Company registration number 11839605 (England and Wales)
HATHAWAY ROOFING HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
HATHAWAY ROOFING HOLDINGS LIMITED
COMPANY INFORMATION
Directors
S Binks
S Price
D M Thompson
A Harrison
L Sayer
Company number
11839605
Registered office
Tindale Crescent
Bishop Auckland
Co. Durham
England
DL14 9TL
Auditor
BK Plus Limited
13 Windsor Terrace
Jesmond
Newcastle Upon Tyne
England
NE2 4HE
HATHAWAY ROOFING HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1 - 4
Directors' report
5 - 7
Independent auditor's report
8 - 10
Profit and loss account
11
Group statement of comprehensive income
12
Group balance sheet
13
Company balance sheet
14
Group statement of changes in equity
15
Company statement of changes in equity
16
Group statement of cash flows
17
Company statement of cash flows
18
Notes to the financial statements
19 - 32
HATHAWAY ROOFING HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 1 -

The directors present the strategic report for the year ended 30 September 2025.

We are highly regarded as the market leader in the safe and timely delivery of large industrial UK cladding projects. All our projects are rewarded though our repeat business clients, being the principal contractors, developers, funders and “blue chip” clients that operate the facilities. Our proven experience, competitive offering and low carbon solutions, combine with a safe and proven performance to set us apart from all our competitors.

We continue to ensure:

- Safety, our core value.

- Our People, our greatest asset.

- Excellence by standard.

- Best value as a competitive offering.

- Proven decarboni s ation strategy with resulting performance.

- Safe Delivery of the most challenging programmes.

- Nurturing relationships and client focus.

- Remaining “Best in Class”.

With a proven track record since 1967, w e continue to successfully deliver projects in our chosen four construction sectors; logistics warehousing, manufacturing, data centres, food and Pharma, for the leading Industrial developers, global brands and global investment funds.

Review of the business

We have again achieved a strong set of results for 2025. Whilst material costs stabilise after a challenging year, influenced by global conditions out of our control, turnover has increased and profit has been maintained in line with our expectations.

Despite the challenges, we have again grown market share in a reduced market, focussing on our top 3 principal contractor clients, where we have maintained our position as the market leader through strong delivery on all fronts.

Principal risks and uncertainties

The directors have an optimistic view for the future based on a strong secured forward order book and a healthy pipeline of potential tendering projects. Succession planning has positioned us well to take the business forward, create progression within and continue to reward our people in our profits.

We credit insure all our debtors so we are not exposed to insolvencies, this continues to be a significant risk in the Construction Market at present. Our volume sales, strong financials and business culture ensures the support from our supply chain, reducing our expose to global uncertainty.

Development and performance

We put our people first, who in turn focus on our customers. Working closely with our client teams we develop the design, specification, programme and build sequence to suit their specific needs. All projects are controlled and managed by an experienced project team.

We continue to invest in the training of our staff alongside adding additional resources in strategic positions within the business. This coupled with the support of our loyal supply chain and strong balance sheet ensures we are best placed to deliver the level of planned business.

We are committed to and have a proactive approach in developing, supporting and training our staff, enabling them to fulfil their potential within a safe and stable working environment. We are committed to our core values and the Investors in People standard which we have maintained since 2001, which reflects our commitment to investing in our people and recognizing their contribution to the business. The sharing of profit across the business is a reward for the effort and success gained as a highly motivated team where all are valued.

HATHAWAY ROOFING HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
Key performance indicators

Profit margin and balance sheet net assets are our chosen key performance indicators.

|  | 2025 | 2024 | 2023
Net profit before tax % | 6.2% | 7.7% | 5.4%
Net assets (£m) | £11.4m | £10.3m | £10.0m

HATHAWAY ROOFING HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
Other information and explanations

Health & Safety

Over the years we have been instrumental in improving safety within the Industrial cladding sector and our commitment will not diminish. We are accredited to ISO 45001 through BSI, a process that enables us to develop, implement, monitor and review our procedures and practices to a high standard.

