Company registration number 01687851 (England and Wales)
KENWOOD DAMP-PROOFING LIMITED
(FORMERLY KENWOOD DAMP-PROOFING P.L.C.)
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
KENWOOD DAMP-PROOFING LIMITED
(FORMERLY KENWOOD DAMP-PROOFING P.L.C.)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
KENWOOD DAMP-PROOFING LIMITED
(FORMERLY KENWOOD DAMP-PROOFING P.L.C.)
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
31 December 2025
31 January 2025
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
4
23,623
25,304
Current assets
Stocks
48,467
125,547
Debtors
5
1,399,975
609,941
Cash at bank and in hand
227,251
1,122,038
1,675,693
1,857,526
Creditors: amounts falling due within one year
6
(639,458)
(1,085,548)
Net current assets
1,036,235
771,978
Total assets less current liabilities
1,059,858
797,282
Provisions for liabilities
7
(59,181)
(214,423)
Net assets
1,000,677
582,859
Capital and reserves
Called up share capital
50,100
50,100
Capital redemption reserve
30,000
30,000
Profit and loss reserves
920,577
502,759
Total equity
1,000,677
582,859

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 August 2026 and are signed on its behalf by:
D J Skyte
Director
Company registration number 01687851 (England and Wales)
KENWOOD DAMP-PROOFING LIMITED
(FORMERLY KENWOOD DAMP-PROOFING P.L.C.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Kenwood Damp-proofing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kenwood House, 9 Greenhill Crescent, Watford Business Park, Watford, Hertfordshire, WD18 8QU.

1.1
Reporting period

The financial statements have been prepared for the 11 month period ending 31 December 2025 in order to align the year end for group reporting purposes. The comparative financial statements were prepared for the 1 2 month period ending 3 1 January 2025.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Revenue

Revenue comprises sales of services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

KENWOOD DAMP-PROOFING LIMITED
(FORMERLY KENWOOD DAMP-PROOFING P.L.C.)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% straight line
Fixtures and fittings
20% straight line
Computers
33% straight line

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.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
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 current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

KENWOOD DAMP-PROOFING LIMITED
(FORMERLY KENWOOD DAMP-PROOFING P.L.C.)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Provisions

Provisions are recognised when the company has a legal or constructive present obligation 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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

KENWOOD DAMP-PROOFING LIMITED
(FORMERLY KENWOOD DAMP-PROOFING P.L.C.)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Warranty provision

The warranty provision included within the provisions for liabilities balance relates to an estimate of the expected cost to the business for fulfilling the obligation under the warranty. There is estimation uncertainty in terms of the number of claims, timing and cost. The directors have reviewed the provision at the year end and still consider it to be an accurate reflection of the expected future cost of warranty related repairs.

KENWOOD DAMP-PROOFING LIMITED
(FORMERLY KENWOOD DAMP-PROOFING P.L.C.)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2025
Number
Number
Total
66
68
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2025
39,125
Additions
17,023
At 31 December 2025
56,148
Depreciation and impairment
At 1 February 2025
13,821
Depreciation charged in the period
18,704
At 31 December 2025
32,525
Carrying amount
At 31 December 2025
23,623
At 31 January 2025
25,304
5
Debtors
2025
2025
as restated
Amounts falling due within one year:
£
£
Trade debtors
221,280
149,817
Amounts owed by group undertakings
1,126,157
431,290
Other debtors
52,538
28,834
1,399,975
609,941
KENWOOD DAMP-PROOFING LIMITED
(FORMERLY KENWOOD DAMP-PROOFING P.L.C.)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2025
£
£
Trade creditors
170,622
158,949
Amounts owed to group undertakings
60,000
-
0
Corporation tax
136,013
347,736
Other taxation and social security
152,623
419,933
Other creditors
120,200
158,930
639,458
1,085,548
7
Provisions for liabilities
2025
2025
£
£
Warranty provision
57,633
211,998
Deferred tax liabilities
1,548
2,425
59,181
214,423

The warranty provision reflects the directors' opinion of the anticipated future costs from claims made under warranties during the normal course of business.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the period 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.

Senior Statutory Auditor:
Andrew Timms
Statutory Auditor:
UHY Hacker Young
Date of audit report:
6 August 2026
KENWOOD DAMP-PROOFING LIMITED
(FORMERLY KENWOOD DAMP-PROOFING P.L.C.)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 8 -
9
Related party transactions

The company has taken advantage of the exemption available under section 33.1A of FRS 102, from disclosing transactions entered into between two or more wholly-owned members of the group.

Rental costs of £161,814 (Jan 2025: £159,583) were paid to a former director during the period in respect of the leasehold property. There were no outstanding balances as at the period end (Jan 2025: £nil).

10
Prior period adjustment

In the prior period, a balance of £431,290 included within non-current debtors has been reclassified to current debtors as there was no legal right to offset the payment of the balance for over one year. The total effect of the above is shown on the restated balance sheet resulting in a £431,290 reclassification between current and non-current debtors. The debtors note in the accounts is also shown as restated. The above adjustments have £nil.

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