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Company No: 08293716 (England and Wales)

# OTTER CONSTRUCT LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

OTTER CONSTRUCT LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

OTTER CONSTRUCT LIMITED

## BALANCE SHEET

As at 30 September 2025
OTTER CONSTRUCT LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 170,707 |  | 179,059
|  | 170,707 |  | 179,059
Current assets |  |  |  |
Stocks | 4 | 2,761,820 |  | 6,313,869
Debtors | 5 | 350,082 |  | 172,444
Cash at bank and in hand |  | 7,838,888 |  | 2,286,951
|  | 10,950,790 |  | 8,773,264
Creditors: amounts falling due within one year | 6 | ( 1,225,230) |  | ( 862,701)
Net current assets |  | 9,725,560 |  | 7,910,563
Total assets less current liabilities |  | 9,896,267 |  | 8,089,622
Provision for liabilities |  | ( 42,484) |  | ( 44,765)
Net assets |  | 9,853,783 |  | 8,044,857
Capital and reserves |  |  |  |
Called-up share capital | 7 | 1,512 |  | 1,512
Capital redemption reserve |  | 27 |  | 27
Profit and loss account |  | 9,852,244 |  | 8,043,318
Total shareholders' funds |  | 9,853,783 |  | 8,044,857

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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Otter Construct Limited (registered number: 08293716) were approved and authorised for issue by the Board of Directors on 08 May 2026. They were signed on its behalf by:

A Lehner Director |

OTTER CONSTRUCT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
OTTER CONSTRUCT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Otter Construct Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover and profit in respect of speculative builds are recognised on completion of sale of each property.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
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. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 5 years straight line
Vehicles | 4 years straight line
Fixtures and fittings | 5 years straight line
Office equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Stocks and work in progress are stated at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost comprises land and associated acquisition costs, direct materials and subcontract work, other direct costs and those overheads (based on normal operating capacity) that have been incurred in bringing the inventories to their present location and condition, excluding borrowing costs.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 4

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 October 2024 | 163,952 |  | 107,714 |  | 5,633 |  | 6,322 |  | 283,621
Additions | 7,600 |  | 37,054 |  | 0 |  | 0 |  | 44,654
At 30 September 2025 | 171,552 |  | 144,768 |  | 5,633 |  | 6,322 |  | 328,275
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 October 2024 | 55,817 |  | 40,302 |  | 5,633 |  | 2,810 |  | 104,562
Charge for the financial year | 27,046 |  | 24,882 |  | 0 |  | 1,078 |  | 53,006
At 30 September 2025 | 82,863 |  | 65,184 |  | 5,633 |  | 3,888 |  | 157,568
Net book value |  |  |  |  |  |  |  |  |
At 30 September 2025 | 88,689 |  | 79,584 |  | 0 |  | 2,434 |  | 170,707
At 30 September 2024 | 108,135 |  | 67,412 |  | 0 |  | 3,512 |  | 179,059

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Work in progress | 2,761,820 |  | 6,313,869

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 39,685 |  | 9,667
Other debtors | 310,397 |  | 162,777
| 350,082 |  | 172,444

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 292,748 |  | 291,446
Taxation and social security | 647,538 |  | 295,478
Other creditors | 284,944 |  | 275,777
| 1,225,230 |  | 862,701

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
432 A ordinary shares of £ 1.00 each | 432 |  | 432
432 B ordinary shares of £ 1.00 each | 432 |  | 432
216 C ordinary shares of £ 1.00 each | 216 |  | 216
432 D ordinary shares of £ 1.00 each | 432 |  | 432
| 1,512 |  | 1,512