REGISTERED NUMBER: 11806378 (England and Wales)

ALL ABOUT THE BUILDINGS LIMITED

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

17

DIRECTORS:

S C Prebble

L Jones

B M Jellett

REGISTERED OFFICE:

Unit 2 Station Industrial Estate

Duncan Road

Park Gate

Southampton

SO31 1BX

REGISTERED NUMBER:

11806378 (England and Wales)

AUDITORS:

Rothmans Audit LLP

Statutory Auditors

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

The directors present their strategic report of the company and the group for the year ended 31 May 2025.

REVIEW OF BUSINESS

Following the sale of our Southampton premises in December 2024, sales for the year fell to £25.6m although gross profit margins remained at previous levels, with gross profit margins of 3.4%.

Whilst the sale of Southampton and the subsequent reduction in mortgages resulted in reduced interest charges, we did not achieve expected savings in head count so administrative expenses didn't fall in line with the reduced gross profit resulting in higher operating losses.

Due to the higher operating losses incurred, the net assets have reduced from £3.08m to £2.46m. However, the directors consider the year end position to be satisfactory, with a reduction in debt at 31 May 2025, which has been fully repaid post year end.

PRINCIPAL RISKS AND UNCERTAINTIES

The Group is subject to a number of risks, the most significant being stock values and interest charges. The directors constantly monitor market conditions and modify stocking and pricing policies to manage and reflect the prevailing economic conditions.

KEY PERFORMANCE INDICATORS

The Group's key performance indicators are considered to be turnover and gross profit. These have been discussed within the Review of Business above.

ON BEHALF OF THE BOARD:

L Jones - Director

27 May 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 May 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31 May 2025 will be £nil.

FUTURE DEVELOPMENTS

Following the closure of two retail outlets in recent years, we will continue to focus on used car sales at our sites in Havant and Swanwick.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2024 to the date of this report.

S C Prebble

L Jones

B M Jellett

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

Price risk

The Group is exposed to the risk of the value of its stock falling due to general economic or industry specific factors, as are all businesses in this industry. The directors mitigate this risk by ensuring they only carry stock of a suitable profile and price range, and closely monitor the ageing of stock to ensure a suitable stock turn is maintained.

Credit risk

Due to the nature of the financial instruments used by the Group there is no exposure to credit risk.

Liquidity risk

This is managed by ensuring that stock levels are carefully controlled and adequate financing arrangements are in place to meet the Group's needs. The company maintains a strong relationship with its bankers.

Cash flow risk

The Group manages its cash flow risk by ensuring sufficient funds are available to meet amounts due.

THIRD PARTY INDEMNITIES

Qualifying third party indemnity provisions for the benefit of the directors were in force during the year under review and remain in force as at the date of approval of the financial statements.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 the group 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;

-	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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Rothmans Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

L Jones - Director

27 May 2026

Opinion

We have audited the financial statements of All About The Buildings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 May 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of 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 of the parent company affairs as at 31 May 2025 and of the group's loss 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 the 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 directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

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 its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities set out on page three, 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 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 group's and 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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:

We obtained an understanding of the legal and regulatory framework that the Group operates in, focusing on those laws and regulations that had a direct effect on the Financial Statements or that had a fundamental effect on the operations of the Group. The key laws and regulations we considered in this context included the UK Companies Act.

Discussions were held within the engagement team regarding how and where fraud might occur in the Financial Statements and any potential indicators of fraud. As part of this discussion, we identified potential risk areas such as the completeness of revenue. Audit procedures were designed to ensure all of the risks were addressed.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

o

enquiring of management as to actual and potential litigation and claims; and

o

reviewing any correspondence with regulators and the Group's legal advisors.

