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Registration number: 00770190

Irvin Bros. (Fleet Works) Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Irvin Bros. (Fleet Works) Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Irvin Bros. (Fleet Works) Limited

(Registration number: 00770190)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 6,429 | 13,971
Investment property | 5 | 1,700,000 | 1,700,000
|  | 1,706,429 | 1,713,971
Current assets |  |  |
Debtors | 6 | 19,261 | 22,712
Cash at bank and in hand |  | 50,479 | 24,483
|  | 69,740 | 47,195
Creditors: Amounts falling due within one year | 7 | (537,889) | (571,751)
Net current liabilities |  | (468,149) | (524,556)
Total assets less current liabilities |  | 1,238,280 | 1,189,415
Creditors: Amounts falling due after more than one year | 7 | (407,538) | (410,799)
Net assets |  | 830,742 | 778,616
Capital and reserves |  |  |
Called up share capital | 8 | 19,000 | 19,000
Revaluation reserve |  | 375,485 | 375,485
Retained earnings |  | 436,257 | 384,131
Shareholders' funds |  | 830,742 | 778,616

Irvin Bros. (Fleet Works) Limited

(Registration number: 00770190)
Balance Sheet as at 30 April 2025 (continued)

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 January 2026 and signed on its behalf by:

......................................... P A Hadden-Wight Director
......................................... J W Hadden-Wight Company secretary and director

Irvin Bros. (Fleet Works) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 11 The Old Print Works
Fishponds Road
Wokingham
Berkshire
RG41 2QX
England

These financial statements were authorised for issue by the Board on 13 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the total amount receivable by the company in the ordinary course of business as rent receivable and income from investments.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Irvin Bros. (Fleet Works) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

2 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, Fittings & Equipment | 15% Straight Line
Office Equipment | 20% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.

Irvin Bros. (Fleet Works) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4 | Tangible assets

| Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
At 1 May 2024 | 54,277 | 1,956 | 56,233
Additions | - | 779 | 779
At 30 April 2025 | 54,277 | 2,735 | 57,012
Depreciation
At 1 May 2024 | 40,715 | 1,547 | 42,262
Charge for the year | 8,063 | 258 | 8,321
At 30 April 2025 | 48,778 | 1,805 | 50,583
Carrying amount
At 30 April 2025 | 5,499 | 930 | 6,429
At 30 April 2024 | 13,562 | 409 | 13,971

Irvin Bros. (Fleet Works) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

5 | Investment properties

| 2025 £
At 1 May | 1,700,000
At 30 April | 1,700,000

The valuation of the investment property was undertaken by the directors at the year end and represents the directors best estimate based on their knowledge of the property market in the region in which the properties are located. In the directors' opinion the valuations reflect the current open market value of the properties as at the year end date.

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 18,666 | 21,643
Prepayments | 595 | 1,069
| 19,261 | 22,712

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts |  | 10,500 | 17,000
Taxation and social security |  | 25,493 | 22,689
Accruals and deferred income |  | 56,764 | 47,572
Other creditors |  | 445,132 | 484,490
|  | 537,889 | 571,751

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 407,538 | 410,799

Bank loans amounting to £218,038 (Split £10,500 due within one year, £207,538 due over one year) are secured against the investment property held by the company.

Irvin Bros. (Fleet Works) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

8 | Share capital

Amounts presented in equity:

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 19,000 | 19,000 | 19,000 | 19,000

Amounts presented in liabilities:

| 2025 | 2024
| No. | £ | No. | £
Redeemable of £1 each | 200,000 | 200,000 | 200,000 | 200,000