{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "barrattdevelopments": "http://barrattdevelopments.com/xbrl/2025", "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2022-03-24/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://barrattdevelopments.com/xbrl/2025/2138006R85VEOF5YNK29-2025-06-29.xsd" ] }, "facts": { "fact-10": { "value": "5578300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-11": { "value": "4168200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-12": { "value": "4793500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-13": { "value": "3658700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-14": { "value": "784800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-15": { "value": "509500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-16": { "value": "503200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-17": { "value": "336900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-18": { "value": "402500000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:PartExchangeIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-19": { "value": "333700000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:PartExchangeIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-20": { "value": "398600000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:PartExchangeExpenses", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-21": { "value": "331600000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:PartExchangeExpenses", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-22": { "value": "285500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-23": { "value": "174700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-24": { "value": "35600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-25": { "value": "47200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-26": { "value": "64600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-27": { "value": "53700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-28": { "value": "-29000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-29": { "value": "-6500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-30": { "value": "17200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-31": { "value": "2300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-32": { "value": "273700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-33": { "value": "170500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-34": { "value": "87300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-35": { "value": "56400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-36": { "value": "186400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-37": { "value": "114100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-38": { "value": "-700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-39": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-40": { "value": "-200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-41": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-42": { "value": "-500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-43": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-44": { "value": "185900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-45": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-46": { "value": "0.136", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-47": { "value": "0.118", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-48": { "value": "0.133", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-49": { "value": "0.116", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-50": { "value": "97400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-51": { "value": "253500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-52": { "value": "1109000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-53": { "value": "4800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-54": { "value": "-23200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-55": { "value": "20800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-56": { "value": "4133600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-57": { "value": "4131200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-58": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-59": { "value": "5596400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-60": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-61": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-62": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-63": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-64": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-65": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-66": { "value": "114100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-67": { "value": "114100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-68": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-69": { "value": "114100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-70": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-71": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-72": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-73": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-74": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-75": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-76": { "value": "270600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-77": { "value": "270600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-78": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-79": { "value": "270600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-80": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-81": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-82": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-83": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-84": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-85": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-86": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-87": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-88": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-89": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-90": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-91": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-92": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-93": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-94": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-95": { "value": "19900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-96": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-97": { "value": "19900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-98": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-99": { "value": "19900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-100": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-101": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-102": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-103": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-104": { "value": "23300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-105": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-106": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-107": { "value": "23300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-108": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-109": { "value": "23300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-110": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-111": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-112": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-113": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-114": { "value": "9600000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-115": { "value": "-12100000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-116": { "value": "4700000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-117": { "value": "2200000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-118": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-119": { "value": "2200000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-120": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-121": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-122": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-123": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-124": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-125": { "value": "-800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-126": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-127": { "value": "-800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-128": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-129": { "value": "-800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-130": { "value": "97400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-131": { "value": "253500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-132": { "value": "1109000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-133": { "value": "4800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-134": { "value": "-36900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-135": { "value": "29400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-136": { "value": "3981800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-137": { "value": "3974300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-138": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-139": { "value": "5439100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-140": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-141": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-142": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-143": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-144": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-145": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-146": { "value": "186400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-147": { "value": "186400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-148": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-149": { "value": "186400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-150": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-151": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-152": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-153": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-154": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-155": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-156": { "value": "-700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-157": { "value": "-700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-158": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-159": { "value": "-700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-160": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-161": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-162": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-163": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-164": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-165": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-166": { "value": "-200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-167": { "value": "-200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-168": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-169": { "value": "-200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-170": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-171": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-172": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-173": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-174": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-175": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-176": { "value": "185900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-177": { "value": "185900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-178": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-179": { "value": "185900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-180": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-181": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-182": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-183": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-184": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-185": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-186": { "value": "249300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-187": { "value": "249300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-188": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-189": { "value": "249300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-190": { "value": "1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-191": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-192": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-193": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-194": { "value": "-1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-195": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-196": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-197": { "value": "-1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-198": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-199": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-200": { "value": "46600000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:ShareCapitalIssuedAsConsiderationForTheAcquisitionOfRedrowPlc", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-201": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:ShareCapitalIssuedAsConsiderationForTheAcquisitionOfRedrowPlc", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-202": { "value": "2482000000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:ShareCapitalIssuedAsConsiderationForTheAcquisitionOfRedrowPlc", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-203": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:ShareCapitalIssuedAsConsiderationForTheAcquisitionOfRedrowPlc", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-204": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:ShareCapitalIssuedAsConsiderationForTheAcquisitionOfRedrowPlc", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-205": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:ShareCapitalIssuedAsConsiderationForTheAcquisitionOfRedrowPlc", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-206": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:ShareCapitalIssuedAsConsiderationForTheAcquisitionOfRedrowPlc", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-207": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:ShareCapitalIssuedAsConsiderationForTheAcquisitionOfRedrowPlc", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-208": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:ShareCapitalIssuedAsConsiderationForTheAcquisitionOfRedrowPlc", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-209": { "value": "2528600000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:ShareCapitalIssuedAsConsiderationForTheAcquisitionOfRedrowPlc", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-210": { "value": "-1100000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuybackAndCancellationOfShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-211": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuybackAndCancellationOfShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-212": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuybackAndCancellationOfShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-213": { "value": "1100000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuybackAndCancellationOfShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-214": { "value": "-500000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuybackAndCancellationOfShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-215": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuybackAndCancellationOfShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-216": { "value": "-49800000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuybackAndCancellationOfShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-217": { "value": "-50300000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuybackAndCancellationOfShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-218": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuybackAndCancellationOfShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-219": { "value": "-50300000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuybackAndCancellationOfShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-220": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-221": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-222": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-223": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-224": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-225": { "value": "19200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-226": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-227": { "value": "19200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-228": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-229": { "value": "19200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-230": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-231": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-232": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-233": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-234": { "value": "11800000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-235": { "value": "-17500000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-236": { "value": "4900000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-237": { "value": "-800000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-238": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-239": { "value": "-800000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:TransfersInRespectOfShareOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-240": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-241": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-242": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-243": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-244": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-245": { "value": "-600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-246": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-247": { "value": "-600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-248": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-249": { "value": "-600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-250": { "value": "144000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-251": { "value": "253500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-252": { "value": "3591000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GBP" } }, "fact-253": { "value": "5900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:GBP" } }, "fact-254": { "value": "-26700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-255": { "value": "31700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GBP" } }, "fact-256": { "value": "3873500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "barrattdevelopments:GroupRetainedEarningsDueToShareHoldersOfTheCompanyMember", "unit": "iso4217:GBP" } }, "fact-257": { "value": "3878500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-258": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:GBP" } }, "fact-259": { "value": "7873000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-260": { "value": "1174800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-261": { "value": "852900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-262": { "value": "408400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-263": { "value": "184500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-264": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InvestmentsInSubsidiaries", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-265": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InvestmentsInSubsidiaries", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-266": { "value": "193200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-267": { "value": "158500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-268": { "value": "86400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-269": { "value": "57500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-270": { "value": "47000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-271": { "value": "41200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-272": { "value": "4200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentRecognisedAssetsDefinedBenefitPlan", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-273": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentRecognisedAssetsDefinedBenefitPlan", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-274": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-275": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-276": { "value": "5000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentReceivables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-277": { "value": "3400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentReceivables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-278": { "value": "1919000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-279": { "value": "1298000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-280": { "value": "8340600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-281": { "value": "5278200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-282": { "value": "241100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-283": { "value": "201900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-284": { "value": "79500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-285": { "value": "31800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-286": { "value": "969600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-287": { "value": "1065300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-288": { "value": "9630800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-289": { "value": "6577200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-290": { "value": "11549800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-291": { "value": "7875200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-292": { "value": "200000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-293": { "value": "200000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-294": { "value": "382500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentPayables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-295": { "value": "172000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentPayables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-296": { "value": "37500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-297": { "value": "29400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-298": { "value": "109800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-299": { "value": "45000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-300": { "value": "588100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherLongtermProvisions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-301": { "value": "543200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherLongtermProvisions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-302": { "value": "1317900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-303": { "value": "989600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-304": { "value": "1558000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-305": { "value": "1055100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-306": { "value": "17700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-307": { "value": "13400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-308": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-309": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-310": { "value": "783200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherShorttermProvisions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-311": { "value": "378000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherShorttermProvisions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-312": { "value": "2358900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-313": { "value": "1446500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-314": { "value": "3676800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-315": { "value": "2436100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-316": { "value": "7873000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-317": { "value": "5439100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-318": { "value": "144000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-319": { "value": "97400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-320": { "value": "253500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-321": { "value": "253500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-322": { "value": "3591000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:MergerReserve", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-323": { "value": "1109000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:MergerReserve", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-324": { "value": "5900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CapitalRedemptionReserve", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-325": { "value": "4800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CapitalRedemptionReserve", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-326": { "value": "3878500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-327": { "value": "3974300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-328": { "value": "7872900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-329": { "value": "5439000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-330": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-331": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-332": { "value": "7873000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-333": { "value": "5439100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-426": { "value": "The Financial Statements of Barratt Redrow plc (formerly Barratt Developments PLC), registered number 00604574, were approved by the Board and authorised for issue on 16 September 2025. Signed on behalf of the Board: David Thomas Mike Scott Chief Executive Chief Financial Officer", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-334": { "value": "29300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-335": { "value": "96200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-336": { "value": "18100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-337": { "value": "7200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-338": { "value": "1500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-339": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-340": { "value": "2500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-341": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-342": { "value": "-194300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-343": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-344": { "value": "47800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-345": { "value": "38300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-346": { "value": "24200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-347": { "value": "4800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-348": { "value": "6100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-349": { "value": "7100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-350": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsReceivedFromAssociatesClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-351": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsReceivedFromAssociatesClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-352": { "value": "38100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-353": { "value": "45300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-354": { "value": "195800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-355": { "value": "12000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-356": { "value": "249300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-357": { "value": "270600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-358": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-359": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-360": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-361": { "value": "23300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-362": { "value": "50300000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuyBackOfOwnSharesClassifiedAsFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-363": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:BuyBackOfOwnSharesClassifiedAsFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-364": { "value": "1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-365": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-366": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsForShareIssueCosts", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-367": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsForShareIssueCosts", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-368": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromExerciseOfOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-369": { "value": "2700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromExerciseOfOptions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-370": { "value": "20100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-371": { "value": "16500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-372": { "value": "-320800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-373": { "value": "-308600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-374": { "value": "-95700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-375": { "value": "-200400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-376": { "value": "1065300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-377": { "value": "1265700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-378": { "value": "969600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-379": { "value": "1065300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-380": { "value": "285500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-381": { "value": "174700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-382": { "value": "9000000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForDepreciationOfPropertyPlantAndEquipment", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-383": { "value": "7500000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForDepreciationOfPropertyPlantAndEquipment", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-384": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-385": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-386": { "value": "18400000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForDepreciationOfRightOfUseAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-387": { "value": "15200000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForDepreciationOfRightOfUseAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-388": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForLeasedAssetReMeasurements", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-389": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForLeasedAssetReMeasurements", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-390": { "value": "14500000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForAmortisationOfIntangibleAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-391": { "value": "10400000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForAmortisationOfIntangibleAssets", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-392": { "value": "12400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-393": { "value": "-2200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-394": { "value": "19200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-395": { "value": "19900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-396": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForDefinedBenefitPensionSchemeAdministrationCosts", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-397": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForDefinedBenefitPensionSchemeAdministrationCosts", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-398": { "value": "51100000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForImputedInterestOnLongTermPayables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-399": { "value": "40200000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForImputedInterestOnLongTermPayables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-400": { "value": "2500000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForImputedInterestOnLeaseArrangements", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-401": { "value": "1800000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForImputedInterestOnLeaseArrangements", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-402": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForAmortisationOfFacilityFees", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-403": { "value": "1600000.0", "decimals": -5, "dimensions": { "concept": "barrattdevelopments:AdjustmentsForAmortisationOfFacilityFees", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-404": { "value": "19900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-405": { "value": "7200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-406": { "value": "-265500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-407": { "value": "-38000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-408": { "value": "-1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-409": { "value": "-19600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-410": { "value": "89300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-411": { "value": "-87200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-412": { "value": "40500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-413": { "value": "132800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-414": { "value": "136800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInWorkingCapital", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-415": { "value": "12000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInWorkingCapital", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-416": { "value": "9900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-417": { "value": "10100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-418": { "value": "129400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-419": { "value": "63600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-420": { "value": "29300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-421": { "value": "96200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-424": { "value": "
1. Basis of preparation
Introduction
The Financial Statements for the Group and Company have been prepared in accordance with UK
adopted IAS in conformity with the requirements of the Companies Act 2006 and in accordance with
UK adopted IFRS. The Financial Statements have been prepared under the historical cost convention
as modified by the revaluation of share-based payments. Following the acquisition of Redrow plc
(now Redrow Limited) on 21 August 2024 by Barratt Developments PLC (now Barratt Redrow plc),
Barratt Developments PLC was renamed Barratt Redrow plc and the use of 26/52 week accounting
reference dates was adopted. Throughout these Financial Statements the current period is the
52 weeks ended 29 June 2025 and the comparative period is the year ended 30 June 2024.
Group accounting policies
The material Group accounting policies are included within the relevant notes to the Financial
Statements on pages 168 to 225.
Critical accounting judgements and key sources of estimation uncertainty
The preparation of Financial Statements in conformity with UK adopted IFRS requires the use
of estimates and assumptions that affect the reported amounts of assets and liabilities at the
date of the Financial Statements and the reported amounts of revenues and expenses during
the reporting period. Although these estimates are based on the Directors\u2019 best knowledge
of the amounts, actual results may ultimately differ from those estimates. The Directors have
made no individual critical accounting judgements that have had a significant impact upon the
Financial Statements, apart from those involving estimations.
The most significant estimates made by the Directors in these Financial Statements, which are
the key sources of estimation uncertainty that may have a significant risk of causing a material
difference to the carrying value of assets and liabilities within the next financial period, are the
valuation of legacy property provisions (see note 20) and margin recognition (see note 3).
There are no key sources of estimation uncertainty in the Company Financial Statements.
Basis of consolidation
The Group Financial Statements include the results of Barratt Redrow plc (formerly Barratt
Developments PLC) (the Company), a public company limited by shares and incorporated in the
United Kingdom, and all of its subsidiary undertakings, made up to 29 June (2024: 30 June). Barratt
Redrow plc is the ultimate parent company. The financial statements of subsidiary undertakings are
consolidated from the date that control passes to the Group, and up to the date control ceases.
Control is achieved when the Group becomes entitled to the variable returns of the subsidiary and
becomes exposed to its risks, and has the power to affect those risks and returns. Acquired entities
are accounted for using the acquisition method of accounting. All transactions with subsidiaries
and intercompany profits or losses are eliminated on consolidation.
Going concern
In determining the appropriate basis of preparation of the Financial Statements, the Directors are
required to consider whether the Group and Company can continue to meet their liabilities and
other obligations for the foreseeable future.
The Group\u2019s business activities, together with factors that the Directors consider are likely to
affect its development, financial performance and financial position, are set out in the Strategic
Report on pages 1 to 84. The material financial and operational risks and uncertainties that
may affect the Group\u2019s performance and their mitigation are outlined on pages 68 to 73, and
financial risks including liquidity, market, credit and capital risks are outlined in note 31 to the
Financial Statements.
At 29 June 2025, the Group held cash of \u00a3969.6m and total loans and borrowings of \u00a3200.0m,
consisting of \u00a3200.0m Sterling USPP notes maturing in August 2027. These balances, set against
prepaid facility fees, comprise the Group\u2019s net cash of \u00a3772.6m, presented in note 18.
Should further funding be required, the Group has a committed \u00a3700m revolving credit facility
(RCF), subject to compliance with certain financial covenants, that matures in November 2029.
As such, in consideration of its net current assets of \u00a37.3bn, the Directors are satisfied that the
Group has sufficient liquidity to meet its current liabilities and working capital requirements.
The Group\u2019s financial forecasts reflect the outcomes that the Directors consider most likely, based
on the information available at the date of signing these Financial Statements.
To assess the Group\u2019s resilience to more adverse outcomes, its forecast performance was
sensitised to reflect a series of scenarios based on the Group\u2019s principal risks and the downside
prospects for the UK economy and housing market presented in the latest available external
economic forecasts.
This exercise included a reasonable worst-case scenario in which the Group\u2019s principal risks
manifest in aggregate to a severe but plausible level. This assumed that average selling prices fall
by 10%, sales volumes fall by 15% and construction costs increase by 2% above the base forecasts,
in addition to the implementation of a building safety levy and increased carbon pricing costs.
The effects were modelled over the 12 months from the date of signing of these Financial
Statements, alongside reasonable mitigation that the Group would expect to undertake in such
circumstances, primarily a reduction in investment in inventories in line with the fall in expected
sales and a 50% reduction in uncommitted land spend. In all scenarios, including the reasonable
worst case, the Group is able to comply with its financial covenants, operate within its current
facilities and meet its liabilities as they fall due.
Furthermore, reverse stress testing was performed to determine the market conditions in which the
Group would cease to be able to operate under its current facilities within 12 months from the date
of signing these Financial Statements. Based on past experience and current economic forecasts,
the Directors consider the possibility of this outcome to be remote and have identified mitigation
that would be adopted in such circumstances.
Accordingly, the Directors consider there to be no material uncertainties that may cast significant
doubt on the Group\u2019s ability to continue to operate as a going concern. They have formed a
judgement that there is a reasonable expectation that the Group and Company have adequate
resources to continue in operational existence for the foreseeable future, being at least 12 months
from the date of signing these Financial Statements. For this reason, they continue to adopt the
going concern basis in the preparation of these Financial Statements.
Application of accounting standards
During the 52 weeks ended 29 June 2025, the Group has applied accounting policies and methods
of computation consistent with those applied in the prior year. In addition, accounting policies have
been applied in respect of:
\u2022 the defined benefit scheme (acquired through the acquisition of Redrow plc (note 10))
\u2013 see note 5, and
\u2022 land options \u2013 see note 16.
During the period, the Group has adopted the following new and revised standards and
interpretations that have had no impact on the Financial Statements:
\u2022 Amendments to IAS 1: \u2018Classification of Liabilities\u2019;
\u2022 Amendments to IAS 1: \u2018Non-current Liabilities with Covenants\u2019;
\u2022 Amendments to IFRS 16: \u2018Lease Liability in a Sale and Leaseback Arrangement\u2019; and
\u2022 Amendments to IAS 7 and IFRS 7: \u2018Supplier Finance Arrangements\u2019.
Impact of standards and interpretations in issue but not yet effective
At the date of approval of these Financial Statements, there were a number of standards,
amendments and interpretations that have been published and are mandatory for the Group\u2019s
accounting periods beginning on or after 30 June 2025 and later periods. Of these, IFRS 18:
\u2018Presentation and Disclosure in Financial Statements\u2019 is expected to impact the Financial
Statements of the Group. The changes that will be required are mainly presentational and will
require more detailed analysis of Income Statement lines in the notes. The Group has not early
adopted any standard, amendment or interpretation.
Revenue from the sale of residential and commercial properties Revenue is recognised at legal completion in respect of the total proceeds of building and development. Revenue is measured at the fair value of consideration received or receivable and represents the amounts receivable for the property, net of discounts and VAT. Proceeds received on the disposal of part-exchange properties are not included in revenue on the basis that they are incidental to the main revenue-generating activities of the Group. The Group considers all contracts with commercial customers and contracts for the sale of multiple units that are under construction on a contract-by-contract basis and determines the appropriate revenue recognition based on the particular terms of that contract. For the majority of such contracts, there is a single performance obligation for which revenue is recognised at a point in time, when construction has been completed and control is transferred to the customer. Revenue on contracts recognised over time The Group recognises revenue over time in relation to certain contracts for the sale of multiple units only in circumstances in which control of the associated land has transferred to the customer before or during construction. Revenue is only recognised from the point at which control of the associated land is transferred, considering the rights to economic benefit as well as legal title. Revenue is recognised because the construction activity enhances an asset that is controlled by the customer. Where the outcome of a contract on which revenue is recognised over time can be estimated reliably, revenue is recognised by reference to the stage of completion of contract activity at the balance sheet date. This is normally measured by surveys of work performed to date. The Group is satisfied that it is appropriate to measure performance by reference to surveys of work performed to date because these surveys identify the extent to which benefits have been transferred to the customer. Variations to, and claims arising in respect of, such contracts are included in revenue to the extent that they have been agreed with the customer. Where the outcome of a contract on which revenue is recognised over time cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred. When it is probable that the total costs on a contract will exceed total contract revenue, the expected loss is immediately recognised as an expense in the Income Statement.
Other revenue
Revenue from separate contracts related to the development of homes is recognised on
completion of the performance obligation to which it relates and is included in other revenue.
Revenue from commercial contract management fees is recognised in the period in which it
becomes receivable and is included within other revenue. Revenue from planning promotion
agreements is recognised at the point at which contractual obligations are satisfied.
Margin recognition
In order to determine the profit that the Group is able to recognise on its developments in a
specific period, the Group allocates site-wide development costs between homes built in the
current period and in future periods. The Group also has to estimate costs to complete on such
developments and make estimates relating to future sales price margins on those developments
and homes, considering expected future sales price and build cost inflation. In making these
assessments there is, inherently, a degree of uncertainty.
The Group\u2019s site valuation process determines the forecast profit margin for each site. The
valuation process acts as a method of allocating land costs and construction work in progress
costs of a development to each individual plot and drives the recognition of costs in the Income
Statement as each plot is sold. Any changes in the forecast profit margin of a site from changes
in sales prices or costs to complete are recognised across all homes sold in both the current
period and future periods. This ensures that the forecast site margin achieved on each individual
home is equal for all current year completions and future plots across the development.
Management has performed a sensitivity analysis to assess the impact of a change in estimated
future costs or forecast selling prices for developments on which sales were recognised in the
period. A 2% increase in the forecast costs to complete would increase site-cost allocation in
cost of sales in 2025 by \u00a331.7m, resulting in a reduction in gross margin of 60 bps. A 3%
decrease in forecast private sales prices would increase site-cost allocation in cost of sales in
2025 by \u00a357.0m, resulting in a reduction in gross margin of 110 bps.
Part-exchange income and expenses
Income on the sale of a part-exchange property is recognised at legal completion at the fair
value of consideration received or receivable for the property.
Part-exchange properties are recognised in inventories at the lower of cost, being their fair
value at acquisition, and their net realisable value. The amount of any write-down of inventories
to net realisable value, or reversal of a previous write-down, is recognised in the Income
Statement in the period in which it occurs.
The carrying amount of a part-exchange property is recognised as an expense in the period
in which the related income is recognised. Maintenance costs are recognised in the Income
Statement in the period in which they are incurred.
Adjusted items
In determining whether an item should be presented as an adjustment to IFRS measures,
the Group considers items that are significant by virtue of their size or nature and have not
arisen in the course of day-to-day business. If an item meets these criteria the Board then
exercises judgement as to whether the item should be classified as an allowable adjustment
to IFRS. Examples of events that may give rise to the classification of items as adjusted are
charges or credits in respect of legacy properties, the restructuring of existing and newly
acquired businesses, and certain government grants.
The Directors use these adjusted measures, along with IFRS measures, to assess the
operational performance of the Group as detailed in the key performance indicators section
of the Strategic Report on pages 22 to 25.
Defined contribution schemes
The Group\u2019s contributions to the schemes are charged in the Income Statement in the year
in which the scheme members become entitled to contributions.
Defined benefit scheme
The cost of providing benefits is determined using the Projected Unit Credit Method, with
actuarial valuations being carried out at each balance sheet date. Actuarial gains and losses
are recognised in full in the period in which they occur. They are recognised outside profit or
loss and presented in the Statement of Comprehensive Income. Net interest is calculated by
applying a discount rate to the net defined benefit liability or asset.
The retirement benefit asset recognised in the Balance Sheet represents the excess of the fair
value of the scheme assets over the present value of the defined benefit obligation.
The Directors engage a qualified independent actuary to calculate the Group\u2019s liability in
respect of its defined benefit pension scheme. In calculating this liability, it is necessary for
actuarial assumptions to be made, which include estimations of discount rates, salary and
pension increases, price inflation and mortality. As actual rates of increase and mortality may
differ from those assumed, the gross pension liability may differ from that included in these
Financial Statements; however, these liabilities are matched by an insurance asset.
Finance costs and income
The Group recognises finance costs and income on bank borrowings, deposits and other
borrowings in the Income Statement in the period to which they relate. Imputed interest on
discounted assets, including land purchased on deferred terms and leased assets, is charged
to the Income Statement over the period of settlement or lease period respectively.
Tax
The tax currently payable is based on the taxable profit for the period. Taxable profit differs
from net profit as reported in the Income Statement because it excludes items of income or
expense that are taxable or deductible in other years and it further excludes items that are
never taxable or deductible. The Group\u2019s liability for current tax is calculated using tax rates
that have been enacted or substantively enacted at the balance sheet date.
Deferred tax
Deferred tax is the tax expected to be payable or recoverable on 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, and is accounted for using the balance
sheet liability method. Deferred tax is measured on a non-discounted basis using the tax rates
and laws that have then been enacted or substantively enacted by the balance sheet date,
and is charged or credited to the Income Statement, except when it relates to items charged
or credited directly to other comprehensive income or equity, in which case the deferred tax is
also dealt with in other comprehensive income or equity.
Deferred tax liabilities are generally recognised for all taxable temporary differences and
deferred tax assets are recognised to the extent that it is probable that taxable profits will be
available against which deductible temporary differences can be utilised. Such assets and
liabilities are not recognised if the temporary difference arises from goodwill or from the initial
recognition (other than in a business combination) of other assets and liabilities in a transaction
that affects neither the taxable profit nor the accounting profit. Deferred tax liabilities are
recognised for taxable temporary differences arising on investments in subsidiaries and interests
in JVs, except where the Group is able to control the reversal of the temporary difference and it
is probable that the temporary difference will not reverse in the foreseeable future.
The carrying amount of deferred tax assets is reviewed at each balance sheet date 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. Deferred tax assets and liabilities are
offset when there is a legally enforceable right to set off current tax assets against current tax
liabilities and when they relate to taxes levied by the same tax authority and the Group intends
to settle its current tax assets and liabilities on a net basis.
Business combinations
The Financial Statements of subsidiary undertakings are consolidated from the date when control
passes to the Group, as defined in IFRS 3, using the acquisition method of accounting up to the
date control ceases. All of the subsidiaries\u2019 identifiable assets and liabilities, including contingent
liabilities, existing at the date of acquisition are recorded at their fair values. All changes to those
assets and liabilities, and the resulting gains and losses that arise after the Group has gained
control of the subsidiary, are included in the Income Statement. All intra-Group transactions
and intercompany profits or losses are eliminated on consolidation.
Goodwill
Goodwill arising on consolidation (see note 10 for the Group policy on consolidation) represents
the excess of the fair value of the consideration over the fair value of the separately identifiable
assets and liabilities acquired. Goodwill arising on the acquisition of subsidiary undertakings
and businesses is capitalised as an asset but reviewed for impairment at least annually.
For the purpose of impairment testing, goodwill is allocated to the cash-generating unit, or
group of cash-generating units, expected to benefit from the synergies of the combination at
acquisition. While the cash-generating units within the housebuilding business are at a site
level, management considers it to be more appropriate to review these for impairment as a
group of cash-generating units rather than on an individual basis. As explained in note 10, the
acquisition of Redrow is part of the Group\u2019s strategy to broaden its housebuilding offering and
to realise synergies from integrating Redrow into the Group\u2019s single housebuilding operation.
The integration of Redrow has progressed well in FY25 and will be fully completed in FY26.
Consequently, the Redrow goodwill has been allocated to the Group\u2019s housebuilding business,
reflecting how economic resources are allocated to develop land across the enlarged Group.
Brand intangibles are also allocated to the housebuilding business when tested for impairment.
Cash-generating units to which goodwill has been allocated are tested for impairment. If the
recoverable amount of the cash-generating unit is less than the carrying amount of the unit,
the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to
the unit and then to the other assets of the unit pro rata on the basis of the carrying amount of
each asset in the unit. Any impairment loss is recognised immediately in the Income Statement
and is not subsequently reversed.
Brands
The Group has capitalised, as intangible assets, brands that have been acquired. Acquired
brand values are calculated using a relief-from-royalty method. Where a brand is considered
to have a finite life, it is amortised over its estimated useful life on a straight-line basis. Where a
brand is capitalised with an indefinite life, it is not amortised. The factors that contribute to the
durability of brands capitalised are that there are no material legal, regulatory, contractual,
competitive, economic or other factors that limit the useful lives of these intangible assets.
Internally generated brands are not capitalised.
The Group carries out an annual impairment review of indefinite life brands as part of the review
of the carrying value of goodwill, by performing a value in use calculation, using a discount
factor based upon the Group\u2019s pre-tax weighted average cost of capital which reflects the
market\u2019s assessment of risk of the housebuilding business. Specific risks are reflected in
forecast cashflows.
Customer contract relationships
The Group has capitalised, as intangible assets, acquired customer contract relationships.
Customer contract relationships are valued at the present value of future cash flows and are
amortised on a straight-line basis over ten years. Internally generated customer contract
relationships are not capitalised.
Customer contracts
The Group has capitalised, as intangible assets, acquired customer contracts. Customer
contracts are valued at the present value of future cash flows less contributory asset charges
and are amortised on a straight-line basis in line with contract relationships at the
acquisition date.
Impairment of goodwill and indefinite life brands
Impairment reviews for goodwill and the Group\u2019s indefinite life brands require an estimation of
the value in use of the cash-generating units to which these assets are allocated. The value in
use calculations require an estimate of expected future cash flows, including the anticipated
growth rate of revenue and costs, and require the determination of a suitable discount rate
to calculate the present value of the cash flows. The financial forecasts used reflect the
outcomes that management considers most likely, based on the information available at
the date of signing of these Financial Statements.
Company investments The Company\u2019s interests in subsidiary undertakings are accounted for at cost less accumulated provision for impairment, which is reviewed annually. Where share-based payments are granted to the employees of subsidiary undertakings by the Company, they are treated as a capital contribution to the subsidiary and the Company\u2019s investment in the subsidiary is increased accordingly.
Jointly controlled entities
Investments in jointly controlled entities are accounted for using the equity method
of accounting.
The Group\u2019s share of the profit or loss of jointly controlled entities increases or decreases
the carrying amount of the investment and long-term interests.
Property, plant and equipment
Property, plant and equipment are recorded at cost less accumulated depreciation and
accumulated impairment losses. Depreciation is provided to write off the cost of the assets
on a straight-line basis to their residual values over their estimated useful lives. Residual values
and asset lives are reviewed annually.
Freehold properties are depreciated on a straight-line basis over 25 years. Freehold land is not
depreciated. Plant is depreciated on a straight-line basis over its expected useful life, which
ranges from one to seven years.
Leases
A right-of-use asset and a lease liability are recognised at the commencement date of a lease.
The right-of-use asset is initially measured at cost comprising the initial amount of the lease
liability plus payments made before the lease commenced and any direct costs less any incentives
received. The right-of-use asset is subsequently depreciated using the straight-line method
from the commencement of the lease to the earlier of the end of the lease term or the end of
the useful life of the asset. The right-of-use asset is also reduced for impairment losses, if any,
and adjusted for certain remeasurements of the lease liability.
The lease liability is initially measured at the present value of the lease payments at the
commencement date discounted using the Group\u2019s incremental borrowing rate of between 1%
and 8% and is subsequently measured at amortised cost using the effective interest method.
The lease liability is remeasured when there is a change in the future lease payments, and a
corresponding adjustment is made to the right-of-use asset.
The Group has elected not to recognise right-of-use assets and lease liabilities for short-term
leases of plant and machinery with a lease term of 12 months or less, and leases of low value
including leases of office equipment. The lease payments associated with these leases are
recognised as an expense on a straight-line basis over the lease term.
Inventories Inventories are valued at the lower of cost and net realisable value. Land held for development, including land in the course of development, is initially recorded at cost. Where, through deferred purchase credit terms, the carrying value differs from the amount that will ultimately be paid in settling the liability, this difference is charged as a finance cost in the Income Statement over the period of settlement. Cost of construction work in progress comprises direct materials, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. Overhead costs include, but are not limited to, roads and other infrastructure costs required for a site and local contributions and physical works contributions required under planning permissions granted for our developments. Due to the scale of the Group\u2019s developments, the Group allocates site-wide development costs between homes built in the current year and in future years. It also has to estimate costs to complete on such developments. In making these assessments, there is a degree of inherent uncertainty. The Group has developed internal controls to assess and review carrying values and the appropriateness of estimates made. Further information is included in the margin recognition section of note 3. Work in progress on promotion agreements comprises direct fees and labour costs incurred in investigating, designing, master planning, obtaining planning permission and ultimately securing sales agreements for land on behalf of landowners. The satisfaction of promotion agreements is largely dependent upon the grant of planning consent; therefore, management assesses the likelihood of attaining these consents when assessing their carrying values. Land options Costs incurred in respect of options to purchase land are held within inventories at the lower of cost and net realisable value and are reviewed for impairment at each reporting date.
Trade and other receivables
Trade and other receivables are financial assets with fixed or determinable payments that
are not quoted in an active market. They are included in current assets, except for those
with maturities greater than 12 months after the balance sheet date, which are classified as
non-current assets. Amounts recoverable on certain construction contracts where revenue
is recognised over time are included in trade receivables and stated at cost plus attributable
profit less any foreseeable losses. Payments received on account for these construction
contracts are deducted from amounts recoverable on these contracts.
Trade and other receivables are initially recognised at their transaction price, being fair value,
and subsequently measured at amortised cost, being their nominal value less a loss allowance
for expected credit losses, which are assessed on the basis of an average weighting of the risk
of default. Any impairment is recognised immediately in the Income Statement.
For this purpose, a default is determined to have occurred if the Group becomes aware of
evidence that it will not receive all contractual cash flows that are due or if payment has
not been received within 60 days of the due date. After this time, it is probable that
contractual cash flows will not be fully recovered. The Group does not hold any collateral
over these balances.
Trade receivables are receivables and contract assets arising from the Group\u2019s contracts with
customers. The loss allowance is equal to the lifetime expected credit loss, assessed on an
individual customer basis.
The loss allowances for other receivables and amounts due from subsidiary undertakings are
equal to 12-month expected credit losses unless there has been a significant increase in credit
risk since the date of initial recognition, in which case the loss allowance is equal to the lifetime
expected credit loss. A significant increase in credit risk is judged to have occurred if a review
of available information indicates an increased probability of default, or if contractual
payments are more than 30 days past due.
Trade and other receivables that are more than two years overdue are deemed to have no
reasonable expectation of recovery and are written off in the Financial Statements but are still
subject to enforcement activity. Subsequent recoveries of amounts previously written off are
credited to the Income Statement.
The expected credit loss on the amounts due from subsidiary undertakings has been assessed
to be immaterial.
Loans and borrowings
Interest-bearing loans and overdrafts are initially recognised at fair value less directly
attributable transaction costs and subsequently measured at amortised cost, being the
amount recorded at recognition plus accrued interest applied to the account less any
repayments made.
Trade and other payables
Trade and other payables are not interest bearing and are initially recorded at fair value.
Subsequent measurement is at amortised cost.
Trade and other payables on extended terms, particularly in respect of land, are recorded at
their fair value at the date of acquisition of the asset to which they relate by discounting at
prevailing market interest rates at the date of recognition. The discount to nominal value,
which will be paid in settling the deferred purchase terms liability, is amortised over the period
of the credit term and charged to finance costs using the \u201ceffective interest rate\u201d method.
Provisions
Provisions are recognised when the Group has a present obligation (legal or constructive) as a
result of a past event, and it is probable that the Group will be required to settle that obligation.
Provisions are measured at the Directors\u2019 best estimate of the expenditure required to settle
the obligation at the balance sheet date and are discounted to present value where the effect
is material.
Legacy property provisions Building safety On 13 March 2023, the Group signed the Self-Remediation Terms and Contract, codifying the commitments previously made under the Building Safety Pledge to undertake, or to fund, remediation or mitigation works on external wall systems (EWS) on all buildings of 11 metres or above in England and Wales that it has developed or refurbished in the 30 years preceding the date of the Building Safety Pledge, and to reimburse the Government\u2019s Building Safety Fund wherever it has contributed to such activities. The Group has provided for the cost of fulfilling this commitment, as well as assisting with remedial work identified at a limited number of other legacy properties where it has a legal liability to do so, where relevant build issues have been identified, or where it is considered probable that such build issues exist. As a result of the acquisition of Redrow plc on 21 August 2024, the Group\u2019s obligations under the Self-Remediation Terms and Contract now include the relevant buildings developed or refurbished by the Redrow group of companies. The remediation of these buildings is now being managed with the benefit of the experience of the combined Group and the fair value of the obligations at the acquisition date included within provisions. In accordance with IFRS 3, as described in note 10, this includes the fair value of possible remediation works on properties for which there is currently no confirmation of works being required and which are deemed to be low risk, and consequently, in accordance with IAS 37, no liability was previously recognised in the financial statements of Redrow plc or its subsidiaries.
At the Redrow acquisition date, 27 buildings with a height of over 11 metres were under active
review by Redrow under the Self-Remediation Contract. Responsibility for these buildings was
assumed by the Group on acquisition. Following contact from building owners regarding
potential issues, a net further 18 buildings with a height of over 11 metres were added to the
Group scope of works in the period, including one in the Redrow portfolio.
Responsibility Review
assumed confirmed
through no remediation,
the acquisition Identified for or remediation
30 June 2024 of Redrow review
completed
29 June 2025
Under review:
Buildings above
18 metres
146
17
10
(15)
158
Buildings
between 11
and 18 metres
116
10
9
(15)
120
Total buildings
262
27
19
(30)
278
Developments
92
12
11
(13)
102
At 29 June 2025, of the 278 buildings in the portfolio under review in the combined Group, 192
were at tender or site mobilisation or were in the process of being remediated (30 June 2024: 262
buildings, of which 137 were at tender or site mobilisation or were in the process of being remediated).
As part of the ongoing works to remediate building safety issues, it has been identified that
additional work on four buildings at one development in our Southern region is required to
improve the fire protection of the internal structure. Additional costs have also been
recognised for the remediation of newly identified issues at a large development in London
that was already part of our building safety provision. An additional \u00a393.1m has been provided
at the reporting date for these two developments, based on the current estimate of
remediation cost.
At 30 June 2024, the Group held \u00a314.8m in relation to completed developments and \u00a318.8m in
relation to reinforced concrete frames in respect of the above two developments. All work at
these developments is being undertaken under a single remediation programme and
therefore all related amounts have been reclassified to be shown together in the building
safety provision.
A further \u00a315.8m has been provided in respect of minor cost increases across the rest of
the portfolio.
The Group continues to review all of its current and legacy buildings where it has used EWS or
cladding solutions, assessing the action required in line with the latest updates to Government
guidance as it applies to multi-storey and multi-occupied residential buildings.
All our buildings, including those incorporating EWS or cladding solutions, were signed off by
approved inspectors as compliant with the relevant Building Regulations at the time
of completion.
Management expect the majority of the works to be completed within four years. Estimated
future costs are discounted to their present value using the yield for a UK gilt with maturity
approximating the duration of the remediation programme. This is a complex area requiring
significant estimates with respect to the estimates for the number of buildings affected, the
individual remediation requirements of each building and the costs associated with that
remediation (see also note 29).
The investigation of the works required at some of the buildings is at an early stage and work
at others is ongoing. Therefore, it is possible that the scope of works required could change.
If government legislation and regulation further evolve, or if the estimated timing of work is
affected by building owner engagement or contractor availability, these estimates could change.
In relation to the Group\u2019s obligations under the Scottish Safer Buildings Accord, signed on
31 May 2023, and the Housing (Cladding Remediation) (Scotland) Act, passed on 21 June 2024,
the external wall provision is recorded on the basis that the standard of remediation required in
Scotland is consistent with England and Wales. This will be determined when the final contract
with the Scottish Government is signed (see note 29).
The estimates are based on key assumptions that will be updated as work and time progress.
The sensitivity of the provision held at the balance sheet date, to the following possible
movements in key assumptions, is shown below:
Increase/(decrease)
in provisions at
29 June 2025
Sensitivity \u00a3m
5% increase in estimated cost
44.3
5% increase in the number of buildings
46.3
100 bps increase in discount rate
(11.9)
Contract assets and liabilities
Contract assets relate to amounts due from customers primarily for construction work
completed but not invoiced at the balance sheet date in relation to contracts where revenue
is recognised over time. These amounts are included in trade and other receivables. The Group
has taken advantage of the practical expedient in paragraph 94 of IFRS 15 to immediately
expense the incremental costs of obtaining contracts where the amortisation period of the
assets would have been one year or less.
Contract liabilities relate to payments received from the customer on the contract, and/or
amounts invoiced to the customer in advance of the Group performing its obligations on
contracts where revenue is recognised either over time or at a point in time. These amounts
are included within trade and other payables.
Recognition
Financial assets and financial liabilities are recognised on the Balance Sheet in accordance
with IFRS 9: \u2018Financial Instruments\u2019 when the Group becomes a party to the contractual
provisions of the instrument.
The Group derecognises a financial asset only when the contractual rights to the cash flows
from the asset expire or it transfers the financial asset and substantially all the risks and
rewards of ownership of the asset to another entity.
The Group derecognises a financial liability only when the Group\u2019s obligations are discharged
or cancelled or they expire.
Classification and measurement
All non-derivative financial assets are classified in accordance with IFRS 9 as \u201csubsequently
measured at amortised cost\u201d. All non-derivative financial liabilities are classified as
\u201csubsequently measured at amortised cost\u201d.
