, which has resulted in increased depreciation within administrative expenses. Alongside capital investment, the company continued to expand and upskill its workforce to meet growing demand, reflecting commitment to both quality and long-term capability.

The directors believe that continued investment in people, equipment and systems is essential to ensure Bromley RDG remains competitive and responsive in a changing construction environment.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risk to the business is the performance of the private housing market affecting the demand from clients. To mitigate this risk, we are broadening our client profile into the social housing sector.

Material cost inflation continues to be a challenge and affect profits. The directors are reviewing the purchasing

strategy to reduce these risks.

All company policies are subject to continual assessment and review in line with changing legislation and industry

guideline.

KEY PERFORMANCE INDICATORS

The directors monitor a range of key performance indicators to assess the financial health, operational efficiency, and overall progress of the business. These indicators help inform decision-making, guide strategic priorities, and ensure the group remains on track to meet its objectives.

Profitability, cash generation, and liquidity remain central to the groups financial monitoring framework. The directors pay close attention to net profit before tax and EBITDA as measures of underlying performance, alongside capital expenditure levels to ensure that investment in plant and equipment is sustainable and aligned with business needs. Regular assessment of working capital, including debtor and creditor days, helps maintain a stable financial base.

On the operational side, client retention and repeat business levels are closely reviewed, as they are strong indicators of customer satisfaction and future workload stability. Other non-financial indicators such as training uptake, internal resourcing levels, and health and safety performance are also reviewed regularly, with a strong emphasis on maintaining high standards across all areas of the business.

FUTURE DEVELOPMENTS

Tendering activity has remained consistently strong, and the group continues to see a healthy pipeline of

opportunities from both new and existing clients, particularly in residential infrastructure and enabling works. The board remains cautiously optimistic that this demand will translate into continued growth over the coming year, albeit with careful management of costs, capacity and project risk.

To support this, the group will continue to invest in modernising its fleet and equipment, enhancing both operational efficiency and environmental performance.

ON BEHALF OF THE BOARD:

R D Cocker - Director

21 October 2025

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of groundworks and civil engineering specialists.

DIVIDENDS

An interim dividend of £500 per share was paid on 5 April 2025. The directors recommend that no final dividend be paid.

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

DIRECTORS

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

G Cocker

R D Cocker

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS

The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R D Cocker - Director

21 October 2025

Opinion

We have audited the financial statements of Bromley RDG Group Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31 March 2025 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

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

-	the parent company 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 group's and the parent 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 group or the parent 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We design audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Companies Act 2006. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

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.

Scott Mell FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Statutory Auditor

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

1 December 2025

TURNOVER

3

16,652,996

15,086,464

Cost of sales

13,701,888

12,603,919

GROSS PROFIT

2,951,108

2,482,545

Administrative expenses

1,221,209

1,181,549

1,729,899

1,300,996

Other operating income

13,002

25,013

OPERATING PROFIT

5

1,742,901

1,326,009

Income from shares in group undertakings

-

60,000

Interest receivable and similar income

6

123,243

95,745

123,243

155,745

PROFIT BEFORE TAXATION

1,866,144

1,481,754

Tax on profit

7

466,857

361,025

PROFIT FOR THE FINANCIAL YEAR

1,399,287

1,120,729

Retained earnings at beginning of year

8,658,188

7,721,659

Dividends

9

-

(184,200

)

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR

10,057,475

8,658,188

Profit attributable to:

Owners of the parent

1,399,287

1,120,729

FIXED ASSETS

Tangible assets

10

2,673,882

2,375,983

Investments

11

-

-

2,673,882

2,375,983

CURRENT ASSETS

Stocks

12

30,000

30,000

Debtors

13

4,831,167

2,127,865

Cash at bank

4,799,352

5,558,239

9,660,519

7,716,104

CREDITORS

Amounts falling due within one year

14

1,622,675

839,695

NET CURRENT ASSETS

8,037,844

6,876,409

TOTAL ASSETS LESS CURRENT LIABILITIES

10,711,726

9,252,392

PROVISIONS FOR LIABILITIES

16

654,043

593,996

NET ASSETS

10,057,683

8,658,396

CAPITAL AND RESERVES

Called up share capital

17

120

120

Capital redemption reserve

18

88

88

Retained earnings

18

10,057,475

8,658,188

SHAREHOLDERS' FUNDS

10,057,683

8,658,396

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

R D Cocker - Director

FIXED ASSETS

Tangible assets

10

216,749

437,331

Investments

11

12

12

216,761

437,343

CURRENT ASSETS

Debtors

13

562,500

383,453

Cash at bank

3,161,384

3,250,830

3,723,884

3,634,283

CREDITORS

Amounts falling due within one year

14

3,509,934

3,653,361

NET CURRENT ASSETS/(LIABILITIES)

