Moorhouse Construction Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Moorhouse Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03661767 . The registered office is Charnwood House, 46-48 Garden Street, Thurmaston, Leicestershire, LE4 8DS.

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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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	over 50 years
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	33% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Moorhouse Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. 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.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Debtors & Creditors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.8. Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.9. Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

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Moorhouse Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

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

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	295,000	351,417	158,190	19,520	824,127
Additions	-	-	-	6,643	6,643

As at 31 March 2025	295,000	351,417	158,190	26,163	830,770

Depreciation
As at 1 April 2024	32,000	299,620	153,699	17,191	502,510
Provided during the period	4,000	12,943	1,123	2,961	21,027

As at 31 March 2025	36,000	312,563	154,822	20,152	523,537

Net Book Value
As at 31 March 2025	259,000	38,854	3,368	6,011	307,233

As at 1 April 2024	263,000	51,797	4,491	2,329	321,617

5. Stocks

	2025	2024
	£	£
Work in progress	31,500	9,800

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	480,504	554,863
Other debtors	152,726	134,345

	633,230	689,208

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Moorhouse Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	43,779	47,579
Bank loans and overdrafts	56,449	132,742
Other taxes and social security	110,596	156,338
Other creditors	50,008	53,437
Accruals and deferred income	1,750	225

	262,582	390,321

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	158,884	154,903

9. Secured Creditors

The mortgage is secured against the property.

	2025		2024
	£		£
Bank loans and overdrafts	133,153		133,153

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	76,950

As at 31 March 2025	76,950

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Moorhouse Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Related Party Transactions

Directors Loan Account - these loans are free of interest and repayable on demand. The amount is included within other creditors.

Amount due to the related party: 2025: £49,799 (2024: £44,254)

Moorhouse Properties & Lettings Ltd

A company in which the director is also director and shareholder.

Loan account - The loan is free of interest and repayable on demand and is included within other debtors/creditors.

Amount due from/to to the related party: 2025: £5,182 (2024: £1,611)

Moorhouse Investment Properties LLP

A company in which the director is a designated member.

Loan account - The loan is free of interest and repayable on demand and is included within other debtors.

Amount due from the related party: 2025: £29,757 (2024: £27,323)

Moorhouse Projects Ltd

A company in which the director is also director and shareholder.

Loan account - The loan is free of interest and repayable on demand and is included within other debtors.

Amount due from the related party: 2025: £113,687 (2024: £107,022)

13. Ultimate Controlling Party

Mr I Moorhouse is the ultimate controlling party by virtue of his beneficial ownership of 100% of the ordinary share capital of the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		307,233		321,617

			307,233		321,617
CURRENT ASSETS
Stocks	5	31,500		9,800
Debtors	6	633,230		689,208
Cash at bank and in hand		7,826		118,721

		672,556		817,729
Creditors: Amounts Falling Due Within One Year	7	(262,582 )		(390,321 )

NET CURRENT ASSETS (LIABILITIES)			409,974		427,408

TOTAL ASSETS LESS CURRENT LIABILITIES			717,207		749,025

Creditors: Amounts Falling Due After More Than One Year	8		(158,884 )		(154,903 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(30,108 )		(32,704 )

NET ASSETS			528,215		561,418

CAPITAL AND RESERVES
Called up share capital	10		100		100
Revaluation reserve	11		76,950		76,950
Profit and Loss Account			451,165		484,368

SHAREHOLDERS' FUNDS			528,215		561,418