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Registered number: 02284289 BALICREST LIMITED UNAUDITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
BALICREST LIMITED COMPANY INFORMATION
Directors | David McGee
| Daniel McGee
Company secretary | Tracey McGee
Registered number | 02284289
Registered office | 71 Dukes Wood Drive
| Gerrards Cross
| Buckinghamshire
| SL9 7LQ
Accountants | White Hart Associates (London) Limited
| Chartered Accountants and Statutory Auditors
| 2nd Floor Nucleus House
| 2 Lower Mortlake Road
| Richmond
| TW9 2JA
BALICREST LIMITED CONTENTS
| Page
Directors' Report | 1
Accountants' Report | 2
Income Statement | 3
Statement of Comprehensive Income | 4
Statement of Financial Position | 5 - 6
Statement of Changes in Equity | 7
Notes to the Financial Statements | 8 - 14
BALICREST LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The directors present their report and the financial statements for the year ended 31 August 2025.
Principal activity
The company's principal activity during the year continued to be that of demolition and site preparation.
Directors
The directors who served during the year were:
David McGee
Daniel McGee
Small companies note
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board on 5 March 2026 and signed on its behalf.
D McGee Director
Page 1
BALICREST LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BALICREST LIMITED FOR THE YEAR ENDED 31 AUGUST 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Balicrest Limited for the year ended 31 August 2025 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the Board of Directors of Balicrest Limited, as a body, in accordance with the terms of our engagement letter dated 29/10/2018. Our work has been undertaken solely to prepare for your approval the financial statements of Balicrest Limited and state those matters that we have agreed to state to the Board of Directors of Balicrest Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Balicrest Limited and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that Balicrest Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Balicrest Limited. You consider that Balicrest Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Balicrest Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. White Hart Associates (London) Limited Chartered Accountants and Statutory Auditors 2nd Floor Nucleus House 2 Lower Mortlake Road Richmond TW9 2JA 5 March 2026 Page 2
BALICREST LIMITED INCOME STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025
| 2025 | 2024
Note | £ | £
Turnover |  | 1,566,218 | 1,805,174
Cost of sales |  | (623,288) | (819,501)
Gross profit |  | 942,930 | 985,673
Administrative expenses |  | (784,970) | (829,353)
Operating profit |  | 157,960 | 156,320
Interest receivable |  | 46,327 | -
Interest payable |  | (185) | -
Profit before tax |  | 204,102 | 156,320
Tax on profit |  | (452) | (52,761)
Profit for the financial year |  | 203,650 | 103,559
The notes on pages 8 to 14 form part of these financial statements.
Page 3
BALICREST LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 AUGUST 2025
|  |  |  | 2025 | 2024
|  |  | Note | £ | £
Profit for the financial year |  | 203,650 | 103,559
Other comprehensive income |  |  |
Total comprehensive income for the year |  | 203,650 | 103,559
The notes on pages 8 to 14 form part of these financial statements.
Page 4
BALICREST LIMITED REGISTERED NUMBER: 02284289 STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 449,698 |  | 315,301
|  |  | 449,698 |  | 315,301
Current assets |  |  |  |  |
Debtors | 6 | 196,235 |  | 267,392 |
Cash at bank and in hand | 7 | 2,279,026 |  | 2,230,771 |
|  | 2,475,261 |  | 2,498,163 |
Creditors: amounts falling due within one year | 8 | (148,207) |  | (174,486) |
Net current assets |  |  | 2,327,054 |  | 2,323,677
Total assets less current liabilities |  |  | 2,776,752 |  | 2,638,978
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (66,949) |  | (78,825) |
|  |  | (66,949) |  | (78,825)
Net assets |  |  | 2,709,803 |  | 2,560,153
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 21,739 |  | 21,739
Share premium account |  |  | 102,548 |  | 102,548
Profit and loss account |  |  | 2,585,516 |  | 2,435,866
|  |  | 2,709,803 |  | 2,560,153
Page 5
BALICREST LIMITED REGISTERED NUMBER: 02284289 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 AUGUST 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 March 2026.
D McGee
Director
The notes on pages 8 to 14 form part of these financial statements. Page 6
BALICREST LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 AUGUST 2025
| Called up share capital | Share premium account | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 September 2023 | 21,739 | 102,548 | 2,404,307 | 2,528,594
Profit for the year | - | - | 103,559 | 103,559
Dividends: Equity capital | - | - | (72,000) | (72,000)
At 1 September 2024 | 21,739 | 102,548 | 2,435,866 | 2,560,153
Profit for the year | - | - | 203,650 | 203,650
Dividends: Equity capital | - | - | (54,000) | (54,000)
At 31 August 2025 | 21,739 | 102,548 | 2,585,516 | 2,709,803
| The notes on pages 8 to 14 form part of these financial statements.
Page 7
BALICREST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
The company is a private company limited by shares and incorporated in England and Wales. It's registered address is 71 Dukes Wood Drive, Gerrads Cross, Buckinghamshire, SL9 7LQ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 8
BALICREST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 9
BALICREST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 25% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.12 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 10
BALICREST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of company's accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are 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 according estimates are recognised in the period in which the estimates 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. a) Critical judgments in applying the Company's accounting policies The director believes that there are no critical judgments involved in applying the Company's accounting policies that warrant disclosure. b) Key accounting estimates and assumptions The director believes that there are no accounting estimates and assumptions involved in applying the Company's accounting policies that warrant disclosure.
4. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 11 | 13
Page 11
BALICREST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
5. | Tangible fixed assets
|  | Plant and machinery | Motor vehicles | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 September 2024 | 2,167,725 | 343,238 | 2,510,963
| Additions | 220,660 | - | 220,660
| At 31 August 2025 | 2,388,385 | 343,238 | 2,731,623
| Depreciation |  |  |
| At 1 September 2024 | 1,910,806 | 284,856 | 2,195,662
| Charge for the year on owned assets | 60,612 | 25,651 | 86,263
| At 31 August 2025 | 1,971,418 | 310,507 | 2,281,925
| Net book value |  |  |
| At 31 August 2025 | 416,967 | 32,731 | 449,698
| At 31 August 2024 | 256,919 | 58,382 | 315,301
Page 12
BALICREST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 196,235 | 254,600
| Other debtors | - | 12,792
|  | 196,235 | 267,392
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 2,279,026 | 2,230,771
|  | 2,279,026 | 2,230,771
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 47,055 | 108,022
| Corporation tax | 12,328 | 49,084
| Other taxation and social security | 41,482 | 14,243
| Other creditors | 7,457 | 3,137
| Accruals | 39,885 | -
|  | 148,207 | 174,486
Page 13
BALICREST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
9. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (78,825)
| Utilised in year | 11,876
| At end of year | (66,949)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (66,949) | (78,825)
|  | (66,949) | (78,825)
10. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £69,536 (2024 - £9,658) which includes £50,000 paid in respect of directors’ pension contributions and recognised within employers’ pension costs in the profit and loss account. Contributions totalling £1,120 (2024 - £Nil) were payable to the fund at the reporting date and are included in creditors.
Page 14