To address the risk of fraud through management bias and override of controls, we:

o

performed analytical procedures to identify any unusual or unexpected relationships;

o

tested journal entries to identify unusual transactions; and

o

assessed whether judgements and assumptions contained any indication of potential bias.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, 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 members those matters we are required to state to them in a Report of the Auditors 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Kevin Richards (Senior Statutory Auditor)

for and on behalf of Rothmans Audit LLP

Statutory Auditors

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

27 May 2026

TURNOVER

3

25,643,954

31,330,698

Cost of sales

24,764,539

30,282,262

GROSS PROFIT

879,415

1,048,436

Administrative expenses

1,384,711

1,305,881

OPERATING LOSS

5

(505,296

)

(257,445

)

Interest payable and similar expenses

6

117,734

159,255

LOSS BEFORE TAXATION

(623,030

)

(416,700

)

Tax on loss

7

-

(12,324

)

LOSS FOR THE FINANCIAL YEAR

(623,030

)

(404,376

)

Loss attributable to:

Owners of the parent

(623,030

)

(404,376

)

LOSS FOR THE YEAR

(623,030

)

(404,376

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(623,030

)

(404,376

)

Total comprehensive income attributable to:

Owners of the parent

(623,030

)

(404,376

)

FIXED ASSETS

Tangible assets

11

3,004,664

4,140,754

Investments

12

-

-

Investment property

13

1,064,886

1,064,886

4,069,550

5,205,640

CURRENT ASSETS

Stocks

14

3,501,463

4,239,634

Debtors

15

451,846

467,531

Cash at bank

154,245

211,212

4,107,554

4,918,377

CREDITORS

Amounts falling due within one year

16

4,294,816

5,256,567

NET CURRENT LIABILITIES

(187,262

)

(338,190

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,882,288

4,867,450

CREDITORS

Amounts falling due after more than one year

17

(1,386,374

)

(1,658,018

)

PROVISIONS FOR LIABILITIES

20

(34,818

)

(125,306

)

NET ASSETS

2,461,096

3,084,126

CAPITAL AND RESERVES

Called up share capital

21

3,333,000

3,333,000

Retained earnings

22

(871,904

)

(248,874

)

SHAREHOLDERS' FUNDS

2,461,096

3,084,126

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

L Jones - Director

FIXED ASSETS

Tangible assets

11

3,004,664

4,139,571

Investments

12

200

100

Investment property

13

1,064,886

1,064,886

4,069,750

5,204,557

CURRENT ASSETS

Stocks

14

22,930

288,706

Debtors

15

122,597

278,262

Cash at bank

60,529

35,816

206,056

602,784

CREDITORS

Amounts falling due within one year

16

462,501

772,215

NET CURRENT LIABILITIES

(256,445

)

(169,431

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,813,305

5,035,126

CREDITORS

Amounts falling due after more than one year

17

1,386,374

1,658,018

NET ASSETS

2,426,931

3,377,108

CAPITAL AND RESERVES

Called up share capital

21

3,333,000

3,333,000

Retained earnings

22

(906,069

)

44,108

SHAREHOLDERS' FUNDS

2,426,931

3,377,108

Company's loss for the financial year

(950,177

)

(30,625

)

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

L Jones - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 June 2023

3,333,000

205,502

3,538,502

Changes in equity

Dividends

-

(50,000

)

(50,000

)

Total comprehensive income

-

(404,376

)

(404,376

)

Balance at 31 May 2024

3,333,000

(248,874

)

3,084,126

Changes in equity

Total comprehensive income

-

(623,030

)

(623,030

)

Balance at 31 May 2025

3,333,000

(871,904

)

2,461,096

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 June 2023

3,333,000

124,733

3,457,733

Changes in equity

Dividends

-

(50,000

)

(50,000

)

Total comprehensive income

-

(30,625

)

(30,625

)

Balance at 31 May 2024

3,333,000

44,108

3,377,108

Changes in equity

Total comprehensive income

-

(950,177

)

(950,177

)

Balance at 31 May 2025

3,333,000

(906,069

)

2,426,931

Cash flows from operating activities

Cash generated from operations

1

(179,468

)

189,970

Interest paid

(117,734

)

(159,255

)

Tax paid

(4,278

)

(13,664

)

Net cash from operating activities

(301,480

)

17,051

Cash flows from investing activities

Purchase of tangible fixed assets

-

(22,537

)

Sale of tangible fixed assets

895,140

-

Net cash from investing activities

895,140

(22,537

)

Cash flows from financing activities

New bank loans in year

168,872

-

Bank loan repayments in year

(1,049,021

)

(293,428

)

Stocking loan movement

229,522

222,682

Equity dividends paid

-

(50,000

)

Net cash from financing activities

(650,627

)

