Faithdean Holdings Limited

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Statement of Cash Flows	11
Notes to the Statement of Cash Flows	12
Notes to the Financial Statements	13—18

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

Review of the Business

Faithdean Holdings Limited does not trade in its own right, it being a holding company for the companies within the Faithdean Group. The principle activities of the companies were those of building contractrors, specialising in the refurbishmnet and structural alteration of commerical property, high end residential refurbishment, house builders and developers of residential property.

During the year the company received dividends of £1,160,000, and management charges of £150,000 from its subsidiaries. Dividends of £1,000,000 were returned to its members. The resulting year end balance sheet value now stands at £10,618,833.

Group turnover in the period was £127,468,148 of which £103,540,568 was generated by Faithdean Plc, group profits before tax were £1,903,487 with £1,539,406 generated by Faithdean Plc. Faithdean Plc are expecting similar turnover and profits in the current year.

The turnover of Broadland Construction Limited increased from £6,317,587 to £6,722,388. The profits before tax for the year were £358,042, whereas in 2023 they were £492,364. The high end London property market is currently subdued, with turnover and profitability for the current year expected to be reduced.

At Castlethorpe Homes Limited the last unit at Bramley was sold along with the refurbished property in Malvern, sadly none of the units at three other sites were sold in the period, resulting in a loss of £626,641 for the year and the balance sheet now showing a deficit of £1,626,695. It is anticipated that the fourteen units at the three new sites will be completed in the current year, resulting in a profit to March 2025. Planning has now been secured on a further two sites.

At Warwick House (Redhill) Developments Limited the freehold remained unsold during the year, but was disposed of in June 2024, once any remaining funds have been distributed the company will be dormant.

Principal Risks and Uncertainties

The prevailing risks throughout the group are those of the general economic climate, including interest rates, and the effects of this on the property market in London and the South East, together with the ongoing uncertainty of costs of both materials and labour in the construction industry.

By order of the board

Mr S J Hocking

Company Secretary

17th December 2025

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Faithdean Holdings Limited

Company No. 12221767

Directors' Report For The Year Ended 31 March 2025

Directors' Report

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

Dividends

The value of dividends paid amounted to £1,000,000 .

The directors recommended a final dividend of £NIL .

Directors

The directors who held office during the year were as follows:

Mr D M South

Mr A S Groves

Mr A R Fraser

Mr C D South

Statement of Directors' Responsibilities

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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the 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;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

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

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Faithdean Holdings Limited

Directors' Report (continued)

For The Year Ended 31 March 2025

Independent Auditors

The auditors, Stephen Hill Partnership (Holdings) Ltd , have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

By order of the board

Mr S J Hocking

Company Secretary

17th December 2025

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Independent Auditor's Report

to the Members of

Faithdean Holdings Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Faithdean Holdings Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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/(loss) 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 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 entity's ability to continue as a going concern for a period of at least 12 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 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 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. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Faithdean Holdings Limited

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 or 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 2—3, 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 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:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following.

- The nature of the industry and sector, control environment and business performance.

- Results of our enquiries of management about there own identification and assessment of the risks of irregularities.

- Any matters we identified having obtained and reviewed the companies documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance.

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud.

- the internal controls established to mitigate risks of fraud or 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.

- assess whether judgement and assumptions made in determining the accounting estimates were indicative of potential bias.

investigate the rational behind significant or unusual transactions.

- In response to the risks of irregularities and non-compliance with laws and regulations, we designed procedures which include, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation.

- enquiring of management as to actual and potential litigation and claims.

- reviewing correspondence with HMRC, relevant regulators.

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 misstatement 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 for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Faithdean Holdings Limited

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 that 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.

Mr L A Clifton (Senior Statutory Auditor)

for and on behalf of Stephen Hill Partnership (Holdings) Ltd , Statutory Auditor

17th December 2025

Stephen Hill Partnership (Holdings) Ltd

Registered Auditors

139-141 Watling Street

Gillingham

Kent

ME7 2YY

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Faithdean Holdings Limited

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
Administrative expenses		(1,529,279 )	(11,909 )
Other operating income		100,000	150,000

OPERATING (LOSS)/PROFIT		(1,429,279 )	138,091
Income from Shares in group undertakings		1,080,000	1,160,000
Interest payable and similar charges	9	(734 )	(1,913 )

(LOSS)/PROFIT BEFORE TAXATION		(350,013 )	1,296,178
Tax on (Loss)/profit	10	-	(34,045 )

(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR		(350,013 )	1,262,133

The notes on pages 12 to 18 form part of these financial statements.