We encourage feedback at every level and believe this is crucial to the continual improvement process. We also believe consultation with employees is paramount in developing safe working solutions.

Safety is continually monitored by our qualified and experienced managers, with regular support and guidance from our dedicated and professional safety team. In addition to ISO 45001, our commitment has been recognized by the NFRC and we are accredited with SafeContractor and Constructionline. Our wish is to achieve an incident and injury free environment.

Sustainability

NZC, our sustainability consultant, calculates our carbon footprint and supports us in our decarbonisation journey to net zero, reducing our carbon emissions, significantly reducing waste, developing low carbon solutions and efficiencies across our business and projects.

We promote the use of materials that reduce the carbon impact of buildings. We work closely with our supply chain to develop net zero energy products and encourage low impact carbon installations including the use of roof top solar. We believe that becoming a more sustainable business will ensure a more successful business. We consider our social, economic and environmental beliefs paramount to our continued success.

We have maintained accreditation to ISO 14001 since first achieving this in 2010. We are committed to reviewing and reducing our environmental impact.

We have invested significantly to decarbonise our facilities through reducing heat loss, improving air leakage, investing in renewable energy, installing solar PV to ensure our sustainable future proofing.

Quality

We operate a comprehensive system of quality assurance to ensure that all products manufactured, purchased and installed by the company completely fulfill the requirements of our customers.

To help us to achieve these goals, we have operated a quality management system since 1991, the most recent version of which, ISO 9001 continues to be successfully reviewed and accredited by BSI.

Promoting the success of the Company

In accordance with the requirements of the Companies (Miscellaneous Reporting) Regulations 2018, we have set out how the directors have acted in a way that promotes the success of the Company for the benefit of its members, whilst having regard to the following matters set out in s.172(1) of the Act:

- the likely consequences of any decision in the long term.

- the interests of the Company's employees.

- the need to foster the Company's business relationships with suppliers, customers and stakeholders.

- the impact of the Company's operations on the community and the environment.

- the desire of the Company to maintain a reputation for high standards of business conduct; and

- the need to act fairly between members of the Company.

The directors fulfil their duties to act in good faith to promote the success of the company through the implementation of 'The Hathaway' values. At the core of these values is a commitment to excellence, with a focus on specialist skills, strong partner relationships and performance. The directors consider the impact on the interests of other stakeholders in the company whilst discharging these duties.

Engagement with our stakeholders underpins our values, which are embedded throughout our business and help to ensure we maintain high standards of business conduct. Engagement with our stakeholders supports the directors regarding the likely consequences of any decision in the long term.

HATHAWAY ROOFING HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -

Employees “Our Greatest Asset”

It is due to the hard work and commitment of our engaged employees that we are strong, both operationally and financially. It is of paramount importance that we are able to attract, recruit and retain the best people. Engagement with our employees enables the directors to better understand the issues that are important to them. The directors engage in an open-door policy promoting strong communication channels throughout the business.

We encourage progression within the business and achieve this through appropriate training and development including apprenticeships. We dedicate appropriate resources to Health and Safety standards and consistently work to raise the profile of health and safety in the business. Proactive safety initiatives and extensive training facilitate this. We continue to develop the health and safety culture to raise standards to the highest level.

Customers

Customers are at the heart of everything we do. By serving our customers we want to provide best value and excellence. We work hard to enjoy healthy, trusting and mutually beneficial long-term relationships with our valued customers. We seek to identify opportunities that ensure the sustainability of our strategic partners and stakeholders.

Working with our Suppliers and Sub-Contractors

We recognise our suppliers and subcontractors are critical to the delivery of our strategic objectives, and we seek to ensure they align with our values by investing in our relationships with them. We commit to honoring our agreements, including paying to the agreed terms. In line with our values, we look to maximise opportunities for suppliers to ensure their continued success and sustainability. T he directors value the loyalty and commitment of our strategic suppliers.

Community and the Environment

We take our role within the community seriously and promote and encourage community and charity contributions. We also recognise the importance of our environmental responsibilities and have measures in place to monitor and control our impact on the environment and our compliance with regulatory environmental standards.

