REGISTERED NUMBER: 02003158 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Flannery Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T P Flannery

D Ellis

REGISTERED OFFICE:

Unit 2 B

Willow Bridge Way

Normanton

Castleford

West Yorkshire

WF10 5NP

REGISTERED NUMBER:

02003158 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

3,398,219

3,806,261

Investments

5

2,295,098

2,295,098

Investment property

6

925,000

925,000

6,618,317

7,026,359

CURRENT ASSETS

Debtors

7

255,663

356,029

Cash at bank

6,697,477

6,490,757

6,953,140

6,846,786

CREDITORS

Amounts falling due within one year

8

4,007,074

4,067,086

NET CURRENT ASSETS

2,946,066

2,779,700

TOTAL ASSETS LESS CURRENT LIABILITIES

9,564,383

9,806,059

CREDITORS

Amounts falling due after more than one year

9

(17,462

)

(231,513

)

PROVISIONS FOR LIABILITIES

(1,149,804

)

(1,185,836

)

NET ASSETS

8,397,117

8,388,710

CAPITAL AND RESERVES

Called up share capital

50,100

50,100

Non-distributable reserve

11

1,512,243

1,512,243

Retained earnings

6,834,774

6,826,367

SHAREHOLDERS' FUNDS

8,397,117

8,388,710

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 24 December 2025 and were signed on its behalf by:

T P Flannery - Director

1.	STATUTORY INFORMATION

Flannery Construction 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition

Revenue comprises the value of sales (excluding VAT, similar taxes and trade discounts) of hired plant and equipment provided in the normal course of business. Revenue is recognised from the onset of the hire.

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

-

17% on cost

Motor vehicles

-

25% on cost

Investment property

No depreciation is provided for in respect of investment properties in accordance with FRS 102. Such properties are held for their investment potential and not for consumption within the business. This is a departure from Companies Act 2006 which requires that all properties be depreciated and the directors consider that to depreciate them would not enable the financial statements to give a true and fair view. Investment properties are stated at their market value at the balance sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

5,232,583

1,032,766

6,265,349

Additions

303,782

158,745

462,527

Disposals

(230,000

)

(92,495

)

(322,495

)

At 31 March 2025

5,306,365

1,099,016

6,405,381

DEPRECIATION

At 1 April 2024

1,936,689

522,399

2,459,088

Charge for year

608,052

126,271

734,323

Eliminated on disposal

(152,745

)

(33,504

)

(186,249

)

At 31 March 2025

2,391,996

615,166

3,007,162

NET BOOK VALUE

At 31 March 2025

2,914,369

483,850

3,398,219

At 31 March 2024

3,295,894

510,367

3,806,261

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

Plant and

machinery

£

COST

At 1 April 2024

1,788,900

Transfer to ownership

(419,400

)

At 31 March 2025

1,369,500

DEPRECIATION

At 1 April 2024

361,022

Charge for year

201,884

Transfer to ownership

(157,320

)

At 31 March 2025

405,586

NET BOOK VALUE

At 31 March 2025

963,914

At 31 March 2024

1,427,878

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

2,295,098

NET BOOK VALUE

At 31 March 2025

2,295,098

At 31 March 2024

2,295,098

Cost or valuation at 31 March 2025 is represented by:

Interest

in other

participating

interests

£

Valuation in 2020

160,476

Valuation in 2024

1,834,524

Cost

300,098

2,295,098

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

925,000

NET BOOK VALUE

At 31 March 2025

925,000

At 31 March 2024

925,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

132,639

Cost

792,361

925,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

255,663

356,029

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

214,050

396,689

Trade creditors

1,063

4,529

Taxation and social security

40,654

6,297

Other creditors

3,751,307

3,659,571

4,007,074

4,067,086

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

17,462

231,513

10.	SECURED DEBTS

The charges were satisfied on Companies House during the year.

11.

RESERVES

Non-distribu

reserve

£

At 1 April 2024

and 31 March 2025

1,512,243