Jw & J Porter Limited

Strategic Report Year ended 31 March 2025 The principal activity of the company during the year continues to be the construction of residential buildings. The company has achieved a pre tax profit for the year of £343,855 (2024: £680,821) on a turnover of £9,795,192 (2024: £12,026,768). At the year end net assets of the company were £2,914,558 (2024: £2,601,965). Overall the directors are satisfied with the company's results. The company is well placed to deal with any uncertainties that may arise, and the directors continue to be involved in prudent business planning and working closely with the company's key stakeholders. Future developments The external commercial environment in which the company operates is expected to remain competitive. The directors will aim to ensure the company is well placed to retain its market position. The Company's construction business is sensitive to consumer financing ability, inflation and increased costs. The directors are aware that any plans for development of the business may be subject to unforeseen future events outside of their control. The directors however focus strongly on managing and mitigating these risks as well as exploring new opportunities for business. The Company's operations expose it to a variety of financial risks that include that effect of changes in market debt prices, credit risk, liquidity risk and interest rate risk. The company has in place a risk management programme that seeks to limit the adverse effect on the financial performance of the company by monitoring levels of debt finance and the related finance costs. Given the size of the company, the directors have not delegated the responsibility of monitoring financial risk management to a sub committee of the board. The policies set by the board of directors are implemented by the company's finance department. Foreign exchange risk While the greater part of the company's revenues and expenses are denominated in sterling, the company is exposed to some foreign exchange risk in the normal course of business. While the company has not used financial instruments to date to hedge foreign exchange exposure, this position is kept constantly under review. Credit risk The company has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to individual customers is subject to a limit, which is reassessed regularly by the board. Liquidity risk The company actively maintains short term debt finance that is designed to ensure that the company has sufficient available funds for operations and planned expansions. Interest rate risk The company has bank debt and has a policy of reviewing debt at to ensure a reasonable degree of certainty over future interest cash flows. The directors will revisit the appropriateness of this policy should the company's operations change in size or nature.