On behalf of the board

S Price
Director
25 November 2025
HATHAWAY ROOFING HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -

The directors present their annual report and financial statements for the year ended 30 September 2025.

Principal activities

The principal activity of the company and group continued to be that of a holding company and roofing contractors.

Results and dividends

The results for the year are set out on page 11.

Ordinary dividends were paid amounting to £2,484,002.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

S Binks
S Price
D M Thompson
A Harrison
L Sayer
Future developments

There are no changes planned which would affect the group's existing market position or materially alter the nature of trade of the group.

Energy and carbon report

The Group's scope 1 and 2 greenhouse gas emissions are shown below, our intensity ratio per employee has decreased from 1.5 to 1.3, with a total of 148.29 tC02e recorded in this period, a 9% reduction from the previous period. This has been achieved through our investment in PV solar, procuring zero carbon electricity and increasing the proportion of our fleet to EV's.

Energy consumption
Scope 1 and 2 energy consumption comprise of scope 1 gas consumption of 219,810 kwh (2024: 218,746 kwh) and scope 2 head office electricity consumption of 234,774 kwh (2024: 223,457 kwh). Scope 2 electricity includes usage from on-site renewable (PV) and a carbon zero tariff supplied by our energy provider.
HATHAWAY ROOFING HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
2025
2024
Emissions of CO2 equivalent
metric tonnes
metric tonnes
Scope 1 - direct emissions
- Gas combustion
44.56
44.33
- Fuel consumed for owned transport
95.87
107.34
140.43
151.67
Scope 2 - indirect emissions
- Electricity purchased
7.86
35.94
Scope 3 - other indirect emissions
- Fuel consumed for transport not owned by the group
-
5.16
Total gross emissions
148.29
192.77
Intensity ratio
Tonnes C02e per employee
1.3
1.5
Quantification and reporting methodology

Scope 1 and 2 GHG emissions have been measured in accordance with the operational control method of the GHG Protocol for Corporate Emission Reporting and The National TOMs Framework for Social Value Reporting.

Intensity measurement

The chosen intensity measurement ratio is total gross emissions in metric tonnes CO2e per employee, the recommended ratio for the sector.

Measures taken to improve energy efficiency

Our investment in PV solar, procuring zero carbon electricity and increasing the proportion of our fleet to EV's, combined with the refurbishment of our Head Office building envelope to decarbonise our facilities.

Statement of directors' responsibilities

The directors are responsible for preparing the Annual 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 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 group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards 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 group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and 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 group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

HATHAWAY ROOFING HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
S Price
Director
25 November 2025
HATHAWAY ROOFING HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HATHAWAY ROOFING HOLDINGS LIMITED
- 8 -
Opinion

We have audited the financial statements of Hathaway Roofing Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 30 September 2025 and of the group's profit 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 group and parent 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 group's and parent company's ability to continue as a going concern for a period of at least twelve 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. 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 course of 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 our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

HATHAWAY ROOFING HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HATHAWAY ROOFING HOLDINGS LIMITED
- 9 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and 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' r esponsibilities s tatement, 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 parent 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 parent 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

From the preliminary stage of the audit, we ensure our understanding of the entity is up to date. This includes, but is not limited to, current knowledge of their activities, the business and control environments, and their compliance with the applicable legal and regulatory frameworks. The information supports our risk identification and the subsequent design of audit procedures to mitigate those risks; ensuring that the audit evidence obtained is sufficient and appropriate to support our opinion.

In response to the risks identified, specific to this entity, we designed procedures which included, but were not limited to:

- Enquiry of management, those charged with governance around actual and potential litigation and claim;

- Reviewing minutes of meetings of those charged with governance, if available;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

HATHAWAY ROOFING HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HATHAWAY ROOFING HOLDINGS LIMITED
- 10 -

The purpose of our audit work and to whom we owe our responsibilities

This report is made solely to the company's member 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 member those matters we are required to state to the member 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 member, for our audit work, for this report, or for the opinions we have formed.

