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REGISTERED NUMBER: 01158331 (England and Wales)

| I D Corcoran Building |

| Contractors Limited |

| Unaudited financial statements |

| for the year ended 31 July 2025 |

I D Corcoran Building

Contractors Limited (Registered number: 01158331)

Contents of the financial statements

For The Year Ended 31 July 2025

Page |

Company information | 1 |

Balance sheet | 2 |

Notes to the financial statements | 4 |

I D Corcoran Building

Contractors Limited

Company information

For The Year Ended 31 July 2025

| Director: | D A Corcoran

| Registered office: | Unit 2 The Barn

| Fambridge Road

| Mundon

| Maldon

| Essex

| CM9 6NL

| Registered number: | 01158331 (England and Wales)

| Accountants: | Clay Ratnage Strevens & Hills

| Chartered Accountants

| Construction House, Runwell Road

| Wickford

| Essex

| SS11 7HQ

I D Corcoran Building

Contractors Limited (Registered number: 01158331)

Balance sheet

31 July 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 798,332 |  | 814,279 |  |

Investment property | 5 | 400,000 |  | 400,000 |  |

1,198,332 |  | 1,214,279 |  |

Current assets

Debtors | 6 | 1,181,806 |  | 281,952 |  |

Cash at bank | 771,178 |  | 1,098,086 |  |

1,952,984 |  | 1,380,038 |  |

Creditors

Amounts falling due within one year | 7 | 916,493 |  | 467,316 |  |

Net current assets | 1,036,491 |  | 912,722 |  |

Total assets less current liabilities | 2,234,823 |  | 2,127,001 |  |

Provisions for liabilities | 8 | 93,478 |  | 97,465 |  |

Net assets | 2,141,345 |  | 2,029,536 |  |

Capital and reserves

Called up share capital | 200 |  | 200 |  |

Revaluation reserve | 223,735 |  | 223,735 |  |

Capital redemption reserve | 1,175 |  | 1,175 |  |

Retained earnings | 1,916,235 |  | 1,804,426 |  |

2,141,345 |  | 2,029,536 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

I D Corcoran Building

Contractors Limited (Registered number: 01158331)

Balance sheet - continued

31 July 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2026 and were signed by:

D A Corcoran - Director

I D Corcoran Building

Contractors Limited (Registered number: 01158331)

Notes to the financial statements

For The Year Ended 31 July 2025

1. | Statutory information

| I D Corcoran Building Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | Accounting policies

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| 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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | Straight line over 7 years

| Plant and machinery | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on both a straight line and a reducing balance basis.

| 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.

I D Corcoran Building

Contractors Limited (Registered number: 01158331)

Notes to the financial statements - continued

For The Year Ended 31 July 2025

2. | Accounting policies - continued

| Investment property

| Investment property is carried at fair value determined annually by the directors, having regard to professional advice taken personally, and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.

I D Corcoran Building

Contractors Limited (Registered number: 01158331)

Notes to the financial statements - continued

For The Year Ended 31 July 2025

2. | Accounting policies - continued

| Financial instruments

| The company has elected to apply Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets

| Basic financial assets, including trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently carried at amortised cost using the effective interest method, less any impairment provision. Where an arrangement constitutes a financing transaction, whereby payment is deferred beyond normal business terms, it is measured at the present value of future receipts discounted at a market rate of interest. Discounting is omitted where the effect is immaterial.

| Impairment of financial assets

| Financial assets are assessed for impairment at each reporting date. An impairment loss arises where events subsequent to initial recognition indicate that estimated future cash flows have been adversely affected, and is measured as the difference between the carrying amount and the present value of future cash flows at the original effective interest rate. Where the indicators of impairment subsequently reverse, the impairment loss may be reversed up to the original carrying amount, and is recognised in profit or loss.

| Financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of their contractual arrangements. An equity instrument is any contract that evidences a residual interest in the assets of the company after deduction of all its liabilities.