213,950

(19,078

)

TOTAL ASSETS LESS CURRENT LIABILITIES

430,711

418,265

PROVISIONS FOR LIABILITIES

16

54,188

109,333

NET ASSETS

376,523

308,932

CAPITAL AND RESERVES

Called up share capital

17

120

120

Retained earnings

376,403

308,812

SHAREHOLDERS' FUNDS

376,523

308,932

Company's profit for the financial year

67,591

175,310

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

R D Cocker - Director

Cash flows from operating activities

Cash generated from operations

1

57,978

2,776,370

Tax paid

(285,042

)

(382,230

)

Net cash from operating activities

(227,064

)

2,394,140

Cash flows from investing activities

Purchase of tangible fixed assets

(1,242,609

)

(465,309

)

Sale of tangible fixed assets

430,351

59,000

Interest received

123,243

95,745

Dividends received

-

60,000

Net cash from investing activities

(689,015

)

(250,564

)

Cash flows from financing activities

Amount introduced by directors

183,454

276,418

Amount withdrawn by directors

(26,262

)

(665,366

)

Equity dividends paid

-

(184,200

)

Net cash from financing activities

157,192

(573,148

)

(Decrease)/increase in cash and cash equivalents

(758,887

)

1,570,428

Cash and cash equivalents at beginning of year

2

5,558,239

3,987,811

Cash and cash equivalents at end of year

2

4,799,352

5,558,239

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

2025

2024

£

£

Profit before taxation

1,866,144

1,481,754

Depreciation charges

495,457

443,296

Loss on disposal of fixed assets

18,904

1,839

Finance income

(123,243

)

(155,745

)

2,257,262

1,771,144

Increase in stocks

-

(1,973

)

(Increase)/decrease in trade and other debtors

(2,870,098

)

1,571,421

Increase/(decrease) in trade and other creditors

670,814

(564,222

)

Cash generated from operations

57,978

2,776,370

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 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

4,799,352

5,558,239

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

5,558,239

3,987,811

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank

5,558,239

(758,887

)

4,799,352

5,558,239

(758,887

)

4,799,352

Total

5,558,239

(758,887

)

4,799,352

1.	STATUTORY INFORMATION

Bromley RDG Group Ltd 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 General Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation

The consolidated financial statements include the financial statements of the company and its subsidiary undertakings made up to 31 March 2025.

Subsidiaries are consolidated from the date of their acquisition, being the date on which the group obtains control and continue to be consolidated until the date that such control ceases. Control comprises the power to govern the financial and operating policies of the investee so as to obtain benefit from its activities.

Significant judgements and estimates

No significant judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover represents amounts receivable for goods and services provided net of taxes and trade discounts.

When the outcome of a contract can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that is probable will be recovered.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, either as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it's liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.

TURNOVER

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

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

894,155

1,067,976

Social security costs

88,458

39,753

Other pension costs

164,411

198,025

1,147,024

1,305,754

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

2025

2024

Directors

2

2

Administration

3

3

Site and yard operations

19

24

24

29

2025

2024

£

£

Directors' remuneration

83,652

84,412

Directors' pension contributions to money purchase schemes

80,000

120,000

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

Money purchase schemes

2

2

5.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

1,608,874

1,573,787

Depreciation - owned assets

495,455

443,296

Loss on disposal of fixed assets

18,904

1,839

Auditors' remuneration

19,000

17,500

6.

INTEREST RECEIVABLE AND SIMILAR INCOME

2025

2024

£

£

Deposit account interest

123,243

79,073

Other interest received

-

16,672

123,243

95,745

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

407,440

369,295

Underprovision in respect of prior periods

(630

)

-

Total current tax

406,810

369,295

Deferred tax

60,047

(8,270

)

Tax on profit

466,857

361,025

UK corporation tax has been charged at 25 % (2024 - 25 %).

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

1,866,144

1,481,754

Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %)

466,536

370,439

Effects of:

Expenses not deductible for tax purposes

4,642

-

Capital allowances in excess of depreciation

(118,883

)

(1,144

)

Adjustments to tax charge in respect of previous periods

(630

)

-

Movement in deferred tax

115,192

(8,270

)

Total tax charge

466,857

361,025