Colin Chater FCA (Senior Statutory Auditor)
For and on behalf of BK Plus Audit Limited
Chartered Certified Accountants
13 Windsor Terrace
Jesmond
Newcastle Upon Tyne
England
NE2 4HE
25 November 2025
HATHAWAY ROOFING HOLDINGS LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 11 -
2025
2024
Notes
£
£
Turnover
3
70,906,562
56,884,269
Cost of sales
(65,730,842)
(49,839,790)
Gross profit
5,175,720
7,044,479
Administrative expenses
(2,103,966)
(3,888,145)
Other operating income
763,586
548,490
Operating profit
4
3,835,340
3,704,824
Interest receivable and similar income
7
594,873
655,606
Profit before taxation
4,430,213
4,360,430
Tax on profit
8
(1,131,498)
(1,116,292)
Profit for the financial year
22
3,298,715
3,244,138
Profit for the financial year is all attributable to the owners of the parent company.
HATHAWAY ROOFING HOLDINGS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 12 -
2025
2024
£
£
Profit for the year
3,298,715
3,244,138
Other comprehensive income
Revaluation of tangible fixed assets
330,000
-
0
Total comprehensive income for the year
3,628,715
3,244,138
Total comprehensive income for the year is all attributable to the owners of the parent company.
HATHAWAY ROOFING HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 13 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
3,067,518
2,815,447
3,067,518
2,815,447
Current assets
Stocks
13
442,187
601,860
Debtors
14
14,238,134
18,117,041
Cash at bank and in hand
13,141,101
14,358,380
27,821,422
33,077,281
Creditors: amounts falling due within one year
15
(19,290,005)
(25,419,024)
Net current assets
8,531,417
7,658,257
Total assets less current liabilities
11,598,935
10,473,704
Provisions for liabilities
Deferred tax liability
16
166,879
186,361
(166,879)
(186,361)
Net assets
11,432,056
10,287,343
Capital and reserves
Called up share capital
18
22,700
22,700
Share premium account
19
19,600
19,600
Revaluation reserve
20
550,000
220,000
Capital redemption reserve
21
4,900
4,900
Profit and loss reserves
22
10,834,856
10,020,143
Total equity
11,432,056
10,287,343
The financial statements were approved by the board of directors and authorised for issue on 25 November 2025 and are signed on its behalf by:
25 November 2025
S Price
D M Thompson
Director
Director
Company registration number 11839605 (England and Wales)
HATHAWAY ROOFING HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 14 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
2,400,000
2,070,000
Investments
11
6,694,642
6,694,642
9,094,642
8,764,642
Current assets
Debtors
14
34,050
34,050
Cash at bank and in hand
3,903,854
3,736,749
3,937,904
3,770,799
Creditors: amounts falling due within one year
15
(75,826)
(87,553)
Net current assets
3,862,078
3,683,246
Net assets
12,956,720
12,447,888
Capital and reserves
Called up share capital
18
22,700
22,700
Share premium account
19
19,600
19,600
Revaluation reserve
20
550,000
220,000
Capital redemption reserve
21
4,900
4,900
Profit and loss reserves
22
12,359,520
12,180,688
Total equity
12,956,720
12,447,888

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £2,662,834 (2024 - £4,620,697 profit).

