C.J. Construction (Wales) Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—10

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Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 04102442

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		657,237		452,929
Investment Properties	5		459,734		455,051

			1,116,971		907,980
CURRENT ASSETS
Stocks	6	257,000		356,960
Debtors	7	1,405,454		1,533,551
Cash at bank and in hand		808,349		509,680

		2,470,803		2,400,191
Creditors: Amounts Falling Due Within One Year	8	(918,070 )		(945,595 )

NET CURRENT ASSETS (LIABILITIES)			1,552,733		1,454,596

TOTAL ASSETS LESS CURRENT LIABILITIES			2,669,704		2,362,576

Creditors: Amounts Falling Due After More Than One Year	9		(281,890 )		(303,786 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(81,083 )		(55,038 )

NET ASSETS			2,306,731		2,003,752

CAPITAL AND RESERVES
Called up share capital	12		5,300		5,300
Capital redemption reserve			1,500		1,500
Profit and Loss Account			2,299,931		1,996,952

SHAREHOLDERS' FUNDS			2,306,731		2,003,752

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C.J. Construction (Wales) Limited

Balance Sheet (continued)

As At 31 December 2025

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

R W Jones

Director

17 August 2026

The notes on pages 4 to 10 form part of these financial statements.

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C.J. Construction (Wales) Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

C.J. Construction (Wales) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04102442 . The registered office is The Builders Yard, Somerset Lane, Taibach, Port Talbot, SA13 1UA.

These financial statements are presented in pounds sterling (£), which is the company’s functional and presentational currency. All amounts are rounded to the nearest pound unless otherwise stated.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are

provided in accordance with the stage of completion of the contract when all of the following

conditions are satisfied:

the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract
the the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on cost
Plant & Machinery	10% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	15% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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C.J. Construction (Wales) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Work in progress represents the amounts recoverable on each contract in progress at the statement of financial position date qualified by the directors. Costs of work done to date, including materials and sub-contractor costs, are taken into consideration before arriving at a valuation by reference to the stage of completion. The company includes provisions in their valuations for unforeseen costs based on their risk and likelihood of costs being incurred.

2.7. Financial Instruments

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market

rate of interest.

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

2.8. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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C.J. Construction (Wales) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 30 (2024: 32)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2025	105,593	253,187	409,317	1,254	769,351
Additions	227,955	20,605	16,839	367	265,766

As at 31 December 2025	333,548	273,792	426,156	1,621	1,035,117

...CONTINUED

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C.J. Construction (Wales) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	4,928	103,923	206,533	1,038	316,422
Provided during the period	2,112	17,666	41,563	117	61,458

As at 31 December 2025	7,040	121,589	248,096	1,155	377,880

Net Book Value
As at 31 December 2025	326,508	152,203	178,060	466	657,237

As at 1 January 2025	100,665	149,264	202,784	216	452,929

Included in cost of land and buildings is freehold land of £227,955 (2024: NIL) which is not depreciated.

5. Investment Property

	2025
	£
Fair Value
As at 1 January 2025	455,051
Additions	4,683

As at 31 December 2025	459,734

6. Stocks

	2025	2024
	£	£
Stock	21,000	57,500
Work in progress	236,000	299,460

	257,000	356,960

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	283,759
Amounts owed by group undertakings	1,010,733	1,010,589
Other debtors	394,721	239,203

	1,405,454	1,533,551

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C.J. Construction (Wales) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,333	51,179
Trade creditors	392,531	524,127
Other loans	48,093	42,030
Other creditors	35,144	193,727
Taxation and social security	426,969	134,532

	918,070	945,595

Other loans balance is a loan from Funding Circle. This was drawn down on 9 September 2024 and is due for repayment on 9 September 2030. The loan attacts a fixed interest rate of 13% per annum.

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	3,125	5,958
Other loans	249,735	297,828
Other creditors	29,030	-

	281,890	303,786

Other loans balance is a loan from Funding Circle. This was drawn down on 9 September 2024 and is due for repayment on 9 September 2030. The loan attacts a fixed interest rate of 13% per annum.

10. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	18,458		57,137

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	15,333	51,179
Later than one year and not later than five years	3,125	5,958

	18,458	57,137

	18,458	57,137

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C.J. Construction (Wales) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5,300	5,300

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Alexander Holland	-	150	-	-	150
Mr Russell Jones	-	150	-	-	150

The loan is unsecured and repayable on demand. No interest is charged on balances up to £10,000, with interest only applying to any amount above this threshold at HMRC’s official rate.

14. Post Balance Sheet Events

Subsequent to the year end, the company secured funding of £2,567,004 in connection with a construction project, comprising a loan facility of £987,522 and grant funding of approximately £1,129,482. Charges were granted over the company’s land and all assets as security for the loan facility. The grant funding is subject to conditions, including the company retaining ownership of the completed development and not disposing of the project for 5 years. As these arrangements were entered into after the reporting date, no adjustment has been made to the financial statements.

15. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

16. Ultimate Controlling Party

The company's ultimate controlling party is CJC 2022 by virtue of his ownership of 100% of the issued share capital in the company.

Registered office address:

The Builders Yard

Somerset Lane

Taibach

Port Talbot

SA13 1UA

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C.J. Construction (Wales) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

17. Audit Information

The auditor's report on the accounts of C.J. Construction (Wales) Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by John Husband (Senior Statutory Auditor) for and on behalf of John F. Harvey Ltd Chartered Accountants , Statutory Auditor.

John F. Harvey Ltd Chartered Accountants

Dynevor House

5-6 De La Beche Street

Swansea

SA1 3HA

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Directors	A M Holland
	R W Jones

Company Number	04102442

Registered Office	The Builders Yard
	Somerset Lane
	Taibach
	Port Talbot
	SA13 1UA

Auditors	John F. Harvey Ltd Chartered Accountants
	Dynevor House
	5-6 De La Beche Street
	Swansea
	SA1 3HA