Lesterose Builders Limited Company accounts

COMPANY REGISTRATION NUMBER: 1238232

LESTEROSE BUILDERS LIMITED

FINANCIAL STATEMENTS

31 March 2025

LESTEROSE BUILDERS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Pages

Officers and professional advisers	1

Strategic report	2

Directors' report	3 to 4

Independent auditor's report to the members	5 to 8

Statement of comprehensive income	9

Statement of financial position	10

Statement of changes in equity	11

Statement of cash flows	12

Notes to the financial statements	13 to 20

LESTEROSE BUILDERS LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	N O'Keeffe
	M J Doughty
	A R Stone
	D J Guildford
	M E Stone
	S N O'Keeffe
	D B Stone

Company secretary	M E Stone

Registered office	Numeric House
	98 Station Road
	Sidcup
	Kent
	United Kingdom
	DA15 7BY

Auditor	Affinia (Orpington)
	Chartered Accountants & statutory auditor
	Lynwood House
	Crofton Road
	Orpington
	Kent
	BR6 8QE

Bankers	Barclays Bank Plc
	1 Churchill Place
	Canary Wharf
	London
	E14 5HP

Solicitors	Clarkson Wright & Jakes Ltd
	Valiant House
	12 Knoll Rise
	Orpington
	BR6 0PG

LESTEROSE BUILDERS LIMITED

STRATEGIC REPORT

YEAR ENDED 31 MARCH 2025

Strategic management The objective of the company is to be one of the largest brickwork contractors in the UK. To achieve this objective the group's strategy is to supply high quality finishes for brick and blockwork, architectural masonry and stonework. The company employ traditional values and methods and is committed to delivering services tailored to clients' requirements using its wealth of knowledge and skills in the construction industry.

Business environment The company is subject to various health and safety risks due to the nature of business. The company is totally committed to achieving the highest level of health and safety provision throughout all areas of the group and aims to work towards achieving a working environment that is free from work-related accidents and ill health, this is regarded as an ongoing process. The company is fully aware of their environmental responsibilities and has developed their own environmental management system in accordance with the international standards ISO14005:2019.

Business performance The level of business and the year end financial position were satisfactory, and the directors expect that the present level of activity will be sustained for the foreseeable future. The Board regards the following as key performance indicators for the company: 1. Gross Profit Percentage The Gross Profit Percentage achieved in 2025 was 25.2% and in 2024 it was 20.9%. 2. The ratio of current assets to current liabilities The ratio of current assets to current liabilities at 31st March 2025 was 4.10 and at 31st March 2024 it was 3.91. The board is comfortable to report that whilst there have been challenges in the accounting period, due to global events, rising material and rising labour costs, the company has been able to continue to operate satisfactorily and are pleased with the above results.

This report was approved by the board of directors on 22 December 2025 and signed on behalf of the board by:

N O'Keeffe Director

LESTEROSE BUILDERS LIMITED

DIRECTORS' REPORT

YEAR ENDED 31 MARCH 2025

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

Directors

The directors who served the company during the year were as follows:

N O'Keeffe
M J Doughty
A R Stone
D J Guildford
M E Stone
S N O'Keeffe
D B Stone

Dividends

Particulars of recommended dividends are detailed in note 13 to the financial statements.

Future developments

To gain market share and to continue to train and upskill workforce.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report 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 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 judgments 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. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 22 December 2025 and signed on behalf of the board by:

N O'Keeffe Director

LESTEROSE BUILDERS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LESTEROSE BUILDERS LIMITED

YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of Lesterose Builders Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and the related notes, 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 FRS 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 March 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 auditor's 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.

Emphasis of matter

In forming our opinion we have considered the adequacy of the disclosures made in note 12 of the Financial Statements concerning the company's corporation tax position for earlier years. In view of the significance of this matter we consider it should be drawn to your attention but our audit report is not qualified in this respect.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report 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 directors' report. We have nothing to report in respect of the following matters in relation to which 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 directors' responsibilities statement, 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 is 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.

Auditor's 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 an auditor's report 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 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: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the building sector; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, environmental and health and safety legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias - investigated the rationale behind significant or unusual transactions; and - observed and identified internal controls in place, specifically around payroll and bank transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC and reviewing for evidence of correspondence with legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: https:www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. 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 an auditor's report 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.

