Sendrig Construction Limited - Filleted accounts

Registered number

01553671

Sendrig Construction Limited

Filleted Accounts

31 August 2025

Sendrig Construction Limited
Registered number:		01553671
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		99,604			21,082
Investments	4		5,035,161			4,966,191
			5,134,765			4,987,273

Current assets
Stocks		3,250			3,250
Work in progress		-			375,723
Debtors	5	2,587,085			1,969,940
Cash at bank and in hand		566,134			790,102
		3,156,469			3,139,015

Creditors: amounts falling due within one year	6	(3,343,182)			(3,295,609)

Net current liabilities			(186,713)			(156,594)

Total assets less current liabilities			4,948,052			4,830,679

Creditors: amounts falling due after more than one year			-			-

Provisions for liabilities			(57,608)			(57,608)

Net assets			4,890,444			4,773,071

Capital and reserves
Called up share capital			100			100
Fair value reserve			169,848			169,848
Profit and loss account			4,720,496			4,603,123

Shareholders' funds			4,890,444			4,773,071

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Michael Kevin Lee
Director
Approved by the board on 11 February 2026

Sendrig Construction Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			10 - 33% per annum, straight line
	Fixtures, fittings, tools and equipment			25% per annum, straight line

	Investment properties

	Investment properties are included at fair value. Gains and losses are recognised in the profit
	and loss account. Deferred taxation is provided on these gains and losses at the rate expected
	to apply when the property is sold.

	The properties were valued by the directors with the benefit of professional external valuers and
	derived from the current market rents and property investment yields for comparable real estate,
	adjusted if necessary for any difference in the nature, location or condition of the specific asset.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Deferred taxation
	Deferred taxation is provided on the liability method to take account of timing differences
	between the treatment of certain items for accounts purposes and their treatment for tax
	purposes.

	Deferred tax asset
	Deferred tax asset is provided on fair value losses arising as a result of investment properties
	being included at open market valuation on freehold property.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					33		31


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 September 2024			73,451		215,292		288,743
	Additions			471		101,133		101,604
	Disposals			-		(8,295)		(8,295)
	At 31 August 2025			73,922		308,130		382,052

	Depreciation
	At 1 September 2024			63,701		203,960		267,661
	Charge for the year			2,596		20,486		23,082
	On disposals			-		(8,295)		(8,295)
	At 31 August 2025			66,297		216,151		282,448

	Net book value
	At 31 August 2025			7,625		91,979		99,604
	At 31 August 2024			9,750		11,332		21,082



4	Investments
Investments
Freehold
Property					Total
£					£
	Cost
	At 1 September 2024			4,966,191				4,966,191
	Additions			68,970				68,970
	Revaluation			-				-
	Disposals			-				-

	At 31 August 2025			5,035,161				5,035,161

	Historical cost
	At 1 September 2024			4,742,015
	At 31 August 2025			4,742,015

	The fair value of investment properties at the reporting date was based on a valuation carried out
	by the directors with the benefit of a valuation carried out by an independent firm of chartered
	surveyors in 2021. The valuation was arrived at by reference to market evidence of transaction
	prices for similar properties in its location, together with a review of property rental yields. No
	depreciation is provided for these investment properties.

5	Debtors					2025		2024
£							£

	Trade debtors					1,053,298		950,604
	Amounts recoverable on contracts					1,042,005		710,081
	Deferred tax asset					53,483		53,483
	Other debtors					438,299		255,772
						2,587,085		1,969,940

	Amounts due after more than one year included above					53,483		53,483


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					2,204,943		2,204,943
	Trade creditors					880,205		851,683
	Taxation and social security costs					227,931		199,133
	Other creditors					30,103		39,850
						3,343,182		3,295,609


7	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					117,300		117,300


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Rita Lee	30,821		39,393		-		70,214

	Michael Kevin Lee	72,790		-		-		72,790

		103,611		39,393		-		143,004


9	Other information

	Sendrig Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Andrew House
	4 Benton Terrace
	Jesmond
	Newcastle upon Tyne
	NE2 1QU