Financial assets and liabilities subsequently measured at amortised cost are initially
recognised at fair value determined based on discounted cash flow analysis using current
market rates for similar instruments. They are subsequently measured at amortised cost using
the \u201ceffective interest rate\u201d method. Financial assets are also measured after recognition of
any impairment, which is included within administrative expenses in the Income Statement.
Financial liabilities are classified as current liabilities unless the Group has an unconditional
right to defer settlement of the liability for at least 12 months after the balance sheet date.
Impairment
A loss allowance is recognised for expected credit losses on financial assets as described
in note 17. Any impairment is recognised immediately in the Income Statement.
Equity instruments
Ordinary share capital is recorded at the proceeds received, net of direct issue costs,
and is classified as equity.
Own shares
Own shares purchased by the Company or issued to the EBT are recorded at cost and held in
the own shares reserve.
Share-based payments
Equity-settled share-based payments are measured at the fair value of the equity instrument
at the date of grant. Fair value is measured either using Black Scholes or Monte Carlo models
depending on the characteristics of the scheme. Valuations have also been adjusted for any
post-vesting holding period with the adjustment calculated using a Finnerty and Chaffe model.
The fair value is expensed in the Income Statement on a straight-line basis over the vesting
period, based on the Group\u2019s estimate of shares that will eventually vest where non-market
vesting conditions apply. Non-market vesting conditions are taken into account in the estimate
of the fair value of the equity instruments.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-427": { "value": "1. Basis of preparation Introduction The Financial Statements for the Group and Company have been prepared in accordance with UK adopted IAS in conformity with the requirements of the Companies Act 2006 and in accordance with UK adopted IFRS. The Financial Statements have been prepared under the historical cost convention as modified by the revaluation of share-based payments. Following the acquisition of Redrow plc (now Redrow Limited) on 21 August 2024 by Barratt Developments PLC (now Barratt Redrow plc), Barratt Developments PLC was renamed Barratt Redrow plc and the use of 26/52 week accounting reference dates was adopted. Throughout these Financial Statements the current period is the 52 weeks ended 29 June 2025 and the comparative period is the year ended 30 June 2024. Group accounting policies The material Group accounting policies are included within the relevant notes to the Financial Statements on pages 168 to 225. Critical accounting judgements and key sources of estimation uncertainty The preparation of Financial Statements in conformity with UK adopted IFRS requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Although these estimates are based on the Directors\u2019 best knowledge of the amounts, actual results may ultimately differ from those estimates. The Directors have made no individual critical accounting judgements that have had a significant impact upon the Financial Statements, apart from those involving estimations. The most significant estimates made by the Directors in these Financial Statements, which are the key sources of estimation uncertainty that may have a significant risk of causing a material difference to the carrying value of assets and liabilities within the next financial period, are the valuation of legacy property provisions (see note 20) and margin recognition (see note 3). There are no key sources of estimation uncertainty in the Company Financial Statements. Basis of consolidation The Group Financial Statements include the results of Barratt Redrow plc (formerly Barratt Developments PLC) (the Company), a public company limited by shares and incorporated in the United Kingdom, and all of its subsidiary undertakings, made up to 29 June (2024: 30 June). Barratt Redrow plc is the ultimate parent company. The financial statements of subsidiary undertakings are consolidated from the date that control passes to the Group, and up to the date control ceases. Control is achieved when the Group becomes entitled to the variable returns of the subsidiary and becomes exposed to its risks, and has the power to affect those risks and returns. Acquired entities are accounted for using the acquisition method of accounting. All transactions with subsidiaries and intercompany profits or losses are eliminated on consolidation. Going concern In determining the appropriate basis of preparation of the Financial Statements, the Directors are required to consider whether the Group and Company can continue to meet their liabilities and other obligations for the foreseeable future. The Group\u2019s business activities, together with factors that the Directors consider are likely to affect its development, financial performance and financial position, are set out in the Strategic Report on pages 1 to 84. The material financial and operational risks and uncertainties that may affect the Group\u2019s performance and their mitigation are outlined on pages 68 to 73, and financial risks including liquidity, market, credit and capital risks are outlined in note 31 to the Financial Statements. At 29 June 2025, the Group held cash of \u00a3969.6m and total loans and borrowings of \u00a3200.0m, consisting of \u00a3200.0m Sterling USPP notes maturing in August 2027. These balances, set against prepaid facility fees, comprise the Group\u2019s net cash of \u00a3772.6m, presented in note 18. Should further funding be required, the Group has a committed \u00a3700m revolving credit facility (RCF), subject to compliance with certain financial covenants, that matures in November 2029. As such, in consideration of its net current assets of \u00a37.3bn, the Directors are satisfied that the Group has sufficient liquidity to meet its current liabilities and working capital requirements. The Group\u2019s financial forecasts reflect the outcomes that the Directors consider most likely, based on the information available at the date of signing these Financial Statements. To assess the Group\u2019s resilience to more adverse outcomes, its forecast performance was sensitised to reflect a series of scenarios based on the Group\u2019s principal risks and the downside prospects for the UK economy and housing market presented in the latest available external economic forecasts. This exercise included a reasonable worst-case scenario in which the Group\u2019s principal risks manifest in aggregate to a severe but plausible level. This assumed that average selling prices fall by 10%, sales volumes fall by 15% and construction costs increase by 2% above the base forecasts, in addition to the implementation of a building safety levy and increased carbon pricing costs. The effects were modelled over the 12 months from the date of signing of these Financial Statements, alongside reasonable mitigation that the Group would expect to undertake in such circumstances, primarily a reduction in investment in inventories in line with the fall in expected sales and a 50% reduction in uncommitted land spend. In all scenarios, including the reasonable worst case, the Group is able to comply with its financial covenants, operate within its current facilities and meet its liabilities as they fall due. Furthermore, reverse stress testing was performed to determine the market conditions in which the Group would cease to be able to operate under its current facilities within 12 months from the date of signing these Financial Statements. Based on past experience and current economic forecasts, the Directors consider the possibility of this outcome to be remote and have identified mitigation that would be adopted in such circumstances. Accordingly, the Directors consider there to be no material uncertainties that may cast significant doubt on the Group\u2019s ability to continue to operate as a going concern. They have formed a judgement that there is a reasonable expectation that the Group and Company have adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the date of signing these Financial Statements. For this reason, they continue to adopt the going concern basis in the preparation of these Financial Statements. Application of accounting standards During the 52 weeks ended 29 June 2025, the Group has applied accounting policies and methods of computation consistent with those applied in the prior year. In addition, accounting policies have been applied in respect of: \u2022 the defined benefit scheme (acquired through the acquisition of Redrow plc (note 10)) \u2013 see note 5, and \u2022 land options \u2013 see note 16. During the period, the Group has adopted the following new and revised standards and interpretations that have had no impact on the Financial Statements: \u2022 Amendments to IAS 1: \u2018Classification of Liabilities\u2019; \u2022 Amendments to IAS 1: \u2018Non-current Liabilities with Covenants\u2019; \u2022 Amendments to IFRS 16: \u2018Lease Liability in a Sale and Leaseback Arrangement\u2019; and \u2022 Amendments to IAS 7 and IFRS 7: \u2018Supplier Finance Arrangements\u2019. Impact of standards and interpretations in issue but not yet effective At the date of approval of these Financial Statements, there were a number of standards, amendments and interpretations that have been published and are mandatory for the Group\u2019s accounting periods beginning on or after 30 June 2025 and later periods. Of these, IFRS 18: \u2018Presentation and Disclosure in Financial Statements\u2019 is expected to impact the Financial Statements of the Group. The changes that will be required are mainly presentational and will require more detailed analysis of Income Statement lines in the notes. The Group has not early adopted any standard, amendment or interpretation.", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-456": { "value": "The Financial Statements for the Group and Company have been prepared in accordance with UK adopted IAS in conformity with the requirements of the Companies Act 2006 and in accordance with UK adopted IFRS. The Financial Statements have been prepared under the historical cost convention as modified by the revaluation of share-based payments. Following the acquisition of Redrow plc (now Redrow Limited) on 21 August 2024 by Barratt Developments PLC (now Barratt Redrow plc), Barratt Developments PLC was renamed Barratt Redrow plc and the use of 26/52 week accounting reference dates was adopted. Throughout these Financial Statements the current period is the 52 weeks ended 29 June 2025 and the comparative period is the year ended 30 June 2024.", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-423": { "value": "Following the acquisition of Redrow plc (now Redrow Limited) on 21 August 2024 by Barratt Developments PLC (now Barratt Redrow plc), Barratt Developments PLC was renamed Barratt Redrow plc and the use of 26/52 week accounting reference dates was adopted.", "dimensions": { "concept": "ifrs-full:ExplanationOfChangeInNameOfReportingEntityOrOtherMeansOfIdentificationFromEndOfPrecedingReportingPeriod", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-1": { "value": "Barratt Redrow plc", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-422": { "value": "Barratt Redrow plc", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-425": { "value": "Critical accounting judgements and key sources of estimation uncertainty The preparation of Financial Statements in conformity with UK adopted IFRS requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Although these estimates are based on the Directors\u2019 best knowledge of the amounts, actual results may ultimately differ from those estimates. The Directors have made no individual critical accounting judgements that have had a significant impact upon the Financial Statements, apart from those involving estimations. The most significant estimates made by the Directors in these Financial Statements, which are the key sources of estimation uncertainty that may have a significant risk of causing a material difference to the carrying value of assets and liabilities within the next financial period, are the valuation of legacy property provisions (see note 20) and margin recognition (see note 3). There are no key sources of estimation uncertainty in the Company Financial Statements. Margin recognition In order to determine the profit that the Group is able to recognise on its developments in a specific period, the Group allocates site-wide development costs between homes built in the current period and in future periods. The Group also has to estimate costs to complete on such developments and make estimates relating to future sales price margins on those developments and homes, considering expected future sales price and build cost inflation. In making these assessments there is, inherently, a degree of uncertainty. The Group\u2019s site valuation process determines the forecast profit margin for each site. The valuation process acts as a method of allocating land costs and construction work in progress costs of a development to each individual plot and drives the recognition of costs in the Income Statement as each plot is sold. Any changes in the forecast profit margin of a site from changes in sales prices or costs to complete are recognised across all homes sold in both the current period and future periods. This ensures that the forecast site margin achieved on each individual home is equal for all current year completions and future plots across the development. Management has performed a sensitivity analysis to assess the impact of a change in estimated future costs or forecast selling prices for developments on which sales were recognised in the period. A 2% increase in the forecast costs to complete would increase site-cost allocation in cost of sales in 2025 by \u00a331.7m, resulting in a reduction in gross margin of 60 bps. A 3% decrease in forecast private sales prices would increase site-cost allocation in cost of sales in 2025 by \u00a357.0m, resulting in a reduction in gross margin of 110 bps.
Legacy property provisions
Building safety
On 13 March 2023, the Group signed the Self-Remediation Terms and Contract, codifying the
commitments previously made under the Building Safety Pledge to undertake, or to fund,
remediation or mitigation works on external wall systems (EWS) on all buildings of 11 metres or
above in England and Wales that it has developed or refurbished in the 30 years preceding the
date of the Building Safety Pledge, and to reimburse the Government\u2019s Building Safety Fund
wherever it has contributed to such activities. The Group has provided for the cost of fulfilling
this commitment, as well as assisting with remedial work identified at a limited number of other
legacy properties where it has a legal liability to do so, where relevant build issues have been
identified, or where it is considered probable that such build issues exist.
As a result of the acquisition of Redrow plc on 21 August 2024, the Group\u2019s obligations under
the Self-Remediation Terms and Contract now include the relevant buildings developed or
refurbished by the Redrow group of companies. The remediation of these buildings is now
being managed with the benefit of the experience of the combined Group and the fair value of
the obligations at the acquisition date included within provisions. In accordance with IFRS 3, as
described in note 10, this includes the fair value of possible remediation works on properties for
which there is currently no confirmation of works being required and which are deemed to be
low risk, and consequently, in accordance with IAS 37, no liability was previously recognised in
the financial statements of Redrow plc or its subsidiaries.
At the Redrow acquisition date, 27 buildings with a height of over 11 metres were under active review by Redrow under the Self-Remediation Contract. Responsibility for these buildings was assumed by the Group on acquisition. Following contact from building owners regarding potential issues, a net further 18 buildings with a height of over 11 metres were added to the Group scope of works in the period, including one in the Redrow portfolio.
Responsibility Review
assumed confirmed
through no remediation,
the acquisition Identified for or remediation
30 June 2024 of Redrow review
completed
29 June 2025
Under review:
Buildings above
18 metres
146
17
10
(15)
158
Buildings
between 11
and 18 metres
116
10
9
(15)
120
Total buildings
262
27
19
(30)
278
Developments
92
12
11
(13)
102
At 29 June 2025, of the 278 buildings in the portfolio under review in the combined Group, 192 were at tender or site mobilisation or were in the process of being remediated (30 June 2024: 262 buildings, of which 137 were at tender or site mobilisation or were in the process of being remediated). As part of the ongoing works to remediate building safety issues, it has been identified that additional work on four buildings at one development in our Southern region is required to improve the fire protection of the internal structure. Additional costs have also been recognised for the remediation of newly identified issues at a large development in London that was already part of our building safety provision. An additional \u00a393.1m has been provided at the reporting date for these two developments, based on the current estimate of remediation cost. At 30 June 2024, the Group held \u00a314.8m in relation to completed developments and \u00a318.8m in relation to reinforced concrete frames in respect of the above two developments. All work at these developments is being undertaken under a single remediation programme and therefore all related amounts have been reclassified to be shown together in the building safety provision. A further \u00a315.8m has been provided in respect of minor cost increases across the rest of the portfolio. The Group continues to review all of its current and legacy buildings where it has used EWS or cladding solutions, assessing the action required in line with the latest updates to Government guidance as it applies to multi-storey and multi-occupied residential buildings. All our buildings, including those incorporating EWS or cladding solutions, were signed off by approved inspectors as compliant with the relevant Building Regulations at the time of completion. Management expect the majority of the works to be completed within four years. Estimated future costs are discounted to their present value using the yield for a UK gilt with maturity approximating the duration of the remediation programme. This is a complex area requiring significant estimates with respect to the estimates for the number of buildings affected, the individual remediation requirements of each building and the costs associated with that remediation (see also note 29). The investigation of the works required at some of the buildings is at an early stage and work at others is ongoing. Therefore, it is possible that the scope of works required could change. If government legislation and regulation further evolve, or if the estimated timing of work is affected by building owner engagement or contractor availability, these estimates could change. In relation to the Group\u2019s obligations under the Scottish Safer Buildings Accord, signed on 31 May 2023, and the Housing (Cladding Remediation) (Scotland) Act, passed on 21 June 2024, the external wall provision is recorded on the basis that the standard of remediation required in Scotland is consistent with England and Wales. This will be determined when the final contract with the Scottish Government is signed (see note 29). The estimates are based on key assumptions that will be updated as work and time progress. The sensitivity of the provision held at the balance sheet date, to the following possible movements in key assumptions, is shown below:
Increase/(decrease)
in provisions at
29 June 2025
Sensitivity \u00a3m
5% increase in estimated cost
44.3
5% increase in the number of buildings
46.3
100 bps increase in discount rate
(11.9)
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-457": { "value": "Basis of consolidation The Group Financial Statements include the results of Barratt Redrow plc (formerly Barratt Developments PLC) (the Company), a public company limited by shares and incorporated in the United Kingdom, and all of its subsidiary undertakings, made up to 29 June (2024: 30 June). Barratt Redrow plc is the ultimate parent company. The financial statements of subsidiary undertakings are consolidated from the date that control passes to the Group, and up to the date control ceases. Control is achieved when the Group becomes entitled to the variable returns of the subsidiary and becomes exposed to its risks, and has the power to affect those risks and returns. Acquired entities are accounted for using the acquisition method of accounting. All transactions with subsidiaries and intercompany profits or losses are eliminated on consolidation. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-2": { "value": "public company limited", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-3": { "value": "United Kingdom", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-458": { "value": "Going concern In determining the appropriate basis of preparation of the Financial Statements, the Directors are required to consider whether the Group and Company can continue to meet their liabilities and other obligations for the foreseeable future. The Group\u2019s business activities, together with factors that the Directors consider are likely to affect its development, financial performance and financial position, are set out in the Strategic Report on pages 1 to 84. The material financial and operational risks and uncertainties that may affect the Group\u2019s performance and their mitigation are outlined on pages 68 to 73, and financial risks including liquidity, market, credit and capital risks are outlined in note 31 to the Financial Statements. At 29 June 2025, the Group held cash of \u00a3969.6m and total loans and borrowings of \u00a3200.0m, consisting of \u00a3200.0m Sterling USPP notes maturing in August 2027. These balances, set against prepaid facility fees, comprise the Group\u2019s net cash of \u00a3772.6m, presented in note 18. Should further funding be required, the Group has a committed \u00a3700m revolving credit facility (RCF), subject to compliance with certain financial covenants, that matures in November 2029. As such, in consideration of its net current assets of \u00a37.3bn, the Directors are satisfied that the Group has sufficient liquidity to meet its current liabilities and working capital requirements. The Group\u2019s financial forecasts reflect the outcomes that the Directors consider most likely, based on the information available at the date of signing these Financial Statements. To assess the Group\u2019s resilience to more adverse outcomes, its forecast performance was sensitised to reflect a series of scenarios based on the Group\u2019s principal risks and the downside prospects for the UK economy and housing market presented in the latest available external economic forecasts. This exercise included a reasonable worst-case scenario in which the Group\u2019s principal risks manifest in aggregate to a severe but plausible level. This assumed that average selling prices fall by 10%, sales volumes fall by 15% and construction costs increase by 2% above the base forecasts, in addition to the implementation of a building safety levy and increased carbon pricing costs. The effects were modelled over the 12 months from the date of signing of these Financial Statements, alongside reasonable mitigation that the Group would expect to undertake in such circumstances, primarily a reduction in investment in inventories in line with the fall in expected sales and a 50% reduction in uncommitted land spend. In all scenarios, including the reasonable worst case, the Group is able to comply with its financial covenants, operate within its current facilities and meet its liabilities as they fall due. Furthermore, reverse stress testing was performed to determine the market conditions in which the Group would cease to be able to operate under its current facilities within 12 months from the date of signing these Financial Statements. Based on past experience and current economic forecasts, the Directors consider the possibility of this outcome to be remote and have identified mitigation that would be adopted in such circumstances. Accordingly, the Directors consider there to be no material uncertainties that may cast significant doubt on the Group\u2019s ability to continue to operate as a going concern. They have formed a judgement that there is a reasonable expectation that the Group and Company have adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the date of signing these Financial Statements. For this reason, they continue to adopt the going concern basis in the preparation of these Financial Statements. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-481": { "value": "Application of accounting standards During the 52 weeks ended 29 June 2025, the Group has applied accounting policies and methods of computation consistent with those applied in the prior year. In addition, accounting policies have been applied in respect of: \u2022 the defined benefit scheme (acquired through the acquisition of Redrow plc (note 10)) \u2013 see note 5, and \u2022 land options \u2013 see note 16. During the period, the Group has adopted the following new and revised standards and interpretations that have had no impact on the Financial Statements: \u2022 Amendments to IAS 1: \u2018Classification of Liabilities\u2019; \u2022 Amendments to IAS 1: \u2018Non-current Liabilities with Covenants\u2019; \u2022 Amendments to IFRS 16: \u2018Lease Liability in a Sale and Leaseback Arrangement\u2019; and \u2022 Amendments to IAS 7 and IFRS 7: \u2018Supplier Finance Arrangements\u2019. ", "dimensions": { "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-459": { "value": "Application of accounting standards During the 52 weeks ended 29 June 2025, the Group has applied accounting policies and methods of computation consistent with those applied in the prior year. In addition, accounting policies have been applied in respect of: \u2022 the defined benefit scheme (acquired through the acquisition of Redrow plc (note 10)) \u2013 see note 5, and \u2022 land options \u2013 see note 16. During the period, the Group has adopted the following new and revised standards and interpretations that have had no impact on the Financial Statements: \u2022 Amendments to IAS 1: \u2018Classification of Liabilities\u2019; \u2022 Amendments to IAS 1: \u2018Non-current Liabilities with Covenants\u2019; \u2022 Amendments to IFRS 16: \u2018Lease Liability in a Sale and Leaseback Arrangement\u2019; and \u2022 Amendments to IAS 7 and IFRS 7: \u2018Supplier Finance Arrangements\u2019. Impact of standards and interpretations in issue but not yet effective At the date of approval of these Financial Statements, there were a number of standards, amendments and interpretations that have been published and are mandatory for the Group\u2019s accounting periods beginning on or after 30 June 2025 and later periods. Of these, IFRS 18: \u2018Presentation and Disclosure in Financial Statements\u2019 is expected to impact the Financial Statements of the Group. The changes that will be required are mainly presentational and will require more detailed analysis of Income Statement lines in the notes. The Group has not early adopted any standard, amendment or interpretation.", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-482": { "value": "Impact of standards and interpretations in issue but not yet effective At the date of approval of these Financial Statements, there were a number of standards, amendments and interpretations that have been published and are mandatory for the Group\u2019s accounting periods beginning on or after 30 June 2025 and later periods. Of these, IFRS 18: \u2018Presentation and Disclosure in Financial Statements\u2019 is expected to impact the Financial Statements of the Group. The changes that will be required are mainly presentational and will require more detailed analysis of Income Statement lines in the notes. The Group has not early adopted any standard, amendment or interpretation.", "dimensions": { "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-428": { "value": "
2. Revenue
The Group\u2019s revenue derives principally from the sale of the homes the Group builds.
Revenue from the sale of residential and commercial properties
Revenue is recognised at legal completion in respect of the total proceeds of building and
development. Revenue is measured at the fair value of consideration received or receivable
and represents the amounts receivable for the property, net of discounts and VAT. Proceeds
received on the disposal of part-exchange properties are not included in revenue on the basis
that they are incidental to the main revenue-generating activities of the Group.
The Group considers all contracts with commercial customers and contracts for the sale of
multiple units that are under construction on a contract-by-contract basis and determines
the appropriate revenue recognition based on the particular terms of that contract. For the
majority of such contracts, there is a single performance obligation for which revenue is
recognised at a point in time, when construction has been completed and control is
transferred to the customer.
Revenue on contracts recognised over time
The Group recognises revenue over time in relation to certain contracts for the sale of multiple
units only in circumstances in which control of the associated land has transferred to the
customer before or during construction. Revenue is only recognised from the point at which
control of the associated land is transferred, considering the rights to economic benefit as well
as legal title. Revenue is recognised because the construction activity enhances an asset that
is controlled by the customer.
Where the outcome of a contract on which revenue is recognised over time can be estimated
reliably, revenue is recognised by reference to the stage of completion of contract activity at
the balance sheet date. This is normally measured by surveys of work performed to date. The
Group is satisfied that it is appropriate to measure performance by reference to surveys of
work performed to date because these surveys identify the extent to which benefits have been
transferred to the customer. Variations to, and claims arising in respect of, such contracts are
included in revenue to the extent that they have been agreed with the customer. Where the
outcome of a contract on which revenue is recognised over time cannot be estimated reliably,
revenue is recognised to the extent of contract costs incurred. When it is probable that the
total costs on a contract will exceed total contract revenue, the expected loss is immediately
recognised as an expense in the Income Statement.
Other revenue Revenue from separate contracts related to the development of homes is recognised on completion of the performance obligation to which it relates and is included in other revenue. Revenue from commercial contract management fees is recognised in the period in which it becomes receivable and is included within other revenue. Revenue from planning promotion agreements is recognised at the point at which contractual obligations are satisfied. An analysis of the Group\u2019s continuing revenue is as follows:
Residential completions
1
Revenue
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Number Number \u00a3m \u00a3m
Revenue from private residential
sales
12,251
9,618
4,729.2
3,369.7
Revenue from sales to the private
rental sector
878
1,048
267.8
298.8
Revenue from affordable residential
sales
2,898
2,802
513.3
463.1
Revenue from commercial sales
n/a
n/a
27.1
21.9
Revenue from planning promotion
agreements
n/a
n/a
38.6
12.9
Sundry revenue
n/a
n/a
2.3
1.8
16,027
13,468
5,578.3
4,168.2
1 Residential completions exclude JV completions of 538 homes (2024: 536) in which the Group has an interest. Included within Group revenue is \u00a3175.8m (2024: \u00a3218.2m) of revenue from construction contracts on which revenue is recognised over time by reference to the stage of completion of work on the contracts (note 21). Of this amount, \u00a33.4m (2024: \u00a38.9m) was included in the contract liability balance at the beginning of the year. Completions are recognised on a pro-rata basis on revenue recognised over time. Revenue includes \u00a3692.3m (2024: \u00a3564.6m) of revenue generated where the sale has been achieved using part-exchange incentives. ", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-460": { "value": "2. Revenue The Group\u2019s revenue derives principally from the sale of the homes the Group builds. Revenue from the sale of residential and commercial properties Revenue is recognised at legal completion in respect of the total proceeds of building and development. Revenue is measured at the fair value of consideration received or receivable and represents the amounts receivable for the property, net of discounts and VAT. Proceeds received on the disposal of part-exchange properties are not included in revenue on the basis that they are incidental to the main revenue-generating activities of the Group. The Group considers all contracts with commercial customers and contracts for the sale of multiple units that are under construction on a contract-by-contract basis and determines the appropriate revenue recognition based on the particular terms of that contract. For the majority of such contracts, there is a single performance obligation for which revenue is recognised at a point in time, when construction has been completed and control is transferred to the customer. Revenue on contracts recognised over time The Group recognises revenue over time in relation to certain contracts for the sale of multiple units only in circumstances in which control of the associated land has transferred to the customer before or during construction. Revenue is only recognised from the point at which control of the associated land is transferred, considering the rights to economic benefit as well as legal title. Revenue is recognised because the construction activity enhances an asset that is controlled by the customer. Where the outcome of a contract on which revenue is recognised over time can be estimated reliably, revenue is recognised by reference to the stage of completion of contract activity at the balance sheet date. This is normally measured by surveys of work performed to date. The Group is satisfied that it is appropriate to measure performance by reference to surveys of work performed to date because these surveys identify the extent to which benefits have been transferred to the customer. Variations to, and claims arising in respect of, such contracts are included in revenue to the extent that they have been agreed with the customer. Where the outcome of a contract on which revenue is recognised over time cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred. When it is probable that the total costs on a contract will exceed total contract revenue, the expected loss is immediately recognised as an expense in the Income Statement. Other revenue Revenue from separate contracts related to the development of homes is recognised on completion of the performance obligation to which it relates and is included in other revenue. Revenue from commercial contract management fees is recognised in the period in which it becomes receivable and is included within other revenue. Revenue from planning promotion agreements is recognised at the point at which contractual obligations are satisfied. An analysis of the Group\u2019s continuing revenue is as follows:
Residential completions
1
Revenue
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Number Number \u00a3m \u00a3m
Revenue from private residential
sales
12,251
9,618
4,729.2
3,369.7
Revenue from sales to the private
rental sector
878
1,048
267.8
298.8
Revenue from affordable residential
sales
2,898
2,802
513.3
463.1
Revenue from commercial sales
n/a
n/a
27.1
21.9
Revenue from planning promotion
agreements
n/a
n/a
38.6
12.9
Sundry revenue
n/a
n/a
2.3
1.8
16,027
13,468
5,578.3
4,168.2
1 Residential completions exclude JV completions of 538 homes (2024: 536) in which the Group has an interest. Included within Group revenue is \u00a3175.8m (2024: \u00a3218.2m) of revenue from construction contracts on which revenue is recognised over time by reference to the stage of completion of work on the contracts (note 21). Of this amount, \u00a33.4m (2024: \u00a38.9m) was included in the contract liability balance at the beginning of the year. Completions are recognised on a pro-rata basis on revenue recognised over time. Revenue includes \u00a3692.3m (2024: \u00a3564.6m) of revenue generated where the sale has been achieved using part-exchange incentives. ", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-509": { "value": "Revenue from the sale of residential and commercial properties Revenue is recognised at legal completion in respect of the total proceeds of building and development. Revenue is measured at the fair value of consideration received or receivable and represents the amounts receivable for the property, net of discounts and VAT. Proceeds received on the disposal of part-exchange properties are not included in revenue on the basis that they are incidental to the main revenue-generating activities of the Group. The Group considers all contracts with commercial customers and contracts for the sale of multiple units that are under construction on a contract-by-contract basis and determines the appropriate revenue recognition based on the particular terms of that contract. For the majority of such contracts, there is a single performance obligation for which revenue is recognised at a point in time, when construction has been completed and control is transferred to the customer. Revenue on contracts recognised over time The Group recognises revenue over time in relation to certain contracts for the sale of multiple units only in circumstances in which control of the associated land has transferred to the customer before or during construction. Revenue is only recognised from the point at which control of the associated land is transferred, considering the rights to economic benefit as well as legal title. Revenue is recognised because the construction activity enhances an asset that is controlled by the customer. Where the outcome of a contract on which revenue is recognised over time can be estimated reliably, revenue is recognised by reference to the stage of completion of contract activity at the balance sheet date. This is normally measured by surveys of work performed to date. The Group is satisfied that it is appropriate to measure performance by reference to surveys of work performed to date because these surveys identify the extent to which benefits have been transferred to the customer. Variations to, and claims arising in respect of, such contracts are included in revenue to the extent that they have been agreed with the customer. Where the outcome of a contract on which revenue is recognised over time cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred. When it is probable that the total costs on a contract will exceed total contract revenue, the expected loss is immediately recognised as an expense in the Income Statement. Other revenue Revenue from separate contracts related to the development of homes is recognised on completion of the performance obligation to which it relates and is included in other revenue. Revenue from commercial contract management fees is recognised in the period in which it becomes receivable and is included within other revenue. Revenue from planning promotion agreements is recognised at the point at which contractual obligations are satisfied. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-429": { "value": "3. Operating profit Operating profit includes all of the revenue and costs derived from the Group\u2019s operating businesses. Operating profit excludes finance costs, finance income, the Group\u2019s share of profits or losses from JVs and tax. The Group\u2019s principal activity is housebuilding. On 21 August 2024, the Group acquired Redrow plc, another housebuilding business. Since the acquisition, significant progress has been made in integrating the Redrow business into the Group\u2019s existing housebuilding operation. Financial information is reported to the Board as the chief operating decision maker on an integrated basis and decisions regarding resource allocation are made with reference to the housebuilding business as a whole. Accordingly, housebuilding is considered to be one operating segment. None of the other business activities undertaken by the Group are presented separately to the Board, either individually or in aggregate. These other business activities in aggregate account for less than 10% of the Group\u2019s revenue, profit and total assets. Therefore, no segmental information is presented in these Financial Statements. Margin recognition In order to determine the profit that the Group is able to recognise on its developments in a specific period, the Group allocates site-wide development costs between homes built in the current period and in future periods. The Group also has to estimate costs to complete on such developments and make estimates relating to future sales price margins on those developments and homes, considering expected future sales price and build cost inflation. In making these assessments there is, inherently, a degree of uncertainty. The Group\u2019s site valuation process determines the forecast profit margin for each site. The valuation process acts as a method of allocating land costs and construction work in progress costs of a development to each individual plot and drives the recognition of costs in the Income Statement as each plot is sold. Any changes in the forecast profit margin of a site from changes in sales prices or costs to complete are recognised across all homes sold in both the current period and future periods. This ensures that the forecast site margin achieved on each individual home is equal for all current year completions and future plots across the development. Management has performed a sensitivity analysis to assess the impact of a change in estimated future costs or forecast selling prices for developments on which sales were recognised in the period. A 2% increase in the forecast costs to complete would increase site-cost allocation in cost of sales in 2025 by \u00a331.7m, resulting in a reduction in gross margin of 60 bps. A 3% decrease in forecast private sales prices would increase site-cost allocation in cost of sales in 2025 by \u00a357.0m, resulting in a reduction in gross margin of 110 bps. Part-exchange income and expenses Income on the sale of a part-exchange property is recognised at legal completion at the fair value of consideration received or receivable for the property. Part-exchange properties are recognised in inventories at the lower of cost, being their fair value at acquisition, and their net realisable value. The amount of any write-down of inventories to net realisable value, or reversal of a previous write-down, is recognised in the Income Statement in the period in which it occurs. The carrying amount of a part-exchange property is recognised as an expense in the period in which the related income is recognised. Maintenance costs are recognised in the Income Statement in the period in which they are incurred. Operating profit is stated after charging/(crediting):
52 weeks
ended Year ended
29 June 30 June
2025 2024
Notes \u00a3m \u00a3m
Cost of inventories recognised as an expense in cost of sales
4,426.3
3,241.6
Employee costs (including Directors)
5
668.1
524.0
Adjusted items:
Costs associated with legacy properties
4
106.2
180.0
Amounts associated with legacy properties recovered
from third parties
4
(15.8)
(0.5)
Costs incurred in respect of the acquisition of Redrow plc
4
36.2
22.4
Reorganisation and restructuring costs
4
56.8
\u2013
CMA commitment
4
29.0
\u2013
Legal fees on recovery of legacy property costs
4
2.2
\u2013
Depreciation of property, plant and equipment
14
9.0
7.5
Depreciation of right-of-use assets
15
18.4
15.2
Amortisation of intangible assets
11
14.5
10.4
Operating profit is stated after charging the Directors\u2019 emoluments disclosed in the Remuneration Report on pages 124 to 148 and in note 5.
The Group does not recognise income from supplier rebates until it can be calculated reliably and
it is certain that it will be received from suppliers. During the period, \u00a344.4m (2024: \u00a334.6m) of
supplier rebate income was included within operating profit.
Administrative expenses
Administrative expenses of \u00a3503.2m (2024: \u00a3336.9m) include sundry income of \u00a318.5m
(2024: \u00a314.8m), which principally comprises management fees receivable from JVs, forfeit
deposits and ground rent receivable.
Auditor\u2019s remuneration
The remuneration of Deloitte LLP, the Group\u2019s principal auditor, is disclosed below:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3000 \u00a3000
Fees payable to the Company\u2019s auditor for the audit of
the Company and Consolidated Financial Statements
1,946
1,023
Fees payable to the Company\u2019s auditor for the audit of the
Company\u2019s subsidiaries
780
195
Total audit fees
2,726
1,218
Audit-related assurance services
1
268
89
Other services
2
342
230
Total fees for other services
610
319
Total fees related to the Company and its subsidiaries
3,336
1,537
1 Audit-related assurance services comprise the review of the Interim Report.
2 Other services comprise assurance services over selected ESG metrics and compliance with the recommendations of the TCFD and review procedures over
selected non-financial disclosures in the Annual Report.
Details of the Group\u2019s policy on the use of the Company\u2019s principal auditor for non-audit services
and auditor independence are set out in the Audit Committee Report on pages 111 to 121. No
services were provided under contingent fee arrangements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-4": { "value": "The Group\u2019s principal activity is housebuilding.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-510": { "value": "Part-exchange income and expenses Income on the sale of a part-exchange property is recognised at legal completion at the fair value of consideration received or receivable for the property. Part-exchange properties are recognised in inventories at the lower of cost, being their fair value at acquisition, and their net realisable value. The amount of any write-down of inventories to net realisable value, or reversal of a previous write-down, is recognised in the Income Statement in the period in which it occurs. The carrying amount of a part-exchange property is recognised as an expense in the period in which the related income is recognised. Maintenance costs are recognised in the Income Statement in the period in which they are incurred. ", "dimensions": { "concept": "barrattdevelopments:DescriptionOfAccountingPolicyForPartExchangeIncomeAndExpenses", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-483": { "value": "
Operating profit is stated after charging/(crediting):
52 weeks
ended Year ended
29 June 30 June
2025 2024
Notes \u00a3m \u00a3m
Cost of inventories recognised as an expense in cost of sales
4,426.3
3,241.6
Employee costs (including Directors)
5
668.1
524.0
Adjusted items:
Costs associated with legacy properties
4
106.2
180.0
Amounts associated with legacy properties recovered
from third parties
4
(15.8)
(0.5)
Costs incurred in respect of the acquisition of Redrow plc
4
36.2
22.4
Reorganisation and restructuring costs
4
56.8
\u2013
CMA commitment
4
29.0
\u2013
Legal fees on recovery of legacy property costs
4
2.2
\u2013
Depreciation of property, plant and equipment
14
9.0
7.5
Depreciation of right-of-use assets
15
18.4
15.2
Amortisation of intangible assets
11
14.5
10.4
Operating profit is stated after charging the Directors\u2019 emoluments disclosed in the Remuneration
Report on pages 124 to 148 and in note 5.
Group
Company
Plant and Plant and
Property equipment Total Property equipment Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At 1 July 2023
37.5
66.8
104.3
0.2
28.6
28.8
Additions
1.0
6.2
7.2
\u2014
1.1
1.1
Disposals
(0.2)
(0.7)
(0.9)
\u2014
\u2014
\u2014
At 30 June 2024
38.3
72.3
110.6
0.2
29.7
29.9
Additions
10.6
7.5
18.1
\u2014
2.4
2.4
Acquired on acquisition
of Redrow plc
19.9
0.9
20.8
\u2014
\u2014
\u2014
Disposals
(1.5)
(0.7)
(2.2)
\u2014
\u2014
\u2014
At 29 June 2025
67.3
80.0
147.3
0.2
32.1
32.3
Depreciation
At 1 July 2023
3.8
42.4
46.2
0.2
22.5
22.7
Charge for the year
0.8
6.7
7.5
\u2014
2.8
2.8
Disposals
(0.2)
(0.4)
(0.6)
\u2014
\u2014
\u2014
At 30 June 2024
4.4
48.7
53.1
0.2
25.3
25.5
Charge for the period
1.5
7.5
9.0
\u2014
2.4
2.4
Disposals
(0.5)
(0.7)
(1.2)
\u2014
\u2014
\u2014
At 29 June 2025
5.4
55.5
60.9
0.2
27.7
27.9
Net book value
At 30 June 2024
33.9
23.6
57.5
\u2014
4.4
4.4
At 29 June 2025
61.9
24.5
86.4
\u2014
4.4
4.4
", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-496": { "value": "Operating profit is stated after charging/(crediting):
52 weeks
ended Year ended
29 June 30 June
2025 2024
Notes \u00a3m \u00a3m
Cost of inventories recognised as an expense in cost of sales
4,426.3
3,241.6
Employee costs (including Directors)
5
668.1
524.0
Adjusted items:
Costs associated with legacy properties
4
106.2
180.0
Amounts associated with legacy properties recovered
from third parties
4
(15.8)
(0.5)
Costs incurred in respect of the acquisition of Redrow plc
4
36.2
22.4
Reorganisation and restructuring costs
4
56.8
\u2013
CMA commitment
4
29.0
\u2013
Legal fees on recovery of legacy property costs
4
2.2
\u2013
Depreciation of property, plant and equipment
14
9.0
7.5
Depreciation of right-of-use assets
15
18.4
15.2
Amortisation of intangible assets
11
14.5
10.4
Operating profit is stated after charging the Directors\u2019 emoluments disclosed in the Remuneration Report on pages 124 to 148 and in note 5. The Group does not recognise income from supplier rebates until it can be calculated reliably and it is certain that it will be received from suppliers. During the period, \u00a344.4m (2024: \u00a334.6m) of supplier rebate income was included within operating profit. Administrative expenses Administrative expenses of \u00a3503.2m (2024: \u00a3336.9m) include sundry income of \u00a318.5m (2024: \u00a314.8m), which principally comprises management fees receivable from JVs, forfeit deposits and ground rent receivable. Auditor\u2019s remuneration The remuneration of Deloitte LLP, the Group\u2019s principal auditor, is disclosed below:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3000 \u00a3000
Fees payable to the Company\u2019s auditor for the audit of
the Company and Consolidated Financial Statements
1,946
1,023
Fees payable to the Company\u2019s auditor for the audit of the
Company\u2019s subsidiaries
780
195
Total audit fees
2,726
1,218
Audit-related assurance services
1
268
89
Other services
2
342
230
Total fees for other services
610
319
Total fees related to the Company and its subsidiaries
3,336
1,537
1 Audit-related assurance services comprise the review of the Interim Report. 2 Other services comprise assurance services over selected ESG metrics and compliance with the recommendations of the TCFD and review procedures over selected non-financial disclosures in the Annual Report. Details of the Group\u2019s policy on the use of the Company\u2019s principal auditor for non-audit services and auditor independence are set out in the Audit Committee Report on pages 111 to 121. No services were provided under contingent fee arrangements.", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-461": { "value": "Administrative expenses Administrative expenses of \u00a3503.2m (2024: \u00a3336.9m) include sundry income of \u00a318.5m (2024: \u00a314.8m), which principally comprises management fees receivable from JVs, forfeit deposits and ground rent receivable. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-462": { "value": "Auditor\u2019s remuneration The remuneration of Deloitte LLP, the Group\u2019s principal auditor, is disclosed below:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3000 \u00a3000
Fees payable to the Company\u2019s auditor for the audit of
the Company and Consolidated Financial Statements
1,946
1,023
Fees payable to the Company\u2019s auditor for the audit of the
Company\u2019s subsidiaries
780
195
Total audit fees
2,726
1,218
Audit-related assurance services
1
268
89
Other services
2
342
230
Total fees for other services
610
319
Total fees related to the Company and its subsidiaries
3,336
1,537
1 Audit-related assurance services comprise the review of the Interim Report. 2 Other services comprise assurance services over selected ESG metrics and compliance with the recommendations of the TCFD and review procedures over selected non-financial disclosures in the Annual Report. Details of the Group\u2019s policy on the use of the Company\u2019s principal auditor for non-audit services and auditor independence are set out in the Audit Committee Report on pages 111 to 121. No services were provided under contingent fee arrangements.", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-430": { "value": "4. Adjusted items Adjusted items In determining whether an item should be presented as an adjustment to IFRS measures, the Group considers items that are significant by virtue of their size or nature and have not arisen in the course of day-to-day business. If an item meets these criteria the Board then exercises judgement as to whether the item should be classified as an allowable adjustment to IFRS. Examples of events that may give rise to the classification of items as adjusted are charges or credits in respect of legacy properties, the restructuring of existing and newly acquired businesses, and certain government grants. The Directors use these adjusted measures, along with IFRS measures, to assess the operational performance of the Group as detailed in the key performance indicators section of the Strategic Report on pages 22 to 25.