| Basic financial liabilities, including trade and other payables and bank and other loans, are initially measured at transaction price after transaction costs, or where a financing transaction exists, at the present value of future payments discounted at a market rate of interest. Discounting is omitted where the effect is immaterial. All debt instruments, including trade payables, are subsequently carried at amortised cost using the effective interest method.

| Trade payables are classified as current liabilities where payment is due within one year, and as non-current liabilities otherwise.

| Derecognition of financial instruments

| Financial assets are derecognised when contractual rights to future cash flows expire, are settled, or when the asset and substantially all risks and rewards of ownership are transferred to another party. Where significant risks and rewards are retained, the relevant portion continues to be recognised. Financial liabilities are derecognised when the related contractual obligations are discharged, cancelled or expire.

I D Corcoran Building

Contractors Limited (Registered number: 01158331)

Notes to the financial statements - continued

For The Year Ended 31 July 2025

2. | Accounting policies - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| 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 Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| 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.

| 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.

I D Corcoran Building

Contractors Limited (Registered number: 01158331)

Notes to the financial statements - continued

For The Year Ended 31 July 2025

2. | Accounting policies - continued

| 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.

| 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.

3. | Employees and directors

| The average number of employees during the year was 19 (2024 - 24 ) .

4. | Tangible fixed assets

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Cost

| At 1 August 2024 | 676,150 |  | 77,165 |  | 219,023 |  | 50,602 |  | 1,022,940 |  |

| Additions | - |  | 3,185 |  | 22,510 |  | 5,379 |  | 31,074 |  |

| At 31 July 2025 | 676,150 |  | 80,350 |  | 241,533 |  | 55,981 |  | 1,054,014 |  |

| Depreciation

| At 1 August 2024 | 22,012 |  | 39,532 |  | 121,860 |  | 25,257 |  | 208,661 |  |

| Charge for year | 4,412 |  | 10,226 |  | 25,231 |  | 7,152 |  | 47,021 |  |

| At 31 July 2025 | 26,424 |  | 49,758 |  | 147,091 |  | 32,409 |  | 255,682 |  |

| Net book value

| At 31 July 2025 | 649,726 |  | 30,592 |  | 94,442 |  | 23,572 |  | 798,332 |  |

| At 31 July 2024 | 654,138 |  | 37,633 |  | 97,163 |  | 25,345 |  | 814,279 |  |

I D Corcoran Building

Contractors Limited (Registered number: 01158331)

Notes to the financial statements - continued

For The Year Ended 31 July 2025

5. | Investment property

| Total

£ |

| Fair value

| At 1 August 2024

| and 31 July 2025 | 400,000 |  |

| Net book value

| At 31 July 2025 | 400,000 |  |

| At 31 July 2024 | 400,000 |  |

| The 2025 valuation was made by the director, having regard to professional advice taken personally, on an open market value for existing use basis.

| If the investment property had been accounted for under the historic cost accounting rules, the property would have been measured as follows:

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Historic cost |  | 121,033 |  | 121,033 |  |

6. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade debtors | 740,819 |  | 228,602 |  |

| Other debtors | 440,987 |  | 53,350 |  |

1,181,806 |  | 281,952 |  |

7. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade creditors | 704,434 |  | 49,609 |  |

| Taxation and social security | 122,917 |  | 340,164 |  |

| Other creditors | 89,142 |  | 77,543 |  |

916,493 |  | 467,316 |  |

8. | Provisions for liabilities

2025 | 2024 |

£ | £ |

| Deferred tax | 93,478 |  | 97,465 |  |

I D Corcoran Building

Contractors Limited (Registered number: 01158331)

Notes to the financial statements - continued

For The Year Ended 31 July 2025

8. | Provisions for liabilities - continued

| Deferred |

| tax |

£ |

| Balance at 1 August 2024 | 97,465 |  |

| Credit to Income statement during year | (3,987 | ) |

| Balance at 31 July 2025 | 93,478 |  |

9. | 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 represents contributions payable by the company to the fund and amounted to £13,446 (2024 - £13,458). Contributions totalling £3,010 (2024 - £2,473) were payable to the fund at the balance sheet date and are included in creditors.