Company No: 08431560 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	30.04.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	209,004		196,178
		209,004		196,178
Current assets
Debtors	4	352,610		466,207
Cash at bank and in hand	5	319,968		223,687
		672,578		689,894
Creditors: amounts falling due within one year	6	( 849,942)		( 887,881)
Net current liabilities		(177,364)		(197,987)
Total assets less current liabilities		31,640		(1,809)
Creditors: amounts falling due after more than one year	7	( 1,791)		( 13,111)
Provision for liabilities		( 25,673)		( 27,856)
Net assets/(liabilities)		4,176		( 42,776)
Capital and reserves
Called-up share capital	8	20		20
Profit and loss account		4,156		( 42,796 )
Total shareholders' funds/(deficit)		4,176		( 42,776)

For the financial period ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Walker Property and Construction Limited (registered number: 08431560) were approved and authorised for issue by the Board of Directors on 15 December 2025. They were signed on its behalf by:

C N Walker Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Walker Property and Construction Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Upper Lutheridge Farm, Horsley, Stroud, GL6 0QA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £177,364, primarily due to construction contract accruals. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The reporting period length for the current year has been extended to thirteen months and therefore the comparative amounts in the prior year are not directly comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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 Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. 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.

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 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.

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

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Period from 01.04.2024 to 30.04.2025		Year ended 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	12		13

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2024	84,249		136,376		87,385		24,032		332,042
Additions	0		5,346		50,845		1,158		57,349
Disposals	0		( 4,000)		( 5,000)		0		( 9,000)
At 30 April 2025	84,249		137,722		133,230		25,190		380,391
Accumulated depreciation
At 01 April 2024	0		76,705		40,327		18,832		135,864
Charge for the financial period	0		17,009		25,367		1,650		44,026
Disposals	0		( 3,831)		( 4,672)		0		( 8,503)
At 30 April 2025	0		89,883		61,022		20,482		171,387
Net book value
At 30 April 2025	84,249		47,839		72,208		4,708		209,004
At 31 March 2024	84,249		59,671		47,058		5,200		196,178

4. Debtors

	30.04.2025		31.03.2024
	£		£
Trade debtors	42,055		10,652
Amounts owed by directors	156,700		127,917
Prepayments and accrued income	131,645		278,276
VAT recoverable	0		9,143
Corporation tax	17,210		40,219
Other debtors	5,000		0
	352,610		466,207

5. Cash and cash equivalents

	30.04.2025		31.03.2024
	£		£
Cash at bank and in hand	319,968		223,687
Less: Bank overdrafts	0		( 6,324)
	319,968		217,363

6. Creditors: amounts falling due within one year

	30.04.2025		31.03.2024
	£		£
Bank overdrafts	0		6,324
Trade creditors	188,899		157,729
Other loans	1,284		1,182
Accruals	535,563		658,274
CIS withheld	5,351		7,130
Taxation and social security	107,292		38,355
Obligations under finance leases and hire purchase contracts	9,687		18,887
Other creditors	1,866		0
	849,942		887,881

7. Creditors: amounts falling due after more than one year

	30.04.2025		31.03.2024
	£		£
Obligations under finance leases and hire purchase contracts	1,791		13,111

Obligations under hire purchase contracts are secured on the associated assets.

8. Called-up share capital

	30.04.2025		31.03.2024
	£		£
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each	10		10
2 Ordinary A shares of £ 1.00 each	2		2
8 Ordinary B shares of £ 1.00 each	8		8
	20		20

9. Related party transactions

Transactions with the entity's directors

At the year end £156,700 (2024: £127,917) was owed by the directors to the company. Interest was charged at 2.25%/3.75% and the loan is repayable on demand. Dividends were declared to the directors of £121,080 (2024: £102,000).