Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 August 2025

for

Landmark Brickwork Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Income and Retained Earnings

8

Balance Sheet

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTORS:

J N Bates

M Cockram

J Edwards

G M Richardson

C M Richardson

J P Vincent

R Richardson

SECRETARY:

Ms D Willmont

REGISTERED OFFICE:

Willow Farm

Moor Lane

Staines

Middlesex

TW19 6EQ

REGISTERED NUMBER:

04108771 (England and Wales)

AUDITORS:

Williams & Co Epsom LLP

Statutory Auditors

8-10 South Street

Epsom

Surrey

KT18 7PF

The directors present their strategic report for the year ended 31 August 2025.

REVIEW OF BUSINESS

The directors are pleased with the results for the year under review in what continues to be a difficult market.

The directors are excited about the company's future prospects and look forward to the future with confidence.

FINANCIAL INSTRUMENTS AND RISK

The company uses financial instruments comprising borrowings and various net working capital items such as trade

debtors and trade creditors, to finance its operations not funded by way of equity. The main risks identified with

using these financial instruments are the management of cash flow and exposure to interest rate fluctuations.

GOING CONCERN

In determining the appropriate basis of preparation of the Financial Statements, the directors are required to

consider whether the company can continue in operational existence for the foreseeable future.

In the annual review of the Company’s going concern, the Directors have considered the company's forecasts and

projections, taking account of possible changes in trading performance, which show that the company will be able to operate within the level of its current cash balances.

Accordingly, at the time of approving the financial statements, the directors have a reasonable expectation that the

company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors

continue to adopt the going concern basis of accounting in preparing the financial statements.

KEY PERFORMANCE INDICATORS

2025

2024

Turnover

£30.610m

£22.482m

Operating Profit

£4.705m

£1.821m

Operating Profit %

6.90%

8.15%

Profit before tax

£2.113m

£1.833m

ON BEHALF OF THE BOARD:

C M Richardson - Director

11 December 2025

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

DIVIDENDS

Ordinary dividends were paid amounting to £Nil (2024: £1,750,000). The directors do not recommend

payment of a further dividend.

RESEARCH AND DEVELOPMENT

The company employs some of the most experienced stonemasons in the construction sector and carries out

research and development activities on innovative projects. The company is able to combine standard techniques

used in different sectors to deliver new solutions to the market.

DIRECTORS

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

J N Bates

M Cockram

J Edwards

G M Richardson

C M Richardson

J P Vincent

Other changes in directors holding office are as follows:

R Richardson - appointed 1 April 2025

Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year.

These provisions remain in force at the reporting date.

POLITICAL DONATIONS AND EXPENDITURE

During the year the entity made donations amounting to £23,010 (2024: £18,660).

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year.

These provisions remain in force at the reporting date.

STRATEGIC REPORT

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's

strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports)

Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of financial instruments,

risks and going concern.

MEDIUM-SIZED COMPANIES EXEMPTION

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium sized companies exemption.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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). 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Williams & Co Epsom LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C M Richardson - Director

11 December 2025

Opinion

We have audited the financial statements of Landmark Brickwork Limited (the 'company') for the year ended 31 August 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the 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 company's affairs as at 31 August 2025 and of its 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 company 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 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 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

-	the 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 pages three and 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 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 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.

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance

with laws and regulations related to industry sector regulations and unethical and prohibited business practices, and

we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and UK Tax Legislation. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls). Appropriate audit procedures in response to these risks were carried out. These procedures included:

· Discussions with management, including consideration of known or suspected instances of non-compliance

with laws and regulation and fraud;

· Reading minutes of meetings of those charged with governance;

· Obtaining and reading correspondence from legal and regulatory bodies including HMRC;

· Identifying and testing journal entries;

· Challenging assumptions and judgements made by management in their significant accounting estimates.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team

members; and remained alert to any indications of fraud or non-compliance with laws and regulations throughout

the audit.

There are inherent limitations in the audit procedures described above. The further removed instances of non compliance with laws and regulations are from the events and transactions reflected in the financial statements, the

less likely we are to become aware of it. Also, 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.

