Registration number: 13274551

172 CCR Limited

Contents

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

172 CCR Limited

Company Information

Directors

M P Ruckwood (appointed 5 March 2025) S C Philpot (appointed 5 March 2025) A B Collier (ceased 24 May 2024) O B Collier (ceased 24 May 2024) S J Huntley (appointed 19 April 2024 and ceased 5 March 2025)

Registered office

Bank Court 12A Manor Road Verwood Dorset BH31 6DY

Accountants

Grant Sellers Limited Bank Court 12A Manor Road Verwood Dorset BH31 6DY

172 CCR Limited

(Registration number: 13274551)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	154,857
Current assets
Stocks	5	13,411,945	11,823,715
Debtors	6	130,000	11,400
Cash at bank and in hand		332	70,679
		13,542,277	11,905,794
Creditors: Amounts falling due within one year	7	(10,313,161)	(7,091,806)
Net current assets		3,229,116	4,813,988
Total assets less current liabilities		3,229,116	4,968,845
Creditors: Amounts falling due after more than one year	7	-	(5,010,511)
Provisions for liabilities		(72,976)	-
Net assets/(liabilities)		3,156,140	(41,666)
Capital and reserves
Called up share capital	8	106	106
Other reserves		5,169,603	-
Retained earnings		(2,013,569)	(41,772)
Shareholders' funds/(deficit)		3,156,140	(41,666)

For the financial period ending 31 May 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 period 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

172 CCR Limited

(Registration number: 13274551)
Balance Sheet as at 31 May 2025 (continued)

Approved and authorised by the Board on 31 May 2026 and signed on its behalf by:
 

......................................... M P Ruckwood Director

172 CCR Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 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:
Bank Court
12A Manor Road
Verwood
Dorset
BH31 6DY

These financial statements were authorised for issue by the Board on 31 May 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.

The accounts are presented in pound sterling and rounded to the nearest £1.

Going concern

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

Revenue recognition

Turnover represents sales of properties, excluding value added tax, and is recognised on the date of completion. Income also includes short term rental income and is recognised on an accruals basis.

Tax

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.

172 CCR Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)

2	Accounting policies (continued)

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
Office equipment	25% Straight line
Motor Vehicles	15% Reducing Balance

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.

Stocks

Inventories are carried at the lower of cost and net realisable value.The cost of work-in-progress comprises purchase cost of propertie, direct labour and construction costs and other direct costs and includes borrowing costs. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and applicable variable selling expenses

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

172 CCR Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)

2	Accounting policies (continued)

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2024 - 1).

172 CCR Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)

4	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	1,083	181,535	182,618
Disposals	(1,083)	(181,535)	(182,618)
At 31 May 2025	-	-	-
Depreciation
At 1 April 2024	531	27,230	27,761
Eliminated on disposal	(531)	(27,230)	(27,761)
At 31 May 2025	-	-	-
Carrying amount
At 31 May 2025	-	-	-
At 31 March 2024	552	154,305	154,857

5

Stocks

	2025 £	2024 £
Work in progress	13,411,945	11,823,715

6

Debtors

Current	2025 £	2024 £
Other debtors	130,000	11,400
	130,000	11,400

7

Creditors

Creditors: amounts falling due within one year

172 CCR Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)

7	Creditors (continued)

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	10,285,104	6,459,069
Trade creditors		4,695	7,572
Taxation and social security		4,521	4,467
Accruals and deferred income		18,841	76,403
Other creditors		-	544,295
		10,313,161	7,091,806

172 CCR Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)

7	Creditors (continued)

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	-	118,804
Other non-current financial liabilities		-	4,891,707
		-	5,010,511

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £0.10 each	1,064	106	1,064	106

9

Reserves

Movements included within other reserves relate to the outstanding balances which were payable to the previous owners of the business but were waviered for profit share agreements, in line with the Share purchase agreement which was signed and actioned on 5 March 2025.

172 CCR Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)

9	Reserves (continued)

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	-	118,804

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	8,300,411	6,438,750
Hire purchase contracts	-	20,319
Borrowings from related parties	1,984,693	-
	10,285,104	6,459,069

Bank borrowings

Hampshire Trust Bank Plc Loan is denominated in Pound Sterling with a nominal interest rate of 11.4% per annum, and the final instalment is due on 21.02.2026 The carrying amount at period end is £8,059,998 (2024 - £Nil). The company has a loan facility of £8,189,998 provided by Hampshire Trust Bank Plc which is a rolling facility being provided. A director of the company has provided a personal guarentee in relation to this loan, amounting to £4,504,499 which reduces to £2,047,499 upon certain caveats being met. Additionally, there are two fixed charges raised over the company's assets in relation to this loan agreement.

11	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £72,976 (2024 - £Nil). Provisions at the balance sheet date include £72,975.79 representing a final balancing payment due under a hire purchase agreement. This obligation was subsequently settled in full following the year end following the return of the associated assets to the lender.

12	Related party transactions

Summary of transactions with other related parties

172 CCR Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)

12	Related party transactions (continued)

Included within creditors falling due within one year are interest-free borrowings from entities related by virtue of common control.
The amount which was outstanding to related parties at the year end was £1,984,693 (2024: £5,169,602).

 The balances represent interest-free loans advanced to the company for working capital purposes. The amounts have no fixed repayment date, are repayable on demand, and carry no guarantees. During the year £5,169,602 was waivered in return for a profit share agreement for all related parties depending on thresholds set out later in these accounts (2024: £Nil).
 

13	Off-balance sheet arrangements

Contingent Liabilities
Following a change in company ownership during the period, an agreement was reached to restructure outstanding liabilities due to former shareholders. Under the revised terms, the repayment of these amounts is contingent upon the company achieving specific performance benchmarks:



Initial Profit Tier:
For profits realised up to £6,342,116, a sum equivalent to 21.17% of such profits shall be applied toward the settlement of the outstanding balances.



Secondary Profit Tier:
For the subsequent £4,066,866 of profits achieved thereafter, 100% of such funds will be allocated to the full repayment of the remaining balances owed to the previous owners.



As at the balance sheet date, the directors have assessed the probability of these benchmarks being met and have accounted for the liability in accordance with the company's accounting policy on contingent considerations and financial instruments.