Key Construction (Midlands) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03086264 (England and Wales)

KEY CONSTRUCTION (MIDLANDS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B. G. Callinan

M. B. Callinan

T. Callinan

SECRETARY:

Mrs E. V. Callinan

REGISTERED OFFICE:

8 Church Green East

Redditch

Worcestershire

B98 8BP

REGISTERED NUMBER:

03086264 (England and Wales)

SENIOR STATUTORY AUDITOR:

John Thomas Harris

AUDITORS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

4

1,168,294

164,794

Investments

5

3,199,680

6,900,600

4,367,974

7,065,394

CURRENT ASSETS

Stocks

3,059,168

1,907,419

Debtors

6

3,150,984

1,563,124

Cash at bank

592,756

290,947

6,802,908

3,761,490

CREDITORS

Amounts falling due within one year

7

4,230,951

4,212,241

NET CURRENT ASSETS/(LIABILITIES)

2,571,957

(450,751

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,939,931

6,614,643

CREDITORS

Amounts falling due after more than one
year

8

170

-

NET ASSETS

6,939,761

6,614,643

CAPITAL AND RESERVES

Called up share capital

103

Retained earnings

6,939,658

6,614,540

SHAREHOLDERS' FUNDS

6,939,761

6,614,643

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

B. G. Callinan - Director

1.	STATUTORY INFORMATION

Key Construction (Midlands) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2025 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

prop

machinery

vehicles

Totals

£

COST

At 1 July 2025

-

15,794

354,488

370,282

Additions

1,018,120

18,977

48,967

1,086,064

Disposals

-

(3,800

)

(66,771

)

(70,571

)

At 30 June 2026

1,018,120

30,971

336,684

1,385,775

DEPRECIATION

At 1 July 2025

-

12,146

193,342

205,488

Charge for year

-

5,068

77,490

82,558

Eliminated on disposal

-

(3,795

)

(66,770

)

(70,565

)

At 30 June 2026

-

13,419

204,062

217,481

NET BOOK VALUE

At 30 June 2026

1,018,120

17,552

132,622

1,168,294

At 30 June 2025

-

3,648

161,146

164,794

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

48,967

At 30 June 2026

48,967

DEPRECIATION

Charge for year

12,242

At 30 June 2026

12,242

NET BOOK VALUE

At 30 June 2026

36,725

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST

At 1 July 2025

100

6,900,500

6,900,600

Additions

-

1,500,000

Disposals

-

(5,200,920

)

(5,200,920

)

At 30 June 2026

100

3,199,580

3,199,680

NET BOOK VALUE

At 30 June 2026

100

3,199,580

3,199,680

At 30 June 2025

100

6,900,500

6,900,600

The company's investments at the Balance Sheet date in the share capital of companies include the following:-

Aspire Homes Midlands Limited

Registered office: United Kingdom

Nature of business: Construction of domestic buildings

Class of shares

% holding

30.06.26

30.06.25

£

Ordinary £1

100

Aggregate capital and reserves

10,144

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

Trade debtors

2,493,503

1,261,589

Other debtors

657,481

301,535

3,150,984

1,563,124

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

Hire purchase contracts (see note 9)

3,817

-

Trade creditors

1,236,130

1,142,003

Amounts owed to group undertakings

9,321

Taxation and social security

27,789

768,422

Other creditors

2,953,894

2,292,495

4,230,951

4,212,241

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.26

30.6.25

£

Hire purchase contracts (see note 9)

170

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.6.26

30.6.25

£

Net obligations repayable:

Within one year

3,817

-

Between one and five years

170

-

3,987

-

Non-cancellable

operating leases

30.6.26

30.6.25

£

Within one year

48,648

12,314

Between one and five years

83,948

17,194

132,596

29,508

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.26

30.6.25

£

Hire purchase contracts

3,987

-

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Thomas Harris (Senior Statutory Auditor)

for and on behalf of Charles Lovell & Co Limited

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2026 and 30 June 2025:

30.6.26

30.6.25

£

B. G. Callinan

Balance outstanding at start of year

-

Amounts advanced

400,000

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

400,000

-

M. B. Callinan

Balance outstanding at start of year

-

476,200

Amounts repaid

-

(476,200

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

13.	RELATED PARTY DISCLOSURES

The company rents the premises for £18,000 (2025: £18,000) per annum from B G Callinan.

As at the balance sheet date £9,231 was owed to a subsidiary company from Aspire Homes Midlands Limited.

14.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party due to the diversified shareholding.