Blackdown Buildings Limited

Contents

Statement of Directors' Responsibilities	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Blackdown Buildings Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities 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 company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

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

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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

Blackdown Buildings Limited

Balance Sheet

31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	36,808	-
Current assets
Debtors	5	244,179	140,227
Cash at bank and in hand		285,055	141,416
		529,234	281,643
Creditors: Amounts falling due within one year	6	(158,786)	(56,523)
Net current assets		370,448	225,120
Total assets less current liabilities		407,256	225,120
Creditors: Amounts falling due after more than one year	6	(19,314)	-
Deferred Income		(203,889)	(77,658)
Provisions for liabilities		(9,204)	-
Net assets		174,849	147,462
Capital and reserves
Called up share capital	8	100	100
Profit and loss account		174,749	147,362
Shareholders' funds		174,849	147,462

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 May 2026 and signed on its behalf by:
 

......................................... R D Brooke Director

Company Registration Number: 08017394

Blackdown Buildings Limited

Notes to the Financial Statements

Year Ended 31 August 2025

1	General information

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

The address of its registered office is:
Fourways Cross
Hemyock
Cullompton
Devon
EX15 3PF

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006. There are no material departures from FRS 102.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

Having considered the company's forecasts and the available cash and banking facilities of the wider group, the directors are satisfied that the company has adequate resources available to discharge its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of timber buildings to customers. For most projects, revenue is recognised once a building has been completed on site. For larger projects, revenue is recognised in instalments with reference to stage of completion.

Deferred income

Deferred income represents deposits taken in advance for projects where the revenue has not been recognised at the year end.

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.

Blackdown Buildings Limited

Notes to the Financial Statements

Year Ended 31 August 2025

The current corporation 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.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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
Plant and Machinery	20% straight-line
Motor vehicles	20% straight-line

Leases

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.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Blackdown Buildings Limited

Notes to the Financial Statements

Year Ended 31 August 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors,
• Short term intercompany debtors and creditors,
• Cash and bank balances, and
• Hire purchase agreements.

All financial instruments are classified as basic.

 Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Basic financial assets comprise short term trade and other debtors, intercompany debtors and cash and bank balances. Basic financial liabilities comprise short term trade and other creditors and intercompany creditors.

Except for hire purchase agreements, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Hire purchase agreements are initially measured at transaction price, inluding transaction costs, and are subsequently carried at amortised cost using the effective interest method.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 11).

Blackdown Buildings Limited

Notes to the Financial Statements

Year Ended 31 August 2025

4	Tangible assets

	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 September 2024	26,000	4,029	30,029
Additions	-	40,900	40,900
Disposals	(26,000)	(1,492)	(27,492)
At 31 August 2025	-	43,437	43,437
Depreciation
At 1 September 2024	26,000	4,029	30,029
Charge for the year	-	4,092	4,092
Eliminated on disposal	(26,000)	(1,492)	(27,492)
At 31 August 2025	-	6,629	6,629
Carrying amount
At 31 August 2025	-	36,808	36,808
At 31 August 2024	-	-	-

5

Debtors

	2025 £	2024 £
Trade debtors	17,726	21,446
Amounts due from group undertakings	112,618	2,420
Other debtors	112,373	112,810
Prepayments	1,462	3,551
	244,179	140,227

Blackdown Buildings Limited

Notes to the Financial Statements

Year Ended 31 August 2025

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	13,634	-
Trade creditors		33,221	2,633
Social security and other taxes		33,664	16,573
Accrued expenses		29,056	16,290
Payments on account		49,211	21,027
		158,786	56,523

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	19,314	-

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	13,634	-

Other borrowings

Hire Purchase Liabilities is denominated in sterling with a nominal interest rate of 6.8%, and the final instalment is due on 2 January 2028. The carrying amount at year end is £32,948 (2024 - £Nil). The hire purchase liabilities are secured on the assets to which they relate.

8	Share capital

Allotted, called up and fully paid shares

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

Blackdown Buildings Limited

Notes to the Financial Statements

Year Ended 31 August 2025

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £2,112,018 (2024 - £2,178,760). The company has guaranteed bank loan finance taken out by its parent company, Brookridge Timber Limited.

10	Related party transactions

Summary of transactions with other related parties

Company over which a director has significant influence In previous years, the company advanced a loan of £112,293 to a company over which one of the directors has significant influence. The loan was made interest free and is repayable on demand. At the balance sheet date, the amount due to the company is £112,293 (2024 - £112,293).

11	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Robert Deare, who signed for and on behalf of PKF Francis Clark on 11 May 2026.

12	Parent undertaking

The company's immediate parent is Brookridge Timber Limited, incorporated in England & Wales.

 The ultimate controlling party is R D Brooke, by virtue of his majority shareholding in the ultimate parent company.