Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-302025-06-30244982024-07-01truetruetruetruetruefalsefalsefalseConstruction services10291 02689144 2024-07-01 2025-06-30 02689144 2023-07-01 2024-06-30 02689144 2025-06-30 02689144 2024-06-30 02689144 2023-07-01 02689144 c:CompanySecretary1 2024-07-01 2025-06-30 02689144 c:Director1 2024-07-01 2025-06-30 02689144 c:Director2 2024-07-01 2025-06-30 02689144 c:Director3 2024-07-01 2025-06-30 02689144 c:Director4 2024-07-01 2025-06-30 02689144 c:Director5 2024-07-01 2025-06-30 02689144 c:RegisteredOffice 2024-07-01 2025-06-30 02689144 d:Buildings d:LongLeaseholdAssets 2024-07-01 2025-06-30 02689144 d:Buildings d:LongLeaseholdAssets 2025-06-30 02689144 d:Buildings d:LongLeaseholdAssets 2024-06-30 02689144 d:PlantMachinery 2024-07-01 2025-06-30 02689144 d:PlantMachinery 2025-06-30 02689144 d:PlantMachinery 2024-06-30 02689144 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 02689144 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 02689144 d:MotorVehicles 2024-07-01 2025-06-30 02689144 d:MotorVehicles 2025-06-30 02689144 d:MotorVehicles 2024-06-30 02689144 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 02689144 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 02689144 d:FurnitureFittings 2024-07-01 2025-06-30 02689144 d:FurnitureFittings 2025-06-30 02689144 d:FurnitureFittings 2024-06-30 02689144 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 02689144 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 02689144 d:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 02689144 d:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 02689144 d:CurrentFinancialInstruments 2025-06-30 02689144 d:CurrentFinancialInstruments 2024-06-30 02689144 d:Non-currentFinancialInstruments 2025-06-30 02689144 d:Non-currentFinancialInstruments 2024-06-30 02689144 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 02689144 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02689144 d:Non-currentFinancialInstruments d:AfterOneYear 2025-06-30 02689144 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02689144 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-06-30 02689144 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 02689144 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-06-30 02689144 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 02689144 d:ReportableOperatingSegment1 2024-07-01 2025-06-30 02689144 d:ReportableOperatingSegment1 2023-07-01 2024-06-30 02689144 d:ReportableOperatingSegment2 2024-07-01 2025-06-30 02689144 d:ReportableOperatingSegment2 2023-07-01 2024-06-30 02689144 d:UKTax 2024-07-01 2025-06-30 02689144 d:UKTax 2023-07-01 2024-06-30 02689144 d:ShareCapital 2025-06-30 02689144 d:ShareCapital 2024-06-30 02689144 d:ShareCapital 2023-07-01 02689144 d:CapitalRedemptionReserve 2024-07-01 2025-06-30 02689144 d:CapitalRedemptionReserve 2025-06-30 02689144 d:CapitalRedemptionReserve 2024-06-30 02689144 d:CapitalRedemptionReserve 2023-07-01 02689144 d:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 02689144 d:RetainedEarningsAccumulatedLosses 2025-06-30 02689144 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 02689144 d:RetainedEarningsAccumulatedLosses 2024-06-30 02689144 d:RetainedEarningsAccumulatedLosses 2023-07-01 02689144 d:AcceleratedTaxDepreciationDeferredTax 2025-06-30 02689144 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 02689144 c:OrdinaryShareClass1 2024-07-01 2025-06-30 02689144 c:OrdinaryShareClass1 2025-06-30 02689144 c:OrdinaryShareClass1 2024-06-30 02689144 c:FRS102 2024-07-01 2025-06-30 02689144 c:Audited 2024-07-01 2025-06-30 02689144 c:FullAccounts 2024-07-01 2025-06-30 02689144 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 02689144 d:WithinOneYear 2025-06-30 02689144 d:WithinOneYear 2024-06-30 02689144 d:HirePurchaseContracts d:WithinOneYear 2025-06-30 02689144 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 02689144 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-06-30 02689144 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 02689144 2 2024-07-01 2025-06-30 02689144 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-06-30 02689144 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-30 02689144 e:PoundSterling 2024-07-01 2025-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02689144