Mark Middleton FCA

(Senior Statutory Auditor)

For and on behalf of

Affinia (Orpington)

Chartered Accountants & statutory auditor

Lynwood House

Crofton Road

Orpington

Kent

BR6 8QE

22 December 2025

LESTEROSE BUILDERS LIMITED

STATEMENT OF COMPREHENSIVE INCOME

YEAR ENDED 31 MARCH 2025

		2025	2024
			(restated)
Note		£	£
Turnover	4	19,391,423	19,060,247

Cost of sales	( 14,505,513)	( 15,074,359)
	--------------	--------------
Gross profit	4,885,910	3,985,888

Administrative expenses		( 2,236,718)	( 1,559,809)
Other operating income	5	3,700	4,200
		------------	------------
Operating profit	6	2,652,892	2,430,279

Interest receivable	10	435	436
Interest payable	11	( 16,082)	( 9,302)
		------------	------------
Profit before taxation		2,637,245	2,421,413

Taxation on ordinary activities	12	( 701,123)	( 720,322)
		------------	------------
Profit for the financial year and total comprehensive income		1,936,122	1,701,091
		------------	------------

All the activities of the company are from continuing operations.

LESTEROSE BUILDERS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
			(restated)
Note	£	£	£

Fixed assets

Tangible assets	14		166,828	159,828

Current assets

Debtors	15	11,604,200	10,358,767
Cash at bank and in hand		3,503,988	2,433,305
		--------------	--------------
		15,108,188	12,792,072

Creditors: amounts falling due within one year	16	3,682,041		3,275,047
		--------------		--------------
Net current assets			11,426,147	9,517,025
			--------------	------------
Total assets less current liabilities			11,592,975	9,676,853
			--------------	------------
Net assets			11,592,975	9,676,853
			--------------	------------

Capital and reserves

Called up share capital	20	100	100
Profit and loss account	21	11,592,875	9,676,753
		--------------	------------
Shareholders funds		11,592,975	9,676,853
		--------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

N O'Keeffe

Director

Company registration number: 1238232

LESTEROSE BUILDERS LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 MARCH 2025

		Called up share capital	Profit and loss account	Total
Note		£	£	£
At 1 April 2023 (as previously reported)		100	7,659,549	7,659,649
Prior period adjustments	19	–	316,113	316,113
		----	------------	------------
At 1 April 2023 (restated)		100	7,975,662	7,975,762
		----	------------	------------

Profit for the year			1,701,091	1,701,091
		----	------------	------------
Total comprehensive income for the year		–	1,701,091	1,701,091

At 31 March 2024		100	9,676,753	9,676,853

Profit for the year			1,936,122	1,936,122
		----	------------	------------
Total comprehensive income for the year		–	1,936,122	1,936,122

Dividends paid and payable	13	–	( 20,000)	( 20,000)
		----	--------	--------
Total investments by and distributions to owners		–	( 20,000)	( 20,000)

		----	--------------	--------------
At 31 March 2025		100	11,592,875	11,592,975
		----	--------------	--------------

LESTEROSE BUILDERS LIMITED

STATEMENT OF CASH FLOWS

YEAR ENDED 31 MARCH 2025

	2025	2024
		(restated)
	£	£

Cash flows from operating activities

Profit for the financial year	1,936,122	1,701,091

Adjustments for:
Interest receivable	( 435)	( 436)
Interest payable	16,082	9,302
Taxation on ordinary activities	701,123	720,322
Accrued expenses/(income)	93,573	( 9,726)

Changes in:
Stock	–	159,828
Trade and other debtors	( 218,458)	43,424
Trade and other creditors	202,507	( 1,305,651)
	------------	------------
Cash generated from operations	2,730,514	1,318,154

Interest paid	( 16,082)	( 9,302)
Interest received	435	436
Tax paid	( 641,983)	( 323,220)
	------------	------------
Net cash from operating activities	2,072,884	986,068
	------------	------------

Cash flows from investing activities

Purchase of tangible assets	( 7,000)	–
Other investing cash flow adjustment	(11,940)	(2,928)
	------------	------------
Net cash used in investing activities	( 18,940)	( 2,928)
	------------	------------