The financial statements were approved by the board of directors and authorised for issue on 25 November 2025 and are signed on its behalf by:
25 November 2025
S Price
D M Thompson
Director
Director
Company registration number 11839605 (England and Wales)
HATHAWAY ROOFING HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 15 -
Share capital
Share premium account
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
£
Balance at 1 October 2023
22,700
19,600
220,000
4,900
9,731,188
9,998,388
Year ended 30 September 2024:
Profit and total comprehensive income
-
-
-
-
3,244,138
3,244,138
Dividends
9
-
-
-
-
(2,955,183)
(2,955,183)
Balance at 30 September 2024
22,700
19,600
220,000
4,900
10,020,143
10,287,343
Year ended 30 September 2025:
Profit for the year
-
-
-
-
3,298,715
3,298,715
Other comprehensive income:
Revaluation of tangible fixed assets
-
-
330,000
-
-
330,000
Total comprehensive income
-
-
330,000
-
3,298,715
3,628,715
Dividends
9
-
-
-
-
(2,484,002)
(2,484,002)
Balance at 30 September 2025
22,700
19,600
550,000
4,900
10,834,856
11,432,056
HATHAWAY ROOFING HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 16 -
Share capital
Share premium account
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
£
Balance at 1 October 2023
22,700
19,600
220,000
4,900
10,515,174
10,782,374
Year ended 30 September 2024:
Profit and total comprehensive income for the year
-
-
-
-
4,620,697
4,620,697
Dividends
9
-
-
-
-
(2,955,183)
(2,955,183)
Balance at 30 September 2024
22,700
19,600
220,000
4,900
12,180,688
12,447,888
Year ended 30 September 2025:
Profit for the year
-
-
-
-
2,662,834
2,662,834
Other comprehensive income:
Revaluation of tangible fixed assets
-
-
330,000
-
-
330,000
Total comprehensive income
-
-
330,000
-
2,662,834
2,992,834
Dividends
9
-
-
-
-
(2,484,002)
(2,484,002)
Balance at 30 September 2025
22,700
19,600
550,000
4,900
12,359,520
12,956,720
HATHAWAY ROOFING HOLDINGS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 17 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
26
1,711,916
2,939,305
Income taxes paid
(1,025,166)
(997,699)
Net cash inflow from operating activities
686,750
1,941,606
Investing activities
Purchase of tangible fixed assets
(14,900)
(105,277)
Interest received
594,873
655,606
Net cash generated from investing activities
579,973
550,329
Financing activities
Dividends paid to equity shareholders
(2,484,002)
(2,955,183)
Net cash used in financing activities
(2,484,002)
(2,955,183)
Net decrease in cash and cash equivalents
(1,217,279)
(463,248)
Cash and cash equivalents at beginning of year
14,358,380
14,821,628
Cash and cash equivalents at end of year
13,141,101
14,358,380
HATHAWAY ROOFING HOLDINGS LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 18 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Income taxes paid
(53,503)
(5,004)
Investing activities
Interest received
167,105
214,013
Dividends received
2,537,505
4,460,187
Net cash generated from investing activities
2,704,610
4,674,200
Financing activities
Dividends paid to equity shareholders
(2,484,002)
(2,955,183)
Net cash used in financing activities
(2,484,002)
(2,955,183)
Net increase in cash and cash equivalents
167,105
1,714,013
Cash and cash equivalents at beginning of year
3,736,749
2,022,736
Cash and cash equivalents at end of year
3,903,854
3,736,749
HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 19 -
1
Accounting policies
Company information

Hathaway Roofing Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is , Tindale Crescent, Bishop Auckland, County Durham, United Kingdom, DL14 9TL.

The group consists of Hathaway Roofing Holdings Limited and all of its subsidiaries.

1.1
Basis of preparation

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.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Hathaway Roofing Holdings Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 30 September 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 20 -
1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

All turnover is derived from roofing and cladding contracts.

Profit is recognised on long term contracts if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as the proportion of total contract value of which costs to date beat, to total expected costs for that contract.

1.6
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.7
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:

Freehold land and buildings
Not depreciated
Plant and equipment
5% - 50% straight line

Freehold land is not depreciated.

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 recognised in the profit and loss account.

1.8
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 21 -
1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

1.10
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.11
Cash and cash equivalents

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.

1.12
Financial instruments

The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 22 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 23 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.13
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.14
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 group’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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.15
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.16
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.17
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.18
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 24 -
1.19

Long term contracts

Long term contract work in progress is calculated by comparing costs and revenue on each contract with a budgeted overhead recovery rate set at the commencement of each contract, amended as necessary for known profitability.

The recovery rates are reviewed and updated monthly by Quantity Surveyors.