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Faithdean Holdings Limited

Statement of Comprehensive Income

For The Year Ended 31 March 2025

Statement of Comprehensive Income

	2025	2024
	£	£
LOSS FOR THE FINANCIAL YEAR	(350,013 )	1,262,133
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	(350,013 )	1,262,133

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Faithdean Holdings Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 12221767

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	11		3,280,000		3,280,000
Investment Properties	12		2,520,000		2,520,000
Investments	13		1,152,951		1,152,951

			6,952,951		6,952,951
CURRENT ASSETS
Debtors	14	8,491,557		10,620,317
Cash at bank and in hand		392,377		131,474

		8,883,934		10,751,791
Creditors: Amounts Falling Due Within One Year	15	(6,287,413 )		(6,805,257 )

NET CURRENT ASSETS (LIABILITIES)			2,596,521		3,946,534

TOTAL ASSETS LESS CURRENT LIABILITIES			9,549,472		10,899,485

PROVISIONS FOR LIABILITIES
Deferred Taxation	16		(280,650 )		(280,650 )

NET ASSETS			9,268,822		10,618,835

CAPITAL AND RESERVES
Called up share capital	18		187,500		187,500
Share premium account			22,926		22,926
Fair value reserve			1,122,601		1,122,601
Profit and Loss Account			7,935,795		9,285,808

SHAREHOLDERS' FUNDS			9,268,822		10,618,835

On behalf of the board

Mr D M South

Director

17th December 2025

The notes on pages 12 to 18 form part of these financial statements.

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Faithdean Holdings Limited

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Share Premium	Fair value reserve	Profit and Loss Account	Total
	£	£	£	£	£
As at 1 April 2023	187,500	22,926	1,122,601	9,023,675	10,356,702
Profit for the year and total comprehensive income	-	-	-	1,262,133	1,262,133

Dividends paid	-	-	-	(1,000,000)	(1,000,000)

As at 31 March 2024 and 1 April 2024	187,500	22,926	1,122,601	9,285,808	10,618,835


Loss for the year and total comprehensive income	-	-	-	(350,013 )	(350,013)

Dividends paid	-	-	-	(1,000,000)	(1,000,000)

As at 31 March 2025	187,500	22,926	1,122,601	7,935,795	9,268,822

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Faithdean Holdings Limited

Statement of Cash Flows

For The Year Ended 31 March 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from/(used in) operations	1	215,682	(367,291 )
Interest paid		(734 )	(1,913 )
Tax paid		(34,045 )	(20,706 )

Net cash generated from/(used in) operating activities		180,903	(389,910 )

Cash flows from investing activities
Dividends received		1,080,000	1,160,000

Cash flows from financing activities
Equity dividends paid		(1,000,000 )	(1,000,000 )



Increase/(decrease) in cash and cash equivalents		260,903	(229,910 )
Cash and cash equivalents at beginning of year	2	131,474	361,384

Cash and cash equivalents at end of year	2	392,377	131,474

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Faithdean Holdings Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 March 2025

Notes to the Statement of Cash Flows

1. Reconciliation of (loss)/profit for the financial year to cash generated from/(used in) operations

	2025	2024
	£	£
(Loss)/profit for the financial year	(350,013 )	1,262,133
Adjustments for:
Tax on (loss)/profit	-	34,045
Interest expense	734	1,913
Income from shares in group undertakings	(1,080,000)	(1,160,000)
Movements in working capital:
Decrease/(increase) in trade and other debtors	2,128,760	(1,398,674 )
(Decrease)/increase in trade and other creditors	(483,799 )	893,292

Net cash generated from/(used in) operations	215,682	(367,291 )

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	392,377	131,474

3. Analysis of changes in net funds

	As at 1 April 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	131,474	260,903	392,377

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Faithdean Holdings Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Faithdean Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12221767 . The registered office is Unit 12 The Oaks Revenge Road, Lordswood, Chatham, Kent, ME5 8LF.

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

The company's principal activity continues to be that of a holding company.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and 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 statments have been prepared under the historical cost convention as modified by the revaluation of certain assets.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

Not provided

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.5. Financial Instruments

The company only enters into basic financial instruments traqnsactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans to related parties.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Faithdean Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Debtors

Short term debtors are measured at transaction price, less any impairment.