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.

Henry Williams (Senior Statutory Auditor)

for and on behalf of Williams & Co Epsom LLP

Statutory Auditors

8-10 South Street

Epsom

Surrey

KT18 7PF

11 December 2025

TURNOVER

3

30,610,320

22,481,547

Cost of sales

(25,905,431

)

(17,942,333

)

GROSS PROFIT

4,704,889

4,539,214

Administrative expenses

(2,653,453

)

(2,718,670

)

2,051,436

1,820,544

Other operating income

27,900

-

OPERATING PROFIT

5

2,079,336

1,820,544

Interest receivable and similar income

44,386

35,490

2,123,722

1,856,034

Interest payable and similar expenses

6

(11,065

)

(22,986

)

PROFIT BEFORE TAXATION

2,112,657

1,833,048

Tax on profit

7

(534,290

)

(443,449

)

PROFIT FOR THE FINANCIAL YEAR

1,578,367

1,389,599

Retained earnings at beginning of year

8,563,118

8,923,519

Dividends

8

-

(1,750,000

)

RETAINED EARNINGS AT END OF YEAR

10,141,485

8,563,118

FIXED ASSETS

Tangible assets

9

248,205

303,138

Investment property

10

691,309

691,309

939,514

994,447

CURRENT ASSETS

Debtors

11

9,480,556

5,834,925

Cash at bank and in hand

3,748,749

6,504,237

13,229,305

12,339,162

CREDITORS

Amounts falling due within one year

12

4,014,127

4,709,531

NET CURRENT ASSETS

9,215,178

7,629,631

TOTAL ASSETS LESS CURRENT LIABILITIES

10,154,692

8,624,078

CREDITORS

Amounts falling due after more than one year

13

(1,656

)

(45,037

)

PROVISIONS FOR LIABILITIES

15

(10,551

)

(14,923

)

NET ASSETS

10,142,485

8,564,118

CAPITAL AND RESERVES

Called up share capital

16

900

900

Capital redemption reserve

17

100

100

Retained earnings

17

10,141,485

8,563,118

SHAREHOLDERS' FUNDS

10,142,485

8,564,118

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

C M Richardson - Director

Cash flows from operating activities

Cash generated from operations

1

(1,265,944

)

4,781,271

Interest paid

(11,065

)

(22,986

)

Tax paid

(784,379

)

(348,929

)

Net cash from operating activities

(2,061,388

)

4,409,356

Cash flows from investing activities

Purchase of tangible fixed assets

(76,259

)

(5,265

)

Purchase of investment property

-

(691,309

)

Sale of tangible fixed assets

2,583

22,050

Interest received

44,386

35,490

Net cash from investing activities

(29,290

)

(639,034

)

Cash flows from financing activities

Capital repayments in year

(108,219

)

(153,584

)

Amount introduced by directors

183,575

-

Amount withdrawn by directors

(740,166

)

-

Equity dividends paid

-

(1,750,000

)

Net cash from financing activities

(664,810

)

(1,903,584

)

(Decrease)/increase in cash and cash equivalents

(2,755,488

)

1,866,738

Cash and cash equivalents at beginning of year

2

6,504,237

4,637,499

Cash and cash equivalents at end of year

2

3,748,749

6,504,237

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit for the financial year

1,578,367

1,389,599

Depreciation charges

131,193

111,144

Profit on disposal of fixed assets

(2,583

)

(18,367

)

Finance costs

11,065

22,986

Finance income

(44,386

)

(35,490

)

Taxation

534,290

443,449

2,207,946

1,913,321

(Increase)/decrease in trade and other debtors

(1,673,285

)

3,742,407

Decrease in trade and other creditors

(1,800,605

)

(874,457

)

Cash generated from operations

(1,265,944

)

4,781,271

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 August 2025

31.8.25

1.9.24

£

£

Cash and cash equivalents

3,748,749

6,504,237

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

6,504,237

4,637,499

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank and in hand

6,504,237

(2,755,488

)

