REGISTERED NUMBER: 11107699 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

John 14.2 Construction Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Dibdin

Mrs C R Barnett

Mrs G Lee

REGISTERED OFFICE:

The Ice House

Victor Street

Grimsby

DN32 7QN

REGISTERED NUMBER:

11107699 (England and Wales)

ACCOUNTANTS:

Xeinadin Audit Limited

8th Floor, Becket House

36 Old Jewry

London

EC2R 8DD

FIXED ASSETS

Tangible assets

4

22,837

27,554

CURRENT ASSETS

Debtors

5

168,336

50,648

Cash at bank

6,724

14,397

175,060

65,045

CREDITORS

Amounts falling due within one year

6

278,634

243,274

NET CURRENT LIABILITIES

(103,574

)

(178,229

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(80,737

)

(150,675

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(80,837

)

(150,775

)

(80,737

)

(150,675

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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:

J Dibdin - Director

1.	STATUTORY INFORMATION

John 14.2 Construction Ltd 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about John 14.2 Construction Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, The Matt 6.3 Charitable Trust, Ice House, Victor Street Grimsby, DN32 7QN.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

62,563

Additions

5,000

Disposals

(5,521

)

At 31 March 2025

62,042

DEPRECIATION

At 1 April 2024

35,009

Charge for year

8,261

Eliminated on disposal

(4,065

)

At 31 March 2025

39,205

NET BOOK VALUE

At 31 March 2025

22,837

At 31 March 2024

27,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

51,198

-

Other debtors

117,138

50,648

168,336

50,648

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

62,768

12,155

Amounts owed to group undertakings

182,039

192,039

Taxation and social security

20,627

26,426

Other creditors

13,200

12,654

278,634

243,274

7.	RELATED PARTY DISCLOSURES

31.3.25

31.3.24

£

£

Amounts owing to related parties

3,866

-

Amounts owing from related parties

10,609

5,480

Sales and other income to related parties

536,836

356,679

Purchases and other expenditure from related parties

281,703

111,929

The related parties are all companies which are under the same common control.

8.	GOING CONCERN

The company is in a profit making position but has a negative balance sheet. The directors feel the use of going concern is still appropriate as the company has the financial support of Immingham Industrial Estates Limited . Immingham Industrial Estates Limited is also a 100% subsidiary of the Matt 6.3 Charitable Trust and is in a strong position to support the company making both good levels of profit and having a healthy balance sheet.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES HOUSE ACT 2006

Disclaimer of opinion

We do not express an opinion on the accompanying financial statements of the company. Because of the significance of the matter described in the basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.

Basis for disclaimer of opinion

We were unable to obtain sufficient appropriate audit evidence in a number of key areas.

The company is a wholly owned trading subsidiary of the Matt 6.3 Charitable Trust (registered charity number 1069985). During the course of our audit of the charity and it's trading subsidiaries we noted significant matters (which included, but were not limited to):

-Lack of internal controls and governance

-Material unauthorised payments to related and connected parties which appear to have no commercial substance

-No recognition or management of conflicts of interest or trustee benefit

Due to the uncertainty regarding the matters above and our inability to determine how these might be we resolved, we concluded that we could not obtain sufficient appropriate audit evidence that there were no material misstatements in the financial statements, arising from either intentional misstatement or error.

Due to the nature of these matters, we were also unable to determine the full value of any adjustments that would have been necessary to the Income Statement, the Balance Sheet or associated disclosures. We have concluded that the possible effects on the financial statements from these matters could be material and pervasive.

We are therefore unable to form an opinion on the financial statements as a whole.

Mark Stothard BA (Hons) FCA (Senior Statuatory Auditor)

for and on behalf of Xeinadin Audit Limited.