LOPPINGDALE PLANT LIMITED









ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

 
LOPPINGDALE PLANT LIMITED
 
 
COMPANY INFORMATION


Directors
E B Corr 
R L Corr 
K J Fitzgerald 
C S Kirk 
L Reay 




Company secretary
R L Corr



Registered number
02689144



Registered office
Loppingdales
Gaunts End

Elsenham

Essex

CM22 6DR




Independent auditors
Barnes Roffe Audit Limited
Chartered Accountants & Statutory Auditor

Leytonstone House

3 Hanbury Drive

London

E11 1GA





 
LOPPINGDALE PLANT LIMITED
 

CONTENTS



Page
Strategic report
 
 
1 - 3
Directors' report
 
 
4 - 5
Independent auditors' report
 
 
6 - 9
Statement of comprehensive income
 
 
10
Balance sheet
 
 
11
Statement of changes in equity
 
 
12
Notes to the financial statements
 
 
13 - 29


 
LOPPINGDALE PLANT LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2025

Introduction
 
The principal business activities are groundwork and civil engineering and design, maintenance and fit out operations.

During the year we have continued to strengthen our position as a resilient and forward-looking business. We are continuing to invest in measures to support our operations and our long-term sustainable commitments. Including commitments to both our social, environmental and governance responsibilities.

Operations

Groundwork & Civil Engineering

The civils operation successfully finalised several major contracts in the last quarter of the year.  Their new projects had some start date delays which influenced the last quarter performance.

The delayed projects commenced in July and August, and the operation has a good workload going forward.

There was continued plant investment across the year leading to reduced cost levels which contributed to the operations results.

During the year the operation successfully completed works on hospitals, business parks and schools and has major ongoing work for other schools and academies in 25/26.

Design & Build, Fitout & Facility Management
 
The year to date has been active and demanding for this division of the business. There has been a lot of focus on delivering projects in the aviation sector, which has involved supporting our core customers in a diverse range of projects, ranging from large multi-phased schemes to one-off developments and ongoing periodic fabric and infrastructure renewal upgrades. We have also sought to expand our service offer to new customers, both within the aviation setting and more broadly within Healthcare and the Guilds of London, with a specific focus on schools and education.

The scale and complexity of the work we have delivered in the previous 12 months has demonstrated the depth, capability and adaptability of our teams, and reinforced the benefits of our service offer - particularly in controlled and highly regulated environments. These attributes and skills will provide a valuable platform from which we seek to support our customers in major capital programmes in the year ahead, and more widely where our approach and skills are transferable - such as health and education, where we have secured opportunities to expand and diversify.

The operation will continue to be run from our head office facility, but we recognise the need to support our customers more locally, and we have recently secured a permanent location from which our Manchester team will operate.

The current workload within this division of the Company is secured for the next 18 months.

Page 1

 
LOPPINGDALE PLANT LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025

Key Performance Indicators

2025
2024

Liquidity ratio

1.4

1.4
 
Net Assets

£6.8m

£5.6m
 

Environmental, & Social Responsibilities

Environmental

As in previous years the operation continues to invest with Corr Plant to ensure the civils operations have modern fuel-efficient plant to the levels to fulfil the expectations of our main contractors on the Civil side, which has been an integral part of our strategy for the business for several years.

During 24/25 our Carbon Management Plan was successfully validated by the Science Based Targets Initiative, so we can ensure our carbon reporting framework going forward will remain realistic and achievable. 

We are continuing to embed circular construction principles across the operations with increasing emphasis on material reuse, waste minimisation and low impact construction methods, many of these with the support of the Corr Plant operation.

Social

As a locally rooted SME we remain committed to social responsibility and supporting the communities in which we operate. We continue to strengthen our local supply chain, prioritising regional procurement. Across the year, we have contributed to local employment, supported charitable initiatives and encouraged staff participation in community programmes.

Principal risks and uncertainties
 
The major risk as with all construction operations continues to be the current political uncertainty and the potential impact on construction project timings and costs for the future years.