Profits on contracts are taken to the profit and loss account evenly throughout the duration of contract, losses on contracts are charged to the profit and loss account as incurred.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Long term contract recovery rates

The recovery rates on long term contracts are a key source of estimation uncertainty. These judgements are made by Quantity Surveyors and are reviewed and updated on a monthly basis. The carrying amount of amounts recoverable on long term contracts at the year end was £295,922 (2024: £203,974).

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Roofing and cladding contractors
70,906,562
56,884,269
2025
2024
£
£
Turnover analysed by geographical market
UK
70,906,562
56,884,269
2025
2024
£
£
Other revenue
Interest income
594,873
655,606
HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 25 -
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging:
Depreciation of owned tangible fixed assets
92,829
89,779
Operating lease charges
377,217
344,693
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
-
2,250
Audit of the financial statements of the company's subsidiaries
25,000
25,500
25,000
27,750
For other services
Taxation compliance services
-
1,400
Fees for the company's annual accounts
4,000
2,250
4,000
3,650
6
Employees

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

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Office and management
82
78
5
5
Manufacturing
29
29
-
-
Total
111
107
5
5

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
7,467,623
7,202,039
-
0
-
0
Social security costs
898,473
817,765
-
-
Pension costs
180,007
165,047
-
0
-
0
8,546,103
8,184,851
-
0
-
0
HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 26 -
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
594,873
655,606
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
594,873
655,606
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
1,150,980
1,112,418
Deferred tax
Origination and reversal of timing differences
(19,482)
3,874
Total tax charge
1,131,498
1,116,292

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
4,430,213
4,360,430
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
1,107,553
1,090,108
Tax effect of expenses that are not deductible in determining taxable profit
23,945
26,184
Taxation charge
1,131,498
1,116,292
9
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Interim paid
2,484,002
2,955,183
HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 27 -
10
Tangible fixed assets
Group
Freehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 October 2024
2,070,000
1,661,865
3,731,865
Additions
-
0
14,900
14,900
Revaluation
330,000
-
0
330,000
At 30 September 2025
2,400,000
1,676,765
4,076,765
Depreciation and impairment
At 1 October 2024
-
0
916,418
916,418
Depreciation charged in the year
-
0
92,829
92,829
At 30 September 2025
-
0
1,009,247
1,009,247
Carrying amount
At 30 September 2025
2,400,000
667,518
3,067,518
At 30 September 2024
2,070,000
745,447
2,815,447
Company
Freehold land and buildings
£
Cost
At 1 October 2024
2,070,000
Revaluation
330,000
At 30 September 2025
2,400,000
Depreciation and impairment
At 1 October 2024 and 30 September 2025
-
0
Carrying amount
At 30 September 2025
2,400,000
At 30 September 2024
2,070,000
11
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
12
-
0
-
0
6,694,642
6,694,642
HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
11
Fixed asset investments
(Continued)
- 28 -
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 October 2024 and 30 September 2025
6,694,642
Carrying amount
At 30 September 2025
6,694,642
At 30 September 2024
6,694,642
12
Subsidiaries

Details of the company's subsidiaries at 30 September 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Hathaway Roofing Limited
Tindale Crescent, Bishop Auckland, County Durham, DL14 9TL
Roof & cladding contractors
Ordinary shares
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Hathaway Roofing Limited
5,169,978
3,173,386
13
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
442,187
601,860
-
-
14
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Gross amounts owed by contract customers
13,191,627
16,586,461
-
0
-
0
Other debtors
692,822
1,060,621
34,050
34,050
Prepayments and accrued income
353,685
469,959
-
0
-
0
14,238,134
18,117,041
34,050
34,050
HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 29 -
15
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
£
£
£
£
Trade creditors
14,717,061
21,255,461
-
0
-
0
Corporation tax payable
640,876
515,062
41,776
53,503
Other taxation and social security
218,219
239,797
-
-
Dividends payable
34,050
34,050
34,050
34,050
Other creditors
-
0
1,643
-
0
-
0
Accruals and deferred income
3,679,799
3,373,011
-
0
-
0
19,290,005
25,419,024
75,826
87,553
16
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
166,879
186,361
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 October 2024
186,361
-
Credit to profit or loss
(19,482)
-
Liability at 30 September 2025
166,879
-
17
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
180,007
165,047