Cash flows from financing activities

Proceeds from loans from group undertakings	( 963,261)	( 657,480)
Dividends paid	( 20,000)	–
	------------	------------
Net cash used in financing activities	( 983,261)	( 657,480)
	------------	------------

Net increase in cash and cash equivalents	1,070,683	325,660
Cash and cash equivalents at beginning of year	2,433,305	2,107,645
	------------	------------
Cash and cash equivalents at end of year	3,503,988	2,433,305
	------------	------------

LESTEROSE BUILDERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through the statement of comprehensive income. The financial statements are prepared in sterling, which is the functional currency of the entity.

Debtors

Debtors are initially recorded at fair value and are assessed for impairment at each year end date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.

Creditors

Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: The key source of estimation uncertainty is revenue recognition on long term contracts. Profits on long term contracts are accrued evenly over the life of the contract. There are two estimated factors that are used in calculating the carrying amounts, being an estimated budgeted gross profit percentage and the estimated percentage of completion. The carrying amounts of the estimated contract values as at 31st March 2025 are uninvoiced sales of £2,642,789 and sales in advance of £444,361.

Revenue recognition

Revenue refers to the amounts earned from the Company's principal activity; that of masonry contractors. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in statement of comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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 its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
		(restated)
	£	£
Construction contracts	19,391,423	19,060,247
	--------------	--------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Other operating income

	2025	2024
		(restated)
	£	£
Management charges receivable	3,700	4,200
	-------	-------

6. Operating profit

Operating profit or loss is stated after charging:

	2025	2024
		(restated)
	£	£
Impairment of trade debtors	573,975	116,560
	----------	----------

Operating profit or loss is the profit or loss from business operations before deduction of interest and taxes.

7. Auditor's remuneration

	2025	2024
		(restated)
	£	£
Fees payable for the audit of the financial statements	10,000	18,000
	--------	--------

Fees payable to the company's auditor and its associates for other services:

Other non-audit services	28,193	48,455
	--------	--------

8. Particulars of employees

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	26	21
Administrative staff	4	4
Management staff	4	4
	----	----
	34	29
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
		(restated)
	£	£
Wages and salaries	1,406,334	1,281,530
Social security costs	153,875	151,887
Other pension costs	169,924	109,963
	------------	------------
	1,730,133	1,543,380
	------------	------------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
		(restated)
	£	£
Remuneration	366,250	325,000
Company contributions to defined contribution pension plans	123,084	83,302
	----------	----------
	489,334	408,302
	----------	----------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
		(restated)
	No.	No.
Defined contribution plans	2	2
	----	----

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
		(restated)
	£	£
Aggregate remuneration	150,000	100,000
Company contributions to defined contribution pension plans	–	40,000
	----------	----------
	150,000	140,000
	----------	----------

10. Interest receivable

	2025	2024
		(restated)
	£	£
Interest on cash and cash equivalents	435	436
	----	----

11. Interest payable

	2025	2024
		(restated)
	£	£
Interest on banks loans and overdrafts	16,082	9,302
	--------	-------

12. Taxation on ordinary activities

Major components of tax expense

	2025	2024
		(restated)
	£	£

Current tax:

UK current tax expense	700,904	671,025
Adjustments in respect of prior periods	–	49,030
	----------	----------
Total current tax	700,904	720,055
	----------	----------

Deferred tax:

Origination and reversal of timing differences	219	267
	----------	----------
Taxation on ordinary activities	701,123	720,322
	----------	----------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
		(restated)
	£	£
Profit on ordinary activities before taxation	2,637,245	2,421,413
	------------	------------
Profit on ordinary activities by rate of tax	659,311	605,353
Adjustment to tax charge in respect of prior periods	–	49,030
Effect of expenses not deductible for tax purposes	43,562	39,939
Effect of capital allowances and depreciation	( 1,969)	( 267)
Effect on deferred tax	219	267
Irrecoverable enquiry payment on account	–	26,000
	------------	------------
Tax on profit	701,123	720,322
	------------	------------

The company are concluding with HM Revenue and Customs Tax treatment with regards to expenses to prior periods. The Directors expect matters to conclude in 2026 and have included in the Financial Statements the expected final position of the taxation due.

