Company registration number 04228598 (England and Wales)
CLASSIC CONSTRUCTION (SOUTHERN) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
Hampshire
PO6 3TH
CLASSIC CONSTRUCTION (SOUTHERN) LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
CLASSIC CONSTRUCTION (SOUTHERN) LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. R Barrett
Mrs. L Barrett
Mr. P Shayler
Secretary
Mrs. L Barrett
Company number
04228598
Registered office
The Pines
Stocks Lane
Meonstoke
Southampton
Hampshire
SO32 3NQ
Accountants
TC Group
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
Hampshire
PO6 3TH
CLASSIC CONSTRUCTION (SOUTHERN) LIMITED
BALANCE SHEET
AS AT 31 JULY 2025
31 July 2025
- 2 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
2,061,120
1,462,851
Debtors
4
2,233
13,014
Cash at bank and in hand
67,633
7,162
2,130,986
1,483,027
Creditors: amounts falling due within one year
5
(1,732,577)
(1,061,205)
Net current assets
398,409
421,822
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
398,309
421,722
Total equity
398,409
421,822

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

CLASSIC CONSTRUCTION (SOUTHERN) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2025
31 July 2025
- 3 -

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 23 January 2026 and are signed on its behalf by:
Mr. R Barrett
Mr. P Shayler
Director
Director
Company Registration No. 04228598
The notes on pages 4 to 6 form part of these financial statements
CLASSIC CONSTRUCTION (SOUTHERN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
1
Accounting policies
Company information

Classic Construction (Southern) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Pines, Stocks Lane, Meonstoke, Southampton, Hampshire, SO32 3NQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover in respect of property developments represents the total sales value of legally completed properties.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Work in progress is valued on the basis of direct costs. Provision if made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

CLASSIC CONSTRUCTION (SOUTHERN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
CLASSIC CONSTRUCTION (SOUTHERN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
3
Tangible fixed assets
Plant and machinery
£
Cost
At 1 August 2024 and 31 July 2025
32,897
Depreciation and impairment
At 1 August 2024 and 31 July 2025
32,897
Carrying amount
At 31 July 2025
-
0
At 31 July 2024
-
0
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
420
Other debtors
2,233
12,594
2,233
13,014
5
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
994,495
366,270
Other borrowings
226,543
210,224
Trade creditors
10,445
33,911
Corporation tax
10,655
-
0
Other taxation and social security
3,553
5,155
Other creditors
482,386
441,145
Accruals and deferred income
4,500
4,500
1,732,577
1,061,205

The bank loan is secured by way of a charge over the property development assets held by the company.

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