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 30 -
18
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary B Shares of £1 each
11,500
11,500
11,500
11,500
Ordinary G Shares of £1 each
6,300
6,300
6,300
6,300
Ordinary D Shares of £1 each
4,900
4,900
4,900
4,900
22,700
22,700
22,700
22,700

Ordinary B, D and G shares carry the same voting rights, having both been issued on a share for share basis in order to acquire the subsidiary Hathaway Roofing Limited.

19
Share premium account
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning and end of the year
19,600
19,600
19,600
19,600
20
Revaluation reserve
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning of the year
220,000
220,000
220,000
220,000
Revaluation surplus arising in the year
330,000
-
0
330,000
-
0
At the end of the year
550,000
220,000
550,000
220,000

Land and buildings with a carrying amount of £2,400,000 were revalued at 15 May 2025 by Sanderson Weatherall, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

21
Capital redemption reserve
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning and end of the year
4,900
4,900
4,900
4,900
HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 31 -
22
Profit and loss reserves
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning of the year
10,020,143
9,731,188
12,180,688
10,515,174
Profit for the year
3,298,715
3,244,138
2,662,834
4,620,697
Dividends
(2,484,002)
(2,955,183)
(2,484,002)
(2,955,183)
At the end of the year
10,834,856
10,020,143
12,359,520
12,180,688
23
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
377,187
344,537
-
-
Between two and five years
451,636
529,619
-
-
828,823
874,156
-
-
24
Directors' transactions

Dividends totalling £2,484,002 (2024 - £2,955,183) were paid in the year in respect of shares held by the company's directors.

25
Controlling party

The company's ultimate controlling party is director S Binks as the majority shareholder and managed on a day to day basis by the board of directors.

