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Registration number: 03306499

Peter Baldwin Construction Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Peter Baldwin Construction Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Peter Baldwin Construction Limited

(Registration number: 03306499)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 454,306 | 516,423
Current assets |  |  |
Debtors | 5 | 147,855 | 267,057
Cash at bank and in hand |  | 529,165 | 351,595
|  | 677,020 | 618,652
Creditors: Amounts falling due within one year | 6 | (467,392) | (452,338)
Net current assets |  | 209,628 | 166,314
Total assets less current liabilities |  | 663,934 | 682,737
Creditors: Amounts falling due after more than one year | 6 | (4,659) | (56,007)
Provisions for liabilities |  | (113,576) | (129,106)
Net assets |  | 545,699 | 497,624
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 545,599 | 497,524
Shareholders' funds |  | 545,699 | 497,624

Peter Baldwin Construction Limited

(Registration number: 03306499)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 year 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.

Approved and authorised by the Board on 10 August 2026 and signed on its behalf by:

......................................... Mr P N Baldwin Director

Peter Baldwin Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

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

The address of its registered office is:
Boakley Farm
Brokenborough
Malmesbury
Wiltshire
SN16 0QZ
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Government grants

Government grants are accounted for as revenue based grants under the accrual model in the period in which they are receivable.

Tax

The tax expense for the period comprises current tax payable and deferred taxation.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Peter Baldwin Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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 | 15% reducing balance basis
Motor vehicles | 25% reducing balance basis
Office equipment | 33% reducing balance basis
Fixtures and fittings | 15% reducing balance basis

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

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.

Peter Baldwin Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 17).

Peter Baldwin Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Office equipment £ | Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 34,378 | 20,864 | 837,150 | 313,974 | 1,206,366
Additions | 3,309 | 634 | 28,417 | - | 32,360
At 31 December 2025 | 37,687 | 21,498 | 865,567 | 313,974 | 1,238,726
Depreciation
At 1 January 2025 | 27,328 | 18,017 | 468,367 | 176,231 | 689,943
Charge for the year | 2,640 | 514 | 56,887 | 34,436 | 94,477
At 31 December 2025 | 29,968 | 18,531 | 525,254 | 210,667 | 784,420
Carrying amount
At 31 December 2025 | 7,719 | 2,967 | 340,313 | 103,307 | 454,306
At 31 December 2024 | 7,050 | 2,847 | 368,783 | 137,743 | 516,423

Peter Baldwin Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 8,693 | 154,210
Prepayments | 66,864 | 68,931
Other debtors | 72,298 | 43,916
| 147,855 | 267,057

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 51,312 | 65,031
Trade creditors |  | 203,450 | 99,098
Taxation and social security |  | 193,668 | 122,945
Other creditors |  | 18,962 | 165,264
|  | 467,392 | 452,338

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 4,659 | 56,007

Peter Baldwin Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 4,408 | 10,396
Hire purchase contracts | 46,904 | 54,635
| 51,312 | 65,031

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 4,409
Hire purchase contracts | 4,659 | 51,598
| 4,659 | 56,007

8 | Related party transactions

Other transactions with directors

Summary of transactions with other related parties

At the end of the year, £59,000 (2024 £39,000) was due from Baldwin Farming. Mr P Baldwin, Mrs R Baldwin and Mr M Baldwin are partners of Baldwin Farming.
During the year there was a loan to Bobhills Limited, a company under common control through the same directors. The loan balance at the end of the year, £7,400 (2024 Nil).