(120,746

)

Decrease in cash and cash equivalents

(56,967

)

(126,232

)

Cash and cash equivalents at beginning of year

2

211,212

337,444

Cash and cash equivalents at end of year

2

154,245

211,212

1.	RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Loss before taxation

(623,030

)

(416,700

)

Depreciation charges

36,697

66,494

Loss on disposal of fixed assets

204,253

-

Movement in provisions

(90,488

)

(79,097

)

Finance costs

117,734

159,255

(354,834

)

(270,048

)

Decrease/(increase) in stocks

738,171

(100,288

)

Decrease/(increase) in trade and other debtors

19,963

(192,656

)

(Decrease)/increase in trade and other creditors

(582,768

)

752,962

Cash generated from operations

(179,468

)

189,970

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 May 2025

31/5/25

1/6/24

£

£

Cash and cash equivalents

154,245

211,212

Year ended 31 May 2024

31/5/24

1/6/23

£

£

Cash and cash equivalents

211,212

337,444

3.	ANALYSIS OF CHANGES IN NET DEBT

Other

non-cash

At 1/6/24

Cash flow

changes

At 31/5/25

£

£

£

£

Net cash

Cash at bank

211,212

(56,967

)

154,245

211,212

(56,967

)

154,245

Debt

Debts falling due

within 1 year

(3,273,692

)

650,627

(929,748

)

(3,552,813

)

Debts falling due

after 1 year

(1,658,018

)

-

271,644

(1,386,374

)

(4,931,710

)

650,627

(658,104

)

(4,939,187

)

Total

(4,720,498

)

593,660

(658,104

)

(4,784,942

)

1.	COMPANY INFORMATION

All About The Buildings Limited was incorporated on 5 February 2019 under the Companies Act 2006, as a private company limited by shares and is registered in England and Wales. The principal activity of the Group is the sale and service of second hand vehicles. The address of its head office and registered office is Unit 2 Station Industrial Estate, Duncan Road, Park Gate, Southampton, SO31 1BX.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency is £ sterling.

Going concern

The financial statements have been prepared on the going concern basis.

Financial reporting standard 102 - reduced disclosure exemptions

The parent company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

o the requirements of Section 7 Statement of Cash Flows;

o the requirement of paragraph 3.17(d);

o the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

o the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

o the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

o the requirement of paragraph 33.7.

Basis of consolidation

The group financial statements consolidate the accounts of All About The Buildings Limited and its subsidiary companies. These financial statements are made up to 31 May 2025.

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

Unless otherwise stated, the acquisition method of accounting has been adopted. Under this method the results of subsidiary companies acquired or disposed of in the year are included in the Consolidated Income Statement from the date of acquisition or up to the date of disposal.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Leases

A lease that does not transfer substantially all of the risks and rewards of ownership is classified as an operating lease and is therefore not included in the statement of financial position.

Other key sources of estimation uncertainty;

Fair value of investment property

The fair value of the property is subject to estimation by the directors. In considering the fair value, directors review rental yields, market conditions and make reference to external professional valuations.

Turnover

Turnover represents net sales during the year (excluding value added tax and discounts) adjusted for accrued and deferred income where applicable.

Turnover relates to the sale and servicing of vehicles, commissions receivable and rental income. Vehicle sales are recognised when the goods are delivered to or collected by the customer. Turnover from the service of vehicles is recognised when the work is complete. Turnover arising from commissions is recognised when the customer is in receipt of the goods the commission relates to. Turnover arising from rental income is recognised on a straight line basis in accordance with the terms of the leases.

Tangible fixed assets

All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

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

Freehold property (excluding land)

50 years straight line

Fixtures and fittings

12 - 36 months straight line

Motor vehicles

12 - 36 months straight line

Computer equipment

12 - 36 months straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Consolidated Income Statement.

No depreciation is provided on freehold land.

The directors have elected to classify properties rented to group companies as freehold properties within the parent company's accounts as permitted by FRS 102.

Investments in subsidiaries

Investments in subsidiaries are recognised at cost less impairment in the Company's individual financial statements. Investments are reviewed for impairment annually.

Investment property

Investment property is shown at fair value as estimated by the directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Consolidated Income Statement.