This has caused several UK construction projects to be delayed with the risk this may continue into 25/26, although most of the delayed order book, within our operations have now commenced it is still considered a potential risk going forward.

The availability of both skilled and unskilled employees has continued to be challenging within the operations, in particular the skill set required to work in a regulated environment. This alongside the increasing cost of the labour are challenging with future workload.

Company Accreditations
 
The company has invested further in the compliance department who have focused on maintaining or adding to our certifications and developing our management systems and extending our training programmes

ISO45001:2018 Health and Safety
ISO9001:  2018 Quality
Achilles UVDB
Chas Elite
Safe contractor
Constructionline Gold
Eco Vadis

Page 2

 
LOPPINGDALE PLANT LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025

Future Developments
 
We are continuing to extend our employee development programmes including targeted training on environmental responsibilities, and sustainable construction practices to ensure LPL continue to move to the forefront of responsible, modern construction delivery. 

The company has placed orders in 24/25 to expand the low carbon fleet through investment in electric and hybrid vehicles strengthening our ability to reduce operational emissions which will be brought into operation 25/26.
The civils operation in 25/26 the operation has commenced the delayed projects and is looking at an order book of £21 million for the year ahead.

The Maintenance and Fit-out operation are gearing for their involvement in the Stansted airport expansion plan going forward for the next 2/3 years.


This report was approved by the board on 11 December 2025 and signed on its behalf.



R L Corr
Director

Page 3

 
LOPPINGDALE PLANT LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025

The directors present their report and the financial statements for the year ended 30 June 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), 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 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 for the Company's financial statements 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 to enable them to ensure that the financial statements comply with the Companies Act 2006They 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.

Results and dividends

The profit for the year, after taxation, amounted to £2,109,228 (2024 - £1,520,779).

Dividends paid during the year totalled £830,000 (2024 - £750,000). The directors do not propose a final dividend.

Directors

The directors who served during the year were:

E B Corr 
R L Corr 
K J Fitzgerald 
C S Kirk 
L Reay 

Page 4

 
LOPPINGDALE PLANT LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

Before the year end Barnes Roffe LLP resigned as auditors due to the transfer of its audit business and its successor Barnes Roffe Audit Limited was appointed by the directors under s485 Companies Act 2006.

This report was approved by the board on 11 December 2025 and signed on its behalf.
 





R L Corr
Director

Page 5

 
LOPPINGDALE PLANT LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LOPPINGDALE PLANT LIMITED
 

Opinion


We have audited the financial statements of Loppingdale Plant Limited (the 'Company') for the year ended 30 June 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe 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 30 June 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 United Kingdom, including the Financial Reporting Council'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.


Page 6

 
LOPPINGDALE PLANT LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LOPPINGDALE PLANT LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and  our Auditors' report thereon.  The directors are responsible for the other information contained within the Annual Report.  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. 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 course of 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.


Opinion 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 set out on page 4, 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.


Page 7

 
LOPPINGDALE PLANT LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LOPPINGDALE PLANT LIMITED (CONTINUED)


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 an Auditors' 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 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 relevant 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 the Companies Act 2006 and ISO standards;

We assessed the extent of compliance with laws and regulations identified above through making enquires 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 enquires of management as to where they considered there was susceptibility to fraud, their knowledge of actual suspected and alleged fraud; and
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 and 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; and

Investigated the rationale behind significant or unusual transactions.

There are inherent limitations in our audit procedures described above. The more removed that laws and
Page 8

 
LOPPINGDALE PLANT LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LOPPINGDALE PLANT LIMITED (CONTINUED)


regulations are from financial statements, the less likely it is that we would become aware of non-compliance. 

Auditing standards also limit the audit procedures 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 that those that arise from errors as they
may involve deliberate concealment or 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 Auditors' 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 2006Our 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 Auditors' 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.