3,748,749

6,504,237

(2,755,488

)

3,748,749

Debt

Finance leases

(165,151

)

108,219

(56,932

)

(165,151

)

108,219

(56,932

)

Total

6,339,086

(2,647,269

)

3,691,817

1.	STATUTORY INFORMATION

Landmark Brickwork 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 FRS 102 “The Financial Reporting

Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies

Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention, modified to include the

revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements,

estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent

from other sources. The estimates and associated assumptions are based on historical experience and other

factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised where the revision affects only that

period, or in the period of the revision and future periods where the revision affects both current and future

periods.

Key sources of estimation uncertainty

Amounts recoverable on long term contracts

The company applies its policy on contract accounting when recognising revenue and profit on partially

completed contracts. The application of this policy requires judgements to be made in respect of the total

expected costs to complete for each site. The company has in place established internal control processes to ensure that the evaluation of costs and revenues is based upon appropriate estimates. Amounts recoverable on long term contracts recognised at the year end total £2,066,935 (2023: £3,674,800) with payments received on account in creditors at £629,537 (2023: £480,397).

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

-

25% on cost

Fixtures and fittings

-

20% on cost and 10% on cost

Motor vehicles

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or

joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are

subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that

investments in equity instruments that are not publicly traded and whose fair values cannot be measured

reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of

impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that

occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was

recognised, the impairment is reversed. The reversal is such that the current carrying amount does not

exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or

are settled, or when the company transfers the financial asset and substantially all the risks and rewards of

ownership to another entity, or if some significant risks and rewards of ownership are retained but control of

the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

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.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial

instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into

and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised

in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at

fair value through profit or loss. Debt instruments may be designated as being measured at fair value through

profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their

performance evaluated on a fair value basis in accordance with a documented risk management or

investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or

cancelled.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Company information

Landmark Brickwork Limited is a private company limited by shares incorporated in England and Wales. The

registered office is Willow Farm, Moor Lane, Staines, Middlesex, TW19 6EQ.

Going concern

In determining the appropriate basis of preparation of the Financial Statements, the directors are required to

consider whether the company can continue in operational existence for the foreseeable future.

In the annual review of the Company’s going concern, the Directors have considered the company's forecasts and projections, taking account of possible changes in trading performance, which show that the company will be able to operate within the level of its current cash balances.

Accordingly, at the time of approving the financial statements, the directors have a reasonable expectation

that the company has adequate resources to continue in operational existence for the foreseeable future.

Thus the directors continue to adopt the going concern basis of accounting in preparing the financial

statements

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

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

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are

recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

3.

TURNOVER

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

An analysis of turnover by class of business is given below:

2025

2024

£

£

Brickwork and Construction

30,610,320

22,481,547

30,610,320

22,481,547

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

30,610,320

22,481,547

30,610,320

22,481,547

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,262,253

1,228,763

Social security costs

145,272

134,638

Other pension costs

5,502

5,257

1,413,027

1,368,658

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

2025

2024

Contract sales and labour

9

12

Directors' remuneration

2025

2024

£

£

Remuneration for qualifying services

646,240

646,783

Company pension contributions to defined contribution schemes

6,483

167,243

652,723

778,026

The number of directors for whom retirement benefits are accruing under defined contribution schemes

amounted to 3 (2023 - 3).

Remuneration disclosed above include the following amounts paid to the highest paid director:

2025

2024

£

£

Remuneration for qualifying services

250,801

247,918

Company pension contributions to defined contribution schemes

1,321

1,321

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Hire of plant and machinery

167,380

158,729

Other operating leases

333,150

333,150

Depreciation - owned assets

131,192

111,146

Profit on disposal of fixed assets

(2,583

)

(18,367

)

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

-

12,455

Hire purchase interest

11,065

10,531

11,065

22,986

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

538,662

454,468

Deferred tax

(4,372

)

(11,019

)

Tax on profit

534,290

443,449

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