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Registration number: 04883308

Stoneguard Projects Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Stoneguard Projects Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Stoneguard Projects Ltd

Company Information

Directors | A N Constantinou N A Constantinou R Hadjivassiliou

Registered office | 590 Green Lanes Palmers Green London N13 5RY

Accountants | Thomas Alexander & Co Limited 590 Green Lanes Palmers Green London N13 5RY

Stoneguard Projects Ltd

(Registration number: 04883308)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 99,395 | 85,434
Investments | 5 | 249 | 249
|  | 99,644 | 85,683
Current assets |  |  |
Stocks | 6 | 145,740 | 153,155
Debtors | 7 | 2,066,959 | 2,712,406
Cash at bank and in hand |  | 2,235,094 | 1,169,071
|  | 4,447,793 | 4,034,632
Creditors: Amounts falling due within one year | 8 | (2,187,889) | (1,386,647)
Net current assets |  | 2,259,904 | 2,647,985
Total assets less current liabilities |  | 2,359,548 | 2,733,668
Provisions for liabilities |  | (17,840) | (10,453)
Net assets |  | 2,341,708 | 2,723,215
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 2,341,608 | 2,723,115
Shareholders' funds |  | 2,341,708 | 2,723,215

Stoneguard Projects Ltd

(Registration number: 04883308)
Balance Sheet as at 30 September 2025

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

Directors' responsibilities:

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

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

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

......................................... A N Constantinou Director

Stoneguard Projects Ltd

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

1 | General information

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

The address of its registered office is:
590 Green Lanes
Palmers Green
London
N13 5RY

The principal place of business is:
726 Field End Road
Ruislip
HA4 0QP

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

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

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

Basis of preparation

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

Stoneguard Projects Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

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

Depreciation

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

Asset class | Depreciation method and rate
Motor vehicles | 25% straight line method
Plant and machinery | 20% straight line method

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

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

Stoneguard Projects Ltd

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Stoneguard Projects Ltd

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Share based payments

The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.
The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2024 - 16).

Stoneguard Projects Ltd

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

4 | Tangible assets

| Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 October 2024 | 158,707 | 234,598 | 393,305
Additions | 31,840 | 11,124 | 42,964
Disposals | (35,867) | - | (35,867)
At 30 September 2025 | 154,680 | 245,722 | 400,402
Depreciation
At 1 October 2024 | 124,075 | 183,796 | 307,871
Charge for the year | 16,618 | 12,385 | 29,003
Eliminated on disposal | (35,867) | - | (35,867)
At 30 September 2025 | 104,826 | 196,181 | 301,007
Carrying amount
At 30 September 2025 | 49,854 | 49,541 | 99,395
At 30 September 2024 | 34,632 | 50,802 | 85,434

5 | Investments

| 2025 £ | 2024 £
Investments in associates | 249 | 249

Associates | £
Cost
At 1 October 2024 | 249
Provision
Carrying amount
At 30 September 2025 | 249
At 30 September 2024 | 249

Stoneguard Projects Ltd

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

Aggregate financial information of associates

| 2025 £ | 2024 £

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Associates
Stoneguard Northern Ltd |  |  | 50% | 50%

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 145,740 | 153,155

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 961,210 | 857,722
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 11 | 1,008,977 | 1,429,889
Prepayments |  | - | 5,850
Other debtors |  | 96,772 | 418,945
|  | 2,066,959 | 2,712,406

Stoneguard Projects Ltd

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

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 1,849,154 | 1,131,513
Accruals and deferred income | 7,000 | 11,356
Taxation and social security | 78,291 | 81,799
Corporation tax liability | 223,017 | 154,538
Outstanding defined contribution pension costs | 6,241 | 3,000
HP and finance lease liabilities | - | 4,441
Other creditors | 24,186 | -
| 2,187,889 | 1,386,647

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

10 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £10,000 (2024 - £1,000) per ordinary share |  | 1,000,000 |  | 100,000

Stoneguard Projects Ltd

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

11 | Related party transactions

Summary of transactions with other related parties

Included in debtors is an amount of £1,008,977 (2024: £1,429,889) owed from Stoneguard (Holdings) Limited, the parent company.

12 | Parent and ultimate parent undertaking

The Company is a wholly owned subsidiary of Stoneguard (Holdings) Ltd, a company incorporated in the UK.

13 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £56,604 (2024 - £43,285).