REGISTERED NUMBER: 01972606 (England and Wales)

ROXAN CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Yeganegy

Ms D A Yeganegy

Mrs L Yeganegy

P J Cousins

Dr R Robinson

B Yeganegy-Bruckhoff

REGISTERED OFFICE:

142 Lodge Road

Southampton

Hampshire

SO14 6QR

REGISTERED NUMBER:

01972606 (England and Wales)

FIXED ASSETS

Tangible assets

4

15,832

21,110

CURRENT ASSETS

Stocks

814,654

4,452,357

Debtors

5

18,138

52,923

Cash at bank

2,097

4,856

834,889

4,510,136

CREDITORS

Amounts falling due within one year

6

(737,273

)

(4,429,305

)

NET CURRENT ASSETS

97,616

80,831

TOTAL ASSETS LESS CURRENT LIABILITIES

113,448

101,941

CAPITAL AND RESERVES

Called up share capital

42,707

42,707

Capital redemption reserve

70,000

70,000

Retained earnings

741

(10,766

)

SHAREHOLDERS' FUNDS

113,448

101,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

M Yeganegy - Director

1.	STATUTORY INFORMATION

Roxan Construction 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 FRS 102 "The Financial Reporting Standards 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 amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain investment property at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover is stated net of value added tax and represents work done, sales of development properties to related parties and gross rental income receivable.

Income is recognised on completion of sales of land or developed properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% Reducing balance

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 recognised in the income statement.

Hire Purchase

Where assets are financed by leasing agreements that give rights approximating to the ownership (finance lease), the assets are treated as if they had been purchased outright. The corresponding leasing commitments are shown as amounts payable to the lessor in the balance sheet. Depreciation on the relevant asset is charged to the profit and loss account over the shorter of the estimated useful life and the period of the lease.

Stock and work in progress

Stock and work in progress on developments in the course of construction are valued at the lower of cost and net realisable value less foreseeable losses. Cost includes material and direct labour costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cash and cash equivalents

Cash and cash equivalents are basic instruments and include cash in hand and deposits held at call with banks.

Financial assets

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 assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 February 2025

and 31 January 2026

64,782

DEPRECIATION

At 1 February 2025

43,672

Charge for year

5,278

At 31 January 2026

48,950

NET BOOK VALUE

At 31 January 2026

15,832

At 31 January 2025

21,110

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Other debtors

9,638

52,923

Amounts falling due after more than one year:

Other debtors

8,500

-

Aggregate amounts

18,138

52,923

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

1,200,000

Trade creditors

144,928

229,583

Amounts owed to group undertakings

492,505

2,946,379

Taxation and social security

23,691

2,127

Other creditors

76,149

51,216

737,273

4,429,305

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

6,370

6,370

Between one and five years

8,600

14,971

14,970

21,341