Simon Liggins (Senior statutory auditor)
for and on behalf of
Barnes Roffe Audit Limited
Chartered Accountants
Statutory Auditor
Leytonstone House
3 Hanbury Drive
London
E11 1GA

 
Date: 
17 December 2025
Page 9

 
LOPPINGDALE PLANT LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2025

2025
2024
Note
£
£

  

Turnover
 4 
39,852,134
31,468,572

Cost of sales
  
(33,782,763)
(26,716,520)

Gross profit
  
6,069,371
4,752,052

Administrative expenses
  
(3,341,740)
(2,730,688)

Operating profit
 5 
2,727,631
2,021,364

Income from fixed assets investments
  
19
18

Interest receivable and similar income
 10 
189,416
48,662

Interest payable and similar expenses
 11 
(87,460)
(39,642)

Profit before tax
  
2,829,606
2,030,402

Tax on profit
 12 
(720,378)
(509,623)

Profit for the financial year
  
2,109,228
1,520,779

Other comprehensive income for the year
  

Total comprehensive income for the year
  
2,109,228
1,520,779

The notes on pages 13 to 29 form part of these financial statements.

Page 10

 
LOPPINGDALE PLANT LIMITED
REGISTERED NUMBER: 02689144

BALANCE SHEET
AS AT 30 JUNE 2025

2025
2024
     Note
£
£

Fixed assets
  

Tangible assets
 14 
1,422,807
1,395,267

Current assets
  

Stocks
 15 
361,005
989,471

Debtors
 16 
12,337,772
10,807,535

Cash at bank and in hand
 17 
5,967,115
3,027,100

  
18,665,892
14,824,106

Creditors: amounts falling due within one year
 18 
(12,915,133)
(10,297,840)

Net current assets
  
 
 
5,750,759
 
 
4,526,266

Total assets less current liabilities
  
7,173,566
5,921,533

Creditors: amounts falling due after more than one year
 19 
(218,275)
(316,472)

Provisions for liabilities
  

Deferred tax
 22 
(121,091)
(50,089)

Net assets
  
6,834,200
5,554,972


Capital and reserves
  

Called up share capital 
 23 
25
25

Capital redemption reserve
 24 
75
75

Profit and loss account
 24 
6,834,100
5,554,872

  
6,834,200
5,554,972


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 December 2025.




R L Corr
Director

The notes on pages 13 to 29 form part of these financial statements.

Page 11

 
LOPPINGDALE PLANT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 July 2023
25
75
4,784,093
4,784,193



Profit for the year
-
-
1,520,779
1,520,779

Dividends: Equity capital
-
-
(750,000)
(750,000)



At 1 July 2024
25
75
5,554,872
5,554,972



Profit for the year
-
-
2,109,228
2,109,228

Dividends: Equity capital
-
-
(830,000)
(830,000)


At 30 June 2025
25
75
6,834,100
6,834,200


The notes on pages 13 to 29 form part of these financial statements.

Page 12

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

1.


General information

Loppingdale Plant Limited  is a private company limited by shares and incorporated in England & Wales.

The registered number is 02689144 and the registered office is Loppingdales, Gaunts End, Elsenham, Essex, CM22 6DR.

The principal activity of the company in the period under review was that of groundwork, civil engineering, design maintenance and fit out operations.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of DTD Holdings Ltd as at 30 June 2025 and these financial statements may be obtained from Companies House.

 
2.3

Going concern

The directors have reviewed the adoption of the going concern basis in the preparation of the accounts.

This has involved reviewing realistic and pessimistic scenarios for the company profitability and liquidity. 

In view of the Company’s reserves position and in light of these forecasts the directors are therefore confident the company can continue in the most pessimistic scenario and it is appropriate to prepare the accounts on the going concern basis.

Page 13

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
2.4

Revenue

Revenue represents net invoiced provision of services excluding value added tax but adjusted in respect of long term contracts according to the stage of completion of the contract.

Long term contracts and work in progress

Long term contracts are assessed on a contract by contract basis based on work certified and expected contract profitability. Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract at the balance sheet date. Where the outcome of a contract cannot be estimated reliably, revenue is only recognised to the extent that it is probable that it will be recoverable.

Profit is only recognised on a construction contract when the final outcome can be assessed with reasonable certainty. Where the actual and estimated costs to completion exceed the estimated turnover for a contract, the full contract life loss is recognised immediately.

Work in progress is valued at the lower of cost and estimated revenue less costs to complete.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Interest income

Interest income is recognised in profit or loss.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 14

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following annual basis:

Long-term leasehold property
-
2% on cost and 10% on cost
Plant and machinery
-
16.6% to 33.3% on cost
Motor vehicles/Vans
-
16.6% to 20% on cost
Fixtures, fittings and computer equipment
-
33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 15

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.15

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the tear that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 16

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
2.16

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

 
2.17

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.

Page 17

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the preparation of the financial statements management makes certain judgements and estimates that impact the financial statements. Whilst these judgements are continually reviewed the facts and circumstances underlying these judgements may change resulting in a change to the estimates that could impact on the results of the company.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Revenue recognition and profits on long term contracts
The estimation technique used by the company in attributing profit on contracts to a particular accounting period is the preparation of forecasts on a contract by contract basis.These forecasts predict the most likely outcome of each contract based on a number of factors including technical and contractual requirements, progress to date, previous experience of similar projects, form of contract and of working with that particular client. The outcome, and therefore appropriate level of revenue to be recognised is therefore subject to a significant number of inter-related factors. Consistent contract review procedures are in place in respect of contract forecasting.

Carrying value of trade debtors, amounts recoverable on contracts and other receivables
The company makes an estimate of the recoverable value of trade debtors, amounts recoverable on contracts and other receivables. When assessing impairment of trade debtors, amounts recoverable on contracts and other receivables, management considers factors including the current credit rating of the trade debtors, the ageing profile of the trade debtors and historical experience. Allowance for doubtful debt and provisions against amounts due on construction contracts are made on a specific basis, based on estimates of irrecoverability determined by market knowledge and past experience.


4.


Turnover

An analysis of turnover by class of business is as follows:


2025
2024
£
£

Groundworks and civil engineering contracts
9,996,688
14,192,638

Other
29,855,446
17,275,934

39,852,134
31,468,572


All turnover arose within the United Kingdom.

Page 18

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

5.


Operating profit

The operating profit is stated after charging:

2025
2024
£
£

Hire of plant and machinery
2,260,947
2,025,600

Depreciation
365,491
332,211

Profit on disposal of fixed assets
(23,350)
(41,896)

Auditors remuneration
39,471
35,500


6.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2025
2024
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
25,000
25,000

Other accountancy fees
14,471
10,500

Page 19

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

7.


Employees

Staff costs, including directors' remuneration, were as follows:


2025
2024
£
£

Wages and salaries
6,377,851
5,824,606

Social security costs
723,944
625,262

Cost of defined contribution scheme
130,409
119,412

7,232,204
6,569,280


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Operations
58
52



Operational support
27
20



Admin
12
14



Directors
5
5

102
91


8.


Directors' remuneration

2025
2024
£
£

Directors' emoluments
642,228
575,345

Company contributions to defined contribution pension schemes
23,034
18,458

665,262
593,803


During the year retirement benefits were accruing to 5 directors (2024 - 5) in respect of defined contribution pension schemes.

The highest paid director received remuneration of £224,908 (2024 - £217,358).

The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £1,321 (2024 - £1,321).

Page 20

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

9.


Income from investments

2025
2024
£
£



Income from current asset investments
(19)
(18)





10.


Interest receivable

2025
2024
£
£


Other interest receivable
189,416
48,662


11.


Interest payable and similar expenses

2025
2024
£
£


Bank interest payable
39,473
22,457

Finance leases and hire purchase contracts
34,909
15,917

Other interest payable
13,078
1,268

87,460
39,642

Page 21

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

12.


Taxation


2025
2024
£
£

Corporation tax


Current tax on profits for the year
711,293
531,837

Adjustments in respect of previous periods
(61,917)
18,934


649,376
550,771


Total current tax
649,376
550,771

Deferred tax


Origination and reversal of timing differences
71,002
(41,148)

Total deferred tax
71,002
(41,148)


720,378
509,623

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


Profit on ordinary activities before tax
2,829,606
2,030,402


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
710,672
507,601

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
3,417
18,112

Capital allowances for year in excess of depreciation
5,313
(43,614)

Other differences leading to an increase (decrease) in the tax charge
976
27,524

Total tax charge for the year
720,378
509,623


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 22

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

13.


Dividends

2025
2024
£
£


Dividends
830,000
750,000

Page 23

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

14.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures, fittings and computer equipment
Total

  £
£
£
£
£



Cost 


At 1 July 2024
482,831
449,796
1,940,260
94,652
2,967,539


Additions
-
186,961
242,471
-
429,432


Disposals
-
(41,145)
(167,704)
-
(208,849)



At 30 June 2025

482,831
595,612
2,015,027
94,652
3,188,122



Depreciation


At 1 July 2024
109,148
355,908
1,018,426
88,790
1,572,272


Charge for the year on owned assets
24,498
71,174
115,408
1,575
212,655


Charge for the year on financed assets
-
-
152,837
-
152,837


Disposals
-
(41,145)
(131,304)
-
(172,449)



At 30 June 2025

133,646
385,937
1,155,367
90,365
1,765,315



Net book value



At 30 June 2025
349,185
209,675
859,660
4,287
1,422,807



At 30 June 2024
373,683
93,888
921,834
5,862
1,395,267

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2025
2024
£
£



Motor vehicles
573,957
410,243

Page 24

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

15.


Stocks

2025
2024
£
£

Work in progress
361,005
989,471



16.


Debtors

2025
2024
£
£

Due after more than one year

Amounts recoverable on long term contracts
860,874
953,528

Due within one year

Trade debtors
3,349,738
1,779,731

Amounts due by group undertakings
4,130,483
3,741,890

Other debtors
12,264
45,420

Amounts recoverable on long term contracts
3,984,413
4,286,966

12,337,772
10,807,535



17.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
5,967,115
3,027,100


Page 25

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

18.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
-
142,745

Trade creditors
2,830,905
1,912,761

Amounts owed to group undertakings
2,655
1,209,070

Corporation tax
351,230
532,205

Other taxation and social security
1,185,824
198,624

Obligations under finance lease and hire purchase contracts
209,612
138,587

Other creditors
1,489,913
1,678,888

Accruals and deferred income
6,844,994
4,484,960

12,915,133
10,297,840


Obligations under finance lease and hire purchase contracts of £427,887 (2024 - £295,264) are secured on the assets that they relate to.

Bank loans are secured by a debenture and cross guarantee. 


19.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
-
159,795

Net obligations under finance leases and hire purchase contracts
218,275
156,677

218,275
316,472


Page 26

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

20.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
-
142,745

Amounts falling due 1-2 years

Bank loans
-
142,745

Amounts falling due 2-5 years

Bank loans
-
17,050


-
302,540



21.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2025
2024
£
£


Within one year
209,612
138,587

Between 1-5 years
218,275
156,677

427,887
295,264

Page 27

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

22.


Deferred taxation




2025
2024


£

£






At beginning of year
(50,089)
(91,237)


Charged to profit or loss
(71,002)
41,148



At end of year
(121,091)
(50,089)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(121,091)
(50,089)


23.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



25 (2024 - 25) Ordinary shares of £1.00 each
25
25



24.


Reserves

Capital redemption reserve

This reserve represents the nominal value of shares repurchased by the company.

Profit and loss account

Profit and loss account reserve relates to accumulated profits less distributions to shareholders.


25.


Pension commitments

The company provides pensions to directors through money purchase pension schemes and a workplace scheme is available to all employees. The pension charge for the year was £130,409 (2024 - £119,412). At the end of the year the company owed pension schemes £35,331 (2024 - £30,207).

Page 28

 
LOPPINGDALE PLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

26.


Commitments under operating leases

At 30 June 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
-
2,074

-
2,074


27.


Related party transactions

The Company has taken advantage of the exemption, under FRS 102 paragraph 1.12 and paragraph 33.1A from from disclosing other related party transactions as they are with other companies that are wholly owned within the Group.

At the year end, E B Corr was owed £1,241,832 by the company
 (2024 - £1,265,433).


28.


Controlling party and parent undertaking

The company is a subsidiary of DTD Holdings Ltd. The company's controlling party is E B Corr. 
 
Page 29