13. Dividends

	2025	2024
		(restated)
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	20,000	–
	--------	----

14. Tangible assets

	Land	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024 (as restated)	159,828	–	159,828
Additions	–	7,000	7,000
	----------	-------	----------
At 31 March 2025	159,828	7,000	166,828
	----------	-------	----------
Depreciation
At 1 April 2024 and 31 March 2025	–	–	–
	----------	-------	----------
Carrying amount
At 31 March 2025	159,828	7,000	166,828
	----------	-------	----------
At 31 March 2024	159,828	–	159,828
	----------	-------	----------

15. Debtors

	2025	2024
		(restated)
	£	£
Trade debtors	102,851	900
Amounts owed by group undertakings	6,536,123	5,520,869
Deferred tax asset	998	1,217
Prepayments and accrued income	25,075	4,202
Directors loan account	328,762	316,822
Amounts receivable on contracts	4,212,490	4,140,648
Other debtors	397,901	374,109
	--------------	--------------
	11,604,200	10,358,767
	--------------	--------------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
		(restated)
	£	£
Amounts receivable on contracts	271,840	331,033
	----------	----------

16. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Payments received on account	444,361	504,090
Trade creditors	1,530,054	1,283,304
Amounts owed to group undertakings	436,484	384,491
Accruals and deferred income	343,415	249,842
Corporation tax	704,934	646,013
Social security and other taxes	167,996	155,309
Other creditors	54,797	51,998
	------------	------------
	3,682,041	3,275,047
	------------	------------

17. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
		(restated)
	£	£
Included in debtors (note 15)	998	1,217
	----	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
		(restated)
	£	£
Unused capital allowances	(998)	(1,217)
	----	-------

18. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 169,924 (2024: £ 109,963 ).

19. Prior period adjustments

The company are concluding with HM Revenue and Customs tax treatment with regard to expenses in prior periods. The prior period adjustments relates to the conclusion of tax treatment of expenses in prior periods

		2025
		£
	Decrease in costs	272,756
	Increase in corporation tax on costs	(31,773)
	Decrease in taxation liabilities charged and paid in previous periods	75,130
	Net increase to profit and loss reserves	316,113

20. Called up share capital

Issued, called up and fully paid

	2025		2024
			(restated)
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

21. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

22. Analysis of changes in net debt

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	2,433,305	1,070,683	3,503,988
Debt due within one year	(384,491)	(51,993)	(436,484)
	------------	------------	------------
	2,048,814	1,018,690	3,067,504
	------------	------------	------------

23. Commitments under operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
		(restated)
	£	£
Not later than 1 year	28,800	28,800
	--------	--------

24. Directors' advances, credits and guarantees

At the start of the year the company was owed £44,066 by the directors. Further advances of £11,940 were made during the year and the balance outstanding at the year end was £56,006. The loan was made interest free and repayable on demand.

LESTEROSE BUILDERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2025

25. Related party transactions

The company is related to Lesterose Scotland Limited and KPT Solutions Limited by the virtue that both companies are under the common directorship of Mr A R Stone and Mr D J Guildford . Lesterose Scotland Limited: During the year sales of £3,000 and £1,998 were made by the company to Lesterose Scotland Limited for administrative charges and recharge of accounting software costs respectively. At the year end, the company was owed £900.00 by Lesterose Scotland Limited. This balance is included in trade debtors. (2024 - Lesterose Scotland owed £900). KPT Solutions Limited: During the year, sales totalling £2,018 were made to KPT Solutions in respect of expense recharges amd purchases totalling £1,035,549 were made by the company from KPT Solutions in respect of material, tool and plant supply and hire. At the year end, the company were owed £2,422 from KPT Solutions and the company owed £482,869 to KPT Solutions Limited. These balance are included in trade debtors and trade creditors. (2024 - there were no balances). All sales and purchases between Lesterose Builders Limited and its related parties throughout the year were carried out on an arm's length basis at the standard market rate.

26. Parent company

The company's parent undertaking is Lesterose Holdings Limited

27. Ultimate parent company

The company's ultimate parent undertaking is Multi Services Holdings Limited. It has included the company in its consolidated financial statements, copies of which are available from its registered office: Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.