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Costs incurred in respect of legacy properties
106.2
180.0
Amounts in respect of legacy properties recovered from
third parties
(15.8)
(0.5)
Adjusted items in cost of sales
90.4
179.5
Costs incurred in respect of the acquisition of Redrow plc
36.2
22.4
Reorganisation and restructuring costs
56.8
\u2014
CMA commitment
29.0
\u2014
Legal fees in respect of recovery above
2.2
\u2014
Adjusted items in administrative expenses
124.2
22.4
Costs incurred in respect of legacy properties by joint ventures
\u2014
12.6
Total adjusted items
214.6
214.5
Cost associated with legacy properties: The adjusted costs in the period, associated with Group legacy properties, comprise additions to provisions of \u00a3108.9m, revaluation of \u00a32.7m and reimbursements of costs from suppliers recognised directly in the Income Statement of \u00a315.8m. Further details of movements in provisions are provided in note 20.
Adjusted items in administrative expenses
On 21 August 2024, the Group acquired 100% of the share capital of Redrow plc (Redrow) in an all
share transaction. Direct costs incurred in respect of the acquisition are presented as adjusted items.
Following the acquisition of Redrow, the Directors continue to review the Group\u2019s operations in
order to most effectively integrate the Redrow business and to best position the combined Group
to realise the synergies of the combination and achieve its objectives. As a result, the Group has
undertaken certain reorganisation and restructuring activities, for which the aggregate direct
costs are expected to be material. The incremental costs incurred are presented as adjusted items.
CMA commitment
In July 2025 we announced that we, along with six other UK housebuilders, had proposed voluntary
binding commitments as part of the CMA\u2019s ongoing investigation into the housebuilding sector.
The commitment will see us pay c. \u00a329m towards future affordable housing provision and we have
recognised this payment as an adjusting item in FY25. Our proposed voluntary commitment did not
constitute an admission of any wrongdoing and we welcome the CMA\u2019s consultation on these
commitments and will continue to work constructively with the CMA to enable the investigation
to be closed in a timely manner.
", "dimensions": { "concept": "barrattdevelopments:DisclosureOfAdjustedItems", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-511": { "value": "Adjusted items In determining whether an item should be presented as an adjustment to IFRS measures, the Group considers items that are significant by virtue of their size or nature and have not arisen in the course of day-to-day business. If an item meets these criteria the Board then exercises judgement as to whether the item should be classified as an allowable adjustment to IFRS. Examples of events that may give rise to the classification of items as adjusted are charges or credits in respect of legacy properties, the restructuring of existing and newly acquired businesses, and certain government grants. The Directors use these adjusted measures, along with IFRS measures, to assess the operational performance of the Group as detailed in the key performance indicators section of the Strategic Report on pages 22 to 25. ", "dimensions": { "concept": "barrattdevelopments:DescriptionOfAccountingPolicyForAdjustedItems", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-431": { "value": "
5. Key management, employees and retirement benefit obligations
Key management and employees
Key management personnel, as defined under IAS 24: \u2018Related Party Disclosures\u2019, have been
identified as the Board of Directors, as the controls operated by the Group ensure that all key
decisions are reserved for the Board. Detailed disclosures of individual remuneration, pension
entitlements and share options for those Directors who served during the year are given in the
audited sections within the Remuneration Report on pages 124 to 148.
A summary of key management remuneration is as follows:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Salaries and fees (including pension compensation)
3.8
3.0
Social security costs
1
1.3
0.8
Performance bonuses
3.4
2.7
Benefits
0.1
0 .1
Share-based payments
2
1.8
1.8
Total
10.4
8.4
1 Excluded from the Executive Directors\u2019 and Non-Executive Directors\u2019 single figure of remuneration tables on page 136.
2 IFRS 2: \u2018Share-Based Payments\u2019 charge attributable to key management.
Total employee numbers and costs are as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Number Number Number Number
Average employee numbers
(excluding sub-contractors
and including Directors)
7,756
6,451
560
499
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Employee costs
(including Directors):
Wages and salaries
including bonuses
527.4
429.8
55.0
50.5
Redundancy costs
20.6
3.1
5.7
1.3
Social security costs
68.4
50.0
8.5
7.1
Other pension costs
32.5
21.2
2.8
2.4
Share-based payments
27
19.2
19.9
4.9
6.0
Employee costs for
the period
668.1
524.0
76.9
67.3
The majority of the costs of the Company\u2019s employees are charged to other Group companies.
Retirement benefit obligations
Defined contribution schemes
The Group operates defined contribution retirement benefit schemes for all qualifying employees,
under which it pays contributions to independently administered funds. Contributions are based
upon a fixed percentage of the employee\u2019s pay and once these have been paid, the Group has no
further obligations under these schemes.
Defined contribution schemes The Group\u2019s contributions to the schemes are charged in the Income Statement in the year in which the scheme members become entitled to contributions.
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Contributions during the period:
Group defined contribution schemes\u2019 Consolidated Income
Statement charge
32.5
21.2
Included in the above current year\u2019s charge is \u00a310.1m in respect of contributions to defined contribution plans held by employees of the former Redrow plc group. At the balance sheet date, there were outstanding contributions of \u00a34.3m (2024: \u00a33.2m), which were paid on or before the due date. Defined benefit scheme Defined benefit scheme The cost of providing benefits is determined using the Projected Unit Credit Method, with actuarial valuations being carried out at each balance sheet date. Actuarial gains and losses are recognised in full in the period in which they occur. They are recognised outside profit or loss and presented in the Statement of Comprehensive Income. Net interest is calculated by applying a discount rate to the net defined benefit liability or asset. The retirement benefit asset recognised in the Balance Sheet represents the excess of the fair value of the scheme assets over the present value of the defined benefit obligation. The Directors engage a qualified independent actuary to calculate the Group\u2019s liability in respect of its defined benefit pension scheme. In calculating this liability, it is necessary for actuarial assumptions to be made, which include estimations of discount rates, salary and pension increases, price inflation and mortality. As actual rates of increase and mortality may differ from those assumed, the gross pension liability may differ from that included in these Financial Statements; however, these liabilities are matched by an insurance asset.
On 21 August 2024, the Group acquired the entire share capital of Redrow plc. The Redrow group
of companies operates the Redrow Staff Pension Scheme (the Scheme) which in part comprised
a defined benefit pension plan. The Scheme was closed to new entrants from July 2006 and closed
to future accrual with effect from 1 March 2012.
On 27 January 2023, the Trustees of the Scheme entered into a bulk annuity buy-in contract with
Standard Life, through which the assets of the Scheme were exchanged for an insurance policy
which matches the projected cash flows for all future defined benefit obligations, before GMP
equalisation. This policy is recognised as an asset within the retirement benefit surplus on the
Balance Sheet.
The buy-in has not changed the obligations of Redrow Limited (formerly Redrow plc) in relation to
the Scheme but has reduced the future funding risk. The principal risk to the Group is the credit risk
associated with the insurer, which is assessed to be low.
In June 2023, the High Court handed down a decision in the case of Virgin Media Limited v NTL
Pension Trustees II Limited and others relating to the validity of certain amendments to pension
scheme benefits for which an actuarial confirmation required by law had not been made. In July
2024, the Court of Appeal dismissed the appeal brought by Virgin Media Ltd against aspects of the
June 2023 decision. This case may have implications for other UK defined benefit plans. The Group
and Scheme Trustees are considering the implications of the case for the Scheme and the review
of previous Scheme amendments is progressing. At this stage no instance of amendments to the
Scheme have been identified to which the ruling would apply. The defined benefit obligation has
been calculated on the basis of the pension benefits currently being administered.
A full independent triennial actuarial valuation of the defined benefit section of the Scheme was
undertaken at 1 July 2023 using the Projected Unit Actuarial Funding Method. As at 1 July 2023, in
the opinion of the Actuary, there was a surplus of \u00a34m in the defined benefit section of the Scheme,
based on the Trustees\u2019 technical provisions assumptions with the Scheme\u2019s assets representing
104% of the Scheme\u2019s technical provisions. As at 1 July 2023 the value of the defined benefit
section of the Scheme\u2019s assets was \u00a399m. The previous triennial valuation was undertaken as at
1 July 2020 and reported a deficit of \u00a34m.
The Scheme\u2019s assets are held separately from the assets of the Group and are administered by the
Trustees and managed professionally. Following the decision taken by the Trustees to purchase a
bulk annuity buy-in contract with Standard Life, this insurance policy now represents the majority
of the assets held by the Scheme. The latest formal actuarial valuation of the defined benefit
section was carried out at 1 July 2023. This valuation has been updated to 29 June 2025 by a
qualified actuary for the purposes of these Financial Statements. The Group contributed \u00a3nil to
the Scheme in the 52 weeks ended 29 June 2025 (2024: \u00a3nil) and expects to contribute \u00a3nil to
the Scheme in FY26.
For the purposes of calculating the accounting costs and obligations of the Scheme, the assets
of the Scheme are assumed to match the value of the obligations insured. The liabilities of the
Scheme have been calculated at the balance sheet date using the following assumptions:
52 weeks
ended
29 June
2025
\u00a3m
Long-term rate of increase in pensionable salaries
n/a
Rate of increase of benefits in payment (lesser of 5% per annum and RPI)
1
2.90%
Rate of increase of benefits in payment (lesser of 2.5% per annum and RPI)
2
1.90%
Discount rate
5.75%
Inflation assumption
\u2013 RPI
3.10%
\u2013 CPI
2.90%
1 In respect of pensions in excess of the guaranteed minimum pension earned prior to 30 June 2006.
2 In respect of pensions earned after 30 June 2006. Other pension increases are valued in a consistent manner.
It has been assumed that members take 80% of the maximum tax-free cash available to them at the
point they retire via commutation of their pension.
The following table illustrates the life expectancy for an average member on reaching age 65,
according to the mortality assumptions used to calculate the Scheme liabilities:
Assumptions
Male
Female
Retired member born in 1960 (life expectancy at age 65)
21.6 years
24.2 years
Non-retired member born in 1985 (life expectancy at age 65)
23.5 years
26.3 years
The base mortality assumptions are based on the SAPS (S3PxA) mortality tables which make
allowance for projected further improvements in mortality.
The sensitivities regarding the principal assumptions used to measure the Scheme\u2019s liabilities are set out below:
29 June
2025
Present value of defined benefit obligation:
Discount rate - 25 basis points
\u00a371.5m
Discount rate + 25 basis points
\u00a367.5m
Price inflation rate - 25 basis points
\u00a367.6m
Price inflation rate + 25 basis points
\u00a371.4m
Post-retirement mortality assumption \u2013 1 year age rating
\u00a370.7m
Weighted average duration of defined benefit obligation (in years)
Discount rate - 25 basis points
12 years
Discount rate + 25 basis points
11 years
Following completion of the buy-in transaction, the value of the bulk annuity insurance policy as an asset is set to be equal to the value of the IAS 19 liabilities. Therefore, any change in assumptions that would increase or decrease the value of the defined benefit obligation would have a corresponding increase or decrease in the asset value resulting in an overall net asset position that would be unchanged. As such, the net asset balance is no longer sensitive to changes in the assumptions used. The total assets, the split between the major asset classes in the Scheme, the present value of the Schemes\u2019 liabilities and the amounts recognised in the balance sheet are shown below:
2025 2025
\u00a3m quoted \u00a3m no quoted
market price market price 2025
in active in active \u00a3m
market market Total
Cash and cash equivalents
4.5
\u2014
4.5
Insurance policies
\u2014
69.2
69.2
Total market value of assets
4.5
69.2
73.7
Present value of obligations
(69.5)
Surplus in the Scheme
4.2
The defined benefit obligation can be approximately attributed to the Scheme members as follows:
29 June
2025
Deferred members
56%
Pensioner members
44%
100%
All benefits are vested at 29 June 2025.
The total amounts credited/(charged) against income in the year were as follows:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Recognised in the Income Statement
Scheme administration expenses
(0.5)
\u2014
Net interest on defined liability
0.2
\u2014
Total charge recognised in the Income Statement
(0.3)
\u2014
Recognised in other comprehensive income
Return on reimbursement rights excluding interest income
(10.7)
\u2014
Experience adjustments and changes in financial assumptions
10.0
\u2014
Total charge recognised in other comprehensive income
(0.7)
\u2014
The amount included in the balance sheet arising from the surplus in respect of the Group\u2019s defined
benefit section is as follows:
29 June
2025
\u00a3m
Balance sheet surplus
Acquired with Redrow (note 10)
5.2
At end of period
4.2
Changes in the present value of the defined benefit obligations
Acquired with Redrow
(79.6)
Interest expense
(3.2)
Benefit payments
3.3
Experience adjustments and changes in financial assumptions
10.0
At end of period
(69.5)
Changes in the fair value of the Scheme\u2019s assets
Acquired with Redrow
84.8
Interest income
3.4
Return on reimbursement rights excluding interest income
(10.7)
Administrative expenses paid from plan assets
(0.5)
Benefit payments
(3.3)
At end of period
73.7
The Scheme rules permit the refund of any surplus to the Company with no restrictions.
The surplus has therefore been recognised in full in the Group and Company balance sheets
and there is no requirement to restrict the surplus nor to recognise any additional liability in
respect of agreed deficit contributions.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-484": { "value": "5. Key management, employees and retirement benefit obligations Key management and employees Key management personnel, as defined under IAS 24: \u2018Related Party Disclosures\u2019, have been identified as the Board of Directors, as the controls operated by the Group ensure that all key decisions are reserved for the Board. Detailed disclosures of individual remuneration, pension entitlements and share options for those Directors who served during the year are given in the audited sections within the Remuneration Report on pages 124 to 148. A summary of key management remuneration is as follows:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Salaries and fees (including pension compensation)
3.8
3.0
Social security costs
1
1.3
0.8
Performance bonuses
3.4
2.7
Benefits
0.1
0 .1
Share-based payments
2
1.8
1.8
Total
10.4
8.4
1 Excluded from the Executive Directors\u2019 and Non-Executive Directors\u2019 single figure of remuneration tables on page 136. 2 IFRS 2: \u2018Share-Based Payments\u2019 charge attributable to key management. Total employee numbers and costs are as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Number Number Number Number
Average employee numbers
(excluding sub-contractors
and including Directors)
7,756
6,451
560
499
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Employee costs
(including Directors):
Wages and salaries
including bonuses
527.4
429.8
55.0
50.5
Redundancy costs
20.6
3.1
5.7
1.3
Social security costs
68.4
50.0
8.5
7.1
Other pension costs
32.5
21.2
2.8
2.4
Share-based payments
27
19.2
19.9
4.9
6.0
Employee costs for
the period
668.1
524.0
76.9
67.3
The majority of the costs of the Company\u2019s employees are charged to other Group companies. Retirement benefit obligations Defined contribution schemes The Group operates defined contribution retirement benefit schemes for all qualifying employees, under which it pays contributions to independently administered funds. Contributions are based upon a fixed percentage of the employee\u2019s pay and once these have been paid, the Group has no further obligations under these schemes. Defined contribution schemes The Group\u2019s contributions to the schemes are charged in the Income Statement in the year in which the scheme members become entitled to contributions.
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Contributions during the period:
Group defined contribution schemes\u2019 Consolidated Income
Statement charge
32.5
21.2
Included in the above current year\u2019s charge is \u00a310.1m in respect of contributions to defined contribution plans held by employees of the former Redrow plc group. At the balance sheet date, there were outstanding contributions of \u00a34.3m (2024: \u00a33.2m), which were paid on or before the due date. Defined benefit scheme Defined benefit scheme The cost of providing benefits is determined using the Projected Unit Credit Method, with actuarial valuations being carried out at each balance sheet date. Actuarial gains and losses are recognised in full in the period in which they occur. They are recognised outside profit or loss and presented in the Statement of Comprehensive Income. Net interest is calculated by applying a discount rate to the net defined benefit liability or asset. The retirement benefit asset recognised in the Balance Sheet represents the excess of the fair value of the scheme assets over the present value of the defined benefit obligation. The Directors engage a qualified independent actuary to calculate the Group\u2019s liability in respect of its defined benefit pension scheme. In calculating this liability, it is necessary for actuarial assumptions to be made, which include estimations of discount rates, salary and pension increases, price inflation and mortality. As actual rates of increase and mortality may differ from those assumed, the gross pension liability may differ from that included in these Financial Statements; however, these liabilities are matched by an insurance asset. On 21 August 2024, the Group acquired the entire share capital of Redrow plc. The Redrow group of companies operates the Redrow Staff Pension Scheme (the Scheme) which in part comprised a defined benefit pension plan. The Scheme was closed to new entrants from July 2006 and closed to future accrual with effect from 1 March 2012. On 27 January 2023, the Trustees of the Scheme entered into a bulk annuity buy-in contract with Standard Life, through which the assets of the Scheme were exchanged for an insurance policy which matches the projected cash flows for all future defined benefit obligations, before GMP equalisation. This policy is recognised as an asset within the retirement benefit surplus on the Balance Sheet. The buy-in has not changed the obligations of Redrow Limited (formerly Redrow plc) in relation to the Scheme but has reduced the future funding risk. The principal risk to the Group is the credit risk associated with the insurer, which is assessed to be low. In June 2023, the High Court handed down a decision in the case of Virgin Media Limited v NTL Pension Trustees II Limited and others relating to the validity of certain amendments to pension scheme benefits for which an actuarial confirmation required by law had not been made. In July 2024, the Court of Appeal dismissed the appeal brought by Virgin Media Ltd against aspects of the June 2023 decision. This case may have implications for other UK defined benefit plans. The Group and Scheme Trustees are considering the implications of the case for the Scheme and the review of previous Scheme amendments is progressing. At this stage no instance of amendments to the Scheme have been identified to which the ruling would apply. The defined benefit obligation has been calculated on the basis of the pension benefits currently being administered. A full independent triennial actuarial valuation of the defined benefit section of the Scheme was undertaken at 1 July 2023 using the Projected Unit Actuarial Funding Method. As at 1 July 2023, in the opinion of the Actuary, there was a surplus of \u00a34m in the defined benefit section of the Scheme, based on the Trustees\u2019 technical provisions assumptions with the Scheme\u2019s assets representing 104% of the Scheme\u2019s technical provisions. As at 1 July 2023 the value of the defined benefit section of the Scheme\u2019s assets was \u00a399m. The previous triennial valuation was undertaken as at 1 July 2020 and reported a deficit of \u00a34m. The Scheme\u2019s assets are held separately from the assets of the Group and are administered by the Trustees and managed professionally. Following the decision taken by the Trustees to purchase a bulk annuity buy-in contract with Standard Life, this insurance policy now represents the majority of the assets held by the Scheme. The latest formal actuarial valuation of the defined benefit section was carried out at 1 July 2023. This valuation has been updated to 29 June 2025 by a qualified actuary for the purposes of these Financial Statements. The Group contributed \u00a3nil to the Scheme in the 52 weeks ended 29 June 2025 (2024: \u00a3nil) and expects to contribute \u00a3nil to the Scheme in FY26. For the purposes of calculating the accounting costs and obligations of the Scheme, the assets of the Scheme are assumed to match the value of the obligations insured. The liabilities of the Scheme have been calculated at the balance sheet date using the following assumptions:
52 weeks
ended
29 June
2025
\u00a3m
Long-term rate of increase in pensionable salaries
n/a
Rate of increase of benefits in payment (lesser of 5% per annum and RPI)
1
2.90%
Rate of increase of benefits in payment (lesser of 2.5% per annum and RPI)
2
1.90%
Discount rate
5.75%
Inflation assumption
\u2013 RPI
3.10%
\u2013 CPI
2.90%
1 In respect of pensions in excess of the guaranteed minimum pension earned prior to 30 June 2006. 2 In respect of pensions earned after 30 June 2006. Other pension increases are valued in a consistent manner. It has been assumed that members take 80% of the maximum tax-free cash available to them at the point they retire via commutation of their pension. The following table illustrates the life expectancy for an average member on reaching age 65, according to the mortality assumptions used to calculate the Scheme liabilities:
Assumptions
Male
Female
Retired member born in 1960 (life expectancy at age 65)
21.6 years
24.2 years
Non-retired member born in 1985 (life expectancy at age 65)
23.5 years
26.3 years
The base mortality assumptions are based on the SAPS (S3PxA) mortality tables which make allowance for projected further improvements in mortality. The sensitivities regarding the principal assumptions used to measure the Scheme\u2019s liabilities are set out below:
29 June
2025
Present value of defined benefit obligation:
Discount rate - 25 basis points
\u00a371.5m
Discount rate + 25 basis points
\u00a367.5m
Price inflation rate - 25 basis points
\u00a367.6m
Price inflation rate + 25 basis points
\u00a371.4m
Post-retirement mortality assumption \u2013 1 year age rating
\u00a370.7m
Weighted average duration of defined benefit obligation (in years)
Discount rate - 25 basis points
12 years
Discount rate + 25 basis points
11 years
Following completion of the buy-in transaction, the value of the bulk annuity insurance policy as an asset is set to be equal to the value of the IAS 19 liabilities. Therefore, any change in assumptions that would increase or decrease the value of the defined benefit obligation would have a corresponding increase or decrease in the asset value resulting in an overall net asset position that would be unchanged. As such, the net asset balance is no longer sensitive to changes in the assumptions used. The total assets, the split between the major asset classes in the Scheme, the present value of the Schemes\u2019 liabilities and the amounts recognised in the balance sheet are shown below:
2025 2025
\u00a3m quoted \u00a3m no quoted
market price market price 2025
in active in active \u00a3m
market market Total
Cash and cash equivalents
4.5
\u2014
4.5
Insurance policies
\u2014
69.2
69.2
Total market value of assets
4.5
69.2
73.7
Present value of obligations
(69.5)
Surplus in the Scheme
4.2
The defined benefit obligation can be approximately attributed to the Scheme members as follows:
29 June
2025
Deferred members
56%
Pensioner members
44%
100%
All benefits are vested at 29 June 2025. The total amounts credited/(charged) against income in the year were as follows:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Recognised in the Income Statement
Scheme administration expenses
(0.5)
\u2014
Net interest on defined liability
0.2
\u2014
Total charge recognised in the Income Statement
(0.3)
\u2014
Recognised in other comprehensive income
Return on reimbursement rights excluding interest income
(10.7)
\u2014
Experience adjustments and changes in financial assumptions
10.0
\u2014
Total charge recognised in other comprehensive income
(0.7)
\u2014
The amount included in the balance sheet arising from the surplus in respect of the Group\u2019s defined benefit section is as follows:
29 June
2025
\u00a3m
Balance sheet surplus
Acquired with Redrow (note 10)
5.2
At end of period
4.2
Changes in the present value of the defined benefit obligations
Acquired with Redrow
(79.6)
Interest expense
(3.2)
Benefit payments
3.3
Experience adjustments and changes in financial assumptions
10.0
At end of period
(69.5)
Changes in the fair value of the Scheme\u2019s assets
Acquired with Redrow
84.8
Interest income
3.4
Return on reimbursement rights excluding interest income
(10.7)
Administrative expenses paid from plan assets
(0.5)
Benefit payments
(3.3)
At end of period
73.7
The Scheme rules permit the refund of any surplus to the Company with no restrictions. The surplus has therefore been recognised in full in the Group and Company balance sheets and there is no requirement to restrict the surplus nor to recognise any additional liability in respect of agreed deficit contributions. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-463": { "value": "5. Key management, employees and retirement benefit obligations Key management and employees Key management personnel, as defined under IAS 24: \u2018Related Party Disclosures\u2019, have been identified as the Board of Directors, as the controls operated by the Group ensure that all key decisions are reserved for the Board. Detailed disclosures of individual remuneration, pension entitlements and share options for those Directors who served during the year are given in the audited sections within the Remuneration Report on pages 124 to 148. A summary of key management remuneration is as follows:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Salaries and fees (including pension compensation)
3.8
3.0
Social security costs
1
1.3
0.8
Performance bonuses
3.4
2.7
Benefits
0.1
0 .1
Share-based payments
2
1.8
1.8
Total
10.4
8.4
1 Excluded from the Executive Directors\u2019 and Non-Executive Directors\u2019 single figure of remuneration tables on page 136. 2 IFRS 2: \u2018Share-Based Payments\u2019 charge attributable to key management. Total employee numbers and costs are as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Number Number Number Number
Average employee numbers
(excluding sub-contractors
and including Directors)
7,756
6,451
560
499
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Employee costs
(including Directors):
Wages and salaries
including bonuses
527.4
429.8
55.0
50.5
Redundancy costs
20.6
3.1
5.7
1.3
Social security costs
68.4
50.0
8.5
7.1
Other pension costs
32.5
21.2
2.8
2.4
Share-based payments
27
19.2
19.9
4.9
6.0
Employee costs for
the period
668.1
524.0
76.9
67.3
The majority of the costs of the Company\u2019s employees are charged to other Group companies. Retirement benefit obligations Defined contribution schemes The Group operates defined contribution retirement benefit schemes for all qualifying employees, under which it pays contributions to independently administered funds. Contributions are based upon a fixed percentage of the employee\u2019s pay and once these have been paid, the Group has no further obligations under these schemes. Defined contribution schemes The Group\u2019s contributions to the schemes are charged in the Income Statement in the year in which the scheme members become entitled to contributions.
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Contributions during the period:
Group defined contribution schemes\u2019 Consolidated Income
Statement charge
32.5
21.2
Included in the above current year\u2019s charge is \u00a310.1m in respect of contributions to defined contribution plans held by employees of the former Redrow plc group. At the balance sheet date, there were outstanding contributions of \u00a34.3m (2024: \u00a33.2m), which were paid on or before the due date. Defined benefit scheme Defined benefit scheme The cost of providing benefits is determined using the Projected Unit Credit Method, with actuarial valuations being carried out at each balance sheet date. Actuarial gains and losses are recognised in full in the period in which they occur. They are recognised outside profit or loss and presented in the Statement of Comprehensive Income. Net interest is calculated by applying a discount rate to the net defined benefit liability or asset. The retirement benefit asset recognised in the Balance Sheet represents the excess of the fair value of the scheme assets over the present value of the defined benefit obligation. The Directors engage a qualified independent actuary to calculate the Group\u2019s liability in respect of its defined benefit pension scheme. In calculating this liability, it is necessary for actuarial assumptions to be made, which include estimations of discount rates, salary and pension increases, price inflation and mortality. As actual rates of increase and mortality may differ from those assumed, the gross pension liability may differ from that included in these Financial Statements; however, these liabilities are matched by an insurance asset. On 21 August 2024, the Group acquired the entire share capital of Redrow plc. The Redrow group of companies operates the Redrow Staff Pension Scheme (the Scheme) which in part comprised a defined benefit pension plan. The Scheme was closed to new entrants from July 2006 and closed to future accrual with effect from 1 March 2012. On 27 January 2023, the Trustees of the Scheme entered into a bulk annuity buy-in contract with Standard Life, through which the assets of the Scheme were exchanged for an insurance policy which matches the projected cash flows for all future defined benefit obligations, before GMP equalisation. This policy is recognised as an asset within the retirement benefit surplus on the Balance Sheet. The buy-in has not changed the obligations of Redrow Limited (formerly Redrow plc) in relation to the Scheme but has reduced the future funding risk. The principal risk to the Group is the credit risk associated with the insurer, which is assessed to be low. In June 2023, the High Court handed down a decision in the case of Virgin Media Limited v NTL Pension Trustees II Limited and others relating to the validity of certain amendments to pension scheme benefits for which an actuarial confirmation required by law had not been made. In July 2024, the Court of Appeal dismissed the appeal brought by Virgin Media Ltd against aspects of the June 2023 decision. This case may have implications for other UK defined benefit plans. The Group and Scheme Trustees are considering the implications of the case for the Scheme and the review of previous Scheme amendments is progressing. At this stage no instance of amendments to the Scheme have been identified to which the ruling would apply. The defined benefit obligation has been calculated on the basis of the pension benefits currently being administered. A full independent triennial actuarial valuation of the defined benefit section of the Scheme was undertaken at 1 July 2023 using the Projected Unit Actuarial Funding Method. As at 1 July 2023, in the opinion of the Actuary, there was a surplus of \u00a34m in the defined benefit section of the Scheme, based on the Trustees\u2019 technical provisions assumptions with the Scheme\u2019s assets representing 104% of the Scheme\u2019s technical provisions. As at 1 July 2023 the value of the defined benefit section of the Scheme\u2019s assets was \u00a399m. The previous triennial valuation was undertaken as at 1 July 2020 and reported a deficit of \u00a34m. The Scheme\u2019s assets are held separately from the assets of the Group and are administered by the Trustees and managed professionally. Following the decision taken by the Trustees to purchase a bulk annuity buy-in contract with Standard Life, this insurance policy now represents the majority of the assets held by the Scheme. The latest formal actuarial valuation of the defined benefit section was carried out at 1 July 2023. This valuation has been updated to 29 June 2025 by a qualified actuary for the purposes of these Financial Statements. The Group contributed \u00a3nil to the Scheme in the 52 weeks ended 29 June 2025 (2024: \u00a3nil) and expects to contribute \u00a3nil to the Scheme in FY26. For the purposes of calculating the accounting costs and obligations of the Scheme, the assets of the Scheme are assumed to match the value of the obligations insured. The liabilities of the Scheme have been calculated at the balance sheet date using the following assumptions:
52 weeks
ended
29 June
2025
\u00a3m
Long-term rate of increase in pensionable salaries
n/a
Rate of increase of benefits in payment (lesser of 5% per annum and RPI)
1
2.90%
Rate of increase of benefits in payment (lesser of 2.5% per annum and RPI)
2
1.90%
Discount rate
5.75%
Inflation assumption
\u2013 RPI
3.10%
\u2013 CPI
2.90%
1 In respect of pensions in excess of the guaranteed minimum pension earned prior to 30 June 2006. 2 In respect of pensions earned after 30 June 2006. Other pension increases are valued in a consistent manner. It has been assumed that members take 80% of the maximum tax-free cash available to them at the point they retire via commutation of their pension. The following table illustrates the life expectancy for an average member on reaching age 65, according to the mortality assumptions used to calculate the Scheme liabilities:
Assumptions
Male
Female
Retired member born in 1960 (life expectancy at age 65)
21.6 years
24.2 years
Non-retired member born in 1985 (life expectancy at age 65)
23.5 years
26.3 years
The base mortality assumptions are based on the SAPS (S3PxA) mortality tables which make allowance for projected further improvements in mortality.
The sensitivities regarding the principal assumptions used to measure the Scheme\u2019s liabilities are
set out below:
29 June
2025
Present value of defined benefit obligation:
Discount rate - 25 basis points
\u00a371.5m
Discount rate + 25 basis points
\u00a367.5m
Price inflation rate - 25 basis points
\u00a367.6m
Price inflation rate + 25 basis points
\u00a371.4m
Post-retirement mortality assumption \u2013 1 year age rating
\u00a370.7m
Weighted average duration of defined benefit obligation (in years)
Discount rate - 25 basis points
12 years
Discount rate + 25 basis points
11 years
Following completion of the buy-in transaction, the value of the bulk annuity insurance policy as an
asset is set to be equal to the value of the IAS 19 liabilities. Therefore, any change in assumptions that
would increase or decrease the value of the defined benefit obligation would have a corresponding
increase or decrease in the asset value resulting in an overall net asset position that would be
unchanged. As such, the net asset balance is no longer sensitive to changes in the assumptions used.
The total assets, the split between the major asset classes in the Scheme, the present value of the
Schemes\u2019 liabilities and the amounts recognised in the balance sheet are shown below:
2025 2025
\u00a3m quoted \u00a3m no quoted
market price market price 2025
in active in active \u00a3m
market market Total
Cash and cash equivalents
4.5
\u2014
4.5
Insurance policies
\u2014
69.2
69.2
Total market value of assets
4.5
69.2
73.7
Present value of obligations
(69.5)
Surplus in the Scheme
4.2
The defined benefit obligation can be approximately attributed to the Scheme members as follows:
29 June
2025
Deferred members
56%
Pensioner members
44%
100%
All benefits are vested at 29 June 2025. The total amounts credited/(charged) against income in the year were as follows:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Recognised in the Income Statement
Scheme administration expenses
(0.5)
\u2014
Net interest on defined liability
0.2
\u2014
Total charge recognised in the Income Statement
(0.3)
\u2014
Recognised in other comprehensive income
Return on reimbursement rights excluding interest income
(10.7)
\u2014
Experience adjustments and changes in financial assumptions
10.0
\u2014
Total charge recognised in other comprehensive income
(0.7)
\u2014
The amount included in the balance sheet arising from the surplus in respect of the Group\u2019s defined benefit section is as follows:
29 June
2025
\u00a3m
Balance sheet surplus
Acquired with Redrow (note 10)
5.2
At end of period
4.2
Changes in the present value of the defined benefit obligations
Acquired with Redrow
(79.6)
Interest expense
(3.2)
Benefit payments
3.3
Experience adjustments and changes in financial assumptions
10.0
At end of period
(69.5)
Changes in the fair value of the Scheme\u2019s assets
Acquired with Redrow
84.8
Interest income
3.4
Return on reimbursement rights excluding interest income
(10.7)
Administrative expenses paid from plan assets
(0.5)
Benefit payments
(3.3)
At end of period
73.7
The Scheme rules permit the refund of any surplus to the Company with no restrictions. The surplus has therefore been recognised in full in the Group and Company balance sheets and there is no requirement to restrict the surplus nor to recognise any additional liability in respect of agreed deficit contributions.
Directors of Barratt Redrow plc and remuneration of key personnel
The Board and certain members of senior management are related parties within the definition of
IAS 24 (Revised): \u2018Related Party Disclosures\u2019 and the Board members are related parties within the
definition of Chapter 11 of the UK Listing Rules. There is no difference between transactions with
key personnel of the Company and transactions with key personnel of the Group.
Disclosures related to the remuneration of key personnel as defined in IAS 24 are given in note 5.
There have been no related party transactions during the period that require disclosure under
Section 4.2.8 (R) of the Disclosure and Transparency Rules.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-497": { "value": "Defined contribution schemes The Group operates defined contribution retirement benefit schemes for all qualifying employees, under which it pays contributions to independently administered funds. Contributions are based upon a fixed percentage of the employee\u2019s pay and once these have been paid, the Group has no further obligations under these schemes. Defined contribution schemes The Group\u2019s contributions to the schemes are charged in the Income Statement in the year in which the scheme members become entitled to contributions.
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Contributions during the period:
Group defined contribution schemes\u2019 Consolidated Income
Statement charge
32.5
21.2
Included in the above current year\u2019s charge is \u00a310.1m in respect of contributions to defined contribution plans held by employees of the former Redrow plc group. At the balance sheet date, there were outstanding contributions of \u00a34.3m (2024: \u00a33.2m), which were paid on or before the due date. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDefinedContributionPlansExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-512": { "value": "Defined contribution schemes The Group\u2019s contributions to the schemes are charged in the Income Statement in the year in which the scheme members become entitled to contributions. Defined benefit scheme The cost of providing benefits is determined using the Projected Unit Credit Method, with actuarial valuations being carried out at each balance sheet date. Actuarial gains and losses are recognised in full in the period in which they occur. They are recognised outside profit or loss and presented in the Statement of Comprehensive Income. Net interest is calculated by applying a discount rate to the net defined benefit liability or asset. The retirement benefit asset recognised in the Balance Sheet represents the excess of the fair value of the scheme assets over the present value of the defined benefit obligation. The Directors engage a qualified independent actuary to calculate the Group\u2019s liability in respect of its defined benefit pension scheme. In calculating this liability, it is necessary for actuarial assumptions to be made, which include estimations of discount rates, salary and pension increases, price inflation and mortality. As actual rates of increase and mortality may differ from those assumed, the gross pension liability may differ from that included in these Financial Statements; however, these liabilities are matched by an insurance asset. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-498": { "value": "Defined benefit scheme Defined benefit scheme The cost of providing benefits is determined using the Projected Unit Credit Method, with actuarial valuations being carried out at each balance sheet date. Actuarial gains and losses are recognised in full in the period in which they occur. They are recognised outside profit or loss and presented in the Statement of Comprehensive Income. Net interest is calculated by applying a discount rate to the net defined benefit liability or asset. The retirement benefit asset recognised in the Balance Sheet represents the excess of the fair value of the scheme assets over the present value of the defined benefit obligation. The Directors engage a qualified independent actuary to calculate the Group\u2019s liability in respect of its defined benefit pension scheme. In calculating this liability, it is necessary for actuarial assumptions to be made, which include estimations of discount rates, salary and pension increases, price inflation and mortality. As actual rates of increase and mortality may differ from those assumed, the gross pension liability may differ from that included in these Financial Statements; however, these liabilities are matched by an insurance asset. On 21 August 2024, the Group acquired the entire share capital of Redrow plc. The Redrow group of companies operates the Redrow Staff Pension Scheme (the Scheme) which in part comprised a defined benefit pension plan. The Scheme was closed to new entrants from July 2006 and closed to future accrual with effect from 1 March 2012. On 27 January 2023, the Trustees of the Scheme entered into a bulk annuity buy-in contract with Standard Life, through which the assets of the Scheme were exchanged for an insurance policy which matches the projected cash flows for all future defined benefit obligations, before GMP equalisation. This policy is recognised as an asset within the retirement benefit surplus on the Balance Sheet. The buy-in has not changed the obligations of Redrow Limited (formerly Redrow plc) in relation to the Scheme but has reduced the future funding risk. The principal risk to the Group is the credit risk associated with the insurer, which is assessed to be low. In June 2023, the High Court handed down a decision in the case of Virgin Media Limited v NTL Pension Trustees II Limited and others relating to the validity of certain amendments to pension scheme benefits for which an actuarial confirmation required by law had not been made. In July 2024, the Court of Appeal dismissed the appeal brought by Virgin Media Ltd against aspects of the June 2023 decision. This case may have implications for other UK defined benefit plans. The Group and Scheme Trustees are considering the implications of the case for the Scheme and the review of previous Scheme amendments is progressing. At this stage no instance of amendments to the Scheme have been identified to which the ruling would apply. The defined benefit obligation has been calculated on the basis of the pension benefits currently being administered. A full independent triennial actuarial valuation of the defined benefit section of the Scheme was undertaken at 1 July 2023 using the Projected Unit Actuarial Funding Method. As at 1 July 2023, in the opinion of the Actuary, there was a surplus of \u00a34m in the defined benefit section of the Scheme, based on the Trustees\u2019 technical provisions assumptions with the Scheme\u2019s assets representing 104% of the Scheme\u2019s technical provisions. As at 1 July 2023 the value of the defined benefit section of the Scheme\u2019s assets was \u00a399m. The previous triennial valuation was undertaken as at 1 July 2020 and reported a deficit of \u00a34m. The Scheme\u2019s assets are held separately from the assets of the Group and are administered by the Trustees and managed professionally. Following the decision taken by the Trustees to purchase a bulk annuity buy-in contract with Standard Life, this insurance policy now represents the majority of the assets held by the Scheme. The latest formal actuarial valuation of the defined benefit section was carried out at 1 July 2023. This valuation has been updated to 29 June 2025 by a qualified actuary for the purposes of these Financial Statements. The Group contributed \u00a3nil to the Scheme in the 52 weeks ended 29 June 2025 (2024: \u00a3nil) and expects to contribute \u00a3nil to the Scheme in FY26. For the purposes of calculating the accounting costs and obligations of the Scheme, the assets of the Scheme are assumed to match the value of the obligations insured. The liabilities of the Scheme have been calculated at the balance sheet date using the following assumptions:
52 weeks
ended
29 June
2025
\u00a3m
Long-term rate of increase in pensionable salaries
n/a
Rate of increase of benefits in payment (lesser of 5% per annum and RPI)
1
2.90%
Rate of increase of benefits in payment (lesser of 2.5% per annum and RPI)
2
1.90%
Discount rate
5.75%
Inflation assumption
\u2013 RPI
3.10%
\u2013 CPI
2.90%
1 In respect of pensions in excess of the guaranteed minimum pension earned prior to 30 June 2006. 2 In respect of pensions earned after 30 June 2006. Other pension increases are valued in a consistent manner. It has been assumed that members take 80% of the maximum tax-free cash available to them at the point they retire via commutation of their pension. The following table illustrates the life expectancy for an average member on reaching age 65, according to the mortality assumptions used to calculate the Scheme liabilities:
Assumptions
Male
Female
Retired member born in 1960 (life expectancy at age 65)
21.6 years
24.2 years
Non-retired member born in 1985 (life expectancy at age 65)
23.5 years
26.3 years
The base mortality assumptions are based on the SAPS (S3PxA) mortality tables which make allowance for projected further improvements in mortality. The sensitivities regarding the principal assumptions used to measure the Scheme\u2019s liabilities are set out below:
29 June
2025
Present value of defined benefit obligation:
Discount rate - 25 basis points
\u00a371.5m
Discount rate + 25 basis points
\u00a367.5m
Price inflation rate - 25 basis points
\u00a367.6m
Price inflation rate + 25 basis points
\u00a371.4m
Post-retirement mortality assumption \u2013 1 year age rating
\u00a370.7m
Weighted average duration of defined benefit obligation (in years)
Discount rate - 25 basis points
12 years
Discount rate + 25 basis points
11 years
Following completion of the buy-in transaction, the value of the bulk annuity insurance policy as an asset is set to be equal to the value of the IAS 19 liabilities. Therefore, any change in assumptions that would increase or decrease the value of the defined benefit obligation would have a corresponding increase or decrease in the asset value resulting in an overall net asset position that would be unchanged. As such, the net asset balance is no longer sensitive to changes in the assumptions used. The total assets, the split between the major asset classes in the Scheme, the present value of the Schemes\u2019 liabilities and the amounts recognised in the balance sheet are shown below:
2025 2025
\u00a3m quoted \u00a3m no quoted
market price market price 2025
in active in active \u00a3m
market market Total
Cash and cash equivalents
4.5
\u2014
4.5
Insurance policies
\u2014
69.2
69.2
Total market value of assets
4.5
69.2
73.7
Present value of obligations
(69.5)
Surplus in the Scheme
4.2
The defined benefit obligation can be approximately attributed to the Scheme members as follows:
29 June
2025
Deferred members
56%
Pensioner members
44%
100%
All benefits are vested at 29 June 2025. The total amounts credited/(charged) against income in the year were as follows:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Recognised in the Income Statement
Scheme administration expenses
(0.5)
\u2014
Net interest on defined liability
0.2
\u2014
Total charge recognised in the Income Statement
(0.3)
\u2014
Recognised in other comprehensive income
Return on reimbursement rights excluding interest income
(10.7)
\u2014
Experience adjustments and changes in financial assumptions
10.0
\u2014
Total charge recognised in other comprehensive income
(0.7)
\u2014
The amount included in the balance sheet arising from the surplus in respect of the Group\u2019s defined benefit section is as follows:
29 June
2025
\u00a3m
Balance sheet surplus
Acquired with Redrow (note 10)
5.2
At end of period
4.2
Changes in the present value of the defined benefit obligations
Acquired with Redrow
(79.6)
Interest expense
(3.2)
Benefit payments
3.3
Experience adjustments and changes in financial assumptions
10.0
At end of period
(69.5)
Changes in the fair value of the Scheme\u2019s assets
Acquired with Redrow
84.8
Interest income
3.4
Return on reimbursement rights excluding interest income
(10.7)
Administrative expenses paid from plan assets
(0.5)
Benefit payments
(3.3)
At end of period
73.7
The Scheme rules permit the refund of any surplus to the Company with no restrictions. The surplus has therefore been recognised in full in the Group and Company balance sheets and there is no requirement to restrict the surplus nor to recognise any additional liability in respect of agreed deficit contributions. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-507": { "value": "6. Net finance costs Finance costs and income The Group recognises finance costs and income on bank borrowings, deposits and other borrowings in the Income Statement in the period to which they relate. Imputed interest on discounted assets, including land purchased on deferred terms and leased assets, is charged to the Income Statement over the period of settlement or lease period respectively. Recognised in the Consolidated Income Statement:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Finance income:
Finance income on short-term bank deposits
(31.9)
(44.9)
Finance income related to employee benefits
(0.2)
\u2014
Other interest receivable
(3.5)
(2.3)
(35.6)
(47.2)
Finance costs:
Interest on loans and borrowings
9.2
9.4
Imputed interest on long-term payables
5 1.1
40.2
Finance charge on leased assets
2.5
1.8
Amortisation of facility fees
1.2
1.6
Other interest payable
0.6
0.7
64.6
53.7
Net finance costs
29.0
6.5
The weighted average interest rates (excluding fees) paid in the period were as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
% % % %
USPP notes
2.8
2.8
2.8
2.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-505": { "value": "6. Net finance costs Finance costs and income The Group recognises finance costs and income on bank borrowings, deposits and other borrowings in the Income Statement in the period to which they relate. Imputed interest on discounted assets, including land purchased on deferred terms and leased assets, is charged to the Income Statement over the period of settlement or lease period respectively. Recognised in the Consolidated Income Statement:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Finance income:
Finance income on short-term bank deposits
(31.9)
(44.9)
Finance income related to employee benefits
(0.2)
\u2014
Other interest receivable
(3.5)
(2.3)
(35.6)
(47.2)
Finance costs:
Interest on loans and borrowings
9.2
9.4
Imputed interest on long-term payables
5 1.1
40.2
Finance charge on leased assets
2.5
1.8
Amortisation of facility fees
1.2
1.6
Other interest payable
0.6
0.7
64.6
53.7
Net finance costs
29.0
6.5
The weighted average interest rates (excluding fees) paid in the period were as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
% % % %
USPP notes
2.8
2.8
2.8
2.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-499": { "value": "6. Net finance costs Finance costs and income The Group recognises finance costs and income on bank borrowings, deposits and other borrowings in the Income Statement in the period to which they relate. Imputed interest on discounted assets, including land purchased on deferred terms and leased assets, is charged to the Income Statement over the period of settlement or lease period respectively. Recognised in the Consolidated Income Statement:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Finance income:
Finance income on short-term bank deposits
(31.9)
(44.9)
Finance income related to employee benefits
(0.2)
\u2014
Other interest receivable
(3.5)
(2.3)
(35.6)
(47.2)
Finance costs:
Interest on loans and borrowings
9.2
9.4
Imputed interest on long-term payables
5 1.1
40.2
Finance charge on leased assets
2.5
1.8
Amortisation of facility fees
1.2
1.6
Other interest payable
0.6
0.7
64.6
53.7
Net finance costs
29.0
6.5
The weighted average interest rates (excluding fees) paid in the period were as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
% % % %
USPP notes
2.8
2.8
2.8
2.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-485": { "value": "6. Net finance costs Finance costs and income The Group recognises finance costs and income on bank borrowings, deposits and other borrowings in the Income Statement in the period to which they relate. Imputed interest on discounted assets, including land purchased on deferred terms and leased assets, is charged to the Income Statement over the period of settlement or lease period respectively. Recognised in the Consolidated Income Statement:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Finance income:
Finance income on short-term bank deposits
(31.9)
(44.9)
Finance income related to employee benefits
(0.2)
\u2014
Other interest receivable
(3.5)
(2.3)
(35.6)
(47.2)
Finance costs:
Interest on loans and borrowings
9.2
9.4
Imputed interest on long-term payables
5 1.1
40.2
Finance charge on leased assets
2.5
1.8
Amortisation of facility fees
1.2
1.6
Other interest payable
0.6
0.7
64.6
53.7
Net finance costs
29.0
6.5
The weighted average interest rates (excluding fees) paid in the period were as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
% % % %
USPP notes
2.8
2.8
2.8
2.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-464": { "value": "6. Net finance costs Finance costs and income The Group recognises finance costs and income on bank borrowings, deposits and other borrowings in the Income Statement in the period to which they relate. Imputed interest on discounted assets, including land purchased on deferred terms and leased assets, is charged to the Income Statement over the period of settlement or lease period respectively. Recognised in the Consolidated Income Statement:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Finance income:
Finance income on short-term bank deposits
(31.9)
(44.9)
Finance income related to employee benefits
(0.2)
\u2014
Other interest receivable
(3.5)
(2.3)
(35.6)
(47.2)
Finance costs:
Interest on loans and borrowings
9.2
9.4
Imputed interest on long-term payables
5 1.1
40.2
Finance charge on leased assets
2.5
1.8
Amortisation of facility fees
1.2
1.6
Other interest payable
0.6
0.7
64.6
53.7
Net finance costs
29.0
6.5
The weighted average interest rates (excluding fees) paid in the period were as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
% % % %
USPP notes
2.8
2.8
2.8
2.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-432": { "value": "6. Net finance costs Finance costs and income The Group recognises finance costs and income on bank borrowings, deposits and other borrowings in the Income Statement in the period to which they relate. Imputed interest on discounted assets, including land purchased on deferred terms and leased assets, is charged to the Income Statement over the period of settlement or lease period respectively. Recognised in the Consolidated Income Statement:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Finance income:
Finance income on short-term bank deposits
(31.9)
(44.9)
Finance income related to employee benefits
(0.2)
\u2014
Other interest receivable
(3.5)
(2.3)
(35.6)
(47.2)
Finance costs:
Interest on loans and borrowings
9.2
9.4
Imputed interest on long-term payables
5 1.1
40.2
Finance charge on leased assets
2.5
1.8
Amortisation of facility fees
1.2
1.6
Other interest payable
0.6
0.7
64.6
53.7
Net finance costs
29.0
6.5
The weighted average interest rates (excluding fees) paid in the period were as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
% % % %
USPP notes
2.8
2.8
2.8
2.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-538": { "value": "Finance costs and income The Group recognises finance costs and income on bank borrowings, deposits and other borrowings in the Income Statement in the period to which they relate. Imputed interest on discounted assets, including land purchased on deferred terms and leased assets, is charged to the Income Statement over the period of settlement or lease period respectively. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-529": { "value": "Finance costs and income The Group recognises finance costs and income on bank borrowings, deposits and other borrowings in the Income Statement in the period to which they relate. Imputed interest on discounted assets, including land purchased on deferred terms and leased assets, is charged to the Income Statement over the period of settlement or lease period respectively. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-513": { "value": "Finance costs and income The Group recognises finance costs and income on bank borrowings, deposits and other borrowings in the Income Statement in the period to which they relate. Imputed interest on discounted assets, including land purchased on deferred terms and leased assets, is charged to the Income Statement over the period of settlement or lease period respectively. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-433": { "value": "7. Tax All profits of the Group are subject to UK corporation tax. The current period tax charge has been provided for, by the Group and Company, at a standard effective rate, comprising corporation tax and RPDT, of 29.0% (2024: 29.0%). The closing deferred tax assets and liabilities have been provided in these Financial Statements at a rate of 25.0% to 29.0%, depending on whether RPDT is applicable to the relevant taxable profit (2024: 25.0% to 29.0%), on the temporary differences giving rise to these assets and liabilities. Tax The tax currently payable is based on the taxable profit for the period. Taxable profit differs from net profit as reported in the Income Statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Group\u2019s liability for current tax is calculated using tax rates that have been enacted or substantively enacted at the balance sheet date. Deferred tax Deferred tax is the tax expected to be payable or recoverable on 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, and is accounted for using the balance sheet liability method. Deferred tax is measured on a non-discounted basis using the tax rates and laws that have then been enacted or substantively enacted by the balance sheet date, and is charged or credited to the Income Statement, except when it relates to items charged or credited directly to other comprehensive income or equity, in which case the deferred tax is also dealt with in other comprehensive income or equity. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. Deferred tax liabilities are recognised for taxable temporary differences arising on investments in subsidiaries and interests in JVs, except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. The carrying amount of deferred tax assets is reviewed at each balance sheet date 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. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to taxes levied by the same tax authority and the Group intends to settle its current tax assets and liabilities on a net basis.
Tax recognised in the Income Statement
The tax expense represents the sum of the tax currently payable and deferred tax.
52 weeks
ended Year ended
29 June 30 June
2025 2024
Analysis of the tax charge for the period \u00a3m \u00a3m
Current tax:
UK corporation tax on profits for the period
105.4
54.8
RPDT for the period
14.4
6 .1
Adjustment in respect of previous years
(3.2)
3.2
116.6
64.1
Deferred tax:
Origination and reversal of temporary differences
(32.3)
(6.1)
Adjustment in respect of previous years
3.0
(1.6)
(29.3)
(7.7)
Tax charge for the period
87.3
56.4
Factors affecting the tax charge for the period
The tax rate assessed for the period is higher (2024: higher) than the standard effective rate of
tax in the UK of 29.0% (inclusive of corporation tax and RPDT) (2024: 29.0%). The differences are
explained below:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Profit before tax
273.7
170.5
Profit before tax multiplied by the standard rate of tax of 29.0%
(inclusive of corporation tax and RPDT) (2024: 29.0%)
79.4
49.4
Effects of:
Other items including non-deductible expenses and
non-taxable income
11.6
8.0
Additional tax relief for land remediation costs
(3.5)
(2.6)
Adjustment in respect of previous years
(0.2)
1.6
Tax charge for the period
87.3
56.4
Tax recognised in equity
In addition to the amount charged to the Consolidated Income Statement, a net current and
deferred tax credit of \u00a30.8m (2024: \u00a30.8m credit) was recognised directly in equity.
Factors affecting future tax charges
The Group operates in the UK and is subject to tax at 29.0% on all its residential development
activities, comprising UK corporation tax (25.0%) and UK residential property developer tax (4.0%).
The Organisation for Economic Cooperation and Development (OECD) Pillar Two model rules are
designed to ensure that large multinational groups incur a 15% minimum effective tax rate in each
jurisdiction in which they operate. Pillar Two legislation was enacted in the UK in June 2023 and is
effective for the Group\u2019s financial year beginning 1 July 2024 and subsequent accounting periods.
The Group has performed an assessment of its potential exposure to Pillar Two income taxes in the
UK and, based on the assessment, does not expect a material exposure to Pillar Two top-up taxes.
Deferred tax
All deferred tax relates to the UK and is stated on a net basis as the Group has a legally enforceable
right to set off the recognised amounts and intends to settle on a net basis. The Group recognised
a net deferred tax liability with the following movements in the period:
Group
Accelerated
Share capital Customer Pension Other
options Losses Brands allowances contracts scheme (net) Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2023
2.8
\u2014
(31.6)
(11.0)
(21.3)
\u2014
7.6
(53.5)
Year ended
30 June 2024:
Income Statement
credit/(charge)
2.2
2.2
0.2
(0.2)
2 .1
\u2014
1.2
7.7
Amounts taken
directly to equity
0.8
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
0.8
At 30 June 2024
5.8
2.2
(31.4)
(11.2)
(19.2)
\u2014
8.8
(45.0)
Comprising:
Deferred tax assets
5.8
2.2
\u2014
\u2014
\u2014
\u2014
8.8
16.8
Deferred tax liabilities
\u2014
\u2014
(31.4)
(11.2)
(19.2)
\u2014
\u2014
(61.8)
52 weeks ended
29 June 2025:
Income Statement
credit/(charge)
1.1
(2.2)
0.1
(1.2)
3.9
0.1
27.5
29.3
Acquired with Redrow
(note 10)
\u2014
\u2014
(67.2)
1.1
(1.2)
(1.5)
(26.1)
(94.9)
Amounts taken
directly to equity
0.6
\u2014
\u2014
\u2014
\u2014
0.2
\u2014
0.8
At 29 June 2025
7.5
\u2014
(98.5)
(11.3)
(16.5)
(1.2)
10.2
(109.8)
Comprising:
Deferred tax assets
7.5
\u2014
\u2014
\u2014
\u2014
\u2014
10.2
17.7
Deferred tax liabilities
\u2014
\u2014
(98.5)
(11.3)
(16.5)
(1.2)
\u2014
(127.5)
The deferred tax liability in respect of indefinite life and other brands represents the amount of tax
that would become due if the brands were sold at their book value. There is no intention to sell the
indefinite life brands in the foreseeable future and it is not anticipated that any of the deferred tax
liability in respect of the indefinite life brands will reverse in the 52 weeks following the balance
sheet date. The deferred tax asset in respect of share schemes represents an estimate of the
future tax deduction available on the exercise or vesting of awards under those schemes.
While it is anticipated that an element of the remaining deferred tax assets and liabilities will
reverse during the 52 weeks following the balance sheet date, at present it is not possible to
accurately quantify the value of all of these reversals.
In addition to the deferred tax liability shown above, the Group has not recognised a deferred
tax asset of \u00a39.4m (2024: \u00a310.2m) in respect of capital and other losses amounting to \u00a332.5m
(2024: \u00a335.1m) because these are not considered recoverable in the foreseeable future.
The Company recognised a net deferred tax asset with the following movements in the period:
Company
Accelerated
Share capital Other
options allowances (net) Total
\u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2023
0.9
0.9
0.8
2.6
Year ended June 2023:
Income Statement (charge)/credit
0.3
\u2014
(0.8)
(0.5)
Amounts taken directly to equity
0 .1
\u2014
\u2014
0.1
At 30 June 2024
1.3
0.9
\u2014
2.2
Comprising:
Deferred tax assets
1.3
0.9
\u2014
2.2
52 weeks ended 29 June 2025:
Income Statement charge
\u2014
(0.3)
(0.1)
(0.4)
Amounts taken directly to equity
0 .1
\u2014
\u2014
0.1
At 29 June 2025
1.4
0.6
(0.1)
1.9
Comprising:
Deferred tax assets
1.4
0.6
\u2014
2.0
Deferred tax liabilities
\u2014
\u2014
(0.1)
(0.1)
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-514": { "value": "Tax The tax currently payable is based on the taxable profit for the period. Taxable profit differs from net profit as reported in the Income Statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Group\u2019s liability for current tax is calculated using tax rates that have been enacted or substantively enacted at the balance sheet date. Deferred tax Deferred tax is the tax expected to be payable or recoverable on 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, and is accounted for using the balance sheet liability method. Deferred tax is measured on a non-discounted basis using the tax rates and laws that have then been enacted or substantively enacted by the balance sheet date, and is charged or credited to the Income Statement, except when it relates to items charged or credited directly to other comprehensive income or equity, in which case the deferred tax is also dealt with in other comprehensive income or equity. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. Deferred tax liabilities are recognised for taxable temporary differences arising on investments in subsidiaries and interests in JVs, except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. The carrying amount of deferred tax assets is reviewed at each balance sheet date 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. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to taxes levied by the same tax authority and the Group intends to settle its current tax assets and liabilities on a net basis. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-530": { "value": "Deferred tax Deferred tax is the tax expected to be payable or recoverable on 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, and is accounted for using the balance sheet liability method. Deferred tax is measured on a non-discounted basis using the tax rates and laws that have then been enacted or substantively enacted by the balance sheet date, and is charged or credited to the Income Statement, except when it relates to items charged or credited directly to other comprehensive income or equity, in which case the deferred tax is also dealt with in other comprehensive income or equity. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. Deferred tax liabilities are recognised for taxable temporary differences arising on investments in subsidiaries and interests in JVs, except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. The carrying amount of deferred tax assets is reviewed at each balance sheet date 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. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to taxes levied by the same tax authority and the Group intends to settle its current tax assets and liabilities on a net basis. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-508": { "value": "Deferred tax All deferred tax relates to the UK and is stated on a net basis as the Group has a legally enforceable right to set off the recognised amounts and intends to settle on a net basis. The Group recognised a net deferred tax liability with the following movements in the period:
Group
Accelerated
Share capital Customer Pension Other
options Losses Brands allowances contracts scheme (net) Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2023
2.8
\u2014
(31.6)
(11.0)
(21.3)
\u2014
7.6
(53.5)
Year ended
30 June 2024:
Income Statement
credit/(charge)
2.2
2.2
0.2
(0.2)
2 .1
\u2014
1.2
7.7
Amounts taken
directly to equity
0.8
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
0.8
At 30 June 2024
5.8
2.2
(31.4)
(11.2)
(19.2)
\u2014
8.8
(45.0)
Comprising:
Deferred tax assets
5.8
2.2
\u2014
\u2014
\u2014
\u2014
8.8
16.8
Deferred tax liabilities
\u2014
\u2014
(31.4)
(11.2)
(19.2)
\u2014
\u2014
(61.8)
52 weeks ended
29 June 2025:
Income Statement
credit/(charge)
1.1
(2.2)
0.1
(1.2)
3.9
0.1
27.5
29.3
Acquired with Redrow
(note 10)
\u2014
\u2014
(67.2)
1.1
(1.2)
(1.5)
(26.1)
(94.9)
Amounts taken
directly to equity
0.6
\u2014
\u2014
\u2014
\u2014
0.2
\u2014
0.8
At 29 June 2025
7.5
\u2014
(98.5)
(11.3)
(16.5)
(1.2)
10.2
(109.8)
Comprising:
Deferred tax assets
7.5
\u2014
\u2014
\u2014
\u2014
\u2014
10.2
17.7
Deferred tax liabilities
\u2014
\u2014
(98.5)
(11.3)
(16.5)
(1.2)
\u2014
(127.5)
The deferred tax liability in respect of indefinite life and other brands represents the amount of tax that would become due if the brands were sold at their book value. There is no intention to sell the indefinite life brands in the foreseeable future and it is not anticipated that any of the deferred tax liability in respect of the indefinite life brands will reverse in the 52 weeks following the balance sheet date. The deferred tax asset in respect of share schemes represents an estimate of the future tax deduction available on the exercise or vesting of awards under those schemes. While it is anticipated that an element of the remaining deferred tax assets and liabilities will reverse during the 52 weeks following the balance sheet date, at present it is not possible to accurately quantify the value of all of these reversals. In addition to the deferred tax liability shown above, the Group has not recognised a deferred tax asset of \u00a39.4m (2024: \u00a310.2m) in respect of capital and other losses amounting to \u00a332.5m (2024: \u00a335.1m) because these are not considered recoverable in the foreseeable future. The Company recognised a net deferred tax asset with the following movements in the period:
Company
Accelerated
Share capital Other
options allowances (net) Total
\u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2023
0.9
0.9
0.8
2.6
Year ended June 2023:
Income Statement (charge)/credit
0.3
\u2014
(0.8)
(0.5)
Amounts taken directly to equity
0 .1
\u2014
\u2014
0.1
At 30 June 2024
1.3
0.9
\u2014
2.2
Comprising:
Deferred tax assets
1.3
0.9
\u2014
2.2
52 weeks ended 29 June 2025:
Income Statement charge
\u2014
(0.3)
(0.1)
(0.4)
Amounts taken directly to equity
0 .1
\u2014
\u2014
0.1
At 29 June 2025
1.4
0.6
(0.1)
1.9
Comprising:
Deferred tax assets
1.4
0.6
\u2014
2.0
Deferred tax liabilities
\u2014
\u2014
(0.1)
(0.1)
19. Trade and other payables Trade and other payables Trade and other payables are not interest bearing and are initially recorded at fair value. Subsequent measurement is at amortised cost. Trade and other payables on extended terms, particularly in respect of land, are recorded at their fair value at the date of acquisition of the asset to which they relate by discounting at prevailing market interest rates at the date of recognition. The discount to nominal value, which will be paid in settling the deferred purchase terms liability, is amortised over the period of the credit term and charged to finance costs using the \u201ceffective interest rate\u201d method.
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Non-current liabilities
Land payables
372.1
165.0
\u2014
\u2014
Other payables
10.4
7.0
\u2014
\u2014
382.5
172.0
\u2014
\u2014
Current liabilities
Trade payables
507.6
252.7
1.9
2.8
Land payables
437.3
307.8
\u2014
\u2014
Contract liabilities
21
101.9
69.4
\u2014
\u2014
Amounts due to subsidiary undertakings
\u2014
\u2014
100.2
91.3
Accruals
478.0
399.2
61.3
34.1
Other tax and social security
19.8
14.8
\u2014
\u2014
Other payables
13.4
11.2
\u2014
\u2014
1,558.0
1,055.1
163.4
128.2
Other payables classified as non-current liabilities at 29 June 2025 include amounts accrued for payment of the CITB levy and other sundry accruals. Other non-current payables are unsecured and non-interest bearing. The carrying amount of trade payables approximates to their fair value. Land payables are classified as non-current or current depending on the contractual maturity date of future cash flows. Accruals principally comprise accrued site-based expenses and employee costs, and include a social security accrual relating to share-based payments (note 27). The Group has \u00a3461.5m (2024: \u00a3179.3m) of payables secured by legal charges on land and buildings included within inventories. Amounts due to subsidiary undertakings are unsecured. A market rate of interest averaging 4.0% (2024: 4.0%) is earned on loan accounts; current accounts are interest free. Further disclosures relating to financial liabilities are set out in note 22.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-506": { "value": "Deferred tax All deferred tax relates to the UK and is stated on a net basis as the Group has a legally enforceable right to set off the recognised amounts and intends to settle on a net basis. The Group recognised a net deferred tax liability with the following movements in the period:
Group
Accelerated
Share capital Customer Pension Other
options Losses Brands allowances contracts scheme (net) Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2023
2.8
\u2014
(31.6)
(11.0)
(21.3)
\u2014
7.6
(53.5)
Year ended
30 June 2024:
Income Statement
credit/(charge)
2.2
2.2
0.2
(0.2)
2 .1
\u2014
1.2
7.7
Amounts taken
directly to equity
0.8
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
0.8
At 30 June 2024
5.8
2.2
(31.4)
(11.2)
(19.2)
\u2014
8.8
(45.0)
Comprising:
Deferred tax assets
5.8
2.2
\u2014
\u2014
\u2014
\u2014
8.8
16.8
Deferred tax liabilities
\u2014
\u2014
(31.4)
(11.2)
(19.2)
\u2014
\u2014
(61.8)
52 weeks ended
29 June 2025:
Income Statement
credit/(charge)
1.1
(2.2)
0.1
(1.2)
3.9
0.1
27.5
29.3
Acquired with Redrow
(note 10)
\u2014
\u2014
(67.2)
1.1
(1.2)
(1.5)
(26.1)
(94.9)
Amounts taken
directly to equity
0.6
\u2014
\u2014
\u2014
\u2014
0.2
\u2014
0.8
At 29 June 2025
7.5
\u2014
(98.5)
(11.3)
(16.5)
(1.2)
10.2
(109.8)
Comprising:
Deferred tax assets
7.5
\u2014
\u2014
\u2014
\u2014
\u2014
10.2
17.7
Deferred tax liabilities
\u2014
\u2014
(98.5)
(11.3)
(16.5)
(1.2)
\u2014
(127.5)
The deferred tax liability in respect of indefinite life and other brands represents the amount of tax that would become due if the brands were sold at their book value. There is no intention to sell the indefinite life brands in the foreseeable future and it is not anticipated that any of the deferred tax liability in respect of the indefinite life brands will reverse in the 52 weeks following the balance sheet date. The deferred tax asset in respect of share schemes represents an estimate of the future tax deduction available on the exercise or vesting of awards under those schemes. While it is anticipated that an element of the remaining deferred tax assets and liabilities will reverse during the 52 weeks following the balance sheet date, at present it is not possible to accurately quantify the value of all of these reversals. In addition to the deferred tax liability shown above, the Group has not recognised a deferred tax asset of \u00a39.4m (2024: \u00a310.2m) in respect of capital and other losses amounting to \u00a332.5m (2024: \u00a335.1m) because these are not considered recoverable in the foreseeable future. The Company recognised a net deferred tax asset with the following movements in the period:
Company
Accelerated
Share capital Other
options allowances (net) Total
\u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2023
0.9
0.9
0.8
2.6
Year ended June 2023:
Income Statement (charge)/credit
0.3
\u2014
(0.8)
(0.5)
Amounts taken directly to equity
0 .1
\u2014
\u2014
0.1
At 30 June 2024
1.3
0.9
\u2014
2.2
Comprising:
Deferred tax assets
1.3
0.9
\u2014
2.2
52 weeks ended 29 June 2025:
Income Statement charge
\u2014
(0.3)
(0.1)
(0.4)
Amounts taken directly to equity
0 .1
\u2014
\u2014
0.1
At 29 June 2025
1.4
0.6
(0.1)
1.9
Comprising:
Deferred tax assets
1.4
0.6
\u2014
2.0
Deferred tax liabilities
\u2014
\u2014
(0.1)
(0.1)
17. Trade and other receivables Trade and other receivables Trade and other receivables are financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for those with maturities greater than 12 months after the balance sheet date, which are classified as non-current assets. Amounts recoverable on certain construction contracts where revenue is recognised over time are included in trade receivables and stated at cost plus attributable profit less any foreseeable losses. Payments received on account for these construction contracts are deducted from amounts recoverable on these contracts. Trade and other receivables are initially recognised at their transaction price, being fair value, and subsequently measured at amortised cost, being their nominal value less a loss allowance for expected credit losses, which are assessed on the basis of an average weighting of the risk of default. Any impairment is recognised immediately in the Income Statement. For this purpose, a default is determined to have occurred if the Group becomes aware of evidence that it will not receive all contractual cash flows that are due or if payment has not been received within 60 days of the due date. After this time, it is probable that contractual cash flows will not be fully recovered. The Group does not hold any collateral over these balances. Trade receivables are receivables and contract assets arising from the Group\u2019s contracts with customers. The loss allowance is equal to the lifetime expected credit loss, assessed on an individual customer basis. The loss allowances for other receivables and amounts due from subsidiary undertakings are equal to 12-month expected credit losses unless there has been a significant increase in credit risk since the date of initial recognition, in which case the loss allowance is equal to the lifetime expected credit loss. A significant increase in credit risk is judged to have occurred if a review of available information indicates an increased probability of default, or if contractual payments are more than 30 days past due. Trade and other receivables that are more than two years overdue are deemed to have no reasonable expectation of recovery and are written off in the Financial Statements but are still subject to enforcement activity. Subsequent recoveries of amounts previously written off are credited to the Income Statement. The expected credit loss on the amounts due from subsidiary undertakings has been assessed to be immaterial.
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Non-current assets
Amounts due from
subsidiary undertakings
\u2014
\u2014
5,679.8
76.1
Contract assets
21
0.9
1.0
\u2014
\u2014
Other receivables
4.1
2.4
\u2014
\u2014
5.0
3.4
5,679.8
76.1
Current assets
Trade receivables
99.0
72.2
\u2014
\u2014
Contract assets
21
9.0
5.9
\u2014
\u2014
Amounts due from
subsidiary undertakings
\u2014
\u2014
33.7
169.0
Other receivables
115.3
111.0
5.7
5.5
Prepayments and
accrued income
17.8
12.8
9.2
8.1
241.1
201.9
48.6
182.6
Group other receivables include \u00a329.2m (2024: \u00a327.8m) receivable from joint ventures and VAT of \u00a359.8m (2024: \u00a351.9m). Amounts due from subsidiary undertakings are repayable on demand. There have been no significant increases in credit risk on these balances since initial recognition and the 12-month expected credit losses are considered to be negligible. A market rate of interest averaging 4.0% (2024: 4.0%) is earned on loan accounts; current accounts are interest free. No interest is charged on non-current amounts. The carrying values of trade and other receivables are stated after allowance for expected credit losses. The movements in the loss allowances for the year were as follows:
Trade receivables and
contract balances
Other receivables
Lifetime expected 12-month
credit losses expected credit
(individually assessed) losses
Group Company Group Company
Loss allowance
Notes
 \u00a3m \u00a3m \u00a3m \u00a3m
Loss allowance at 1 July 2024
6.9
\u2014
0.5
\u2014
Charge for the period
22
4.1
\u2014
0 .1
\u2014
Amounts written off
Amounts acquired on acquisition
(0.6)
\u2014
\u2014
\u2014
of Redrow plc
10
5.7
\u2014
\u2014
\u2014
Recoveries of amounts previously
written off
22
(5.8)
\u2014
(0.2)
\u2014
Loss allowance at 29 June 2025
10.3
\u2014
0.4
\u2014
Movements in loss allowances are principally a result of the derecognition and origination of financial assets in the year. The loss allowances written off are equal to the gross carrying amounts of the assets written off in the period. The Directors consider that the carrying amount of trade receivables approximates to their fair value. The expected credit losses on the Company amounts due from subsidiary undertakings are not material to the Financial Statements. The subsidiaries are able to pay their liabilities as they fall due and the probability of default is insignificant. Further disclosures relating to financial assets are set out in note 22.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-486": { "value": "Deferred tax All deferred tax relates to the UK and is stated on a net basis as the Group has a legally enforceable right to set off the recognised amounts and intends to settle on a net basis. The Group recognised a net deferred tax liability with the following movements in the period:
Group
Accelerated
Share capital Customer Pension Other
options Losses Brands allowances contracts scheme (net) Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2023
2.8
\u2014
(31.6)
(11.0)
(21.3)
\u2014
7.6
(53.5)
Year ended
30 June 2024:
Income Statement
credit/(charge)
2.2
2.2
0.2
(0.2)
2 .1
\u2014
1.2
7.7
Amounts taken
directly to equity
0.8
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
0.8
At 30 June 2024
5.8
2.2
(31.4)
(11.2)
(19.2)
\u2014
8.8
(45.0)
Comprising:
Deferred tax assets
5.8
2.2
\u2014
\u2014
\u2014
\u2014
8.8
16.8
Deferred tax liabilities
\u2014
\u2014
(31.4)
(11.2)
(19.2)
\u2014
\u2014
(61.8)
52 weeks ended
29 June 2025:
Income Statement
credit/(charge)
1.1
(2.2)
0.1
(1.2)
3.9
0.1
27.5
29.3
Acquired with Redrow
(note 10)
\u2014
\u2014
(67.2)
1.1
(1.2)
(1.5)
(26.1)
(94.9)
Amounts taken
directly to equity
0.6
\u2014
\u2014
\u2014
\u2014
0.2
\u2014
0.8
At 29 June 2025
7.5
\u2014
(98.5)
(11.3)
(16.5)
(1.2)
10.2
(109.8)
Comprising:
Deferred tax assets
7.5
\u2014
\u2014
\u2014
\u2014
\u2014
10.2
17.7
Deferred tax liabilities
\u2014
\u2014
(98.5)
(11.3)
(16.5)
(1.2)
\u2014
(127.5)
The deferred tax liability in respect of indefinite life and other brands represents the amount of tax that would become due if the brands were sold at their book value. There is no intention to sell the indefinite life brands in the foreseeable future and it is not anticipated that any of the deferred tax liability in respect of the indefinite life brands will reverse in the 52 weeks following the balance sheet date. The deferred tax asset in respect of share schemes represents an estimate of the future tax deduction available on the exercise or vesting of awards under those schemes. While it is anticipated that an element of the remaining deferred tax assets and liabilities will reverse during the 52 weeks following the balance sheet date, at present it is not possible to accurately quantify the value of all of these reversals. In addition to the deferred tax liability shown above, the Group has not recognised a deferred tax asset of \u00a39.4m (2024: \u00a310.2m) in respect of capital and other losses amounting to \u00a332.5m (2024: \u00a335.1m) because these are not considered recoverable in the foreseeable future. The Company recognised a net deferred tax asset with the following movements in the period:
Company
Accelerated
Share capital Other
options allowances (net) Total
\u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2023
0.9
0.9
0.8
2.6
Year ended June 2023:
Income Statement (charge)/credit
0.3
\u2014
(0.8)
(0.5)
Amounts taken directly to equity
0 .1
\u2014
\u2014
0.1
At 30 June 2024
1.3
0.9
\u2014
2.2
Comprising:
Deferred tax assets
1.3
0.9
\u2014
2.2
52 weeks ended 29 June 2025:
Income Statement charge
\u2014
(0.3)
(0.1)
(0.4)
Amounts taken directly to equity
0 .1
\u2014
\u2014
0.1
At 29 June 2025
1.4
0.6
(0.1)
1.9
Comprising:
Deferred tax assets
1.4
0.6
\u2014
2.0
Deferred tax liabilities
\u2014
\u2014
(0.1)
(0.1)
", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-465": { "value": "Deferred tax All deferred tax relates to the UK and is stated on a net basis as the Group has a legally enforceable right to set off the recognised amounts and intends to settle on a net basis. The Group recognised a net deferred tax liability with the following movements in the period:
Group
Accelerated
Share capital Customer Pension Other
options Losses Brands allowances contracts scheme (net) Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2023
2.8
\u2014
(31.6)
(11.0)
(21.3)
\u2014
7.6
(53.5)
Year ended
30 June 2024:
Income Statement
credit/(charge)
2.2
2.2
0.2
(0.2)
2 .1
\u2014
1.2
7.7
Amounts taken
directly to equity
0.8
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
0.8
At 30 June 2024
5.8
2.2
(31.4)
(11.2)
(19.2)
\u2014
8.8
(45.0)
Comprising:
Deferred tax assets
5.8
2.2
\u2014
\u2014
\u2014
\u2014
8.8
16.8
Deferred tax liabilities
\u2014
\u2014
(31.4)
(11.2)
(19.2)
\u2014
\u2014
(61.8)
52 weeks ended
29 June 2025:
Income Statement
credit/(charge)
1.1
(2.2)
0.1
(1.2)
3.9
0.1
27.5
29.3
Acquired with Redrow
(note 10)
\u2014
\u2014
(67.2)
1.1
(1.2)
(1.5)
(26.1)
(94.9)
Amounts taken
directly to equity
0.6
\u2014
\u2014
\u2014
\u2014
0.2
\u2014
0.8
At 29 June 2025
7.5
\u2014
(98.5)
(11.3)
(16.5)
(1.2)
10.2
(109.8)
Comprising:
Deferred tax assets
7.5
\u2014
\u2014
\u2014
\u2014
\u2014
10.2
17.7
Deferred tax liabilities
\u2014
\u2014
(98.5)
(11.3)
(16.5)
(1.2)
\u2014
(127.5)
The deferred tax liability in respect of indefinite life and other brands represents the amount of tax that would become due if the brands were sold at their book value. There is no intention to sell the indefinite life brands in the foreseeable future and it is not anticipated that any of the deferred tax liability in respect of the indefinite life brands will reverse in the 52 weeks following the balance sheet date. The deferred tax asset in respect of share schemes represents an estimate of the future tax deduction available on the exercise or vesting of awards under those schemes. While it is anticipated that an element of the remaining deferred tax assets and liabilities will reverse during the 52 weeks following the balance sheet date, at present it is not possible to accurately quantify the value of all of these reversals. In addition to the deferred tax liability shown above, the Group has not recognised a deferred tax asset of \u00a39.4m (2024: \u00a310.2m) in respect of capital and other losses amounting to \u00a332.5m (2024: \u00a335.1m) because these are not considered recoverable in the foreseeable future. The Company recognised a net deferred tax asset with the following movements in the period:
Company
Accelerated
Share capital Other
options allowances (net) Total
\u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2023
0.9
0.9
0.8
2.6
Year ended June 2023:
Income Statement (charge)/credit
0.3
\u2014
(0.8)
(0.5)
Amounts taken directly to equity
0 .1
\u2014
\u2014
0.1
At 30 June 2024
1.3
0.9
\u2014
2.2
Comprising:
Deferred tax assets
1.3
0.9
\u2014
2.2
52 weeks ended 29 June 2025:
Income Statement charge
\u2014
(0.3)
(0.1)
(0.4)
Amounts taken directly to equity
0 .1
\u2014
\u2014
0.1
At 29 June 2025
1.4
0.6
(0.1)
1.9
Comprising:
Deferred tax assets
1.4
0.6
\u2014
2.0
Deferred tax liabilities
\u2014
\u2014
(0.1)
(0.1)
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-434": { "value": "
8. Earnings per share
The earnings per share from continuing operations were as follows:
52 weeks
ended Year ended
29 June 30 June
2025 2024
Pence Pence
Basic earnings per share
13.6
11.8
Diluted earnings per share
13.3
11.6
Adjusted basic earnings per share
25.5
28.3
Adjusted diluted earnings per share
25.0
27.8
Basic earnings per share is calculated by dividing the profit for the period attributable to ordinary
shareholders of the Company by the weighted average number of ordinary shares in issue during
the period, excluding those held by the EBT that do not attract dividend equivalents and which are
treated as cancelled.
Diluted earnings per share is calculated by dividing the profit for the period attributable to ordinary
shareholders of the Company by the weighted average number of ordinary shares in issue adjusted
to assume conversion of all potentially dilutive share options from the start of the period.
Adjusted basic and adjusted diluted earnings per share exclude the impact of adjusted items and
any associated net tax amounts.
52 weeks
ended Year ended
29 June 30 June
2025 2024
Profit attributable to ordinary shareholders of the Company (\u00a3m)
186.4
114.1
Adjusted items (\u00a3m)
214.6
214.5
Tax on adjusted items (\u00a3m)
(51.7)
(54.4)
Adjusted profit attributable to ordinary shareholders of the
Company (\u00a3m)
349.3
274.2
Weighted average number of shares in issue (million)
1
1,379.3
974.6
Weighted average number of shares in the EBT on which dividends
were waived (million)
(7.8)
(5.8)
Weighted average number of shares for basic earnings per
share (million)
1,371.5
968.8
Weighted average number of shares in issue (million)
1
1,379.3
974.6
Adjustment to assume conversion of all potentially dilutive
shares (million)
18.9
12.5
Weighted average number of shares for diluted earnings per
share (million)
1,398.2
987.1
1 During the period the Company issued 465,663,607 shares as consideration for the acquisition of Redrow plc and 10,840,048 shares to the EBT to satisfy
Redrow share option schemes. The majority of these shares were issued on 23 August 2024. Following approval on 11 February 2025 the Company purchased
11,270,807 of its own shares in the market, of which 11,162,743 had been cancelled at the balance sheet date (see note 23).
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-435": { "value": "
9. Dividends
52 weeks
ended Year ended
29 June 30 June
2025 2024
Amounts recognised as distributions to equity shareholders
in the period:
Final dividend for the year ended 30 June 2024 of 11.8p (2023: 23.5p)
per share
170.5
228.0
Interim dividend for the 52 weeks ended 29 June 2025 of 5.5p
(year ended 30 June 2024: 4.4p) per share
78.8
42.6
Total dividends distributed to equity shareholders in the period
249.3
270.6
52 weeks
ended Year ended
29 June 30 June
2025 2024
Proposed final dividend for the 52 weeks ended 29 June 2025
of 12. 1p (year ended 30 June 2024: 11 .8p) per share
1
172.6
170.2
1 The cost of the proposed dividend is calculated based upon the number of shares ranking for dividend at the balance sheet date.
The final dividend of 12.1 pence per share was approved by the Board on 16 September 2025 and
has not been included as a liability as at 29 June 2025. The proposed dividend is payable to all
shareholders on the register of members on 10 October 2025 (other than shares held by the
Barratt and Redrow EBTs on which dividends have been waived). The payment of this dividend
will not have any tax consequences for the Group.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-5": { "value": "0.121", "decimals": 3, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-8": { "value": "0.118", "decimals": 3, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-6": { "value": "172600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00", "unit": "iso4217:GBP" } }, "fact-7": { "value": "170200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2023-07-01T00:00:00/2024-07-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-436": { "value": "10. Business combinations Business combinations The Financial Statements of subsidiary undertakings are consolidated from the date when control passes to the Group, as defined in IFRS 3, using the acquisition method of accounting up to the date control ceases. All of the subsidiaries\u2019 identifiable assets and liabilities, including contingent liabilities, existing at the date of acquisition are recorded at their fair values. All changes to those assets and liabilities, and the resulting gains and losses that arise after the Group has gained control of the subsidiary, are included in the Income Statement. All intra-Group transactions and intercompany profits or losses are eliminated on consolidation. Acquisition of Redrow plc On 21 August 2024, the Group acquired 100% of the share capital of Redrow plc in an all share transaction. In accordance with standard practice, the Competition and Markets Authority (CMA) issued an Initial Enforcement Order (IEO) requiring the Barratt and Redrow businesses to continue to operate independently until the CMA had formally accepted the undertakings proposed by the parties in response to its limited concerns. The CMA accepted these undertakings and lifted the IEO on 4 October 2024. Management reviewed the terms of the IEO and concluded that under its terms, the Group Directors were able to direct the relevant activities of Redrow plc to influence future returns. The date on which the Group obtained control of Redrow plc was therefore deemed to be 21 August 2024. Redrow plc was the parent company of a group of companies involved in UK housebuilding. The acquisition has been accounted for using the acquisition method of accounting. The acquisition brings together two housebuilding businesses with complementary cultures to create a strong brand portfolio that will offer customers a wider range of house types and accelerate delivery. It also allows the realisation of significant cost synergies from procurement savings and a rationalisation of divisional and central costs. Details of the purchase consideration, net assets acquired and the resulting goodwill are as follows:
\u00a3m
Fair value of shares issued
2,528.6
Share issue costs
0.3
Total purchase consideration
2,528.9
On 23 August 2024, the Company issued 476,309,120 new ordinary shares of 10 pence nominal value to shareholders of Redrow plc. Of these, 10,840,048 were issued in replacement of shares in Redrow plc held by the Redrow Employee Benefit Trust, which are excluded from the purchase consideration. Costs of \u00a30.3m directly attributable to the share issue have been recognised in equity. The issue of a further 256,258 new ordinary shares of 10 pence nominal value (of which 194,535 had been issued at 29 June 2025) was accrued as purchase consideration in respect of share-based payment awards that vested on the change of control of Redrow plc. The total fair value of the shares issued and accrued in respect of the purchase consideration was \u00a32,528.6m which was determined using the
closing Barratt Developments PLC share price of 543 pence at 21 August 2024. The non-statutory
premium of \u00a32,482.0m arising on the shares issued and accrued as consideration for the acquisition
has been credited to the merger reserve in accordance with Section 612 of the Companies Act 2006.
The closing Barratt Developments PLC share price on 6 February 2024, the last business day prior
to the announcement of the offer, was 530 pence.
The assets and liabilities acquired have been recognised at their acquisition date fair values. The
carrying values below are presented after reclassification to align with Group accounting policy.
Carrying value
in the
consolidated
financial
records of Fair value at
Redrow plc at Adjustment to 21 August
Net assets and liabilities recognised as a result of the 21 August 2024 fair value 2024
acquisition \u00a3m \u00a3m \u00a3m
Intangible assets (note 11)
\u2014
235.9
235.9
Tangible fixed assets (note 14)
18.8
2.0
20.8
Right-of-use assets (note 15)
8.9
\u2014
8.9
Pension scheme surplus (note 5)
5.2
\u2014
5.2
Inventories
2,678.1
131.2
2,809.3
Trade and other receivables
45.9
(2.2)
43.7
Cash (note 18)
194.3
\u2014
194.3
Trade and other payables
(634.8)
3.8
(631.0)
Provisions (note 20)
(247.9)
(161.7)
(409.6)
Lease liabilities (note 15)
(9.2)
\u2014
(9.2)
Corporation tax asset
1.7
31.9
33.6
Deferred tax liability (note 7)
(1.2)
(93.7)
(94.9)
Net identifiable assets acquired
2,059.8
147.2
2,207.0
Goodwill (note 11)
\u2014
321.9
321.9
Net assets acquired
2,059.8
469.1
2,528.9
The intangible assets acquired comprise the Redrow brand (\u00a3231.8m), valued using a relief-from-
royalty method assuming an indefinite useful life, and customer contracts (\u00a34.1m), valued using a
multi-period excess earnings method and amortised as those contracts are completed. In
concluding that a brand has an indefinite useful life, management consider the Group\u2019s current and
future expected strategy. The continued use of the Barratt Homes, David Wilson Homes and
Redrow brands, including the offer of multiple brands on single sites is a key pillar in the Group\u2019s
strategy to drive future growth.
A fair value uplift of \u00a3131.2m has been recognised on inventories which is expected to substantially
unwind within two years. In determining the fair value of inventories, management has made
judgements in determining the price that would be received or paid by a market participant at the
date of acquisition. This includes the profit that would be expected to be earned from land interests
and partially completed developments, which has been determined with reference to market
conditions and industry margins. The fair value adjustment comprises a \u00a371.3m increase in respect
of option agreements to purchase land, a \u00a3120.4m increase in respect of live developments, and a
\u00a360.5m decrease in respect of land on which residential development has not yet started.
The Group holds a provision for the remediation of reinforced concrete frames on developments
designed by two engineering firms whose work has previously been found to be defective. One of
these firms have also been involved in the design of certain developments constructed by the
Redrow group and initial investigations have determined that it is probable that remediation will be
required to buildings on four of these developments. Based on the current best estimate of the
remediation cost, an adjustment of \u00a326.6m was made to the fair value of inventories in respect of
works required on live developments, which is included in the fair value adjustment to inventories
described above, and a provision of \u00a3105.2m has been recognised as an assumed liability at
acquisition in respect of legacy properties (note 20).
Under IFRS 3, any possible present obligation arising from past events that is assumed in a business
combination, for which the fair value can be reliably measured, must be recognised as a liability,
regardless of whether an outflow of economic benefits is probable. As a result, the Group has
recognised liabilities in respect of possible remediation works relating to external wall systems on
properties constructed by the Redrow group that have not previously been recognised in the
financial statements of Redrow plc or its subsidiaries. These amounts reflect the possibility of
issues being identified on properties for which there is currently no confirmation of works being
required and are deemed to be low risk. Being of the same nature and subject to similar
uncertainties over the amount and timing of future outflows, the liabilities are presented within
legacy property provisions (note 20).
Included within provisions at the acquisition date is \u00a3114.1m in respect of costs in relation to
completed developments. The majority of such liabilities were presented in the financial statements
of Redrow plc within trade and other payables but are presented as provisions here to align with the
Group\u2019s accounting policy.
The gross contractual amounts receivable for the trade and other receivables acquired were \u00a327.7m
and the best estimate at the acquisition date of the contractual cash flows not expected to be
collected was \u00a35.7m.
Goodwill represents the value of intangible assets that do not qualify for separate recognition
under accounting standards and is attributable to the anticipated profitability of the individual sites
acquired, the complementary geographic fit and the anticipated operating synergies from
the combination.
Subsequent to the acquisition, 2,778,450 share options held by Redrow employees under the
Redrow plc Save As You Earn share option scheme (Redrow SAYE) were converted to options
over shares in Barratt Redrow plc. These schemes are accounted for as remuneration for
post-acquisition services provided to the Group.
The acquisition was achieved through a share-for-share exchange with no cash consideration
payable to the former shareholders of Redrow plc and no cash received for the share issue.
The Group\u2019s cash inflow in respect of the acquisition is as follows:
52 weeks
ended
29 June 2025
\u00a3m
Investing activities:
Cash balances acquired
194.3
Financing activities:
Share issue costs
(0.3)
Net inflow of cash
194.0
Included within trade and other payables at the acquisition date was an accrual for \u00a318.9m of costs
incurred in respect of the acquisition by Redrow plc prior to completion. These costs were
subsequently paid and are included within the net cash inflow from operating activities in the Group
Cash Flow Statement, but not included in the Group Income Statement.
Revenue of \u00a31,538.0m, an adjusted profit before tax of \u00a3106.0m, and a profit before tax of \u00a396.0m
are recognised in the Consolidated Income Statement in respect of Redrow.
If the acquisition had occurred on 1 July 2024, consolidated pro-forma revenue, adjusted profit
before tax, and profit before tax for the period ended 29 June 2025, based on Redrow\u2019s results for
the period before tax, adjusted for intercompany transactions and after alignment with Group
accounting policies, would have been \u00a35,679.4m, \u00a3460.0m and \u00a3245.4m respectively.
In the current period, acquisition costs of \u00a336.2m are included in administrative expenses in the
Consolidated Income Statement and in operating cash flows in the Group Cash Flow Statement.
In addition, acquisition costs of \u00a322.4m were incurred and included in administrative costs in the
Consolidated Income Statement in the year ended 30 June 2024.
Following the acquisition, the Directors continue to review the Group\u2019s operations to most
effectively integrate the Redrow business and to best position the combined Group to realise the
synergies of the combination and achieve its objectives. As a result, the Group has undertaken
certain reorganisation and restructuring activities, for which the aggregate direct costs are
material. The incremental costs incurred are presented as adjusted items (see note 4).
", "dimensions": { "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-531": { "value": "Business combinations The Financial Statements of subsidiary undertakings are consolidated from the date when control passes to the Group, as defined in IFRS 3, using the acquisition method of accounting up to the date control ceases. All of the subsidiaries\u2019 identifiable assets and liabilities, including contingent liabilities, existing at the date of acquisition are recorded at their fair values. All changes to those assets and liabilities, and the resulting gains and losses that arise after the Group has gained control of the subsidiary, are included in the Income Statement. All intra-Group transactions and intercompany profits or losses are eliminated on consolidation. Goodwill Goodwill arising on consolidation (see note 10 for the Group policy on consolidation) represents the excess of the fair value of the consideration over the fair value of the separately identifiable assets and liabilities acquired. Goodwill arising on the acquisition of subsidiary undertakings and businesses is capitalised as an asset but reviewed for impairment at least annually. For the purpose of impairment testing, goodwill is allocated to the cash-generating unit, or group of cash-generating units, expected to benefit from the synergies of the combination at acquisition. While the cash-generating units within the housebuilding business are at a site level, management considers it to be more appropriate to review these for impairment as a group of cash-generating units rather than on an individual basis. As explained in note 10, the acquisition of Redrow is part of the Group\u2019s strategy to broaden its housebuilding offering and to realise synergies from integrating Redrow into the Group\u2019s single housebuilding operation. The integration of Redrow has progressed well in FY25 and will be fully completed in FY26. Consequently, the Redrow goodwill has been allocated to the Group\u2019s housebuilding business, reflecting how economic resources are allocated to develop land across the enlarged Group. Brand intangibles are also allocated to the housebuilding business when tested for impairment. Cash-generating units to which goodwill has been allocated are tested for impairment. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in the unit. Any impairment loss is recognised immediately in the Income Statement and is not subsequently reversed. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-515": { "value": "Business combinations The Financial Statements of subsidiary undertakings are consolidated from the date when control passes to the Group, as defined in IFRS 3, using the acquisition method of accounting up to the date control ceases. All of the subsidiaries\u2019 identifiable assets and liabilities, including contingent liabilities, existing at the date of acquisition are recorded at their fair values. All changes to those assets and liabilities, and the resulting gains and losses that arise after the Group has gained control of the subsidiary, are included in the Income Statement. All intra-Group transactions and intercompany profits or losses are eliminated on consolidation. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-487": { "value": "11. Goodwill and intangible assets Goodwill Goodwill Goodwill arising on consolidation (see note 10 for the Group policy on consolidation) represents the excess of the fair value of the consideration over the fair value of the separately identifiable assets and liabilities acquired. Goodwill arising on the acquisition of subsidiary undertakings and businesses is capitalised as an asset but reviewed for impairment at least annually. For the purpose of impairment testing, goodwill is allocated to the cash-generating unit, or group of cash-generating units, expected to benefit from the synergies of the combination at acquisition. While the cash-generating units within the housebuilding business are at a site level, management considers it to be more appropriate to review these for impairment as a group of cash-generating units rather than on an individual basis. As explained in note 10, the acquisition of Redrow is part of the Group\u2019s strategy to broaden its housebuilding offering and to realise synergies from integrating Redrow into the Group\u2019s single housebuilding operation. The integration of Redrow has progressed well in FY25 and will be fully completed in FY26. Consequently, the Redrow goodwill has been allocated to the Group\u2019s housebuilding business, reflecting how economic resources are allocated to develop land across the enlarged Group. Brand intangibles are also allocated to the housebuilding business when tested for impairment. Cash-generating units to which goodwill has been allocated are tested for impairment. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in the unit. Any impairment loss is recognised immediately in the Income Statement and is not subsequently reversed.
Group
29 June 30 June
2025 2024
\u00a3m \u00a3m
Cost
At 1 July
877.4
877.4
On acquisitions in the period
321.9
\u2014
At end of period
1,199.3
877.4
Accumulated impairment losses
At beginning and end of period
24.5
24.5
Carrying amount
At balance sheet date
1,174.8
852.9
During the period, the Group acquired all of the share capital of Redrow plc (note 10). Goodwill of \u00a3321.9m arising on the acquisition has been capitalised and allocated to the Group\u2019s housebuilding business. The Group\u2019s goodwill relating to the acquisition of Wilson Bowden Limited in 2007 has a carrying value of \u00a3792.2m and goodwill in respect of the 2019 acquisition of Oregon Timber Frame Limited has a carrying value of \u00a313.7m, both relating to the housebuilding business. In addition, the Group has goodwill of \u00a347.0m relating to the Group\u2019s land promotion business, following the 2022 acquisition of Gladman Developments Limited. Other intangible assets Brands The Group has capitalised, as intangible assets, brands that have been acquired. Acquired brand values are calculated using a relief-from-royalty method. Where a brand is considered to have a finite life, it is amortised over its estimated useful life on a straight-line basis. Where a brand is capitalised with an indefinite life, it is not amortised. The factors that contribute to the durability of brands capitalised are that there are no material legal, regulatory, contractual, competitive, economic or other factors that limit the useful lives of these intangible assets. Internally generated brands are not capitalised. The Group carries out an annual impairment review of indefinite life brands as part of the review of the carrying value of goodwill, by performing a value in use calculation, using a discount factor based upon the Group\u2019s pre-tax weighted average cost of capital which reflects the market\u2019s assessment of risk of the housebuilding business. Specific risks are reflected in forecast cashflows. Customer contract relationships The Group has capitalised, as intangible assets, acquired customer contract relationships. Customer contract relationships are valued at the present value of future cash flows and are amortised on a straight-line basis over ten years. Internally generated customer contract relationships are not capitalised. Customer contracts The Group has capitalised, as intangible assets, acquired customer contracts. Customer contracts are valued at the present value of future cash flows less contributory asset charges and are amortised on a straight-line basis in line with contract relationships at the acquisition date.
Group
Purchased
Customer manufacturing
Brands contracts
rights
Total
29 June 30 June 29 June 30 June 29 June 30 June 29 June 30 June
2025 2024 2025 2024 2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At beginning of period
118.7
118.7
98.9
98.9
\u2014
\u2014
217.6
217.6
Purchased in the
period
\u2014
\u2014
\u2014
\u2014
2.5
\u2014
2.5
\u2014
Acquired in the
period through the
acquisition of
Redrow plc (note 10)
231.8
\u2014
4.1
\u2014
\u2014
\u2014
235.9
\u2014
At end of period
350.5
118.7
103.0
98.9
2.5
\u2014
456.0
217.6
Amortisation
At start of period
9.2
8.7
23.9
14.0
\u2014
\u2014
33.1
22.7
Amortisation in
the period
0.5
0.5
14.0
9.9
\u2014
\u2014
14.5
10.4
At end of period
9.7
9.2
37.9
23.9
\u2014
\u2014
47.6
33.1
Carrying amount
At balance sheet date
340.8
109.5
65.1
75.0
2.5
\u2014
408.4
184.5
The Group does not amortise the David Wilson Homes housebuilding brand acquired with Wilson Bowden valued at \u00a3100.0m, or the Redrow brand valued at \u00a3231.8m as the Directors consider that these brands have an indefinite useful economic life due to the Group intending to hold and support the brands for an indefinite period, and there are no factors that would prevent it from doing so. In 2022, the Group acquired brands valued at \u00a310.8m and customer contracts valued at \u00a398.9m with Gladman Developments Limited. The customer contracts are amortised on a straight-line basis over the expected useful life of the contracts of ten years; the brands acquired are amortised on a straight-line basis over a 20-year period. Manufacturing rights were purchased for \u00a32.5m during the period. Impairment of goodwill and indefinite life brands The Group conducts an annual impairment review of goodwill and its indefinite life brands, David Wilson Homes and Redrow. Impairment of goodwill and indefinite life brands Impairment reviews for goodwill and the Group\u2019s indefinite life brands require an estimation of the value in use of the cash-generating units to which these assets are allocated. The value in use calculations require an estimate of expected future cash flows, including the anticipated growth rate of revenue and costs, and require the determination of a suitable discount rate to calculate the present value of the cash flows. The financial forecasts used reflect the outcomes that management considers most likely, based on the information available at the date of signing of these Financial Statements. Goodwill and indefinite life brands allocated to housebuilding An impairment review was performed at 30 April 2025 by comparing the value in use of the housebuilding business to the carrying value of its tangible and indefinite life intangible assets and allocated goodwill. The value in use was determined by discounting the expected future cash flows of the housebuilding business. The cash flows until the end of June 2028, being the three year period aligned to the Group\u2019s budgeting cycle, were determined using the Group\u2019s approved detailed business plan and the cash flows for FY29 and FY30 were derived from the Group\u2019s growth plan to deliver 22,000 total home completions in the medium term. The cash flows for subsequent 52 week periods were extrapolated in perpetuity using an estimated growth rate of 2.1% (2024: 2.1%) in line with the historical long-term growth rate of the UK economy. The key assumptions for the value in use calculation for the housebuilding business were: \u2022 expected changes in selling prices for completed houses and the related impact on operating margin: these are determined on a site-by-site basis in the Group\u2019s approved business plan dependent upon local market conditions and product type; \u2022 sales volumes: these are determined on a site-by-site basis in the Group\u2019s approved business plan dependent upon local market conditions, land availability and planning permissions; \u2022 expected changes in site costs to complete: these are determined on a site-by-site basis in the Group\u2019s approved business plan dependent upon the expected costs of completing all aspects of each individual development; and \u2022 discount rate: this is a pre-tax rate reflecting the average capital structure of similar market participants, risks appropriate to the housebuilding business and current market assessments of the time value of money. A rate of 12.2% (2024: 14.2%) is considered by the Directors to be the appropriate pre-tax discount rate. The result of the value in use exercise concluded that the recoverable value of goodwill and intangible assets allocated to the housebuilding business exceeded its carrying value by \u00a31,422.3m (2024: \u00a3819.7m) and there has been no impairment. Goodwill allocated to land promotion An impairment review was performed at 29 June 2025 by comparing the value in use of the land promotion business to the carrying value of its tangible and intangible assets and allocated goodwill. The value in use was determined by discounting the expected future cash flows of the land promotion business. The operating cycle for the land promotion business extends over a longer period than the housebuilding business, with land sales completing at the point in an economic cycle that generates the most profit. Inventories held at the current date may generate cash inflows in the medium to long term and, as a result, management\u2019s forecasts extend up to ten years from the reporting date. It is therefore appropriate to consider projections over a longer period in the value in use calculation. Cash flows until the end of June 2034 were determined using the business\u2019 approved forecast, dependent upon expected site permissions and best estimates for targeted site sales, anticipated spend and overhead inflation. Due to the sensitivity of cash flows of the land promotion business to the economic cycle, the cash flows for 52 week periods subsequent to 2034 were based on average sales receipts from the final 52 week periods of the forecast, adjusted for expected increases in cost, extrapolated in perpetuity using an estimated growth rate of 2.1% (2024: 2.1%) in line with the historical long-term growth rate of the UK economy. The key assumptions for the value in use calculation were the expected sales values achieved under land promotion agreements, based on current market values for similar land, costs required to fulfil customer contracts, and the discount rate of 12.2% (2024: 13.2%), being a pre-tax rate reflecting the risks appropriate to the land promotion business and current market assessments of the time value of money. The result of the value in use exercise concluded that the recoverable amount of goodwill allocated to the land promotion business exceeded its carrying value by \u00a3108.0m (2024: \u00a352.6m) and there has been no impairment. An increase in the discount rate of 430 bps would reduce the headroom of the recoverable amount over the carrying value to \u00a3nil.", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-466": { "value": "11. Goodwill and intangible assets Goodwill Goodwill Goodwill arising on consolidation (see note 10 for the Group policy on consolidation) represents the excess of the fair value of the consideration over the fair value of the separately identifiable assets and liabilities acquired. Goodwill arising on the acquisition of subsidiary undertakings and businesses is capitalised as an asset but reviewed for impairment at least annually. For the purpose of impairment testing, goodwill is allocated to the cash-generating unit, or group of cash-generating units, expected to benefit from the synergies of the combination at acquisition. While the cash-generating units within the housebuilding business are at a site level, management considers it to be more appropriate to review these for impairment as a group of cash-generating units rather than on an individual basis. As explained in note 10, the acquisition of Redrow is part of the Group\u2019s strategy to broaden its housebuilding offering and to realise synergies from integrating Redrow into the Group\u2019s single housebuilding operation. The integration of Redrow has progressed well in FY25 and will be fully completed in FY26. Consequently, the Redrow goodwill has been allocated to the Group\u2019s housebuilding business, reflecting how economic resources are allocated to develop land across the enlarged Group. Brand intangibles are also allocated to the housebuilding business when tested for impairment. Cash-generating units to which goodwill has been allocated are tested for impairment. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in the unit. Any impairment loss is recognised immediately in the Income Statement and is not subsequently reversed.
Group
29 June 30 June
2025 2024
\u00a3m \u00a3m
Cost
At 1 July
877.4
877.4
On acquisitions in the period
321.9
\u2014
At end of period
1,199.3
877.4
Accumulated impairment losses
At beginning and end of period
24.5
24.5
Carrying amount
At balance sheet date
1,174.8
852.9
During the period, the Group acquired all of the share capital of Redrow plc (note 10). Goodwill of \u00a3321.9m arising on the acquisition has been capitalised and allocated to the Group\u2019s housebuilding business. The Group\u2019s goodwill relating to the acquisition of Wilson Bowden Limited in 2007 has a carrying value of \u00a3792.2m and goodwill in respect of the 2019 acquisition of Oregon Timber Frame Limited has a carrying value of \u00a313.7m, both relating to the housebuilding business. In addition, the Group has goodwill of \u00a347.0m relating to the Group\u2019s land promotion business, following the 2022 acquisition of Gladman Developments Limited. Other intangible assets Brands The Group has capitalised, as intangible assets, brands that have been acquired. Acquired brand values are calculated using a relief-from-royalty method. Where a brand is considered to have a finite life, it is amortised over its estimated useful life on a straight-line basis. Where a brand is capitalised with an indefinite life, it is not amortised. The factors that contribute to the durability of brands capitalised are that there are no material legal, regulatory, contractual, competitive, economic or other factors that limit the useful lives of these intangible assets. Internally generated brands are not capitalised. The Group carries out an annual impairment review of indefinite life brands as part of the review of the carrying value of goodwill, by performing a value in use calculation, using a discount factor based upon the Group\u2019s pre-tax weighted average cost of capital which reflects the market\u2019s assessment of risk of the housebuilding business. Specific risks are reflected in forecast cashflows. Customer contract relationships The Group has capitalised, as intangible assets, acquired customer contract relationships. Customer contract relationships are valued at the present value of future cash flows and are amortised on a straight-line basis over ten years. Internally generated customer contract relationships are not capitalised. Customer contracts The Group has capitalised, as intangible assets, acquired customer contracts. Customer contracts are valued at the present value of future cash flows less contributory asset charges and are amortised on a straight-line basis in line with contract relationships at the acquisition date.
Group
Purchased
Customer manufacturing
Brands contracts
rights
Total
29 June 30 June 29 June 30 June 29 June 30 June 29 June 30 June
2025 2024 2025 2024 2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At beginning of period
118.7
118.7
98.9
98.9
\u2014
\u2014
217.6
217.6
Purchased in the
period
\u2014
\u2014
\u2014
\u2014
2.5
\u2014
2.5
\u2014
Acquired in the
period through the
acquisition of
Redrow plc (note 10)
231.8
\u2014
4.1
\u2014
\u2014
\u2014
235.9
\u2014
At end of period
350.5
118.7
103.0
98.9
2.5
\u2014
456.0
217.6
Amortisation
At start of period
9.2
8.7
23.9
14.0
\u2014
\u2014
33.1
22.7
Amortisation in
the period
0.5
0.5
14.0
9.9
\u2014
\u2014
14.5
10.4
At end of period
9.7
9.2
37.9
23.9
\u2014
\u2014
47.6
33.1
Carrying amount
At balance sheet date
340.8
109.5
65.1
75.0
2.5
\u2014
408.4
184.5
The Group does not amortise the David Wilson Homes housebuilding brand acquired with Wilson Bowden valued at \u00a3100.0m, or the Redrow brand valued at \u00a3231.8m as the Directors consider that these brands have an indefinite useful economic life due to the Group intending to hold and support the brands for an indefinite period, and there are no factors that would prevent it from doing so. In 2022, the Group acquired brands valued at \u00a310.8m and customer contracts valued at \u00a398.9m with Gladman Developments Limited. The customer contracts are amortised on a straight-line basis over the expected useful life of the contracts of ten years; the brands acquired are amortised on a straight-line basis over a 20-year period. Manufacturing rights were purchased for \u00a32.5m during the period. Impairment of goodwill and indefinite life brands The Group conducts an annual impairment review of goodwill and its indefinite life brands, David Wilson Homes and Redrow. Impairment of goodwill and indefinite life brands Impairment reviews for goodwill and the Group\u2019s indefinite life brands require an estimation of the value in use of the cash-generating units to which these assets are allocated. The value in use calculations require an estimate of expected future cash flows, including the anticipated growth rate of revenue and costs, and require the determination of a suitable discount rate to calculate the present value of the cash flows. The financial forecasts used reflect the outcomes that management considers most likely, based on the information available at the date of signing of these Financial Statements. Goodwill and indefinite life brands allocated to housebuilding An impairment review was performed at 30 April 2025 by comparing the value in use of the housebuilding business to the carrying value of its tangible and indefinite life intangible assets and allocated goodwill. The value in use was determined by discounting the expected future cash flows of the housebuilding business. The cash flows until the end of June 2028, being the three year period aligned to the Group\u2019s budgeting cycle, were determined using the Group\u2019s approved detailed business plan and the cash flows for FY29 and FY30 were derived from the Group\u2019s growth plan to deliver 22,000 total home completions in the medium term. The cash flows for subsequent 52 week periods were extrapolated in perpetuity using an estimated growth rate of 2.1% (2024: 2.1%) in line with the historical long-term growth rate of the UK economy. The key assumptions for the value in use calculation for the housebuilding business were: \u2022 expected changes in selling prices for completed houses and the related impact on operating margin: these are determined on a site-by-site basis in the Group\u2019s approved business plan dependent upon local market conditions and product type; \u2022 sales volumes: these are determined on a site-by-site basis in the Group\u2019s approved business plan dependent upon local market conditions, land availability and planning permissions; \u2022 expected changes in site costs to complete: these are determined on a site-by-site basis in the Group\u2019s approved business plan dependent upon the expected costs of completing all aspects of each individual development; and \u2022 discount rate: this is a pre-tax rate reflecting the average capital structure of similar market participants, risks appropriate to the housebuilding business and current market assessments of the time value of money. A rate of 12.2% (2024: 14.2%) is considered by the Directors to be the appropriate pre-tax discount rate. The result of the value in use exercise concluded that the recoverable value of goodwill and intangible assets allocated to the housebuilding business exceeded its carrying value by \u00a31,422.3m (2024: \u00a3819.7m) and there has been no impairment. Goodwill allocated to land promotion An impairment review was performed at 29 June 2025 by comparing the value in use of the land promotion business to the carrying value of its tangible and intangible assets and allocated goodwill. The value in use was determined by discounting the expected future cash flows of the land promotion business. The operating cycle for the land promotion business extends over a longer period than the housebuilding business, with land sales completing at the point in an economic cycle that generates the most profit. Inventories held at the current date may generate cash inflows in the medium to long term and, as a result, management\u2019s forecasts extend up to ten years from the reporting date. It is therefore appropriate to consider projections over a longer period in the value in use calculation. Cash flows until the end of June 2034 were determined using the business\u2019 approved forecast, dependent upon expected site permissions and best estimates for targeted site sales, anticipated spend and overhead inflation. Due to the sensitivity of cash flows of the land promotion business to the economic cycle, the cash flows for 52 week periods subsequent to 2034 were based on average sales receipts from the final 52 week periods of the forecast, adjusted for expected increases in cost, extrapolated in perpetuity using an estimated growth rate of 2.1% (2024: 2.1%) in line with the historical long-term growth rate of the UK economy. The key assumptions for the value in use calculation were the expected sales values achieved under land promotion agreements, based on current market values for similar land, costs required to fulfil customer contracts, and the discount rate of 12.2% (2024: 13.2%), being a pre-tax rate reflecting the risks appropriate to the land promotion business and current market assessments of the time value of money. The result of the value in use exercise concluded that the recoverable amount of goodwill allocated to the land promotion business exceeded its carrying value by \u00a3108.0m (2024: \u00a352.6m) and there has been no impairment. An increase in the discount rate of 430 bps would reduce the headroom of the recoverable amount over the carrying value to \u00a3nil.", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-437": { "value": "11. Goodwill and intangible assets Goodwill Goodwill Goodwill arising on consolidation (see note 10 for the Group policy on consolidation) represents the excess of the fair value of the consideration over the fair value of the separately identifiable assets and liabilities acquired. Goodwill arising on the acquisition of subsidiary undertakings and businesses is capitalised as an asset but reviewed for impairment at least annually. For the purpose of impairment testing, goodwill is allocated to the cash-generating unit, or group of cash-generating units, expected to benefit from the synergies of the combination at acquisition. While the cash-generating units within the housebuilding business are at a site level, management considers it to be more appropriate to review these for impairment as a group of cash-generating units rather than on an individual basis. As explained in note 10, the acquisition of Redrow is part of the Group\u2019s strategy to broaden its housebuilding offering and to realise synergies from integrating Redrow into the Group\u2019s single housebuilding operation. The integration of Redrow has progressed well in FY25 and will be fully completed in FY26. Consequently, the Redrow goodwill has been allocated to the Group\u2019s housebuilding business, reflecting how economic resources are allocated to develop land across the enlarged Group. Brand intangibles are also allocated to the housebuilding business when tested for impairment. Cash-generating units to which goodwill has been allocated are tested for impairment. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in the unit. Any impairment loss is recognised immediately in the Income Statement and is not subsequently reversed.
Group
29 June 30 June
2025 2024
\u00a3m \u00a3m
Cost
At 1 July
877.4
877.4
On acquisitions in the period
321.9
\u2014
At end of period
1,199.3
877.4
Accumulated impairment losses
At beginning and end of period
24.5
24.5
Carrying amount
At balance sheet date
1,174.8
852.9
During the period, the Group acquired all of the share capital of Redrow plc (note 10). Goodwill of \u00a3321.9m arising on the acquisition has been capitalised and allocated to the Group\u2019s housebuilding business. The Group\u2019s goodwill relating to the acquisition of Wilson Bowden Limited in 2007 has a carrying value of \u00a3792.2m and goodwill in respect of the 2019 acquisition of Oregon Timber Frame Limited has a carrying value of \u00a313.7m, both relating to the housebuilding business. In addition, the Group has goodwill of \u00a347.0m relating to the Group\u2019s land promotion business, following the 2022 acquisition of Gladman Developments Limited. Other intangible assets Brands The Group has capitalised, as intangible assets, brands that have been acquired. Acquired brand values are calculated using a relief-from-royalty method. Where a brand is considered to have a finite life, it is amortised over its estimated useful life on a straight-line basis. Where a brand is capitalised with an indefinite life, it is not amortised. The factors that contribute to the durability of brands capitalised are that there are no material legal, regulatory, contractual, competitive, economic or other factors that limit the useful lives of these intangible assets. Internally generated brands are not capitalised. The Group carries out an annual impairment review of indefinite life brands as part of the review of the carrying value of goodwill, by performing a value in use calculation, using a discount factor based upon the Group\u2019s pre-tax weighted average cost of capital which reflects the market\u2019s assessment of risk of the housebuilding business. Specific risks are reflected in forecast cashflows. Customer contract relationships The Group has capitalised, as intangible assets, acquired customer contract relationships. Customer contract relationships are valued at the present value of future cash flows and are amortised on a straight-line basis over ten years. Internally generated customer contract relationships are not capitalised. Customer contracts The Group has capitalised, as intangible assets, acquired customer contracts. Customer contracts are valued at the present value of future cash flows less contributory asset charges and are amortised on a straight-line basis in line with contract relationships at the acquisition date.
Group
Purchased
Customer manufacturing
Brands contracts
rights
Total
29 June 30 June 29 June 30 June 29 June 30 June 29 June 30 June
2025 2024 2025 2024 2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At beginning of period
118.7
118.7
98.9
98.9
\u2014
\u2014
217.6
217.6
Purchased in the
period
\u2014
\u2014
\u2014
\u2014
2.5
\u2014
2.5
\u2014
Acquired in the
period through the
acquisition of
Redrow plc (note 10)
231.8
\u2014
4.1
\u2014
\u2014
\u2014
235.9
\u2014
At end of period
350.5
118.7
103.0
98.9
2.5
\u2014
456.0
217.6
Amortisation
At start of period
9.2
8.7
23.9
14.0
\u2014
\u2014
33.1
22.7
Amortisation in
the period
0.5
0.5
14.0
9.9
\u2014
\u2014
14.5
10.4
At end of period
9.7
9.2
37.9
23.9
\u2014
\u2014
47.6
33.1
Carrying amount
At balance sheet date
340.8
109.5
65.1
75.0
2.5
\u2014
408.4
184.5
The Group does not amortise the David Wilson Homes housebuilding brand acquired with Wilson Bowden valued at \u00a3100.0m, or the Redrow brand valued at \u00a3231.8m as the Directors consider that these brands have an indefinite useful economic life due to the Group intending to hold and support the brands for an indefinite period, and there are no factors that would prevent it from doing so. In 2022, the Group acquired brands valued at \u00a310.8m and customer contracts valued at \u00a398.9m with Gladman Developments Limited. The customer contracts are amortised on a straight-line basis over the expected useful life of the contracts of ten years; the brands acquired are amortised on a straight-line basis over a 20-year period. Manufacturing rights were purchased for \u00a32.5m during the period. Impairment of goodwill and indefinite life brands The Group conducts an annual impairment review of goodwill and its indefinite life brands, David Wilson Homes and Redrow. Impairment of goodwill and indefinite life brands Impairment reviews for goodwill and the Group\u2019s indefinite life brands require an estimation of the value in use of the cash-generating units to which these assets are allocated. The value in use calculations require an estimate of expected future cash flows, including the anticipated growth rate of revenue and costs, and require the determination of a suitable discount rate to calculate the present value of the cash flows. The financial forecasts used reflect the outcomes that management considers most likely, based on the information available at the date of signing of these Financial Statements.
Goodwill and indefinite life brands allocated to housebuilding
An impairment review was performed at 30 April 2025 by comparing the value in use of the
housebuilding business to the carrying value of its tangible and indefinite life intangible assets
and allocated goodwill.
The value in use was determined by discounting the expected future cash flows of the
housebuilding business. The cash flows until the end of June 2028, being the three year period
aligned to the Group\u2019s budgeting cycle, were determined using the Group\u2019s approved detailed
business plan and the cash flows for FY29 and FY30 were derived from the Group\u2019s growth plan to
deliver 22,000 total home completions in the medium term. The cash flows for subsequent 52 week
periods were extrapolated in perpetuity using an estimated growth rate of 2.1% (2024: 2.1%) in line
with the historical long-term growth rate of the UK economy.
The key assumptions for the value in use calculation for the housebuilding business were:
\u2022 expected changes in selling prices for completed houses and the related impact on operating
margin: these are determined on a site-by-site basis in the Group\u2019s approved business plan
dependent upon local market conditions and product type;
\u2022 sales volumes: these are determined on a site-by-site basis in the Group\u2019s approved business
plan dependent upon local market conditions, land availability and planning permissions;
\u2022 expected changes in site costs to complete: these are determined on a site-by-site basis in the
Group\u2019s approved business plan dependent upon the expected costs of completing all aspects
of each individual development; and
\u2022 discount rate: this is a pre-tax rate reflecting the average capital structure of similar market
participants, risks appropriate to the housebuilding business and current market assessments
of the time value of money. A rate of 12.2% (2024: 14.2%) is considered by the Directors to be the
appropriate pre-tax discount rate.
The result of the value in use exercise concluded that the recoverable value of goodwill and
intangible assets allocated to the housebuilding business exceeded its carrying value by \u00a31,422.3m
(2024: \u00a3819.7m) and there has been no impairment.
Goodwill allocated to land promotion
An impairment review was performed at 29 June 2025 by comparing the value in use of the
land promotion business to the carrying value of its tangible and intangible assets and
allocated goodwill.
The value in use was determined by discounting the expected future cash flows of the land
promotion business. The operating cycle for the land promotion business extends over a longer
period than the housebuilding business, with land sales completing at the point in an economic
cycle that generates the most profit. Inventories held at the current date may generate cash
inflows in the medium to long term and, as a result, management\u2019s forecasts extend up to ten years
from the reporting date. It is therefore appropriate to consider projections over a longer period in
the value in use calculation. Cash flows until the end of June 2034 were determined using the
business\u2019 approved forecast, dependent upon expected site permissions and best estimates for
targeted site sales, anticipated spend and overhead inflation. Due to the sensitivity of cash flows of
the land promotion business to the economic cycle, the cash flows for 52 week periods subsequent
to 2034 were based on average sales receipts from the final 52 week periods of the forecast,
adjusted for expected increases in cost, extrapolated in perpetuity using an estimated growth rate
of 2.1% (2024: 2.1%) in line with the historical long-term growth rate of the UK economy.
The key assumptions for the value in use calculation were the expected sales values achieved
under land promotion agreements, based on current market values for similar land, costs required
to fulfil customer contracts, and the discount rate of 12.2% (2024: 13.2%), being a pre-tax rate
reflecting the risks appropriate to the land promotion business and current market assessments
of the time value of money.
The result of the value in use exercise concluded that the recoverable amount of goodwill allocated
to the land promotion business exceeded its carrying value by \u00a3108.0m (2024: \u00a352.6m) and there
has been no impairment. An increase in the discount rate of 430 bps would reduce the headroom
of the recoverable amount over the carrying value to \u00a3nil.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-539": { "value": "Goodwill Goodwill arising on consolidation (see note 10 for the Group policy on consolidation) represents the excess of the fair value of the consideration over the fair value of the separately identifiable assets and liabilities acquired. Goodwill arising on the acquisition of subsidiary undertakings and businesses is capitalised as an asset but reviewed for impairment at least annually. For the purpose of impairment testing, goodwill is allocated to the cash-generating unit, or group of cash-generating units, expected to benefit from the synergies of the combination at acquisition. While the cash-generating units within the housebuilding business are at a site level, management considers it to be more appropriate to review these for impairment as a group of cash-generating units rather than on an individual basis. As explained in note 10, the acquisition of Redrow is part of the Group\u2019s strategy to broaden its housebuilding offering and to realise synergies from integrating Redrow into the Group\u2019s single housebuilding operation. The integration of Redrow has progressed well in FY25 and will be fully completed in FY26. Consequently, the Redrow goodwill has been allocated to the Group\u2019s housebuilding business, reflecting how economic resources are allocated to develop land across the enlarged Group. Brand intangibles are also allocated to the housebuilding business when tested for impairment. Cash-generating units to which goodwill has been allocated are tested for impairment. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in the unit. Any impairment loss is recognised immediately in the Income Statement and is not subsequently reversed. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-516": { "value": "Goodwill Goodwill arising on consolidation (see note 10 for the Group policy on consolidation) represents the excess of the fair value of the consideration over the fair value of the separately identifiable assets and liabilities acquired. Goodwill arising on the acquisition of subsidiary undertakings and businesses is capitalised as an asset but reviewed for impairment at least annually. For the purpose of impairment testing, goodwill is allocated to the cash-generating unit, or group of cash-generating units, expected to benefit from the synergies of the combination at acquisition. While the cash-generating units within the housebuilding business are at a site level, management considers it to be more appropriate to review these for impairment as a group of cash-generating units rather than on an individual basis. As explained in note 10, the acquisition of Redrow is part of the Group\u2019s strategy to broaden its housebuilding offering and to realise synergies from integrating Redrow into the Group\u2019s single housebuilding operation. The integration of Redrow has progressed well in FY25 and will be fully completed in FY26. Consequently, the Redrow goodwill has been allocated to the Group\u2019s housebuilding business, reflecting how economic resources are allocated to develop land across the enlarged Group. Brand intangibles are also allocated to the housebuilding business when tested for impairment. Cash-generating units to which goodwill has been allocated are tested for impairment. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in the unit. Any impairment loss is recognised immediately in the Income Statement and is not subsequently reversed. Brands The Group has capitalised, as intangible assets, brands that have been acquired. Acquired brand values are calculated using a relief-from-royalty method. Where a brand is considered to have a finite life, it is amortised over its estimated useful life on a straight-line basis. Where a brand is capitalised with an indefinite life, it is not amortised. The factors that contribute to the durability of brands capitalised are that there are no material legal, regulatory, contractual, competitive, economic or other factors that limit the useful lives of these intangible assets. Internally generated brands are not capitalised. The Group carries out an annual impairment review of indefinite life brands as part of the review of the carrying value of goodwill, by performing a value in use calculation, using a discount factor based upon the Group\u2019s pre-tax weighted average cost of capital which reflects the market\u2019s assessment of risk of the housebuilding business. Specific risks are reflected in forecast cashflows. Customer contract relationships The Group has capitalised, as intangible assets, acquired customer contract relationships. Customer contract relationships are valued at the present value of future cash flows and are amortised on a straight-line basis over ten years. Internally generated customer contract relationships are not capitalised. Customer contracts The Group has capitalised, as intangible assets, acquired customer contracts. Customer contracts are valued at the present value of future cash flows less contributory asset charges and are amortised on a straight-line basis in line with contract relationships at the acquisition date. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-532": { "value": "Brands The Group has capitalised, as intangible assets, brands that have been acquired. Acquired brand values are calculated using a relief-from-royalty method. Where a brand is considered to have a finite life, it is amortised over its estimated useful life on a straight-line basis. Where a brand is capitalised with an indefinite life, it is not amortised. The factors that contribute to the durability of brands capitalised are that there are no material legal, regulatory, contractual, competitive, economic or other factors that limit the useful lives of these intangible assets. Internally generated brands are not capitalised. The Group carries out an annual impairment review of indefinite life brands as part of the review of the carrying value of goodwill, by performing a value in use calculation, using a discount factor based upon the Group\u2019s pre-tax weighted average cost of capital which reflects the market\u2019s assessment of risk of the housebuilding business. Specific risks are reflected in forecast cashflows. Customer contract relationships The Group has capitalised, as intangible assets, acquired customer contract relationships. Customer contract relationships are valued at the present value of future cash flows and are amortised on a straight-line basis over ten years. Internally generated customer contract relationships are not capitalised. Customer contracts The Group has capitalised, as intangible assets, acquired customer contracts. Customer contracts are valued at the present value of future cash flows less contributory asset charges and are amortised on a straight-line basis in line with contract relationships at the acquisition date. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-500": { "value": "Impairment of goodwill and indefinite life brands The Group conducts an annual impairment review of goodwill and its indefinite life brands, David Wilson Homes and Redrow. Impairment of goodwill and indefinite life brands Impairment reviews for goodwill and the Group\u2019s indefinite life brands require an estimation of the value in use of the cash-generating units to which these assets are allocated. The value in use calculations require an estimate of expected future cash flows, including the anticipated growth rate of revenue and costs, and require the determination of a suitable discount rate to calculate the present value of the cash flows. The financial forecasts used reflect the outcomes that management considers most likely, based on the information available at the date of signing of these Financial Statements. Goodwill and indefinite life brands allocated to housebuilding An impairment review was performed at 30 April 2025 by comparing the value in use of the housebuilding business to the carrying value of its tangible and indefinite life intangible assets and allocated goodwill. The value in use was determined by discounting the expected future cash flows of the housebuilding business. The cash flows until the end of June 2028, being the three year period aligned to the Group\u2019s budgeting cycle, were determined using the Group\u2019s approved detailed business plan and the cash flows for FY29 and FY30 were derived from the Group\u2019s growth plan to deliver 22,000 total home completions in the medium term. The cash flows for subsequent 52 week periods were extrapolated in perpetuity using an estimated growth rate of 2.1% (2024: 2.1%) in line with the historical long-term growth rate of the UK economy. The key assumptions for the value in use calculation for the housebuilding business were: \u2022 expected changes in selling prices for completed houses and the related impact on operating margin: these are determined on a site-by-site basis in the Group\u2019s approved business plan dependent upon local market conditions and product type; \u2022 sales volumes: these are determined on a site-by-site basis in the Group\u2019s approved business plan dependent upon local market conditions, land availability and planning permissions; \u2022 expected changes in site costs to complete: these are determined on a site-by-site basis in the Group\u2019s approved business plan dependent upon the expected costs of completing all aspects of each individual development; and \u2022 discount rate: this is a pre-tax rate reflecting the average capital structure of similar market participants, risks appropriate to the housebuilding business and current market assessments of the time value of money. A rate of 12.2% (2024: 14.2%) is considered by the Directors to be the appropriate pre-tax discount rate. The result of the value in use exercise concluded that the recoverable value of goodwill and intangible assets allocated to the housebuilding business exceeded its carrying value by \u00a31,422.3m (2024: \u00a3819.7m) and there has been no impairment. Goodwill allocated to land promotion An impairment review was performed at 29 June 2025 by comparing the value in use of the land promotion business to the carrying value of its tangible and intangible assets and allocated goodwill. The value in use was determined by discounting the expected future cash flows of the land promotion business. The operating cycle for the land promotion business extends over a longer period than the housebuilding business, with land sales completing at the point in an economic cycle that generates the most profit. Inventories held at the current date may generate cash inflows in the medium to long term and, as a result, management\u2019s forecasts extend up to ten years from the reporting date. It is therefore appropriate to consider projections over a longer period in the value in use calculation. Cash flows until the end of June 2034 were determined using the business\u2019 approved forecast, dependent upon expected site permissions and best estimates for targeted site sales, anticipated spend and overhead inflation. Due to the sensitivity of cash flows of the land promotion business to the economic cycle, the cash flows for 52 week periods subsequent to 2034 were based on average sales receipts from the final 52 week periods of the forecast, adjusted for expected increases in cost, extrapolated in perpetuity using an estimated growth rate of 2.1% (2024: 2.1%) in line with the historical long-term growth rate of the UK economy. The key assumptions for the value in use calculation were the expected sales values achieved under land promotion agreements, based on current market values for similar land, costs required to fulfil customer contracts, and the discount rate of 12.2% (2024: 13.2%), being a pre-tax rate reflecting the risks appropriate to the land promotion business and current market assessments of the time value of money. The result of the value in use exercise concluded that the recoverable amount of goodwill allocated to the land promotion business exceeded its carrying value by \u00a3108.0m (2024: \u00a352.6m) and there has been no impairment. An increase in the discount rate of 430 bps would reduce the headroom of the recoverable amount over the carrying value to \u00a3nil.", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-540": { "value": "Impairment of goodwill and indefinite life brands Impairment reviews for goodwill and the Group\u2019s indefinite life brands require an estimation of the value in use of the cash-generating units to which these assets are allocated. The value in use calculations require an estimate of expected future cash flows, including the anticipated growth rate of revenue and costs, and require the determination of a suitable discount rate to calculate the present value of the cash flows. The financial forecasts used reflect the outcomes that management considers most likely, based on the information available at the date of signing of these Financial Statements. Impairment A loss allowance is recognised for expected credit losses on financial assets as described in note 17. Any impairment is recognised immediately in the Income Statement. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-533": { "value": "Impairment of goodwill and indefinite life brands Impairment reviews for goodwill and the Group\u2019s indefinite life brands require an estimation of the value in use of the cash-generating units to which these assets are allocated. The value in use calculations require an estimate of expected future cash flows, including the anticipated growth rate of revenue and costs, and require the determination of a suitable discount rate to calculate the present value of the cash flows. The financial forecasts used reflect the outcomes that management considers most likely, based on the information available at the date of signing of these Financial Statements. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-438": { "value": "
12. Company investments in subsidiary undertakings
Company investments
The Company\u2019s interests in subsidiary undertakings are accounted for at cost less
accumulated provision for impairment, which is reviewed annually.
Where share-based payments are granted to the employees of subsidiary undertakings by
the Company, they are treated as a capital contribution to the subsidiary and the Company\u2019s
investment in the subsidiary is increased accordingly.
Company
29 June 30 June
2025 2024
\u00a3m \u00a3m
Cost:
Cost at the beginning of the period
3,183.0
3,177.7
Acquisition of Redrow plc (note 10)
2,528.9
\u2014
Disposal of investment in Redrow Limited (formerly Redrow plc) to
another Group company
(2,528.9)
\u2014
Disposal of investment in BDW Trading Limited to another Group
company
(3,011.4)
\u2014
Increase in investment in subsidiaries related to
share-based payments
1.9
5.3
At end of period
173.5
3,183.0
Impairment:
At beginning and end of the period
87.6
87.6
Net book value:
At balance sheet date
85.9
3,095.4
On 21 August 2024, the Group acquired 100% of the share capital of Redrow plc in an all share
transaction, for a total consideration of \u00a32,528.9m. Further details are provided in note 10.
The Company\u2019s investment in Redrow was subsequently transferred to another company within
the Group, Barratt Redrow Holdings Limited. The consideration was in the form of an intercompany
settlement that is due on demand (see note 17).
The Company also disposed of its investment in BDW Trading Limited to Barratt Redrow Holdings
Limited. The transaction was settled through intercompany and the intercompany receivable
balance is due on demand (see note 17).
", "dimensions": { "concept": "barrattdevelopments:DisclosureOfCompanyInvestmentsInSubsidiaryUndertakings", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-467": { "value": "13. Investments in jointly controlled entities A jointly controlled entity (joint venture or JV) is an entity, including unincorporated entities such as partnerships, in which the Group holds an interest with one or more other parties where a contractual arrangement has established joint control over the entity. The Group has no associated entities. Jointly controlled entities Investments in jointly controlled entities are accounted for using the equity method of accounting. The Group\u2019s share of the profit or loss of jointly controlled entities increases or decreases the carrying amount of the investment and long-term interests.
Group
29 June 30 June
2025 2024
Investments in JVs \u00a3m \u00a3m
At the beginning of the period
158.5
129.8
Increase in amounts invested in JVs
47.8
38.3
Repayment of investments in JVs
(24.2)
(4.8)
Dividends received from JVs
(6.1)
( 7.1)
Share of post-tax profit for the year from JVs
17.2
2.3
At end of period
193.2
158.5
There are no losses in any of the Group\u2019s JVs for which the Group\u2019s share of such losses has not been recognised by the Group. During the period, the Group entered into new JV agreements in respect of the MADE Partnership LLP, Places for People Barratt Redrow (Gilston) LLP and SNG BDW (Kingston Bagpuize) LLP. In addition, Britannia New Homes (Scotland) Limited and Paycause Limited were acquired through the Group\u2019s acquisition of Redrow plc during the period. The Company has no JVs. At 29 June 2025, the Group had interests in the following JVs:
Voting Principal Financial
Percentage rights Country of place of Principal year end
JV owned controlled registration business activity date
51 College Road LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Alie Street LLP
1
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Barratt Metropolitan LLP
2
75.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Barratt Wates (East Grinstead) Limited
50.0%
50.0%
England and Wales
UK
Holding company
30 June
Barratt Wates (East Grinstead No.2) Limited
1
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Barratt Wates (Horley) Limited
2
78.5%
50.0%
England and Wales
UK
Housebuilding
30 June
Barratt Wates (Lindfield) Limited
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Barratt Wates (Worthing) Limited
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
BDWZest Developments LLP
1
50.0%
50.0%
England and Wales
UK
Holding company
31 March*
BDWZest LLP
50.0%
50.0%
England and Wales
UK
Holding company
31 March*
Blackhorse Road Properties LLP
2
51.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Bollo Lane LLP
2
51.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Britannia New Homes (Scotland) Limited
50.0%
50.0%
Scotland
UK
Dormant
31 December*
Brooklands Milton Keynes LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
DWH/Wates (Thame) Limited
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Enderby Wharf LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Famous Five Glenfield limited
50.0%
50.0%
England and Wales
UK
Dormant
30 June
Fulham Wharf LLP
1
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Fulham Wharf One Limited
1
50.0%
50.0%
England and Wales
UK
Dormant
31 March*
Fulham Wharf Two Limited
1
50.0%
50.0%
England and Wales
UK
Dormant
31 March*
Harrow View LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Infinity Park Derby LLP
50.0%
50.0%
England and Wales
UK
Commercial development
30 June
MADE Partnership LLP
2
33.3%
33.3%
England and Wales
UK
Land development
30 June
Nine Elms LLP
1
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Voting Principal Financial
Percentage rights Country of place of Principal year end
JV owned controlled registration business activity date
Nine Elms One Limited
1
50.0%
50.0%
England and Wales
UK
Dormant
31 March*
Nine Elms Two Limited
1
50.0%
50.0%
England and Wales
UK
Dormant
31 March*
Old Sarum Park Properties Limited
50.0%
50.0%
England and Wales
UK
Dormant
30 June
Paycause Limited
33.3%
33.3%
England and Wales
UK
Non-trading
31 December*
Places for People Barratt Redrow (Gilston) LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Queensland Road LLP
1
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Ravenscraig Limited
2
33.3%
33.3%
Scotland
UK
Commercial development
31 December*
Ravenscraig Town Centre LLP
50.0%
50.0%
England and Wales
UK
Dormant
30 June
SNG BDW (Kingston Bagpuize) LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Sovereign BDW (Hutton Close) LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Sovereign BDW (Newbury) LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Wembley Park Properties LLP
2
51.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Wichelstowe LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
ZestBDW LLP
50.0%
50.0%
England and Wales
UK
Holding company
31 March*
* JV prepares Financial Statements which are non-coterminous with the Group in order to comply with the terms of their JV agreements and to align with the year ends and requirements of our JV partners. Judgements applied in determining the classification of joint arrangements 1 The Group\u2019s interests in a number of the entities classified as JVs are held indirectly: Barratt Wates (East Grinstead) No. 2 Limited is a wholly owned subsidiary of the Group\u2019s JV, Barratt Wates (East Grinstead) Limited, and is, therefore, classified as a JV of the Group. BDWZest Developments LLP, Alie Street LLP, Queensland Road LLP, Fulham Wharf LLP and Nine Elms LLP form a group of limited liability partnerships jointly owned (directly or indirectly) by BDWZest LLP and ZestBDW LLP, both of which are JVs of the Group. Nine Elms One Limited and Nine Elms Two Limited are wholly owned subsidiaries of Nine Elms LLP, and Fulham Wharf One Limited and Fulham Wharf Two Limited are wholly owned subsidiaries of Fulham Wharf LLP. All of these entities are, therefore, classified as JVs of the Group. 2 The Group holds five JV investments (Barratt Wates (Horley) Limited, Barratt Metropolitan LLP, Wembley Park Properties LLP, Blackhorse Road Properties LLP and Bollo Lane LLP) not in equal share, and three (Ravenscraig Limited, Paycause Limited and MADE Partnership LLP) with more than one other party. However, in each case, the Group has equal voting rights and control over the activities of the companies with the other parties. In addition, the Group and the other parties to the agreements only have rights to the net assets of these companies through the terms of the contractual arrangements. These entities are therefore classified as JVs. Registered offices The registered office of all of the entities in the preceding table, with the exception of those listed below, is: Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicestershire LE67 1UF. Enderby Wharf LLP: Here East, 13 East Bay Lane, 3rd Floor Press Centre, Queen Elizabeth Park, London E15 2GW. Sovereign BDW (Hutton Close) LLP and Sovereign BDW (Newbury) LLP: Sovereign House, Basing View, Basingstoke RG21 4FA. Ravenscraig Limited: 15 Atholl Crescent, Edinburgh EH3 8HA. Paycause Limited: Gate House, Turnpike Road, High Wycombe, Buckinghamshire HP12 3NR. Britannia New Homes (Scotland) Limited: Blairton House, Old Aberdeen Road, Balmedie, Aberdeenshire AB23 8SH. Places for People Barratt Redrow (Gilston) LLP: 1 Colmore Square, Birmingham B4 6AA.
Summarised financial information relating to the Group\u2019s JVs is as follows:
Harrow View
LLP
Other JVs
Group total
29 June 30 June 29 June 30 June 29 June 30 June
2025 2024 2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Income
37.6
24.9
237.8
180.6
275.4
205.5
Adjusted expenditure\u00b9
(37.1)
(25.4)
(201.6)
(149.7)
(238.7)
(175.1)
Cost associated with legacy properties
\u2014
\u2014
\u2014
(20.2)
\u2014
(20.2)
Net interest (payable)/receivable
\u2014
\u2014
(4.1)
(1.7)
(4.1)
(1.7)
0.5
(0.5)
32.1
9.0
32.6
8.5
Tax
\u2014
\u2014
0 .1
\u2014
0.1
\u2014
Profit/(loss) for the period, being total
comprehensive income/(expense)
0.5
(0.5)
32.2
9.0
32.7
8.5
Group share of profit/(loss) for the period
recognised in the Consolidated Income
Statement
0.3
(0.3)
16.9
2.6
17.2
2.3
Dividends received from JVs in the period
1.8
1.5
4.3
5.6
6 .1
7.1
Current assets
141.4
116.9
375.0
318.9
516.4
435.8
Non-current assets
\u2014
\u2014
6.3
7.3
6.3
7.3
Current liabilities
(10.4)
(7.8)
(231.3)
(249.7)
(241.7)
(257.5)
Non-current liabilities
\u2014
\u2014
(54.4)
(42.4)
(54.4)
(42.4)
Net assets/(liabilities) of JVs
131.0
109.1
95.6
34.1
226.6
143.2
Cash and cash equivalents included in the
above net assets
9.8
8.4
87.0
99.5
96.8
107.9
Group share of net assets/(liabilities)
recognised in the Consolidated Balance
Sheet at the balance sheet date
65.5
54.5
49.7
17.7
115.2
72.2
1 Adjusted expenditure is the total expenditure of the JV less costs and credits associated with legacy properties (see note 4 for the definition of adjusted items) .
A reconciliation of the Group\u2019s share of net assets to the carrying value of investments included in the Balance Sheet is presented below:
Group
29 June 30 June
2025 2024
\u00a3m \u00a3m
Group share of the net assets of its JVs
115.2
72.2
Group loans to JVs
78.0
86.3
Investment in JVs at balance sheet date
193.2
158.5
The Group has made loans, net of loss allowances, of \u00a378.0m (2024: \u00a386.3m) to its JVs, which are presented within Group investments. The loss allowances for Group loans to JVs are equal to 12-month expected credit losses unless there has been a significant increase in credit risk since the date of initial recognition, in which case the loss allowance is equal to the lifetime expected credit loss. A significant increase in credit risk is judged to have occurred if a review of available information indicates an increased probability of default. At 29 June 2025, the loss allowance is immaterial (2024: immaterial). Included within the Group\u2019s share of net assets of JVs is a proportion of the loans to the JVs (net of fair value adjustments made in one JV), calculated using the Group\u2019s ownership share, of \u00a371.3m (2024: \u00a385.3m). During the year, the Group entered into a number of transactions with its JVs in respect of funding and development management services (with charges made based on the utilisation of these services) in addition to the provision of construction services. Further details on these transactions are provided in note 30. The Group and Company have a number of contingent liabilities relating to their JVs. Further details on these are provided in note 29. The transfer of funds from the Group\u2019s JVs to the Group is determined by the terms of the JV agreements, which specify how available funds should be applied in repaying loans and capital and distributing profits to the partners. 33. Group subsidiary undertakings The entities listed below, and on the following pages, are subsidiaries of the Company or Group. All are registered in England and Wales or Scotland, with the exception of SQ Holdings Limited, which is registered in Guernsey. Unless otherwise stated, the results of these entities are consolidated within these Financial Statements. Audit exemption The following UK subsidiaries will take advantage of the audit exemption set out within Section 479A of the Companies Act 2006 for the 52 weeks ended 29 June 2025. The undertakings listed below are owned, either directly or indirectly, by Barratt Redrow plc (formerly Barratt Developments PLC).
Subsidiary
Company number
Acre Developments Limited
SC091934
Barratt Commercial Limited
00168039
Barratt Redrow Holdings Limited
15470952
Base East Central Rochdale LLP
OC318544
Base Hattersley LLP
OC318541
Base Regeneration LLP
OC318540
Basildon Regeneration (Barratt Wilson Bowden) Limited
05876010
BDW (F.R.) Limited
05876012
BDW (F.R. Commercial) Limited
05876013
BDW North Scotland Limited
SC027535
BLLQ LLP
OC411400
BLLQ2 Limited
12373138
David Wilson Homes Limited
00830271
HB (HDG) Limited
01990709
Harrow Estates plc
6825371
Milton Park Homes Limited
03787306
Redrow Real Estate Limited
03996541
Redrow Regeneration plc
5405272
The Waterford Park Company Limited
5429823
The Waterford Park Company (Balmoral) Limited
06047122
Wilson Bowden Limited
02059194
Yeovil Developments Limited
05285388
In accordance with Section 479C of the Companies Act 2006, the Company will guarantee the debts and liabilities of the above UK subsidiary undertakings. As at 29 June 2025, the total sum of these debts and liabilities is \u00a36.0bn. At 29 June 2025 the Group owned 100% of the ordinary share capital of the following subsidiaries:
Registered
Subsidiary
office
Notes
Acre Developments Limited
2
A
Advance Housing Limited
1
A
Ambrose Builders Limited
1
A
Barratt Bristol Limited
1
Barratt Central Limited
1
Barratt Chester Limited
1
A
Barratt Commercial Limited
1
Barratt Construction (Southern) Limited
1
A
Barratt Corporate Secretarial Services Limited
1
Barratt Developments (International) Limited
1
Barratt Dormant (Atlantic Quay) Limited
1
A
Barratt Dormant (Blackpool) Limited
1
A
Barratt Dormant (Harlow) Limited
1
A
Barratt Dormant (Tyers Bros. Oakham) Limited
1
A
Barratt Dormant (Walton) Limited
1
A
Barratt Dormant (WB Construction) Limited
1
A
Barratt Dormant (WB Developments) Limited
1
A
Barratt Dormant (WB Properties Developments)
1
A
Limited
Barratt Dormant (WB Properties Northern) Limited
1
A
Barratt East Anglia Limited
1
A
Barratt East Midlands Limited
1
Barratt East Scotland Limited
58
A
Barratt Eastern Counties Limited
1
A
Barratt Edinburgh Limited
2
A
Barratt Evolution Limited
1
A
Barratt Falkirk Limited
2
A
Barratt Leeds Limited
1
Barratt London Limited
1
Barratt Manchester Limited
1
A
Barratt Newcastle Limited
1
A
Barratt North London Limited
1
Barratt Northampton Limited
1
Barratt Northern Limited
1
Barratt Norwich Limited
1
A
Barratt Poppleton Limited
1
A
Barratt Preston Limited
1
A
Barratt Properties Limited
1
A
Barratt Redrow Holdings Limited
1
Registered
Subsidiary
office
Notes
Barratt Scottish Holdings Limited
2
A
Barratt South London Limited
1
Barratt South Wales Limited
1
Barratt South West Limited
1
A
Barratt Southern Counties Limited
1
Barratt Southern Limited
1
Barratt Southern Properties Limited
1
A
Barratt Special Projects Limited
1
A
Barratt St Mary\u2019s Limited
1
A
Barratt St Paul\u2019s Limited
1
A
Barratt Sutton Coldfield Limited
1
A
Barratt Trade And Property Company Limited
2
A
Barratt Urban Construction (East London) Limited
1
A
Barratt Urban Construction (Northern) Limited
1
A
Barratt Urban Construction (Scotland) Limited
2
A
Barratt West Midlands Limited
1
Barratt West Scotland Limited
2
Barratt Woking Limited
1
A
Barratt York Limited
1
Bart 225 Limited
1
A
Basildon Regeneration (Barratt Wilson Bowden) Limited
1
A
BDW (F.R.) Limited
1
A
BDW (F.R. Commercial) Limited
1
A
BDW North Scotland Limited
51
BDW Trading Limited
1
A
Bradgate Development Services Limited
1
A
Broad Oak Homes Limited
1
A
C V (Ward) Limited
1
A
Cadmoore Limited
65
A
Crossbourne Construction Limited
1
A
David Wilson Estates Limited
1
A
David Wilson Homes (Anglia) Limited
1
A
David Wilson Homes (East Midlands) Limited
1
A
David Wilson Homes (Home Counties) Limited
1
A
David Wilson Homes (North Midlands) Limited
1
A
David Wilson Homes (Northern) Limited
1
A
David Wilson Homes (South Midlands) Limited
1
A
David Wilson Homes (Southern) Limited
1
A
David Wilson Homes (Western) Limited
1
A
David Wilson Homes Land (No 10) Limited
1
A
David Wilson Homes Land (No 11) Limited
1
A
David Wilson Homes Land (No 13) Limited
1
A
Registered
Subsidiary
office
Notes
David Wilson Homes Land (No 14) Limited
1
A
David Wilson Homes Land (No 15) Limited
1
A
David Wilson Homes Limited
1
A
David Wilson Homes Services Limited
1
A
David Wilson Homes Yorkshire Limited
1
A
Debut Freeholds Limited
65
A
Decorfresh Projects Limited
1
A
Dicconson Holdings Limited
1
A
E. Barker Limited
1
A
E. Geary & Son Limited
1
A
English Oak Homes Limited
1
Francis (Springmeadows) Limited
1
A
Frenchay Developments Limited
1
A
G.D. Thorner (Construction) Limited
1
A
G.D. Thorner (Holdings) Limited
1
A
Gladman Developments Limited
1
A
Glasgow Trust Limited
2
A
Harrow Estates plc
65
A
Hartswood House Limited
1
Hawkstone (South West) Limited
1
A
HB (1995) Limited
84
A
HB (CD) Limited
65
A
HB (CPTS) Limited
65
A
HB (CSCT) Limited
84
A
HB (EM) Limited
65
A
HB (ESTN) Limited
65
A
HB (GRPS) Limited
65
A
HB (HDG) Limited
65
A
HB (Herne Bay No 1) Limited
65
A
HB (Herne Bay No 2) Limited
65
A
HB (LCS) Limited
84
A
HB (MID) Limited
65
A
HB (NW) Limited
65
A
HB (SC) Limited
84
A
HB (SE) Limited
65
A
HB (SM) Limited
65
A
HB (SN) Limited
65
A
HB (SW) Limited
65
A
HB (SWA) Limited
65
A
HB (WC) Limited
65
A
HB (WM) Limited
65
A
HB (WX) Limited
65
A
Registered
Subsidiary
office
Notes
HB (Y) Limited
65
A
Idle Works Limited
1
A
J.G. Parker Limited
1
A
James Harrison (Contracts) Limited
2
A
Janellis (No.2) Limited
1
A
Kealoha 11 Limited
1
A
Kealoha Limited
1
A
Kingsoak Homes Limited
1
Knightsdale Homes Limited
1
Lindmere Construction Limited
1
A
Marple Development Company Limited
1
A
Milton Park Homes Limited
1
A
Norfolk Garden Estates Limited
1
A
North West Land Developments Limited
1
A
Oregon Contract Management Limited
51
A
Oregon Timber Frame Limited
51
A
Oregon Timber Frame (England) Limited
1
A
PB0311
Limited
65
A
Poche Interior Design Limited
65
A
Radbourne Edge (Holdings) Limited
65
A
Radleigh Construction Limited
65
A
Radleigh (Hackwood) Limited
65
A
Radleigh Homes Limited
65
A
Redbourne Builders Limited
1
A
Redmira Limited
65
A
Redrow Construction Limited
65
A
Redrow Homes Limited
65
A
Redrow Homes East Midlands Limited
65
A
Redrow Homes (Park Heights) Limited
85
A
Redrow Homes (Wallyford) Limited
84
A
Redrow Langley Limited
65
A
Redrow Limited
65
A
Redrow Real Estate Limited
65
A
Redrow Regeneration plc
65
A
Redrow (Shareplan) Limited
65
A
Redrow (Sudbury) Limited
65
A
Roland Bardsley Homes Limited
1
A
Scothomes Limited
2
A
Scottish Homes Investment Company, Limited
2
A
Registered
Subsidiary
office
Notes
Skydream Property Co. Limited
1
A
Squires Bridge Homes Limited
1
A
Squires Bridge Limited
1
A
St David\u2019s Park Limited
65
A
Swift Properties Limited
1
A
Tay Homes (Midlands) Limited
65
A
Tay Homes (North West) Limited
65
A
Tay Homes (Northern) Limited
65
A
Tay Homes (Western) Limited
65
A
The French House Limited
1
A
The Waterford Park Company Limited
65
A
The Waterford Park Company (Balmoral) Limited
65
A
Tomnik Limited
1
A
Trencherwood Commercial Limited
1
A
Trencherwood Construction Limited
1
A
Trencherwood Developments Limited
1
A
Trencherwood Estates Limited
1
A
Trencherwood Group Services Limited
1
A
Trencherwood Homes (Holdings) Limited
1
A
Trencherwood Homes (Midlands) Limited
1
A
Trencherwood Homes (South Western) Limited
1
A
Trencherwood Homes (Southern) Limited
1
A
Trencherwood Homes Limited
1
A
Trencherwood Housing Developments Limited
1
A
Trencherwood Investments Limited
1
A
Trencherwood Land Holdings Limited
1
A
Trencherwood Land Limited
1
A
Trencherwood Retirement Homes Limited
1
A
Vizion (Milton Keynes) Limited
1
A
Ward Holdings Limited
1
A
Ward Homes (London) Limited
1
A
Ward Homes (North Thames) Limited
1
A
Ward Homes (South Eastern) Limited
1
A
Ward Homes Group Limited
1
A
Ward Homes Limited
1
A
Ward Insurance Services Limited
1
A
Wards Construction (Industrial) Limited
1
A
Wards Construction (Investments) Limited
1
A
Wards Country Houses Limited
1
A
Registered
Subsidiary
office
Notes
Waterton Tennis Centre Limited
29
A
William Corah & Son Limited
1
A
William Corah Joinery Limited
1
A
Wilson Bowden (Atlantic Quay Number 2) Limited
1
A
Wilson Bowden (Ravenscraig) Limited
1
Wilson Bowden City Homes Limited
1
A
Wilson Bowden Developments Limited
1
A
Wilson Bowden Group Services Limited
1
A
Wilson Bowden Limited
1
Yeovil Developments Limited
1
A
Subsidiaries of the Group which are management companies limited by guarantee:
Registered
Subsidiary
office
Notes
10-16 (Even) Miller Road Limited
57
A, B
254-257 Scholars Place Management Company
45
A, B
Limited
28-33 Imperial Park Management Company Limited
26
A, B
500
Chiswick High Road Energy Management
65
A, B
Company Limited
500
Chiswick High Road Management Company
65
A, B
Limited
69-75 (Odd) Miller Road Limited
57
A, B
Abbey Farm Blunsdon Management Company Limited
9
A, B
Abbey Gate Residents Management Company Limited
5
A, B
Abbey View Residents Management Company Limited
57
A, B
Abbey Walk and Abbey Fields Resident
65
A, B
Management Company Limited
Abbotts Green (Woolpit) Management Company
14
A, B
Limited
Abbotts Meadow (Steventon) Management
12
A, B
Company Limited
Adderbury Fields Management Company Limited
5
A, B
Afon Gardens Management Company
49
A, B
(Brynmenyn) Limited
Aldhelm Court Management Company Limited
30
A, B
All Saints Resident Management Company
65
A, B
Allerton Gardens Residents Management
65
A, B
Company Limited
Alltwen Gardens Phase 2 Management Company
49
A, B
(Pontardawe) Limited
Amber Fields Management Company
68
A, B
Amberswood Rise Management Company Limited
57
A, B
Ambion Way Burbage Management Company Limited
65
A, B
Ambler\u2019s Meadow (East Ardsley) Management
10
A, B
Company Limited
Amington Garden Village Management Company
65
A, B
Limited
Anvil Place Residents Management Company
20
A, B
Limited
Appledore Green Management Company Limited
70
A, B
Applegarth Manor (Oulton) Management
10
A, B
Company Limited
Registered
Subsidiary
office
Notes
Applegate (Sittingbourne) Management Company
8
A, B
Limited
Archers Park 1 Limited
68
A, B
Arden Fields (Bulkington) Maisonettes
65
A, B
Management Company Limited
Arden Fields (Bulkington) Management Company
54
A, B
Limited
Ashridge Grange (Wokingham) Management
10
A, B
Company Limited
Ashtree Grove Residents Management Company
6
A, B
Limited
Aylesham (Central) Residents Management
11
A, B
Company Limited
Aylesham Village (Barratt) Residents Management
79
A, B
Company Limited
B5 Central Residents Management Company
23
A, B
Limited
Badbury Park (Swindon) Management Company
80
A, B
Limited
Badbury Park (Swindon) No 3 Management
80
A, B
Company Limited
Baggeridge Village Management Company Limited
5
A, B
Balston House Management Company Limited
68
A, B
Barrow Farm Management Company Limited
32
A, B
Barum Knoll, Barnstaple Management Company
54
A, B
Limited
Beaufort Park (Wootton Bassett) Management
50
A, B
Limited
Beavans House Management Company Limited
54
A, B
Beck Lane, Sutton-in-Ashfield (The Hawthorns)
26
A, B
Management Company Limited
Belle Vue (Doncaster) Management Company Limited
63
A, B
Berkeley Dene Management Company Limited
65
A, B
Bermondsey Heights Residents Energy
4
A, B
Management Company Limited
Bermondsey Heights Residents Management
4
A, B
Company Limited
Berry Acres (Paignton) Management Company Limited
47
A, B
Bideford Management Company Limited
54
A, B
Bilberry Chase Residents Management Company
20
A, B
Limited
Registered
Subsidiary
office
Notes
Birds Marsh View Chippenham Apartment
13
A, B
Resident Management Company Limited
Bishop Fields (Hereford) Management Company
20
A, B
Limited
Bishop Meadows Management Company Limited
8
A, B
Bishop\u2019s Hill Residents Management Company Limited
23
A, B
Bishops Green (Wells) Management Company
30
A, B
Limited
Blackberry Park Residents Management Company
13
A, B
Limited
Blackdown Heights (Crimchard) Management
18
A, B
Company Limited
Blackhorse View Energy Centre Management Company
1
A, B
Blackhorse View Residents Management Company
86
A, B
Blackmore Down Management Company
81
A, B
(Shaftesbury) Limited
Blackthorn Management Company at Blossom
65
A, B
Park Limited
Blackwater Reach (Southminster) Management
52
A, B
Company Limited
Blaise Park Resident Management Company Limited
10
A, B
Bleriot Gate Addlestone Management Company
8
A, B
Limited
Blossom Park Management Company Limited
65
A, B
Blossomfields Residents Management Company
5
A, B
Limited
Bloxham Vale Management Company Limited
65
A, B
Bluebell Woods (Wyke) Management Company Limited
10
A, B
Blundells Grange Infrastructure Management
65
A, B
Company Limited
Blundells Grange Management Company Limited
65
A, B
Blythe House Management Company Limited
39
A, B
Bodington Manor (Adel) Management Company
9
A, B
Limited
Bowden Chase Residents Management Company
10
A, B
Limited
Bowds House Management Company Limited
54
A, B
Braid Park (Tiverton) Management Company Limited
40
A, B
Bramble Wood Residential Management Company
57
A, B
Limited
Brindley Park (Phase 2) Management Company Limited
8
A, B
Registered
Subsidiary
office
Notes
Brindsley (Old Mill Farm) Management Company
60
A, B
Limited
Brizen Management Company (Leckhampton) Limited
81
A, B
Broadstone Manor Diggle Apartments
18
A, B
Management Company Limited
Broadstone Manor Diggle Management Company
8
A, B
Limited
Broken Stone Road (Blackburn) Residents
57
A, B
Management Company Limited
Brooklands (Milton Keynes) Management
41
A, B
Company Limited
Brookside Meadows Phase 1B Residents
47
A, B
Management Company Limited
Brookwood Meadows (Westham) Management
57
A, B
Company Limited
Broughton Manor (Milton Keynes) Management
65
A, B
Company Limited
Brue Place Residents Management Company
10
A, B
Limited
Brun Lea Heights Resident Management Company
26
A, B
Limited
Bruneval Gardens (Wellesley) Management
10
A, B
Company Limited
Buckley Gardens (Melksham) Management
59
A, B
Company Limited
Buckshaw Village Management Company Limited
8
A, B
Bure Meadows (Aylsham) Management Company
10
A, B
Limited
Burlington Road Residents\u2019 Management
1
A, B
Company Limited
Calder Grange (Billington) Management Company
8
A, B
Limited
Calder Rise Residents Management Company Limited
26
A, B
Canal Quarter Resident Management Company
16
A, B
Limited
Cane Hill Park (Gateway) Management Company
53
A, B
Limited
Canes Meadow (Brixton) Management Company
40
A, B
Limited
Canford Paddock (Poole) Management Company
46
A, B
Limited
Carleton Chase Resident Management Company
64
A, B
Limited
Registered
Subsidiary
office
Notes
Carlton Green (Carlton) Management Company Limited
9
A, B
Carnegie Court Management Company (Bassaleg)
54
A, B
Limited
Castle Donington Residents Management
74
A, B
Company Limited
Castle Hill (DWH1) Residents Management
8
A, B
Company Limited
Castlegate & Mowbray Park Management
63
A, B
Company Limited
Cedar Ridge Management Company Limited
10
A, B
Central Area Heat Company Limited
12
A, B
Centurion Meadows (Burley) Management
54
A, B
Company Limited
Centurion Village Management Company Limited
57
A, B
Ceres Rise Residents Management Company Limited
16
A, B
Chalkers Rise (Peacehaven) Management
10
A, B
Company Limited
Chantry Mews Residents Management Company
26
A, B
Limited
Chapel Gate (Launceston) Management Company
40
A, B
Limited
Charfield Gardens Management Company Limited
10
A, B
Charlton Common Management Company (Filton)
65
A, B
Limited
Cherry Blossom Meadow (Newbury) Management
12
A, B
Company Limited
Cherry Management Company at Blossom Park
65
A, B
Limited
Churchfields (Green Hammerton) Management
75
A, B
Company Limited
Churchlands Management Company (Cardiff) Limited
57
A, B
Clarence Fields Management Company Limited
8
A, B
Clements Gate (Poringland 2) Management
54
A, B
Company Limited
Clipstone Park (Leighton Buzzard) Management
54
A, B
Company Limited
Coat Grove (Martock) Management Company Limited
40
A, B
Colindale Gardens (Blackheath and Bronze)
69
A, B
Management Company Limited
Colindale Gardens (Block C) Management
69
A, B
Company Limited
Registered
Subsidiary
office
Notes
Colindale Gardens (Block W) Management
65
A, B
Company Limited
Colindale Gardens (Block X) Management
65
A, B
Company Limited
Colindale Gardens (Building G) Management
69
A, B
Company Limited
Colindale Gardens (Dianthus) Management
65
A, B
Company Limited
Colindale Gardens (Lassen & Newington)
69
A, B
Management Company Limited
Colindale Gardens (Maple & May) Management
69
A, B
Company Limited
Colindale Gardens Energy Management Company
65
A, B
Limited
Colindale Gardens Estate Management Company
69
A, B
Limited
Colliers Court (Speedwell) Management Company
13
A, B
Limited
Compass Point (Swanage Grammar School)
46
A, B
Management Company Limited
Compass Point (Swanage) Management Company
46
A, B
Limited
Constable Gardens (Residents) Management
14
A, B
Company Limited
Corinthian Place Management Company Limited
54
A, B
Cottam Gardens Resident Management Company
57
A, B
Limited
Cottenham Grove Management Company Limited
10
A, B
Cranberry Gardens (Congleton) Management
26
A, B
Company Limited
Cringleford Heights Management Company Limited
61
A, B
Croft Gardens (Phase 2) Management Company
12
A, B
Limited
Cromwell Court Management Company
18
A, B
(Basingstoke) Limited
Crown Hill View Management Company Limited
65
A, B
Crown Wharf Residents\u2019 Management Company
1
A, B
Limited
Dale Side Meadows Management Company Limited
8
A, B
Daracombe Gardens Management Company Limited
54
A, B
Darenth House and Lord House Management
67
A, B
Company Limited
Registered
Subsidiary
office
Notes
Daresbury Garden Village Management Company
8
A, B
Limited
Darwin Green Management Company Limited
54
A, B
Davenport House Management Company Limited
68
A, B
Davington Park (No 1) Management Company Limited
10
A, B
Davington Park (No 2) Management Company Limited
10
A, B
De Cheney Gardens Management Company Limited
30
A, B
De Clare Management Company (Hendredenny)
65
A, B
Limited
De Havilland Place (Hatfield) Limited
22
A, B
De Lacy Fields KM12 Management Company
5
A, B
Limited
Delamere Park (Nunney) Management Company
13
A, B
Limited
Dickens Gate (Staplehurst) Management
8
A, B
Company Limited
Dida Gardens (Didcot) Management Company
12
A, B
Limited
Donnington Heights (Newbury) Management
12
A, B
Company Limited
Doseley Park Residents Management Company
5
A, B
Limited
Dover Meadows (Maghull) Management Company
8
A, B
Limited
Drayton Meadows Management Company Limited
23
A, B
Drovers Court (Micklefield) Management
9
A, B
Company Limited
Dunmore Road (Abingdon) Management Company
47
A, B
Limited
Dunstall Park (Tamworth) Residents Management
20
A, B
Company Limited
Durose Country Park Management Company Limited
8
A, B
Earls Court Farm Worcester Residents
65
A, B
Management Company Limited
Earls Park Management Company Limited
30
A, B
East Ham Market Energy Centre Management Company
54
A, B
East Ham Market Residents Management Company
54
A, B
Eastman Village Energy Centre Management
1
A, B
Company Limited
Eastman Village Residents Management Company
1
A, B
Limited
Eaton Green Heights Management Company Limited
10
A, B
Registered
Subsidiary
office
Notes
Ebbsfleet Green Estate Management Company Limited
68
A, B
Ecclesden Park (Angmering) Management
18
A, B
Company Limited
Edinburgh House Mill Apartments Management
67
A, B
Company Limited
Edwalton (Sharp Hill) Management Company Limited
54
A, B
Eldebury Place (Chertsey) Management Company
18
A, B
Limited
Elderflower Management Company at Blossom
65
A, B
Park Limited
Elderwood (Bannerdale) Management Company
9
A, B
Limited
Elm Green Management Company (Waterlooville)
65
A, B
Limited
Elm Tree Park (Rainworth) Management Company
9
A, B
Limited
Elworthy Place (Wiveliscombe) Management
47
A, B
Company Limited
Elysian Fields (Adel) Management Company Limited
10
A, B
Embden Grange (Tavistock) Management
40
A, B
Company Limited
Emmet\u2019s Reach (Birkenshaw) Management
54
A, B
Company Limited
Ersham Park (Hailsham) Management Company
10
A, B
Limited
Fairfield (Stony Stratford) Management Company
41
A, B
Limited
Fairfield Croft Management Company Limited
63
A, B
Fairway Gardens (Rustington) Management
28
A, B
Company Limited
Farndon Meadow Management Company Limited
54
A, B
Farrier Place \u2013 Canford Paddock Phase 2 (Poole)
46
A, B
Management Company Limited
Ferris House Management Company Limited
54
A, B
Fiddington Management Company Limited
32
A, B
Filwood Park Management Company Limited
13
A, B
Finchwood Park Management Company Limited
7
A, B
Fleetwood Harbour Management Company
8
A, B
Limited
Folliott\u2019s Manor Residents Management Company
20
A, B
Limited
Forest Walk, Whiteley Management Company Limited
48
A, B
Registered
Subsidiary
office
Notes
Foundry Lea (Bridport) Management Company
59
A, B
Limited
Fox Meadows Management Company Limited
8
A, B
Fradley Manor Management Company Limited
20
A, B
Francis Fields (Frome) Management Company
59
A, B
Limited
Franklin Gardens (Darwin Green) Management
14
A, B
Company Limited
Freemen\u2019s Meadow Residents Management
26
A, B
Company Limited
Frenchay Park (Apartment Block 1) Management
65
A, B
Company Limited
Frenchay Park (Apartment Block 2) Management
65
A, B
Company Limited
Frenchay Park (Apartment Block 3) Management
65
A, B
Company Limited
Frenchay Park (Apartment Block 4) Management
65
A, B
Company Limited
Frenchay Park (Apartment Block 8) Management
65
A, B
Company Limited
Frenchay Park Management Company Limited
65
A, B
Garnett Wharf (Otley) Management Company Limited
9
A, B
Gateway Residents Management Company Limited
58
A, B
Gerway Management Limited
40
A, B
Gilden Park (Old Harlow) Residents Management
8
A, B
Company Limited
Gillies Meadow (Basingstoke) Management
12
A, B
Company Limited
Gillingham Meadows Management Company
8
A, B
Limited
Gladstone Leigh Management Company Limited
8
A, B
Glenvale Park Management Company Limited
41
A, B
Glevum Green Management Company
81
A, B
(Gloucester) Limited
Goetre Uchaf Management Company Limited
10
A, B
Grace Fields (Hilton Grange) Management
8
A, B
Company Limited
Granby Meadows Management Company Limited
57
A, B
Grange Farm (Hartford) Management Company Limited
26
A, B
Grange Park (Hampsthwaite) Management
10
A, B
Company Limited
Registered
Subsidiary
office
Notes
Great Denham Park Phase 4 Residents Management
56
A, B
Company Limited
Great Dunmow Grange Management Company Limited
18
A, B
Great Milton Garden Park Management Company
65
A, B
(Llanwern) Limited
Greenways Management Company Limited
65
A, B
GWP Management Limited
65
A, B
H2363
Limited
59
A, B
Hackwood Management Company Limited
74
A, B
Hadley Grange Phase 4 Residents Management
10
A, B
Company Limited
Hallam Park Residents Management Company
23
A, B
Limited
Hamlet Park Management Company Limited
10
A, B
Hampden Meadows Residents Management
65
A, B
Company Limited
Hampton Water Management Company Limited
15
A, B
Hanwood Park Community Partnership Limited
17
A, B
Harbour Place (Bedhampton) Management
35
A, B
Company Limited
Harbourside (East Quay Apartments 13\u201321 &
29
A, B
31\u201339) Management Company Limited
Harclay Park Management Company Limited
57
A, B
Harlestone Grange (Dallington) Management
16
A, B
Company Limited
Harlow Gateway Limited
54
A, B
Hartley Brook (Netherton) Management
9
A, B
Company Limited
Harvest Rise Management Company
65
A, B
(Angmering) Limited
Haskins House Management Company Limited
54
A, B
Hawley Gardens Management Company Limited
36
A, B
Hawthorn Grove (Westham) Management
57
A, B
Company Limited
Hawthorn Rise (Newton Abbot) Management
54
A, B
Company Limited
Hayes Green Management Company Limited
54
A, B
Hayes Village Energy Centre Management
1
A, B
Company Limited
Hayes Village Resident Management Company Limited
1
A, B
Hazel Park Management Company Limited
65
A, B
Registered
Subsidiary
office
Notes
Heather Croft (Pickering) Management
9
A, B
Company Limited
Hedera Gardens Resident Management
10
A, B
Company Limited
Helme Ridge (Meltham) Management
54
A, B
Company Limited
Henbrook Gardens Management Company Limited
20
A, B
Hendon Waterside Energy Centre Management
1
A, B
Company Limited
Hendon Waterside Residents Management
1
A, B
Company Limited
Henmore Gardens Management Company Limited
8
A, B
Heritage Fields Residents Management
65
A, B
Company Limited
Heron House (Wichelstowe) Management
54
A, B
Company Limited
Heronden Grange Management Company Limited
68
A, B
Hesslewood Park Management Company Limited
10
A, B
Hewenden Ridge (Cullingworth) Management
9
A, B
Company Limited
Hidcote House Management Company Limited
54
A, B
High Elms Park (Hullbridge) Management
9
A, B
Company Limited
High Forest (New Waltham) Management
10
A, B
Company Limited
High Street Quarter Energy Centre Management
1
A, B
Company Limited
High Street Quarter Residents Management
1
A, B
Company Limited
Highflyer Management Co. Ltd
56
A, B
Highgrove Gardens (Romsey) Management
46
A, B
Company Limited
Highwood Green Management Company Limited
68
A, B
Hillside Gardens (Orchard RW) Residents
40
A, B
Management Company Limited
Holly Bush Court Midsummer Meadow
10
A, B
Management Company Limited
Holly Lodge (Stoneycroft) Management
8
A, B
Company Limited
Holly View (St Dials) Management Company Limited
18
A, B
Registered
Subsidiary
office
Notes
Hollygate Green (Hollygate Lane, Cotgrave)
16
A, B
Management Company Limited
Hollygate Park (Cotgrave) Management
16
A, B
Company Limited
Honeymans Helm (Highworth) Management
59
A, B
Company Limited
Hop Field Place Management Company (Alton) Limited
65
A, B
Hugglescote Grange (Redrow) Management
26
A, B
Company Limited
Infinity Park Derby Management Limited
1
A, B
Inglewhite Meadows Residents Management
8
A, B
Company Limited
Inkersall Road (Chesterfield) Management
9
A, B
Company Limited
Ivel Gardens Resident Management Company
65
A, B
Jenkins House Management Company Limited
54
A, B
Keeper\u2019s Meadow Residents Management
23
A, B
Company Limited
Kennet Heath Management (No. 3) Limited
49
A, B
Kennett Heath Management Limited
8
A, B
Kilners Grange (Tongham) Management
10
A, B
Company Limited
Kingfisher Meadow (Horsford) Management
61
A, B
Company Limited
Kingfisher Meadows Residents Management
23
A, B
Company Limited
Kings Chase Residents Management Company Limited
25
A, B
Kings Lodge (Hatfield) Management Company Limited
54
A, B
Kings Meadow Residents Management
10
A, B
Company Limited
Kingsbourne (Nantwich) Community Management
8
A, B
Company Limited
Kingsbourne (Nantwich) Community Management
8
A, B
Company Limited
Kingsbrook Estate Management Company Limited
16
A, B
Kingsdown Gate (Swindon) Management
13
A, B
Company Limited
Kingsland Park Management Company Limited
65
A, B
Kingsley Manor Management Company Limited
57
A, B
Kingston Grange House Management
6
A, B
Company Limited
Registered
Subsidiary
office
Notes
Kingston Heights Energy Management
65
A, B
Company Limited
Kipling Road (Ledbury) Residents Management
20
A, B
Company Limited
Knightlow Park Management Company Limited
10
A, B
Knights Park (Watton) Management Company Limited
54
A, B
Knights Rise (Temple Cloud) Management
30
A, B
Company Limited
Knights View (Landgold) Management
54
A, B
Company Limited
KP (Macclesfield) Residents Management
26
A, B
Company Limited
KW (Site B) Management Company Limited
12
A, B
Ladden Garden Village Apartment Blocks BCD
30
A, B
Management Company Limited
Ladden Garden Village Management Company Limited
30
A, B
Lancaster Gardens (Phase 2) Management
63
A, B
Company Limited
Lancaster Gardens Management Company Limited
63
A, B
Langham Mews Management Company Limited
44
A, B
Langley Grange Management Company Limited
75
A, B
Languard View (Dovercourt) Residents
14
A, B
Management Company Limited
Lapwing Green Resident Management
12
A, B
Company Limited
Lavant Views Management Company
8
A, B
(Chichester) Limited
Lavender Grange (Stondon) Residential
48
A, B
Management Company Limited
Lavendon Fields (Olney) Residents Management
57
A, B
Company Limited
Lawsonstead Management Company Limited
8
A, B
Lay Wood (Devizes) Management Company Limited
13
A, B
Ledsham Garden Village Management
8
A, B
Company Limited
Leestone Park Resident Management
65
A, B
Company Limited
Letcombe Gardens (Grove) Management
47
A, B
Company Limited
Lichfield City Wharf (Offices) Management
72
A, B
Company Limited
Registered
Subsidiary
office
Notes
Lightmakers Sydenham Residents\u2019 Management
1
A, B
Company Limited
Linmere (Houghton Regis) Residents
54
A, B
Management Company Limited
Lock Keeper\u2019s Gate (Low Barugh) Management
10
A, B
Company Limited
Locksbridge Park (Andover) Management
12
A, B
Company Limited
Lockwood Fields (Chidswell) Management
10
A, B
Company Limited
Lodge Park Management Company Limited
10
A, B
Lord House Management Company Limited
68
A, B
Low Street (Sherburn in Elmet) Management
71
A, B
Company Limited
Lubbesthorpe R5 Management Company Limited
60
A, B
Lucas Gardens Resident Management
65
A, B
Company Limited
Lucerne Fields (Ivybridge) Management
40
A, B
Company Limited
Luneside Mills (Apartments) Management
8
A, B
Company Limited
Luneside Mills Management Company Limited
8
A, B
Lyde View Residents Management Company Limited
10
A, B
Lymington (Bridge Road) Management
82
A, B
Company Limited
Macclesfield Road Management Company Limited
64
A, B
Madgwick Park Management Company Limited
46
A, B
Mallard Meadows Residents Management
56
A, B
Company Limited
Mandeville Crescent Management Company Limited
65
A, B
Manor Court Management Company (Rainham)
10
A, B
Limited
Manor Park (Rainham) Management Company Limited
10
A, B
Manor Place Management Company (Angmering)
65
A, B
Limited
Maple and Willow Management Company at
Westley Green Limited
10
A, B
Maple Walk Management Company (Liphook) Limited
18
A, B
Marham Park Management Company Limited
18
A, B
Market Warsop (Stonebridge Lane) Management
16
A, B
Company Limited
Registered
Subsidiary
office
Notes
Marston Park (Marston Moretaine) Management
41
A, B
Company Limited
Martello Lakes (Barratt) Resident Management
8
A, B
Company Limited
Martello Lakes (Hythe) Resident Management
8
A, B
Company Limited
Martingale Chase (Newbury) Management
8
A, B
Company Limited
Matrix Office Park Management Company Limited
65
A, B
Matrix Park (Plot 1100) Management Company
65
A, B
Limited
Matrix Park (Plot 3100) Management Company Limited
65
A, B
Matrix Park (Plot 3300) Management Company Limited
8
A, B
Matrix Park Management Company Limited
65
A, B
Meadow Gardens Management Company (Yapton)
65
A, B
Limited
Meadow Vale (Bradley Villa) Management
57
A, B
Company Limited
Meadow View Silver End Estate Management
10
A, B
Company Limited
Meadow View Watchfield Management
13
A, B
Company Limited
Meadowbrook (Tattenhall) Management
65
A, B
Company Limited
Meadowburne Place (Willingdon) Management
54
A, B
Company Limited
Meadowfields (Boroughbridge) Management
9
A, B
Company Limited
Melton Mowbray (Kirby Lane) Management
60
A, B
Company Limited
Merlin Gate (Newent) Management Company Limited
50
A, B
Mill Brook (Westbury) Management Company Limited
59
A, B
Mill Hill Bingham Management Company Limited
65
A, B
Mill Meadows Management Company
65
A, B
(Sudbrook) Limited
Millbrook Park (Phase 9) Energy Centre
1
A, B
Management Company Limited
Millbrook Park (Phase 9) Residents\u2019 Management
1
A, B
Company Limited
Millfields (Hackbridge) Management Company Limited
65
A, B
Millstone View Management Company Limited
65
A, B
Millview Park Management Company Limited
65
A, B
Registered
Subsidiary
office
Notes
Minerva (Apartments) Management Company Limited
40
A, B
Monarchs Keep (Bursledon) Management
46
A, B
Company Limited
Monchelsea Park (Bicknor House) Management
68
A, B
Company Limited
Monchelsea Park (Sutton House) Management
68
A, B
Company Limited
Monchelsea Park Management Company Limited
68
A, B
Monkton Heathfield Management Company Limited
65
A, B
Montague Park No2 (Buckhurst Farm)
12
A, B
Management Company Limited
Monument House Management Company Limited
54
A, B
Moorland Gate (Bishops Lydeard) Management
50
A, B
Company Limited
Morgan Court Management Company
54
A, B
(Churchlands) Limited
Mortimer Park (Driffield) Management Company
9
A, B
Limited
Mortimer Park Phase 2 and Porters Way
57
A, B
Residential Management Company Limited
Mortimer Place (Hatfield Peverel) Residents
14
A, B
Management Company Limited
Morton Meadows (Thornbury) Management
50
A, B
Company Limited
Mulberry Park Estate Management Company Limited
8
A, B
Nant Y Castell (Caldicot) Management
54
A, B
Company Limited
Needham\u2019s Grange Residents Management
20
A, B
Company Limited
Needingworth Park Residents Management
56
A, B
Company Limited
Nerrols Grange (Taunton) Management
13
A, B
Company Limited
Netherwood (Darfield) Management
54
A, B
Company Limited
New Heritage (Bordon) Management
46
A, B
Company Limited
New Mill Quarter (BL) Residents Management
8
A, B
Company Limited
New Mill Quarter Estate Resident Management
8
A, B
Company Limited
Newbery Corner Management Company Ltd
43
A, B
Registered
Subsidiary
office
Notes
Newton Garden Village Management
65
A, B
Company Limited
Nicker Hill (Redrow) Management Company Limited
65
A, B
Nightingale Woods (Wendover) Residential
42
A, B
Management Company Limited
Niveus Walk Management Company Limited
7
A, B
North Abington Management Company Limited
47
A, B
Northfield Park (Patchway) Management
32
A, B
Company Limited
Northop Park Management Company Limited
26
A, B
Northstowe Residents Management Company Limited
54
A, B
Northwalls Grange (Taunton) Management
30
A, B
Company Limited
Norton Farm Management Company Limited
20
A, B
Notton Wood View (Royston) Management
54
A, B
Company Limited
Nursery Fields (North Bersted)
57
A, B
Management Company
Oak and Sycamore Management Company
10
A, B
at Westley Green Limited
Oak Hill Mews Management Company Limited
20
A, B
Oak Leigh Gardens (Barrow) Management
8
A, B
Company Limited
Oakfield Village Estate Management Company Limited
16
A, B
Oaklands (Pontefract) Management Company Limited
9
A, B
Oaklands Park (Ashbourne) Management
74
A, B
Company Limited
Oaklands Park Thundersley Management
10
A, B
Company Limited
Oakleigh Fields Cliffe Woods Management
65
A, B
Company Limited
Oakwood Fields Management Company Limited
8
A, B
Oatley Park Management Company Limited
62
A, B
Okement Park (Okehampton) Management
54
A, B
Company Limited
Oldfield Park (Poulton) Management Company
8
A, B
Limited
Olive Park Residents Management Company Limited
17
A, B
Orchard 1 Management Company Limited
10
A, B
Orchard Gate (Kingston Bagpuize) Management
18
A, B
Company Limited
Orchard Green Estate Management Company Limited
16
A, B
Registered
Subsidiary
office
Notes
Orchard Meadows (Appleton) Management
45
A, B
Company Limited
Orchid Place Management Company
65
A, B
(Warfield) Limited
Orleigh Cross Management Company
49
A, B
(Newton Abbot) Limited
Oughtibridge Valley (Oughtibridge) Management
9
A, B
Company Limited
Overstone Gate Residents Management
56
A, B
Company Limited
Padcroft (West Drayton) Energy Management
69
A, B
Company Limited
Padcroft (West Drayton) Management
69
A, B
Company Limited
Paddock Green (East Hoathly) Management
65
A, B
Company Limited
Parc Coleg Management Company (Caerleon) Limited
65
A, B
Parc Elisabeth Management Company
65
A, B
(Newport) Limited
Parc Fferm Wen (St Athan) Management
54
A, B
Company Limited
Parish Brook Residents Management Company Limited
32
A, B
Parisian Court at Rosedale Park Management
18
A, B
Company Limited
Park Farm (Thornbury) Community Interest Company
30
A, B
Park View Hinckley Management Company Limited
65
A, B
Patch Meadows (Somerton) Management
30
A, B
Company Limited
Pates House Management Company Limited
39
A, B
Pavilion Square (Phase 2) Management
63
A, B
Company Limited
Pavilion Square (Pocklington) Management
63
A, B
Company Limited
Pear Tree Meadows Management Company Limited
8
A, B
Peasedown Meadows Management Company Limited
30
A, B
Pebble Walk (Hayling Island) Management
54
A, B
Company Limited
Pembridge Park (Phase 2) Management
26
A, B
Company Limited
Pembroke Park (Cirencester) Management
30
A, B
Company Limited
Pen Bethan (Falmouth) Management Company Limited
18
A, B
Registered
Subsidiary
office
Notes
Penndrumm (Looe) Management Company Limited
40
A, B
Pennine Grange Management Company Limited
65
A, B
Penning Ridge (Penistone) Management
9
A, B
Company Limited
Pentref Llewelyn (Penllergaer) Management
10
A, B
Company Limited
Perry Court (Faversham) Management
54
A, B
Company Limited
Phase 3 Clark Drive 2 LGV Management
32
A, B
Company Limited
Phase 3 Clark Drive LGV Management
32
A, B
Company Limited
Phoenix And Scorseby Park Management
63
A, B
Company Limited
Phoenix Quarter \u2014 Apt \u2014 Management
49
A, B
Company Limited
Phoenix Quarter Estate Management Company Limited
49
A, B
Pilgrims Chase Resident Management
73
A, B
Company Limited
Pine and Cedar Management Company at Westley
10
A, B
Green Limited
Pinewood Park (Formby) Management
57
A, B
Company Limited
Pinn Brook Park (Monkerton) Management
40
A, B
Company Limited
PL2 Plymouth (2016) Limited
40
A, B
Plasdwr Management Company Limited
77
A, B
Platinum Place Trowbridge Management
13
A, B
Company Limited
Plaza Court Ebbsfleet Management Company Limited
68
A, B
Poets Grange Apartments Management
54
A, B
Company Limited
Polden Orchard Management Company
65
A, B
(Puriton) Limited
Poppy Fields (Cottingham) Management
63
A, B
Company Limited
Poppy Fields (Rotherham) Management
65
A, B
Company Limited
Portman Square West Village Reading
12
A, B
Management Company Limited
Preston Fields Management Company Limited
65
A, B
Priestley House Management Company Limited
54
A, B
Registered
Subsidiary
office
Notes
Primrose Gardens Resident Management
65
A, B
Company Limited
Priory Fields (Pontefract) Management
10
A, B
Company Limited
Priory Park and Church View Management
65
A, B
Company Limited
Prospect Rise (Whitby) Management Company Limited
63
A, B
Quarter Jack Park (Wimborne) Management
46
A, B
Company Limited
Quarter Jack Park Management Company Limited
55
A, B
Quorn Lodge Residents Management Company
26
A, B
Raleigh Holt (Barnstaple) Management
47
A, B
Company Limited
Ramsey Park Residents Management Company Limited
56
A, B
Ratio 1 Management Company Limited
67
A, B
Ratio 2 Management Company Limited
67
A, B
Ratio 3 Management Company Limited
67
A, B
Ratio 4 Management Company Limited
67
A, B
Ratio 5 Management Company Limited
67
A, B
Ravenhill Park Management Company Limited
20
A, B
Rayne Gardens Management Company Limited
68
A, B
Redhayes Management Company Limited
40
A, B
Redrow@Cityfields Management Company Limited
8
A, B
Redwood Heights (Plymouth) Management
40
A, B
Company Limited
Regents Court Bishops Stortford Management
10
A, B
Company Limited
Regents Quay Management Company Limited
68
A, B
Residents Management Company (Beaconside) Limited
57
A, B
Richmond Park (Whitfield) Residents Management
8
A, B
Company Limited
Ridgeway Views Energy Centre Management
54
A, B
Company Limited
Ridgeway Views Residents Management Company
54
A, B
River Meadow Barratt (Stanford in the Vale)
12
A, B
Management Company Limited
River Whitewater Management Company
10
A, B
(Hook) Limited
Riverdown Park (Salisbury) Management
54
A, B
Company Limited
Registered
Subsidiary
office
Notes
Riverside Grange (Farmbridge) Management
9
A, B
Company Limited
Riverwalk Apartments (Kingston) Management
69
A, B
Company Limited
Roman Walk (Minster) Resident Management
11
A, B
Company Limited
Romans Edge Godmanchester Management
54
A, B
Company Limited
Romans Walk Webheath Management
65
A, B
Company Limited
Romans\u2019 Quarter (Bingham) Residential
16
A, B
Management Company Limited
Romans Quarter (Gillingham) Residents
55
A, B
Management Company Limited
Romansfield Management Company
81
A, B
(Okehampton) Limited
Rose and Lillies Residents Management
57
A, B
Company Limited
Rosewood Park Bexhill Residents Management
3
A, B
Company Limited
Rothley Lodge Residents Management
26
A, B
Company Limited
Roundhill Gardens Residents Management
57
A, B
Company Limited
Roundwood (Garforth) Management Company Limited
8
A, B
Russet Park Residential Management
57
A, B
Company Limited
RV North Petherton Residents Management
32
A, B
Company Limited
Ryarsh Park Management Company Limited
10
A, B
Ryebank Gate (Yapton) Management
28
A, B
Company Limited
Saddleworth View Management Company Limited
8
A, B
Salters Brook (Cudworth) Management
54
A, B
Company Limited
Sanderling Park Management Company Limited
8
A, B
Sanderson Park Resident Management Company
76
A, B
Sandridge Place (Melksham) Management
10
A, B
Company Limited
Saunderson Gardens Management Co Limited
10
A, B
Sawbridge Park (Sawbridgeworth) Management
16
A, B
Company Limited
Registered
Subsidiary
office
Notes
Saxon Corner (Emsworth) Management
46
A, B
Company Limited
Saxon Dean (Silsden) Management
10
A, B
Company Limited
Saxon Fields (Cullompton) Management
40
A, B
Company Limited
Saxon Fields (Thanington) Management
11
A, B
Company Limited
Saxon Gate (Stamford Bridge) Management
63
A, B
Company Limited
Saxon Meadows (Market Harborough)
8
A, B
Management Company Limited
Saxon Woods Management Company Limited
10
A, B
Scholars Walk Management Company
54
A, B
(Hereford) Limited
Scotgate Ridge (Honley) Management
54
A, B
Company Limited
Shaftmoor Land Residents Management
20
A, B
Company Limited
Sholden Meadows (Deal) Resident Management
11
A, B
Company Limited
Silkwood Gate (Wakefield) Management
9
A, B
Company Limited
Silverbrook Meadow Residents Management
65
A, B
Company Limited
Somerhill Green Management Company Limited
10
A, B
Spinney Fields Residents Management
5
A, B
Company Limited
Spitfire Green (Manston) Residents Management
49
A, B
Company Limited
Spring Valley View (Clayton) Management
10
A, B
Company Limited
Springfield Place Resident Management
54
A, B
Company Limited
Springfields (Highburton) Management
65
A, B
Company Limited
St Andrews Park 1 Limited
68
A, B
St Andrews Park 2 Limited
68
A, B
St Andrews Park 3 Limited
68
A, B
St Andrews Park 4 Limited
68
A, B
St Andrews Park 5 Limited
68
A, B
Registered
Subsidiary
office
Notes
St Andrews View (Morley) Management Co.
54
A, B
Limited
St David\u2019s Meadow Management Company
78
A, B
(Colwinston) Limited
St James Gardens (Wick) Management
29
A, B
Company Limited
St James Management Company Limited
9
A, B
St Johns View Residents Management
57
A, B
Company Limited
St Mary\u2019s Park (No. 3) Management Company
49
A, B
Limited
St Nicholas Mews Basildon Management
10
A, B
Company Limited
St Rumbolds Fields Management Company Limited
16
A, B
St. Andrews Park 6 Limited
68
A, B
St. Andrews Park 7 Limited
68
A, B
St. Andrews Place (Morley) Management Co. Limited
54
A, B
St. John\u2019s Walk (Hoylandswaine) Management
54
A, B
Company Limited
St. John's Mews (Wakefield) Management
8
A, B
Company Limited
St. Mary\u2019s Park (Hartley Wintney) Management
54
A, B
Company Limited
St. Michael's Meadow Management Company
65
A, B
(Alphington) Limited
St. Oswald\u2019s View (Methley) Management
9
A, B
Company Limited
Stallard House Management Company Limited
39
A, B
Steeple Chase Management Company
49
A, B
(Calne) Limited
Stewarts Reach and Wolds View Residential
9
A, B
Management Company Limited
Stone Hill Meadow Management Company Limited
65
A, B
Stoney Chase Management Company Limited
66
A, B
Stotfold Park Management Company Limited
10
A, B
Summersfield (Papworth) Management
41
A, B
Company Limited
Sundial Place Residents Management
57
A, B
Company Limited
Sutton Woods Management Company Limited
68
A, B
Swallows Field (Hemel Hempstead) Management
22
A, B
Company Ltd
Registered
Subsidiary
office
Notes
Swan Mill (Newbury) Management Company Limited
12
A, B
Swanland Heights Management Company Limited
57
A, B
Swinbrook Park (Carterton) Management
12
A, B
Company Limited
Switherland Lodge Residents Management
26
A, B
Company Limited
Sycamore Manor (Whittle-le-Woods) Management
8
A, B
Company Limited
Sydney Place (Crewe) Management Company Limited
57
A, B
Tabley Green Management Company Limited
8
A, B
Tabley Park Residents Management Company Limited
8
A, B
Talbot and Clockmakers Management Company Limited
23
A, B
Tarka Ridge (Yelland) Management Company Limited
47
A, B
Tascroft Rise Phase 3 Management Company
10
A, B
(Warminster) Limited
Tascroft Rise Phase 4 Management Company
10
A, B
(Warminster) Limited
Taylor's Chase Management Company Limited
8
A, B
Templar\u2019s Chase (Wetherby) Management
9
A, B
Company Limited
Temple Wharf Management Company Limited
10
A, B
Temple Woods Management Company Limited
10
A, B
The Acorns (Altrincham) Management
66
A, B
Company Limited
The Acorns and Hunters Wood Management
54
A, B
Company Limited
The Belt Open Space Management Co Limited
63
A, B
The Brambles Dunmow Management
10
A, B
Company Limited
The Bridleways (Eccleshill) Management
54
A, B
Company Limited
The Causeway Park (Petersfield) Management
34
A, B
Company Limited
The Chase (Newbury) Management
12
A, B
Company Limited
The Chocolate Works Management Company Limited
37
A, B
The Coppice Sutton Road Maidstone Management
68
A, B
Company Limited
The Courtyard (Darwin Green) Management
16
A, B
Company Limited
The Elms (Wells) Management Company Limited
59
A, B
Registered
Subsidiary
office
Notes
The Fairways Herne Bay Management
68
A, B
Company Limited
The Finches (Hilton Grange) Management
8
A, B
Company Limited
The Furlongs (Westergate) Management
46
A, B
Company Limited
The Glassworks (Catcliffe) Management
10
A, B
Company Limited
The Grange (Lightcliffe) Management
10
A, B
Company Limited
The Hamlets Management Company Limited
55
A, B
The Harringtons Management Company
49
A, B
(Exeter) Limited
The Hedgerows (Clayton) Management
8
A, B
Company Limited
The Hoplands Management Company Limited
68
A, B
The Hunters and Weavers Management
26
A, B
Company Limited
The Lakes (Curborough) Management
65
A, B
Company Limited
The Lakes Management Company
13
A, B
(South Cerney) Limited
The Landings (Manston) Management
65
A, B
Company Limited
The Lanes Springfield Residents\u2019 Management
1
A, B
Company Limited
The Lawns (Kennington Road) Management
10
A, B
Company Limited
The Lawns Preston Hall Management
10
A, B
Company Limited
The Library (Darwin Green) Management
16
A, B
Company Limited
The Loftings Management Company
8
A, B
(Maidenhead) Limited
The Maltings (Haddenham) Management
65
A, B
Company Limited
The Maltings Management Company
54
A, B
(Llantarnam) Limited
The Maples Buntingford Management
10
A, B
Company Limited
The Meads (Frampton Cotterell) Management
13
A, B
Company Limited
The Mill at Springfield Management Company Limited
68
A, B
Registered
Subsidiary
office
Notes
The Mounts Residents Management
5
A, B
Company Limited
The Nook (Etwall) Management Company Limited
65
A, B
The Old Meadow Management Company Limited
47
A, B
The Orchards (Hildersley) Management
10
A, B
Company Limited
The Paddocks (Skelmanthorpe) Management
10
A, B
Company Limited
The Paddocks (Southmoor) Management
12
A, B
Company Limited
The Parklands (Birmingham) Management
65
A, B
Company Limited
The Parsonage Marden Management
68
A, B
Company Limited
The Pastures (Knaresborough) Management
63
A, B
Company Limited
The Pastures Residents Management
10
A, B
Company Limited
The Pavilions Management Company
46
A, B
(Southampton) Limited
The Pavilions Resident Management
57
A, B
Company Limited
The Pearls Residents Management
20
A, B
Company Limited
The Point (Thorpe) Management Company Limited
66
A, B
The Poppies (Maidstone) Residents Management
8
A, B
Company Limited
The Shires Bulphan Estate Management
68
A, B
Company Limited
The Spires (Chesterfield) Management
26
A, B
Company Limited
The Stables (Hollygate Lane, Cotgrave)
16
A, B
Management Company Limited
The Steeples (Barton) Management Company Limited
54
A, B
The Vineyards Management Company Limited
30
A, B
The Watchmakers Residents Management
20
A, B
Company Limited
The West Works (Southall) Energy Management
54
A, B
Company Limited
The West Works (Southall) Management
54
A, B
Company Limited
Registered
Subsidiary
office
Notes
The Woodlands (Sturry) Management
11
A, B
Company Limited
The Woodlands Residential Management
57
A, B
Company Limited
Thornbury Gardens Dinnington Management
10
A, B
Company Limited
Tinkinswood Green Management Company Limited
54
A, B
Tranby Fields Management Company Limited
10
A, B
Treledan (Saltash) Management Company Limited
54
A, B
Trumpington (Phase 8\u201411) Management Company
10
A, B
Limited
Trumpington Meadows Residents Management
10
A, B
Company Limited
Trumpington Vista Management Company Limited
16
A, B
Tudor Meadow Resident Management
65
A, B
Company Limited
Ty Newydd Management Company (Wrexham) Limited
10
A, B
Union Park (Falmouth) Management Company Limited
40
A, B
Upton Gardens Energy Centre Management Company
1
A, B
Upton Gardens Residents Management Company
54
A, B
Vicarage Fields Management Company Limited
68
A, B
Victoria Heights (Alphington) Management
40
A, B
Company Limited
Wadsworth Gardens (Cleckheaton) Management
54
A, B
Company Limited
Waite House Management Company Limited
1
A, B
Waldmers Wood Management Company Limited
57
A, B
Warboys Management Company Limited
38
A, B
Waterside Affinity (Waverley) Management
10
A, B
Company Limited
Waterside (The Quays Barry) Management
29
A, B
Company Number 1 Limited
Waterside (The Quays Barry) Management
29
A, B
Company Number 2 Limited
Waterside (The Quays Barry) Management
29
A, B
Company Number 3 Limited
Waterside Reach Management Company Limited
10
A, B
Waterside Trentham Residents Management
57
A, B
Company Limited
Watkin Road Energy Centre Management Company
54
A, B
Watkin Road Residents Management Company
54
A, B
Registered
Subsidiary
office
Notes
Watling House Management Company Limited
67
A, B
Wayland Fields Residents Management
61
A, B
Company Limited
WBD (Kingsway Management) Limited
1
A, B
Weavers Chase (Golcar) Management
9
A, B
Company Limited
Webheath (Redditch) Management Company Limited
54
A, B
Wedgwood Residents Management Company Limited
5
A, B
Wellington Place (Fradley) Management
65
A, B
Company Limited
Wendel View Residents Management
10
A, B
Company Limited
Westbourne Place Energy Management
13
A, B
Company Limited
Westbourne Place Management Company Limited
13
A, B
Westbridge Park (Auckley) Management
26
A, B
Company Limited
Westgate House Ebbsfleet Management
68
A, B
Company Limited
Westley Green Management Company Limited
10
A, B
Westminster View (Clayton) Management
10
A, B
Company Limited
Weston Meadows, Calne Management
50
A, B
Company Limited
Whalley Road (Barrow) Management
8
A, B
Company Limited
Whatman House Management Company Limited
67
A, B
White Lias House Management Company Limited
6
A, B
White Post Farm Midsomer Norton Management
32
A, B
Company Limited
Whitehall Grange (New Farnley) Management
65
A, B
Company Limited
Whittingham Residents Management
64
A, B
Company Limited
Whittlesey Lakeside (Cambridge) Management
21
A, B
Company Limited
Wichelstowe Estate Management CIC
1
A, B
Wigmore Park Management Company Limited
10
A, B
Willow Grove (Stopsley) Management
8
A, B
Company Limited
Willow Grove (Wixams) Management Company Limited
41
A, B
Willow Lane (Beverley) Management
63
A, B
Company Limited
Registered
Subsidiary
office
Notes
Willow Lane (Beverley) Phase 2 Management
19
A, B
Company Limited
Willowmead (Wiveliscombe) Management
31
A, B
Company Limited
Winkleigh Cross Management Company Limited
49
A, B
Winnington View Management Company Limited
26
A, B
Winnington Village Community Management
26
A, B
Company Limited
Winnycroft Residents Management Company Limited
13
A, B
Withies Bridge Management Company Ltd
30
A, B
Woburn View Residents Management
65
A, B
Company Limited
Woodborough Grange Management Company
10
A, B
(Winscombe) Limited
Woodford Garden Village Management
8
A, B
Company Limited
Woodhall Grange Management Company Limited
63
A, B
Woodland Chase (Eccleston) Management
65
A, B
Company Limited
Woodland Heath Residential Management
61
A, B
Company Limited
Woodland View (Prestwich) Management
8
A, B
Company Limited
Woodlands Grange Management Company
10
A, B
(Port Sunlight) Limited
Woodlands Green Staplehurst Management
70
A, B
Company Limited
Woodside Link (Linmere) Residents Management
54
A, B
Company Limited
Worden Gardens (The Altons Block 1)
8
A, B
Management Company Limited
Worden Gardens (The Altons Block 2)
8
A, B
Management Company Limited
Worden Gardens Management Company Limited
8
A, B
Worden Hall (Buckshaw Village) Management
8
A, B
Company Limited
Wrexham Road Garden Village Management
8
A, B
Company Limited
Wychwood Park (Haywards Heath) Management
28
A, B
Company Limited
Yew Gardens Management Company Limited
8
A, B
Yew Tree Park Management Company Burscough
8
A, B
Limited
York House Springfield Management Company Limited
65
A, B
Other subsidiary entities:
Registered Class of % of shares
Subsidiary
office
Notes
 share held owned
Base East Central Rochdale LLP
1
A
N/A
N/A
Base Hattersley LLP
1
A
N/A
N/A
Base Regeneration LLP
1
A
N/A
N/A
Base Werneth Oldham LLP
1
A
N/A
N/A
BLLQ LLP
1
A
N/A
N/A
BLLQ2 Limited
1
A
Ordinary
100%
SQ Holdings Limited
53
A
Ordinary
90%
Vizion (MK) Properties LLP
1
A
N/A
N/A
Ash Tree Court Management Co. Ltd
1
A, D
Ordinary
0%
Aspects Management Company Limited
27
A
Ordinary
50%
Buckshaw Village Management Company Limited
8
A
Ordinary
50%
Foxcote Mead Management Company Limited
1
A
Ordinary
100%
GWQ Management Limited
58
A, C
Ordinary
0%
Hackremco (No.2518) Limited
65
A, E
Ordinary
100%
Hazelmere Management Company Limited
1
A, D
Ordinary
0%
Interlink Park Management Company Limited
1
A, D
Ordinary
0%
Kingston Heights Energy Management
65
A
Ordinary
100%
Company Limited
Lingley Estates Limited
65
A, E
Ordinary
100%
Meridian Business Park Extension Management
1
A, C
Ordinary
2%
Company Limited
Newbury Racecourse Management Limited
12
A, D
Ordinary
0%
Nottingham Business Park Management
1
A, C
Ordinary
2%
Company Limited
Nottingham Business Park (Orchard Place)
1
A, C
Ordinary
2%
Management Company Limited
Optimus Point Management Company Limited
1
A, C
Ordinary
0%
Pye Green Management Company Limited
20
A, C
Ordinary
17%
Riverside Exchange Management Company Limited
1
A, C
Ordinary/
22%
preference
Runshaw Management Company Limited
8
A
Ordinary
100%
Stoneyfield Management Limited
1
A
Ordinary
100%
The Parklands (Birmingham) Management Company
65
A, C
Ordinary
1%
Limited
WBD (Riverside Exchange Sheffield B) Limited
1
A, C
Ordinary
100%
WBD Riverside Sheffield Building K Limited
1
A, C
Ordinary
100%
West Village Reading Management Limited
10
A, D
Ordinary
0%
Registered Office
1. Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicestershire LE67 1UF
2. Third Floor, Building 7 Maxim Office Park, Parklands Avenue, Holytown, Motherwell, United Kingdom, ML1 4WQ
3. 75 Findleys Of Cooden, Cooden Sea Road, Bexhill-on-Sea TN39 4SL
4. Barratt East London, 3rd Floor Press Centre, Here East, 13 East Bay Lane, Stratford, London E15 2GW
5. One Eleven, Edmund Street, Birmingham, West Midlands B3 2HJ
6. Principle Estate Services Limited, 137 Newhall Street, Birmingham B3 1SF
7. Discovery House, Crossley Road, Stockport, Greater Manchester SK4 5BH
8. RMG House, Essex Road, Hoddesdon, Hertfordshire EN11 0DR
9. Gateway House, 10 Coopers Way, Southend-on-Sea, Essex SS2 5TE
10. Vantage Point, 23 Mark Road, Hemel Hempstead, Hertfordshire HP2 7DN
11. Weald House, 88 Main Road, Sundridge, Kent TN14 6ER
12. Cygnet House, Cygnet Way, Hungerford, Berkshire RG17 0YL
13. Units 1, 2 & 3 Beech Court, Wokingham Road, Hurst, Reading RG10 0RU
14. Barratt House, 7 Springfield Lyons Approach, Chelmsford, Essex CM2 5EY
15. The Maltings, Hyde Hall Farm, Sandon, Hertfordshire SG9 0RU
16. 2 Hills Road, Cambridge, Cambridgeshire CB2 1JP
17. Unit A5, Optimum Business Park, Optimum Road, Swadlincote, Derbyshire DE11 0WT
18. Fisher House, 84 Fisherton Street, Salisbury SP2 7QY
19. 6 Alpha Court, Monks Cross Drive, York, North Yorkshire YO32 9WN
20. 60 Whitehall Road, Halesowen B63 3JS
21. Watsons, 18 Meridian Business Park, Norwich, England, NR7 0TA
22. Wellstones House, Wellstones, Watford, Hertfordshire WD17 2AF
23. Remus 2, 2 Cranbook Way, Solihull Business Park, Solihull, West Midlands B90 4GT
24. Wallis House, Great West Road, Brentford, Middlesex TW8 9BS
25. Firstport Property Services Limited, Marlborough House, Wigmore Place, Wigmore Lane, Luton LU2 9EX
26. Chiltern House, 72\u201374 King Edward Street, Macclesfield, Cheshire SK10 1AT
27. 1 Bow Churchyard, London EC4M 9DQ
28. 41a Beach Road, Littlehampton, West Sussex DN17 5JA
29. Copse Walk, Cardiff Gate Business Park, Cardiff, South Glamorgan, Wales, CF23 8RH
30. Unit 2, Beech Court, Wokingham Road, Hurst, Twyford, Berkshire RG10 0RQ
31. 5 New Park House, Peel Hall Business Village, Peel Road, Blackpool, Lancashire FY4 5JX
32. Barratt House, 710 Waterside Drive, Aztec West, Almondsbury, Bristol BS32 4UD
33. Whittington Hall, Whittington Road, Worcester WR5 2ZX
34. Building 4, Dares Farm Business Park, Farnham Road, Ewshot, Farnham, Surrey GU10 5BB
35. Ground Floor, Cromwell House, 15 Andover Road, Winchester, Hampshire SO23 7BT
36. 4 Brindley Road, City Park, Manchester M16 9HQ
37. Watson, Glendevon House, 4 Hawthorn Park, Coal Road, Leeds, West Yorkshire LS14 1PQ
38. Cumberland Court, 80 Mount Street, Nottingham, Nottinghamshire NG1 6HH 39. Ashford House, Grenadier Road, Exeter, Devon EX1 3LH 40. Woodwater House, Pynes Hill, Exeter, Devon EX2 5WR 41. Thistledown Barn, Holcot Lane, Sywell, Northampton NN6 0BG 42. 5th Floor Halo, Counterslip, Bristol BS1 6AJ 43. C/O Alpha Housing Services Ltd, 1st Floor 1 Chartfield House, Castle Street, Taunton, Somerset TA1 4AS 44. Unit 7, Hockliffe Business Park, Watling Street, Hockliffe, Leighton Buzzard, Bedfordshire LU7 9NB 45. 377\u2013379 Hoylake Road, Moreton, Wirral, Merseyside CH46 0RW 46. 128 Pyle Street, Granary Court, Newport, Isle of Wight PO30 1JW 47. One Station Approach, Harlow, Essex CM20 2FB 48. Unit 1, 13 Peek Business Centre, Dunmow Road, Woodside, Bishop\u2019s Stortford, Hertfordshire CM23 5RG 49. Thamesbourne Lodge, Station Road, Bourne End, Buckinghamshire SL8 5QH 50. 1 West Point Court, Great Park Road, Bradley Stoke, Bristol BS32 4PY 51. Blairton House, Old Aberdeen Road, Balmedie, Aberdeen AB23 8SH 52. C/O East Block Group, The Colchester Centre, Hawkins Road, Colchester, Essex CO2 8JX 53. Compton House, The Guildway, Old Portsmouth Road, Guildford GU3 1LR 54. Queensway House, 11 Queensway, New Milton, Hampshire BH25 5NR 55. Tollbar House, Tollbar Way, Hedge End, Southampton SO30 2UH 56. 1a Fortune Close, Riverside Business Park, Northampton NN3 9HT 57. Unit 7, Portal Business Park, Eaton Lane, Tarporley, Cheshire CW6 9DL 58. Aurora House, Part 3rd Floor, 71-75 Uxbridge Road, Ealing, London W5 5SL 59. Wellington House, Great Park Road, Bradley Stoke, Bristol BS32 4PY 60. 72\u201374 King Edward Street, Macclesfield, Cheshire SK10 1AT 61. Second Floor, Lakeside 300, Broadland Business Park, Norwich, Norfolk NR7 0WG 62. Unit 1, Great Park Road, Bradley Stoke, Bristol BS32 4PY 63. Sunnybank Farm, St. Johns Chapel, Bishop Auckland DL13 1QZ 64. Adamson House, Wilmslow Road, Manchester M20 2YY 65. Redrow House, St. Davids Park, Ewloe, Flintshire CH5 3RX 66. Carvers Warehouse, Suite 2B, 77 Dale Street, Manchester, Greater Manchester M1 2HG 67. 94 Park Lane, Croydon, Surrey CR0 1JB 68. Stonemead House, 95 London Road, Croydon, Surrey CR0 2RF 69. C/O Rendall & Rittner Limited, 13b St. George Wharf, London SW8 2LE 70. Homer House, 8 Homer Road, Solihull, West Midlands B91 3QQ 71. C/O Greenbelt Group, 1175 Century Way, Thorpe Park, Leeds, West Yorkshire, LS15 8ZB 72. 54 Hagley Road, Birmingham, West Midlands B16 8PE 73. 18 Meridian Way, Norwich, Norfolk NR7 0TA 74. 2 Centro Place, Pride Park, Derby DE24 8RF 75. C/O Betts Estates, Bank House, Martley, Worcestershire WR6 6PB 76. Suite No. 1, Stubbings House, Henley Road, Maidenhead, Berkshire SL6 6QL 77. 7/8 Windsor Place, Cardiff CF10 3SX 78. Western Permanent Property, 46 Whitchurch Road, Cardiff CF14 3LX 79. Unit 2, Dennehill Business Centre, Womenswold, Canterbury CT4 6HD 80. Persimmon House, Fulford, York YO19 4FE 81. 18 Badminton Road, Downend, Bristol BS16 6BQ 82. Victoria House, 178-180 Fleet Road, Fleet, Hampshire GU51 4DA 83. Carvers Warehouse, Suite 2b, Dale Street, Manchester M1 2HG 84. C/O TLT LLP, 140 West George Street, Glasgow G2 2HG 85. 13 Castle Street, St. Helier, Jersey JE4 5UT 86. 8th Floor, Holborn Tower, 137-144 High Holborn, Holborn WC1V 6PL Notes A Owned through another Group company. B Entity is limited by guarantee and is a temporary member of the Group. Assets are not held for the benefit of the Group and the entity has no profit or loss in the year. C The Group is a minority shareholder but has voting control. D The Group does not own any shares but has control via Directors who are employees of the Group. E. The year end of these entities is 31 March and is not coterminous with the Group year end . This is a legacy from the former Redrow Group.", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-439": { "value": "13. Investments in jointly controlled entities A jointly controlled entity (joint venture or JV) is an entity, including unincorporated entities such as partnerships, in which the Group holds an interest with one or more other parties where a contractual arrangement has established joint control over the entity. The Group has no associated entities. Jointly controlled entities Investments in jointly controlled entities are accounted for using the equity method of accounting. The Group\u2019s share of the profit or loss of jointly controlled entities increases or decreases the carrying amount of the investment and long-term interests.
