REGISTERED NUMBER: 03088841 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JANUARY 2016 TO 30TH JUNE 2017

FOR

BLOCK STONE LTD

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

S J Mold

M Denyer

REGISTERED OFFICE:

Grant House

Prospect Way

Hutton

Brentwood

Essex

CM13 1XD

REGISTERED NUMBER:

03088841 (England and Wales)

AUDITORS:

Cook & Partners Limited

Statutory Auditor

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

The directors present their report with the financial statements of the company for the period 1st January 2016 to 30th June 2017.

DIRECTORS

The directors who have held office during the period from 1st January 2016 to the date of this report are as follows:

P S Bailey - resigned 20th July 2016

J A Gregory - resigned 20th July 2016

I H Kennedy - resigned 20th July 2016

S J Wright - resigned 20th July 2016

S J Mold - appointed 20th July 2016

M Denyer - appointed 20th July 2016

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not

approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the

company and of the profit or loss of the company for that period. In preparing these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act

2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken

as a director in order to make himself aware of any relevant audit information and to establish that the company's

auditors are aware of that information.

AUDITORS

The auditors, Cook & Partners Limited, will be proposed for re-appointment at the forthcoming Annual General

Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

S J Mold - Director

31st October 2017

FIXED ASSETS

Intangible assets

4

63,000

-

Tangible assets

5

562,403

70,323

Investment property

6

1,600,000

-

2,225,403

70,323

CURRENT ASSETS

Stocks

522,838

320,463

Debtors

7

303,437

329,422

Cash at bank and in hand

144,516

20,072

970,791

669,957

CREDITORS

Amounts falling due within one year

8

2,090,370

452,019

NET CURRENT (LIABILITIES)/ASSETS

(1,119,579

)

217,938

TOTAL ASSETS LESS CURRENT LIABILITIES

1,105,824

288,261

CREDITORS

Amounts falling due after more than one year

9

(7,540

)

(14,253

)

PROVISIONS FOR LIABILITIES

(115,908

)

-

NET ASSETS

982,376

274,008

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

982,176

273,808

SHAREHOLDERS' FUNDS

982,376

274,008

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31st October 2017 and were signed on its behalf by:

S J Mold - Director

1.	STATUTORY INFORMATION

Block Stone Ltd 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

Accounting convention

These financial statements for the period ended 30 June 2017 are the first financial statements that comply with

FRS 102 Section 1A. The date of transition is 01 January 2016. The transition to FRS 102 Section 1A small

entities has resulted in different accounting policies to those used previously. There is no material impact on

opening equity and profit for the comparative period.

Going Concern Justification

The directors have assessed various factors and risks affecting the company and its ability in these difficult

economic times to continue to trade as a going concern. The directors have not identified any material

uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets

and liabilities as at the balance sheet date. Therefore the financial statements for the period ended 30 June 2017

have been prepared using the going concern basis of accounting.

Revenue

Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus

the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is

recognised on the provision of services once completed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Investment property

The investment property is shown at its fair value as estimated by the directors.

Any movements in fair value are recognised in arriving at the profit before tax.

Deferred tax is provided against these movements.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Stock is valued based on the cost of tonnage extraction per quarry.

Taxation

Taxation for the period 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 period 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

Where assets are financed by leasing agreements that give rights approximately to ownership ("finance leases")

the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the asset

concerned. The corresponding liability to the leasing company is included as an obligation under finance leases.

Depreciation of leased assets is charged to the profit and loss account over the short of the lease terms and their

useful lives. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to

the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a

constant rate of charge on the outstanding balance.

All other leases are treated as "operating leases" and the relevant annual rentals are charged to the profit and loss

account on a straight line basis over the lease term; unless they relate to vacant leasehold properties in which

case provision is made on a discounted basis for the net obligation under the lease. The unwinding of the

discount is disclosed within interest payable and similar charges.

Pension costs

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of

the company in an independently administered fund. The pension costs charge represents contributions payable

for the period by the company to the fund.

First year adoption

The company adopted FRS 102 from 01/01/2016 onwards.

There are no material impacts of this change in the comparative figures.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

Additions

69,997

3

70,000

At 30th June 2017

69,997

3

70,000

AMORTISATION

Charge for period

7,000

-

7,000

At 30th June 2017

7,000

-

7,000

NET BOOK VALUE

At 30th June 2017

62,997

3

63,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2016

110,737

999,138

1,109,875

Additions

276,216

381,817

658,033

Disposals

-

(63,650

)

(63,650

)

At 30th June 2017

386,953

1,317,305

1,704,258

DEPRECIATION

At 1st January 2016

73,222

966,330

1,039,552

Charge for period

17,487

84,816

102,303

At 30th June 2017

90,709

1,051,146

1,141,855

NET BOOK VALUE

At 30th June 2017

296,244

266,159

562,403

At 31st December 2015

37,515

32,808

70,323

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

425,000

Revaluations

1,175,000

At 30th June 2017

1,600,000

NET BOOK VALUE

At 30th June 2017

1,600,000

Fair value at 30th June 2017 is represented by:

£

Valuation in 2017

1,175,000

Cost

425,000

1,600,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2015

£

£

Trade debtors

202,351

169,134

Other debtors

101,086

160,288

303,437

329,422

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2015

£

£

Hire purchase contracts

4,830

4,994

Trade creditors

249,068

234,602

Amounts owed to group undertakings

1,710,142

-

Taxation and social security

111,045

11,205

Other creditors

15,285

201,218

2,090,370

452,019

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2015

£

£

Hire purchase contracts

7,540

14,253

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

The Report of the Auditors was unqualified.

Michael Cook Michael Cook

Cook and Partners Limited Cook & Partners Limited

11.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the year end of £761,456 (2015: £914,791).