HATHAWAY ROOFING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 32 -
26
Cash generated from group operations
2025
2024
£
£
Profit after taxation
3,298,715
3,244,138
Adjustments for:
Taxation charged
1,131,498
1,116,292
Investment income
(594,873)
(655,606)
Depreciation and impairment of tangible fixed assets
92,829
89,779
Movements in working capital:
Decrease/(increase) in stocks
159,673
(258,549)
Decrease in debtors
3,878,907
335,161
Decrease in creditors
(6,254,833)
(931,910)
Cash generated from operations
1,711,916
2,939,305
27
Cash generated from operations - company
2025
2024
£
£
Profit after taxation
2,662,834
4,620,697
Adjustments for:
Taxation charged
41,776
53,503
Investment income
(2,704,610)
(4,674,200)
Cash generated from operations
-
-
28
Analysis of changes in net funds - group
1 October 2024
Cash flows
30 September 2025
£
£
£
Cash at bank and in hand
14,358,380
(1,217,279)
13,141,101
29
Analysis of changes in net funds - company
1 October 2024
Cash flows
30 September 2025
£
£
£
Cash at bank and in hand
3,736,749
167,105
3,903,854
2025-09-30 2024-10-01 false false CCH Software CCH Accounts Production 2025.300 S Binks S Price D M Thompson A Harrison L Sayer false 11839605 bus:Consolidated 2024-10-01 2025-09-30 11839605 2024-10-01 2025-09-30 11839605 bus:Director1 2024-10-01 2025-09-30 11839605 bus:Director2 2024-10-01 2025-09-30 11839605 bus:Director3 2024-10-01 2025-09-30 11839605 bus:Director4 2024-10-01 2025-09-30 11839605 bus:Director5 2024-10-01 2025-09-30 11839605 bus:RegisteredOffice 2024-10-01 2025-09-30 11839605 2025-09-30 11839605 bus:Consolidated 2025-09-30 11839605 bus:Consolidated 2023-10-01 2024-09-30 11839605 2023-10-01 2024-09-30 11839605 bus:Consolidated 2024-09-30 11839605 2024-09-30 11839605 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2025-09-30 11839605 core:PlantMachinery bus:Consolidated 2025-09-30 11839605 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-09-30 11839605 core:PlantMachinery bus:Consolidated 2024-09-30 11839605 core:LandBuildings core:OwnedOrFreeholdAssets 2025-09-30 11839605 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 11839605 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2025-09-30 11839605 core:CurrentFinancialInstruments bus:Consolidated 2024-09-30 11839605 core:ShareCapital bus:Consolidated 2025-09-30 11839605 core:ShareCapital bus:Consolidated 2024-09-30 11839605 core:SharePremium bus:Consolidated 2025-09-30 11839605 core:SharePremium bus:Consolidated 2024-09-30 11839605 core:RevaluationReserve bus:Consolidated 2025-09-30 11839605 core:RevaluationReserve bus:Consolidated 2024-09-30 11839605 core:CapitalRedemptionReserve bus:Consolidated 2025-09-30 11839605 core:CapitalRedemptionReserve bus:Consolidated 2024-09-30 11839605 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2025-09-30 11839605 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-09-30 11839605 core:ShareCapital 2025-09-30 11839605 core:ShareCapital 2024-09-30 11839605 core:SharePremium 2025-09-30 11839605 core:SharePremium 2024-09-30 11839605 core:RevaluationReserve 2025-09-30 11839605 core:RevaluationReserve 2024-09-30 11839605 core:CapitalRedemptionReserve 2025-09-30 11839605 core:CapitalRedemptionReserve 2024-09-30 11839605 core:RetainedEarningsAccumulatedLosses 2025-09-30 11839605 core:RetainedEarningsAccumulatedLosses 2024-09-30 11839605 core:ShareCapital bus:Consolidated 2023-09-30 11839605 core:RevaluationReserve bus:Consolidated 2023-09-30 11839605 core:SharePremium bus:Consolidated 2023-09-30 11839605 core:CapitalRedemptionReserve bus:Consolidated 2023-09-30 11839605 2023-09-30 11839605 core:ShareCapital 2023-09-30 11839605 core:SharePremium 2023-09-30 11839605 core:RevaluationReserve 2023-09-30 11839605 core:CapitalRedemptionReserve 2023-09-30 11839605 core:RetainedEarningsAccumulatedLosses 2023-09-30 11839605 core:RevaluationReserve bus:Consolidated 2024-09-30 11839605 core:RevaluationReserve 2024-09-30 11839605 bus:Consolidated 2023-09-30 11839605 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 11839605 core:UKTax bus:Consolidated 2024-10-01 2025-09-30 11839605 core:UKTax bus:Consolidated 2023-10-01 2024-09-30 11839605 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-09-30 11839605 core:PlantMachinery bus:Consolidated 2024-09-30 11839605 bus:Consolidated 2024-09-30 11839605 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 11839605 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-10-01 2025-09-30 11839605 core:PlantMachinery bus:Consolidated 2024-10-01 2025-09-30 11839605 core:Subsidiary1 2024-10-01 2025-09-30 11839605 core:Subsidiary1 1 2024-10-01 2025-09-30 11839605 core:Subsidiary1 2025-09-30 11839605 core:CurrentFinancialInstruments bus:Consolidated 2025-09-30 11839605 core:CurrentFinancialInstruments 2025-09-30 11839605 core:CurrentFinancialInstruments 2024-09-30 11839605 core:CurrentFinancialInstruments bus:Consolidated 1 2025-09-30 11839605 core:CurrentFinancialInstruments bus:Consolidated 1 2024-09-30 11839605 core:CurrentFinancialInstruments 2 2025-09-30 11839605 core:CurrentFinancialInstruments 3 2025-09-30 11839605 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2024-09-30 11839605 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 11839605 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 11839605 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 11839605 bus:FRS102 2024-10-01 2025-09-30 11839605 bus:Audited 2024-10-01 2025-09-30 11839605 bus:ConsolidatedGroupCompanyAccounts 2024-10-01 2025-09-30 11839605 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP