REGISTERED NUMBER: 06737607 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 March 2025

for

Chiltern Contracts Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

C Ryan

I D Apetrei

REGISTERED OFFICE:

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

REGISTERED NUMBER:

06737607 (England and Wales)

AUDITORS:

Granite Morgan Smith Limited

Chartered Certified Accountants and

Statutory Auditors

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

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

REVIEW OF BUSINESS

The companies main financial indicators are revenue, gross profit and profit before tax. Year ended 31 March 2025 saw gross profit increase by 7% and this was due to stronger pricing models and further efficiencies being achieved.

The company maintains a strong balance sheet with net assets of £7.171m at 31 March 2025 (2024 - £5.969m)

PRINCIPAL RISKS AND UNCERTAINTIES

Liquidity risk

The company operates from a net cash positive position. The company has a strong focus on credit account management and maintains a cautious approach to both providing credit to clients and accruing for potential bad debts. The Directors consider the liquidity position of the group to be satisfactory for expected trading

Commercial and pricing risk

The majority of sales are on contract, fixed term pricing and allowances for variations. As such the exposure to pricing risk in a fluid market is relatively low.

FUTURE DEVELOPMENTS

Chiltern Contracts Ltd will continue to invest in systems and automation, as well as staff development. The business will maintain its focus on the construction sector and new premises and showroom will assist in the future growth of the group.

PEOPLE AND COMMUNITY

Staff satisfaction and retention are key to the ongoing success of the company. The company invests in training and

development to upskill staff members and also encourages and supports social interaction in the teams and offices across the company.

ON BEHALF OF THE BOARD:

C Ryan - Director

22 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of supply and installation of natural and engineered stone and porcelain.

DIVIDENDS

An interim dividend of £1,460 per share on the Ordinary Shares £1 shares was paid on 31 March 2025. The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the Ordinary Non Voting A,B.C and D shares £1 shares. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 31 March 2025 will be £ 146,008 .

DIRECTORS

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

C Ryan

I D Apetrei

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Granite Morgan Smith Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C Ryan - Director

22 December 2025

Opinion

We have audited the financial statements of Chiltern Contracts Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

The following laws and regulations were identified as being of significance to the entity:

- Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and legislation, and distributable profits legislation.

- Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include environmental regulations, health and safety legislation.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Other matters which we are required to address

The previous period financial statements were unaudited, however, we have obtained sufficient appropriate audit evidence that the opening balances do not contain misstatements that materially affect the current periods financial statements.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Vincent Mark Mellett FCCA (Senior Statutory Auditor)

for and on behalf of Granite Morgan Smith Limited

Chartered Certified Accountants and

Statutory Auditors

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

22 December 2025

TURNOVER

3

13,447,804

12,630,393

Cost of sales

(10,025,495

)

(10,350,299

)

GROSS PROFIT

3,422,309

2,280,094

Distribution costs

(1,768

)

(9,376

)

Administrative expenses

(1,701,904

)

(1,279,267

)

OPERATING PROFIT

5

1,718,637

991,451

Interest receivable and similar income

79,916

69,951

1,798,553

1,061,402

Interest payable and similar expenses

6

(1,244

)

(540

)

PROFIT BEFORE TAXATION

1,797,309

1,060,862

Tax on profit

7

(449,328

)

(245,991

)

PROFIT FOR THE FINANCIAL YEAR

1,347,981

814,871

PROFIT FOR THE YEAR

1,347,981

814,871

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,347,981

814,871

FIXED ASSETS

Tangible assets

9

30,324

39,638

CURRENT ASSETS

Stocks

10

11,957

11,000

Debtors

11

3,687,086

3,838,770

Cash at bank

5,546,266

4,514,749

9,245,309

8,364,519

CREDITORS

Amounts falling due within one year

12

2,092,809

2,415,629

NET CURRENT ASSETS

7,152,500

5,948,890

TOTAL ASSETS LESS CURRENT LIABILITIES

7,182,824

5,988,528

CREDITORS

Amounts falling due after more than one year

13

(3,879

)

(9,228

)

PROVISIONS FOR LIABILITIES

15

(7,581

)

(9,909

)

NET ASSETS

7,171,364

5,969,391

CAPITAL AND RESERVES

Called up share capital

16

104

104

Retained earnings

17

7,171,260

5,969,287

SHAREHOLDERS' FUNDS

7,171,364

5,969,391

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

C Ryan - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

104

5,232,331

5,232,435

Changes in equity

Dividends

-

(77,915

)

(77,915

)

Total comprehensive income

-

814,871

814,871

Balance at 31 March 2024

104

5,969,287

5,969,391

Changes in equity

Dividends

-

(146,008

)

(146,008

)

Total comprehensive income

-

1,347,981

1,347,981

Balance at 31 March 2025

104

7,171,260

7,171,364

1.	STATUTORY INFORMATION

Chiltern Contracts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 33.7.

The consolidated financial statements of the parent company, Chiltern Marble Group Limited, can be obtained from The Register of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ,

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying

amount of assets and liabilities are as follows.

Depreciation

The annual depreciation charge for the tangible assets is sensitive to changes in the estimated useful economic lives and residual value of the assets. The useful economic lives and residual value are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of assets.

Impairment of stock

The provision of stock is made based on the age of the stock and saleability.

Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating if the debtor, the ageing profile of debtors and historical experience.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts

Where the outcome of a long term contract can be estimated reliably, revenue and costs are recognised by

reference to the stage of completion. This is measured by the proportion that contract labour incurred to date

bear to the estimated total contract labour.

Where the outcome of a long term contract cannot be estimated reliably, contract revenue is recognised to the extent of contract labour incurred that it is probable will be recoverable. Contract labour are recognised as expenses in the period in which they are incurred.

When it is probable that the total contract labour will exceed total contract revenue, the expected loss is

recognised as an expense immediately.

3.

TURNOVER

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

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

31.3.25

31.3.24

£

£

Construction

13,447,804

12,630,393

13,447,804

12,630,393

An analysis of turnover by geographical market is given below:

31.3.25

31.3.24

£

£

United Kingdom

13,447,804

12,630,393

13,447,804

12,630,393

4.	EMPLOYEES AND DIRECTORS

31.3.25

31.3.24

£

£

Wages and salaries

586,670

491,857

Social security costs

41,255

40,842

Other pension costs

8,315

7,921

636,240

540,620

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

31.3.25

31.3.24

Directors

2

1

Construction/Admin

9

11

11

12

31.3.25

31.3.24

£

£

Directors' remuneration

24,000

24,000

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

Money purchase schemes

2

2

5.	OPERATING PROFIT

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

31.3.25

31.3.24

£

£

Depreciation - owned assets

7,932

8,287

Depreciation - assets on hire purchase contracts

4,815

2,188

Profit on disposal of fixed assets

-

(3,503

)

Auditors' remuneration

9,000

-

Foreign exchange differences

(480

)

1,089

Other operating leases

88,476

88,476

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.25

31.3.24

£

£

HP interest

1,244

540

7.

TAXATION

Analysis of the tax charge

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

31.3.25

31.3.24

£

£

Current tax:

UK corporation tax

451,656

282,430

Under/Over Provision for Tax

-

(43,992

)

Total current tax

451,656

238,438

Deferred tax

(2,328

)

7,553

Tax on profit

449,328

245,991

8.

DIVIDENDS

31.3.25

31.3.24

£

£

Ordinary Shares shares of £1 each

Interim

146,008

77,915

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

19,854

12,105

26,262

33,904

92,125

Additions

-

-

-

3,433

3,433

At 31 March 2025

19,854

12,105

26,262

37,337

95,558

DEPRECIATION

At 1 April 2024

18,802

7,100

2,188

24,397

52,487

Charge for year

481

2,913

4,815

4,538

12,747

At 31 March 2025

19,283

10,013

7,003

28,935

65,234

NET BOOK VALUE

At 31 March 2025

571

2,092

19,259

8,402

30,324

At 31 March 2024

1,052

5,005

24,074

9,507

39,638

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

26,262

DEPRECIATION

At 1 April 2024

2,188

Charge for year

4,815

At 31 March 2025

7,003

NET BOOK VALUE

At 31 March 2025

19,259

At 31 March 2024

24,074

10.

STOCKS

31.3.25

31.3.24

£

£

Stocks

11,957

11,000

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

868,032

1,506,951

Other debtors

2,586,773

2,121,773

VAT

196,516

163,611

Prepayments

35,765

46,435

3,687,086

3,838,770

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 14)

5,349

4,786

Trade creditors

539,562

1,072,523

Tax

451,656

282,430

Social security and other taxes

65,218

45,567

Other creditors

394,952

388,316

Directors' current accounts

1

6,525

Accruals and deferred income

636,071

615,482

2,092,809

2,415,629

13.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 14)

3,879

9,228