2.8. Creditors

Short term creditors are measured at the transaction price.

3. Other Operating Income

	2025	2024
	£	£
Other operating income	100,000	150,000

	100,000	150,000

4. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	13,639	11,689

5. Staff Costs

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

	2025	2024
	£	£
Wages and salaries	1,200,000	-
Social security costs	165,600	-

	1,365,600	-

6. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: NIL)

7. Directors' remuneration

	2025	2024
	£	£
Emoluments	1,200,000	-

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	300,000	-

8. Interest Receivable and Similar Income

	2025	2024
	£	£
Dividends from shares in subsidiaries	1,080,000	1,160,000

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Faithdean Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	734	341
Other finance charges	-	1,572

	734	1,913

10. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the (loss)/profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	-	1.0%	-	34,045


Total tax charge for the period			-	34,045


The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the (loss)/profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			(350,013)	1,296,178

Tax on profit at 25% (UK standard rate)			(41,103 )	34,405
Tax losses utilised			41,103	-

Total tax charge for the period			-	34,405

11. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2024	3,280,000

As at 31 March 2025	3,280,000

Net Book Value
As at 31 March 2025	3,280,000

As at 1 April 2024	3,280,000

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Faithdean Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Cost or valuation as at 31 March 2025 represented by:

	Land & Property
	Freehold
	£
At cost	2,157,399
At valuation	1,122,601

	3,280,000

The Gleaming Wood property was revalued in 2022 by the directors. The Borough High Street property is shown at the 2020 value. The directors believe these to be the fair values at 31 March 2025.

12. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	2,520,000

13. Investments

	Unlisted
	£
Cost
As at 1 April 2024	1,152,951

As at 31 March 2025	1,152,951

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1,152,951

As at 1 April 2024	1,152,951

Subsidiaries

Details of the company's subsidiaries as at 31 March 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Faithdean Plc	England and Wales	Ordinary	100.00%	-
Broadland Construction Limtied	England and Wales	Ordinary	100.00%	-
Castlethorpe Homes Ltd	England and Wales	Ordianry	80.00%	-
Warwick House (Redhill) Development Limited	England and Wales	Ordianry	51.00%	-
Faithdean Special Works Ltd	England and Wales	Ordinary	100.00%	-
Oakdean Construction Limted	England and Wales	Ordinary	84.00%	-
Oakdean Construction Limted	Englang and Wales	Ordianry 'B'	76.00%	-

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

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Faithdean Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

	Capital and Reserves	Profit/(loss)
	£	£
Faithdean Plc	20,811,009	5,049,017
Broadland Construction Limtied	1,549,866	136,531
Castlethorpe Homes Ltd	(2,490,793 )	(864,098 )
Warwick House (Redhill) Development Limited	10	-
Faithdean Special Works Ltd	875,356	562,521
Oakdean Construction Limted	(8,401,739 )	(577,161 )

14. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	8,405,358	10,304,757
Other debtors	86,199	315,560

	8,491,557	10,620,317

15. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	4,762,812	6,762,211
Other creditors	1,359,001	9,001
Corporation tax	-	34,045
Taxation and social security	165,600	-

	6,287,413	6,805,257

The bank hold an inter-company guarantee between Faithdean Holdings Limited, Faithdean Plc, Broadland Cosntruction Limited, Faithdean Special Works Ltd and Oakdean Construction Limited.

The bank also have a legal charge over 44-48 Borough High Street, and a floating charge over all the property and undertakings of the company.

There is also third party guarantees.

16. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	280,650	280,650

17. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	280,650	280,650

Balance at 31 March 2025	280,650	280,650

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Faithdean Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

18. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	187,500	187,500

The prescribed particulars of the Ordinary £1 share capital in issue allows equal rights to dividends, voting and return of capital in the event the company is wound up.

19. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	1,000,000	1,000,000

20. Related Party Disclosures

The company received management charges, interest and dividends form group undertakings and other related parties as follows:

	Management	Dividends
	Charges

Faithdean Plc	-	1,000,000
Broadlamd Construction Limtied	(150,000)	80,000

The company had intra-group loan balances at 31 March 2024 with its subsidiaires and related parties as follows:

	Asset	Liabaility
	£	£

Faithdean Plc	-	3,641,783
Castlethorpe Homes Limited	8,280,357	-
Broadland Construction Limited	-	1,096,028
Faithdean Special Works Ltd	100,000	-

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