Group
29 June 30 June
2025 2024
Investments in JVs \u00a3m \u00a3m
At the beginning of the period
158.5
129.8
Increase in amounts invested in JVs
47.8
38.3
Repayment of investments in JVs
(24.2)
(4.8)
Dividends received from JVs
(6.1)
( 7.1)
Share of post-tax profit for the year from JVs
17.2
2.3
At end of period
193.2
158.5
There are no losses in any of the Group\u2019s JVs for which the Group\u2019s share of such losses has not been recognised by the Group. During the period, the Group entered into new JV agreements in respect of the MADE Partnership LLP, Places for People Barratt Redrow (Gilston) LLP and SNG BDW (Kingston Bagpuize) LLP. In addition, Britannia New Homes (Scotland) Limited and Paycause Limited were acquired through the Group\u2019s acquisition of Redrow plc during the period. The Company has no JVs.
At 29 June 2025, the Group had interests in the following JVs:
Voting Principal Financial
Percentage rights Country of place of Principal year end
JV owned controlled registration business activity date
51 College Road LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Alie Street LLP
1
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Barratt Metropolitan LLP
2
75.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Barratt Wates (East Grinstead) Limited
50.0%
50.0%
England and Wales
UK
Holding company
30 June
Barratt Wates (East Grinstead No.2) Limited
1
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Barratt Wates (Horley) Limited
2
78.5%
50.0%
England and Wales
UK
Housebuilding
30 June
Barratt Wates (Lindfield) Limited
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Barratt Wates (Worthing) Limited
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
BDWZest Developments LLP
1
50.0%
50.0%
England and Wales
UK
Holding company
31 March*
BDWZest LLP
50.0%
50.0%
England and Wales
UK
Holding company
31 March*
Blackhorse Road Properties LLP
2
51.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Bollo Lane LLP
2
51.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Britannia New Homes (Scotland) Limited
50.0%
50.0%
Scotland
UK
Dormant
31 December*
Brooklands Milton Keynes LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
DWH/Wates (Thame) Limited
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Enderby Wharf LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Famous Five Glenfield limited
50.0%
50.0%
England and Wales
UK
Dormant
30 June
Fulham Wharf LLP
1
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Fulham Wharf One Limited
1
50.0%
50.0%
England and Wales
UK
Dormant
31 March*
Fulham Wharf Two Limited
1
50.0%
50.0%
England and Wales
UK
Dormant
31 March*
Harrow View LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Infinity Park Derby LLP
50.0%
50.0%
England and Wales
UK
Commercial development
30 June
MADE Partnership LLP
2
33.3%
33.3%
England and Wales
UK
Land development
30 June
Nine Elms LLP
1
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Voting Principal Financial
Percentage rights Country of place of Principal year end
JV owned controlled registration business activity date
Nine Elms One Limited
1
50.0%
50.0%
England and Wales
UK
Dormant
31 March*
Nine Elms Two Limited
1
50.0%
50.0%
England and Wales
UK
Dormant
31 March*
Old Sarum Park Properties Limited
50.0%
50.0%
England and Wales
UK
Dormant
30 June
Paycause Limited
33.3%
33.3%
England and Wales
UK
Non-trading
31 December*
Places for People Barratt Redrow (Gilston) LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Queensland Road LLP
1
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
Ravenscraig Limited
2
33.3%
33.3%
Scotland
UK
Commercial development
31 December*
Ravenscraig Town Centre LLP
50.0%
50.0%
England and Wales
UK
Dormant
30 June
SNG BDW (Kingston Bagpuize) LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Sovereign BDW (Hutton Close) LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Sovereign BDW (Newbury) LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Wembley Park Properties LLP
2
51.0%
50.0%
England and Wales
UK
Housebuilding
30 June
Wichelstowe LLP
50.0%
50.0%
England and Wales
UK
Housebuilding
31 March*
ZestBDW LLP
50.0%
50.0%
England and Wales
UK
Holding company
31 March*
* JV prepares Financial Statements which are non-coterminous with the Group in order to comply with the terms of their JV agreements and to align with the year ends and requirements of our JV partners.
Judgements applied in determining the classification of joint arrangements
1 The Group\u2019s interests in a number of the entities classified as JVs are held indirectly: Barratt Wates (East Grinstead) No. 2 Limited is a wholly owned subsidiary
of the Group\u2019s JV, Barratt Wates (East Grinstead) Limited, and is, therefore, classified as a JV of the Group. BDWZest Developments LLP, Alie Street LLP,
Queensland Road LLP, Fulham Wharf LLP and Nine Elms LLP form a group of limited liability partnerships jointly owned (directly or indirectly) by BDWZest LLP
and ZestBDW LLP, both of which are JVs of the Group. Nine Elms One Limited and Nine Elms Two Limited are wholly owned subsidiaries of Nine Elms LLP, and
Fulham Wharf One Limited and Fulham Wharf Two Limited are wholly owned subsidiaries of Fulham Wharf LLP. All of these entities are, therefore, classified as
JVs of the Group.
2 The Group holds five JV investments (Barratt Wates (Horley) Limited, Barratt Metropolitan LLP, Wembley Park Properties LLP, Blackhorse Road Properties LLP
and Bollo Lane LLP) not in equal share, and three (Ravenscraig Limited, Paycause Limited and MADE Partnership LLP) with more than one other party. However,
in each case, the Group has equal voting rights and control over the activities of the companies with the other parties. In addition, the Group and the other
parties to the agreements only have rights to the net assets of these companies through the terms of the contractual arrangements. These entities are
therefore classified as JVs.
Registered offices
The registered office of all of the entities in the preceding table, with the exception of those
listed below, is: Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville,
Leicestershire LE67 1UF.
Enderby Wharf LLP: Here East, 13 East Bay Lane, 3rd Floor Press Centre, Queen Elizabeth Park,
London E15 2GW.
Sovereign BDW (Hutton Close) LLP and Sovereign BDW (Newbury) LLP: Sovereign House,
Basing View, Basingstoke RG21 4FA.
Ravenscraig Limited: 15 Atholl Crescent, Edinburgh EH3 8HA.
Paycause Limited: Gate House, Turnpike Road, High Wycombe, Buckinghamshire HP12 3NR.
Britannia New Homes (Scotland) Limited: Blairton House, Old Aberdeen Road, Balmedie,
Aberdeenshire AB23 8SH.
Places for People Barratt Redrow (Gilston) LLP: 1 Colmore Square, Birmingham B4 6AA.
Summarised financial information relating to the Group\u2019s JVs is as follows:
Harrow View
LLP
Other JVs
Group total
29 June 30 June 29 June 30 June 29 June 30 June
2025 2024 2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Income
37.6
24.9
237.8
180.6
275.4
205.5
Adjusted expenditure\u00b9
(37.1)
(25.4)
(201.6)
(149.7)
(238.7)
(175.1)
Cost associated with legacy properties
\u2014
\u2014
\u2014
(20.2)
\u2014
(20.2)
Net interest (payable)/receivable
\u2014
\u2014
(4.1)
(1.7)
(4.1)
(1.7)
0.5
(0.5)
32.1
9.0
32.6
8.5
Tax
\u2014
\u2014
0 .1
\u2014
0.1
\u2014
Profit/(loss) for the period, being total
comprehensive income/(expense)
0.5
(0.5)
32.2
9.0
32.7
8.5
Group share of profit/(loss) for the period
recognised in the Consolidated Income
Statement
0.3
(0.3)
16.9
2.6
17.2
2.3
Dividends received from JVs in the period
1.8
1.5
4.3
5.6
6 .1
7.1
Current assets
141.4
116.9
375.0
318.9
516.4
435.8
Non-current assets
\u2014
\u2014
6.3
7.3
6.3
7.3
Current liabilities
(10.4)
(7.8)
(231.3)
(249.7)
(241.7)
(257.5)
Non-current liabilities
\u2014
\u2014
(54.4)
(42.4)
(54.4)
(42.4)
Net assets/(liabilities) of JVs
131.0
109.1
95.6
34.1
226.6
143.2
Cash and cash equivalents included in the
above net assets
9.8
8.4
87.0
99.5
96.8
107.9
Group share of net assets/(liabilities)
recognised in the Consolidated Balance
Sheet at the balance sheet date
65.5
54.5
49.7
17.7
115.2
72.2
1 Adjusted expenditure is the total expenditure of the JV less costs and credits associated with legacy properties (see note 4 for the definition of adjusted items)
A reconciliation of the Group\u2019s share of net assets to the carrying value of investments included in
the Balance Sheet is presented below:
Group
29 June 30 June
2025 2024
\u00a3m \u00a3m
Group share of the net assets of its JVs
115.2
72.2
Group loans to JVs
78.0
86.3
Investment in JVs at balance sheet date
193.2
158.5
The Group has made loans, net of loss allowances, of \u00a378.0m (2024: \u00a386.3m) to its JVs, which are
presented within Group investments. The loss allowances for Group loans to JVs are equal to 12-month
expected credit losses unless there has been a significant increase in credit risk since the date of
initial recognition, in which case the loss allowance is equal to the lifetime expected credit loss.
A significant increase in credit risk is judged to have occurred if a review of available information indicates
an increased probability of default. At 29 June 2025, the loss allowance is immaterial (2024: immaterial).
Included within the Group\u2019s share of net assets of JVs is a proportion of the loans to the JVs
(net of fair value adjustments made in one JV), calculated using the Group\u2019s ownership share, of
\u00a371.3m (2024: \u00a385.3m).
During the year, the Group entered into a number of transactions with its JVs in respect of funding
and development management services (with charges made based on the utilisation of these
services) in addition to the provision of construction services. Further details on these transactions
are provided in note 30. The Group and Company have a number of contingent liabilities relating to
their JVs. Further details on these are provided in note 29.
The transfer of funds from the Group\u2019s JVs to the Group is determined by the terms of the JV
agreements, which specify how available funds should be applied in repaying loans and capital
and distributing profits to the partners.
", "dimensions": { "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-517": { "value": "Jointly controlled entities Investments in jointly controlled entities are accounted for using the equity method of accounting. The Group\u2019s share of the profit or loss of jointly controlled entities increases or decreases the carrying amount of the investment and long-term interests. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-440": { "value": "14. Property, plant and equipment Property, plant and equipment Property, plant and equipment are recorded at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided to write off the cost of the assets on a straight-line basis to their residual values over their estimated useful lives. Residual values and asset lives are reviewed annually. Freehold properties are depreciated on a straight-line basis over 25 years. Freehold land is not depreciated. Plant is depreciated on a straight-line basis over its expected useful life, which ranges from one to seven years.
Group
Company
Plant and Plant and
Property equipment Total Property equipment Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cost
At 1 July 2023
37.5
66.8
104.3
0.2
28.6
28.8
Additions
1.0
6.2
7.2
\u2014
1.1
1.1
Disposals
(0.2)
(0.7)
(0.9)
\u2014
\u2014
\u2014
At 30 June 2024
38.3
72.3
110.6
0.2
29.7
29.9
Additions
10.6
7.5
18.1
\u2014
2.4
2.4
Acquired on acquisition
of Redrow plc
19.9
0.9
20.8
\u2014
\u2014
\u2014
Disposals
(1.5)
(0.7)
(2.2)
\u2014
\u2014
\u2014
At 29 June 2025
67.3
80.0
147.3
0.2
32.1
32.3
Depreciation
At 1 July 2023
3.8
42.4
46.2
0.2
22.5
22.7
Charge for the year
0.8
6.7
7.5
\u2014
2.8
2.8
Disposals
(0.2)
(0.4)
(0.6)
\u2014
\u2014
\u2014
At 30 June 2024
4.4
48.7
53.1
0.2
25.3
25.5
Charge for the period
1.5
7.5
9.0
\u2014
2.4
2.4
Disposals
(0.5)
(0.7)
(1.2)
\u2014
\u2014
\u2014
At 29 June 2025
5.4
55.5
60.9
0.2
27.7
27.9
Net book value
At 30 June 2024
33.9
23.6
57.5
\u2014
4.4
4.4
At 29 June 2025
61.9
24.5
86.4
\u2014
4.4
4.4
Authorised future capital expenditure that was contracted but not provided for in these Financial
Statements amounted to \u00a35.0m (2024: \u00a34.4m).
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-534": { "value": "Property, plant and equipment Property, plant and equipment are recorded at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided to write off the cost of the assets on a straight-line basis to their residual values over their estimated useful lives. Residual values and asset lives are reviewed annually. Freehold properties are depreciated on a straight-line basis over 25 years. Freehold land is not depreciated. Plant is depreciated on a straight-line basis over its expected useful life, which ranges from one to seven years. Leases A right-of-use asset and a lease liability are recognised at the commencement date of a lease. The right-of-use asset is initially measured at cost comprising the initial amount of the lease liability plus payments made before the lease commenced and any direct costs less any incentives received. The right-of-use asset is subsequently depreciated using the straight-line method from the commencement of the lease to the earlier of the end of the lease term or the end of the useful life of the asset. The right-of-use asset is also reduced for impairment losses, if any, and adjusted for certain remeasurements of the lease liability. The lease liability is initially measured at the present value of the lease payments at the commencement date discounted using the Group\u2019s incremental borrowing rate of between 1% and 8% and is subsequently measured at amortised cost using the effective interest method. The lease liability is remeasured when there is a change in the future lease payments, and a corresponding adjustment is made to the right-of-use asset. The Group has elected not to recognise right-of-use assets and lease liabilities for short-term leases of plant and machinery with a lease term of 12 months or less, and leases of low value including leases of office equipment. The lease payments associated with these leases are recognised as an expense on a straight-line basis over the lease term. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-518": { "value": "Property, plant and equipment Property, plant and equipment are recorded at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided to write off the cost of the assets on a straight-line basis to their residual values over their estimated useful lives. Residual values and asset lives are reviewed annually. Freehold properties are depreciated on a straight-line basis over 25 years. Freehold land is not depreciated. Plant is depreciated on a straight-line basis over its expected useful life, which ranges from one to seven years. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-441": { "value": "15. Leases Leases A right-of-use asset and a lease liability are recognised at the commencement date of a lease. The right-of-use asset is initially measured at cost comprising the initial amount of the lease liability plus payments made before the lease commenced and any direct costs less any incentives received. The right-of-use asset is subsequently depreciated using the straight-line method from the commencement of the lease to the earlier of the end of the lease term or the end of the useful life of the asset. The right-of-use asset is also reduced for impairment losses, if any, and adjusted for certain remeasurements of the lease liability. The lease liability is initially measured at the present value of the lease payments at the commencement date discounted using the Group\u2019s incremental borrowing rate of between 1% and 8% and is subsequently measured at amortised cost using the effective interest method. The lease liability is remeasured when there is a change in the future lease payments, and a corresponding adjustment is made to the right-of-use asset. The Group has elected not to recognise right-of-use assets and lease liabilities for short-term leases of plant and machinery with a lease term of 12 months or less, and leases of low value including leases of office equipment. The lease payments associated with these leases are recognised as an expense on a straight-line basis over the lease term. The Group and Company lease assets including land and buildings, vehicles, plant and machinery, and office equipment. Information about leases for which the Group or Company is a lessee is presented below.
Group
Company
Land and Land and
buildings Other Total buildings Other Total
Right-of-use assets \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Balance at 1 July 2024
24.3
16.9
41.2
\u2014
1.3
1.3
Balance at 29 June 2025
25.3
21.7
47.0
2.9
1.1
4.0
Acquired with Redrow
0.6
8.3
8.9
\u2014
\u2014
\u2014
Net additions during
the period including
remeasurements
1
6.2
9.1
15.3
3 .1
0.5
3.6
1 Including leases acquired on the acquisition of Redrow
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Lease liabilities included in the Balance Sheet \u00a3m \u00a3m \u00a3m \u00a3m
Current
17.7
13.4
0.9
0.6
Non-current
37.5
29.4
3 .1
0.7
55.2
42.8
4.0
1.3
A maturity analysis of the contractual undiscounted cash flows associated with these lease
liabilities is presented in note 31.
Group
52 weeks
ended Year ended
29 June 30 June
2025 2024
Amounts recognised in the Income Statement \u00a3m \u00a3m
Interest on lease liabilities
2.5
1.8
Depreciation of right-of-use land and buildings
5.7
5.8
Depreciation of other right-of-use assets
12.7
9.4
Expenses relating to short-term and low-value leases
35.5
20.7
During the year the Group acquired lease assets of \u00a38.9m and lease liabilities of \u00a39.2m as part of
the acquisition of Redrow (see note 10).
The total Group cash outflow for leases in the current period was \u00a355.6m (Company: \u00a31.0m)
(2024: \u00a337.2m (Company: \u00a30.9m)), of which \u00a320.1m (Company: \u00a31.0m) (2024: \u00a316.5m
(Company: \u00a30.9m)) related to the repayment of lease liabilities recognised in the Balance Sheet.
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-519": { "value": "Leases A right-of-use asset and a lease liability are recognised at the commencement date of a lease. The right-of-use asset is initially measured at cost comprising the initial amount of the lease liability plus payments made before the lease commenced and any direct costs less any incentives received. The right-of-use asset is subsequently depreciated using the straight-line method from the commencement of the lease to the earlier of the end of the lease term or the end of the useful life of the asset. The right-of-use asset is also reduced for impairment losses, if any, and adjusted for certain remeasurements of the lease liability. The lease liability is initially measured at the present value of the lease payments at the commencement date discounted using the Group\u2019s incremental borrowing rate of between 1% and 8% and is subsequently measured at amortised cost using the effective interest method. The lease liability is remeasured when there is a change in the future lease payments, and a corresponding adjustment is made to the right-of-use asset. The Group has elected not to recognise right-of-use assets and lease liabilities for short-term leases of plant and machinery with a lease term of 12 months or less, and leases of low value including leases of office equipment. The lease payments associated with these leases are recognised as an expense on a straight-line basis over the lease term. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-442": { "value": "
16. Inventories
Inventories
Inventories are valued at the lower of cost and net realisable value. Land held for development,
including land in the course of development, is initially recorded at cost. Where, through deferred
purchase credit terms, the carrying value differs from the amount that will ultimately be paid in
settling the liability, this difference is charged as a finance cost in the Income Statement over
the period of settlement.
Cost of construction work in progress comprises direct materials, direct labour costs and
those overheads that have been incurred in bringing the inventories to their present location
and condition. Overhead costs include, but are not limited to, roads and other infrastructure
costs required for a site and local contributions and physical works contributions required
under planning permissions granted for our developments.
Due to the scale of the Group\u2019s developments, the Group allocates site-wide development
costs between homes built in the current year and in future years. It also has to estimate costs
to complete on such developments. In making these assessments, there is a degree of
inherent uncertainty. The Group has developed internal controls to assess and review carrying
values and the appropriateness of estimates made. Further information is included in the
margin recognition section of note 3.
Work in progress on promotion agreements comprises direct fees and labour costs incurred
in investigating, designing, master planning, obtaining planning permission and ultimately
securing sales agreements for land on behalf of landowners. The satisfaction of promotion
agreements is largely dependent upon the grant of planning consent; therefore, management
assesses the likelihood of attaining these consents when assessing their carrying values.
Land options
Costs incurred in respect of options to purchase land are held within inventories at the lower
of cost and net realisable value and are reviewed for impairment at each reporting date.
Group
29 June 30 June
2025 2024
\u00a3m \u00a3m
Land held for development
5,104.9
3,233.6
Construction work in progress
2,979.0
1,829.4
Promotion agreements work in progress
112.4
111.5
Part-exchange properties and other inventories
144.3
103.7
8,340.6
5,278.2
The Company has no inventories.
Nature and carrying value of inventories
The Group\u2019s principal activity is housebuilding. The majority of sales are not contracted prior to
the development commencing. Accordingly, the Group has in its Balance Sheet at 29 June 2025
current assets that are not covered by a forward sale. The Group\u2019s internal controls are designed
to identify any developments where the balance sheet value of land and work in progress is more
than the projected lower of cost or net realisable value. During the year, the Group has conducted
six-monthly reviews of the net realisable value of specific sites identified as at high risk of
impairment, based upon a number of criteria including sites with low profit margins and sites
with no forecast completions. Where the estimated net realisable value of a site was less than
its current carrying value, the Group has impaired the land and work in progress value.
During the period, due to performance variations, changes in assumptions and changes to viability
on individual sites, there were gross impairment charges of \u00a320.6m (2024: \u00a39.2m) and gross
impairment reversals of \u00a38.2m (2024: \u00a311.4m), resulting in a net impairment charge of \u00a312.4m
(2024: \u00a32.2m reversal) included within operating profit.
The key estimates in these reviews are those used to estimate the realisable value of a site, which
is determined by forecast sales rates, expected sales prices and estimated costs to complete.
The Directors consider all inventories to be current in nature, as they are expected to be realised
within the Group\u2019s normal operational although the Group\u2019s operational cycle. There is no fixed time
period for the normal operating cycle as it differs for each site, however the cycle typically spans
from the purchase of land to the sale of the final plot.
Land held for development includes \u00a3113.4m of costs incurred in respect of options to purchase
land (2024: \u00a311.7m). During the period, \u00a372.5m of costs in respect of options to purchase land were
recognised at their acquisition-date fair value as a result of the acquisition of Redrow plc.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-520": { "value": " Inventories Inventories are valued at the lower of cost and net realisable value. Land held for development, including land in the course of development, is initially recorded at cost. Where, through deferred purchase credit terms, the carrying value differs from the amount that will ultimately be paid in settling the liability, this difference is charged as a finance cost in the Income Statement over the period of settlement. Cost of construction work in progress comprises direct materials, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. Overhead costs include, but are not limited to, roads and other infrastructure costs required for a site and local contributions and physical works contributions required under planning permissions granted for our developments. Due to the scale of the Group\u2019s developments, the Group allocates site-wide development costs between homes built in the current year and in future years. It also has to estimate costs to complete on such developments. In making these assessments, there is a degree of inherent uncertainty. The Group has developed internal controls to assess and review carrying values and the appropriateness of estimates made. Further information is included in the margin recognition section of note 3. Work in progress on promotion agreements comprises direct fees and labour costs incurred in investigating, designing, master planning, obtaining planning permission and ultimately securing sales agreements for land on behalf of landowners. The satisfaction of promotion agreements is largely dependent upon the grant of planning consent; therefore, management assesses the likelihood of attaining these consents when assessing their carrying values. Land options Costs incurred in respect of options to purchase land are held within inventories at the lower of cost and net realisable value and are reviewed for impairment at each reporting date. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-443": { "value": "17. Trade and other receivables Trade and other receivables Trade and other receivables are financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for those with maturities greater than 12 months after the balance sheet date, which are classified as non-current assets. Amounts recoverable on certain construction contracts where revenue is recognised over time are included in trade receivables and stated at cost plus attributable profit less any foreseeable losses. Payments received on account for these construction contracts are deducted from amounts recoverable on these contracts. Trade and other receivables are initially recognised at their transaction price, being fair value, and subsequently measured at amortised cost, being their nominal value less a loss allowance for expected credit losses, which are assessed on the basis of an average weighting of the risk of default. Any impairment is recognised immediately in the Income Statement. For this purpose, a default is determined to have occurred if the Group becomes aware of evidence that it will not receive all contractual cash flows that are due or if payment has not been received within 60 days of the due date. After this time, it is probable that contractual cash flows will not be fully recovered. The Group does not hold any collateral over these balances. Trade receivables are receivables and contract assets arising from the Group\u2019s contracts with customers. The loss allowance is equal to the lifetime expected credit loss, assessed on an individual customer basis. The loss allowances for other receivables and amounts due from subsidiary undertakings are equal to 12-month expected credit losses unless there has been a significant increase in credit risk since the date of initial recognition, in which case the loss allowance is equal to the lifetime expected credit loss. A significant increase in credit risk is judged to have occurred if a review of available information indicates an increased probability of default, or if contractual payments are more than 30 days past due. Trade and other receivables that are more than two years overdue are deemed to have no reasonable expectation of recovery and are written off in the Financial Statements but are still subject to enforcement activity. Subsequent recoveries of amounts previously written off are credited to the Income Statement. The expected credit loss on the amounts due from subsidiary undertakings has been assessed to be immaterial.
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Non-current assets
Amounts due from
subsidiary undertakings
\u2014
\u2014
5,679.8
76.1
Contract assets
21
0.9
1.0
\u2014
\u2014
Other receivables
4.1
2.4
\u2014
\u2014
5.0
3.4
5,679.8
76.1
Current assets
Trade receivables
99.0
72.2
\u2014
\u2014
Contract assets
21
9.0
5.9
\u2014
\u2014
Amounts due from
subsidiary undertakings
\u2014
\u2014
33.7
169.0
Other receivables
115.3
111.0
5.7
5.5
Prepayments and
accrued income
17.8
12.8
9.2
8.1
241.1
201.9
48.6
182.6
Group other receivables include \u00a329.2m (2024: \u00a327.8m) receivable from joint ventures and VAT of
\u00a359.8m (2024: \u00a351.9m).
Amounts due from subsidiary undertakings are repayable on demand. There have been no
significant increases in credit risk on these balances since initial recognition and the 12-month
expected credit losses are considered to be negligible. A market rate of interest averaging 4.0%
(2024: 4.0%) is earned on loan accounts; current accounts are interest free. No interest is charged
on non-current amounts.
The carrying values of trade and other receivables are stated after allowance for expected credit losses. The movements in the loss allowances for the year were as follows:
Trade receivables and
contract balances
Other receivables
Lifetime expected 12-month
credit losses expected credit
(individually assessed) losses
Group Company Group Company
Loss allowance
Notes
 \u00a3m \u00a3m \u00a3m \u00a3m
Loss allowance at 1 July 2024
6.9
\u2014
0.5
\u2014
Charge for the period
22
4.1
\u2014
0 .1
\u2014
Amounts written off
Amounts acquired on acquisition
(0.6)
\u2014
\u2014
\u2014
of Redrow plc
10
5.7
\u2014
\u2014
\u2014
Recoveries of amounts previously
written off
22
(5.8)
\u2014
(0.2)
\u2014
Loss allowance at 29 June 2025
10.3
\u2014
0.4
\u2014
Movements in loss allowances are principally a result of the derecognition and origination of financial assets in the year. The loss allowances written off are equal to the gross carrying amounts of the assets written off in the period. The Directors consider that the carrying amount of trade receivables approximates to their fair value. The expected credit losses on the Company amounts due from subsidiary undertakings are not material to the Financial Statements. The subsidiaries are able to pay their liabilities as they fall due and the probability of default is insignificant. Further disclosures relating to financial assets are set out in note 22.", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-521": { "value": "Trade and other receivables Trade and other receivables are financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for those with maturities greater than 12 months after the balance sheet date, which are classified as non-current assets. Amounts recoverable on certain construction contracts where revenue is recognised over time are included in trade receivables and stated at cost plus attributable profit less any foreseeable losses. Payments received on account for these construction contracts are deducted from amounts recoverable on these contracts. Trade and other receivables are initially recognised at their transaction price, being fair value, and subsequently measured at amortised cost, being their nominal value less a loss allowance for expected credit losses, which are assessed on the basis of an average weighting of the risk of default. Any impairment is recognised immediately in the Income Statement. For this purpose, a default is determined to have occurred if the Group becomes aware of evidence that it will not receive all contractual cash flows that are due or if payment has not been received within 60 days of the due date. After this time, it is probable that contractual cash flows will not be fully recovered. The Group does not hold any collateral over these balances. Trade receivables are receivables and contract assets arising from the Group\u2019s contracts with customers. The loss allowance is equal to the lifetime expected credit loss, assessed on an individual customer basis. The loss allowances for other receivables and amounts due from subsidiary undertakings are equal to 12-month expected credit losses unless there has been a significant increase in credit risk since the date of initial recognition, in which case the loss allowance is equal to the lifetime expected credit loss. A significant increase in credit risk is judged to have occurred if a review of available information indicates an increased probability of default, or if contractual payments are more than 30 days past due. Trade and other receivables that are more than two years overdue are deemed to have no reasonable expectation of recovery and are written off in the Financial Statements but are still subject to enforcement activity. Subsequent recoveries of amounts previously written off are credited to the Income Statement. The expected credit loss on the amounts due from subsidiary undertakings has been assessed to be immaterial. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-468": { "value": "
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Non-current assets
Amounts due from
subsidiary undertakings
\u2014
\u2014
5,679.8
76.1
Contract assets
21
0.9
1.0
\u2014
\u2014
Other receivables
4.1
2.4
\u2014
\u2014
5.0
3.4
5,679.8
76.1
Current assets
Trade receivables
99.0
72.2
\u2014
\u2014
Contract assets
21
9.0
5.9
\u2014
\u2014
Amounts due from
subsidiary undertakings
\u2014
\u2014
33.7
169.0
Other receivables
115.3
111.0
5.7
5.5
Prepayments and
accrued income
17.8
12.8
9.2
8.1
241.1
201.9
48.6
182.6
Group other receivables include \u00a329.2m (2024: \u00a327.8m) receivable from joint ventures and VAT of \u00a359.8m (2024: \u00a351.9m). Amounts due from subsidiary undertakings are repayable on demand. There have been no significant increases in credit risk on these balances since initial recognition and the 12-month expected credit losses are considered to be negligible. A market rate of interest averaging 4.0% (2024: 4.0%) is earned on loan accounts; current accounts are interest free. No interest is charged on non-current amounts. ", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-488": { "value": "
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Non-current assets
Amounts due from
subsidiary undertakings
\u2014
\u2014
5,679.8
76.1
Contract assets
21
0.9
1.0
\u2014
\u2014
Other receivables
4.1
2.4
\u2014
\u2014
5.0
3.4
5,679.8
76.1
Current assets
Trade receivables
99.0
72.2
\u2014
\u2014
Contract assets
21
9.0
5.9
\u2014
\u2014
Amounts due from
subsidiary undertakings
\u2014
\u2014
33.7
169.0
Other receivables
115.3
111.0
5.7
5.5
Prepayments and
accrued income
17.8
12.8
9.2
8.1
241.1
201.9
48.6
182.6
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-501": { "value": "
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Non-current assets
Amounts due from
subsidiary undertakings
\u2014
\u2014
5,679.8
76.1
Contract assets
21
0.9
1.0
\u2014
\u2014
Other receivables
4.1
2.4
\u2014
\u2014
5.0
3.4
5,679.8
76.1
Current assets
Trade receivables
99.0
72.2
\u2014
\u2014
Contract assets
21
9.0
5.9
\u2014
\u2014
Amounts due from
subsidiary undertakings
\u2014
\u2014
33.7
169.0
Other receivables
115.3
111.0
5.7
5.5
Prepayments and
accrued income
17.8
12.8
9.2
8.1
241.1
201.9
48.6
182.6
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-469": { "value": "
The carrying values of trade and other receivables are stated after allowance for expected credit
losses. The movements in the loss allowances for the year were as follows:
Trade receivables and
contract balances
Other receivables
Lifetime expected 12-month
credit losses expected credit
(individually assessed) losses
Group Company Group Company
Loss allowance
Notes
 \u00a3m \u00a3m \u00a3m \u00a3m
Loss allowance at 1 July 2024
6.9
\u2014
0.5
\u2014
Charge for the period
22
4.1
\u2014
0 .1
\u2014
Amounts written off
Amounts acquired on acquisition
(0.6)
\u2014
\u2014
\u2014
of Redrow plc
10
5.7
\u2014
\u2014
\u2014
Recoveries of amounts previously
written off
22
(5.8)
\u2014
(0.2)
\u2014
Loss allowance at 29 June 2025
10.3
\u2014
0.4
\u2014
Movements in loss allowances are principally a result of the derecognition and origination of
financial assets in the year. The loss allowances written off are equal to the gross carrying amounts
of the assets written off in the period. The Directors consider that the carrying amount of trade
receivables approximates to their fair value.
The expected credit losses on the Company amounts due from subsidiary undertakings are not
material to the Financial Statements. The subsidiaries are able to pay their liabilities as they fall
due and the probability of default is insignificant.
Further disclosures relating to financial assets are set out in note 22.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-444": { "value": "
18. Net cash
Net cash is defined as cash and cash equivalents, bank overdrafts, interest-bearing borrowings
and prepaid fees. Net cash at the balance sheet date is shown below:
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m
Cash and cash equivalents\u00b9
969.6
1,065.3
654.7
827.6
Drawn debt
Borrowings:
Sterling US private placement notes
(200.0)
(200.0)
(200.0)
(200.0)
Total borrowings being total drawn debt
(200.0)
(200.0)
(200.0)
(200.0)
Prepaid fees
3.0
3.2
3.0
3.2
Net cash
772.6
868.5
457.7
630.8
Total borrowings at the balance sheet date
are analysed as:
Non-current borrowings
(200.0)
(200.0)
(200.0)
(200.0)
Total borrowings being total drawn debt
(200.0)
(200.0)
(200.0)
(200.0)
1 The Group and Company had cash equivalents at 29 June 2025 of \u00a3459.8m (2024: \u00a3690.9m) which are included within cash and cash equivalents above.
The majority of cash equivalents represent short-term liquidity funds.
Movement in net cash is analysed as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m
Cash acquired on acquisition of Redrow (note 10)
194.3
\u2014
\u2014
\u2014
Other movements in cash and cash equivalents
in the period
(290.0)
(203.8)
(172.9)
(177.4)
Net decrease in cash and cash equivalents
(95.7)
(203.8)
(172.9)
(177.4)
Repayment/(drawdown)of borrowings:
Loans and borrowings repayments
\u2014
3.4
\u2014
\u2014
Other movements in borrowings:
Movement in prepaid fees
(0.2)
(0.5)
(0.2)
(0.5)
Movement in net cash in the period
(95.9)
(200.9)
(173.1)
(177.9)
Opening net cash
868.5
1,069.4
630.8
808.7
Closing net cash
772.6
868.5
457.7
630.8
Changes in liabilities arising from financing activities are shown below:
Group
Company
Total Lease Total Lease
borrowings liabilities Total borrowings liabilities Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Liabilities from financing
activities at 1 July 2023
(203.4)
(46.2)
(249.6)
(200.0)
(4.2)
(204.2)
Financing cash flows
\u2014
16.5
16.5
\u2014
0.9
0.9
Other movements
3.4
(13.1)
(9.7)
\u2014
2.0
2.0
Liabilities arising from
financing activities
at 30 June 2024
(200.0)
(42.8)
(242.8)
(200.0)
(1.3)
(201.3)
Financing cash flows
\u2014
20.1
20.1
\u2014
1.0
1.0
Acquired through
acquisition of Redrow
(note 10)
\u2014
(9.2)
(9.2)
\u2014
\u2014
\u2014
Other movements
\u2014
(23.3)
(23.3)
\u2014
(3.7)
(3.7)
Liabilities arising from
financing activities
at 29 June 2025
(200.0)
(55.2)
(255.2)
(200.0)
(4.0)
(204.0)
Cash and cash equivalents
Cash and cash equivalents are held at floating interest rates linked to the UK bank rate and money
market rates as applicable. Cash and cash equivalents comprise cash held by the Group and
short-term bank deposits with an original maturity of three months or less from inception and are
subject to an insignificant risk of changes in value. In accordance with the Group\u2019s policy, all
deposits are held with entities with credit ratings of A+ of higher. Cash, cash equivalents and bank
overdrafts, as presented in the Cash Flow Statement, are analysed as follows:
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m
Cash and cash equivalents
969.6
1,065.3
654.7
827.6
Bank overdrafts included in loans and borrowings
\u2014
\u2014
\u2014
\u2014
Cash, cash equivalents and bank overdrafts
969.6
1,065.3
654.7
827.6
Further disclosures relating to financial assets are set out in note 22.
Borrowings and facilities Loans and borrowings Interest-bearing loans and overdrafts are initially recognised at fair value less directly attributable transaction costs and subsequently measured at amortised cost, being the amount recorded at recognition plus accrued interest applied to the account less any repayments made. All debt facilities at 29 June 2025 are unsecured. The principal features of the Group\u2019s committed debt facilities at 29 June 2025 and 30 June 2024 were as follows:
Amount drawn
Facility
29 June 2025
30 June 2024
Maturity
Committed facilities:
RCF
\u00a3700.0m
\u2014
\u2014
16 November 2029
Fixed rate Sterling USPP notes
\u00a3200.0m
\u00a3200.0m
\u00a3200.0m
22 August 2027
The Group has various bank overdraft facilities and uncommitted borrowing facilities that are subject to floating interest rates linked to SONIA and money market rates as applicable. However, these were not utilised in the current period or prior year. Weighted average interest rates are disclosed in note 6. 22. Financial instruments Recognition Financial assets and financial liabilities are recognised on the Balance Sheet in accordance with IFRS 9: \u2018Financial Instruments\u2019 when the Group becomes a party to the contractual provisions of the instrument. The Group derecognises a financial asset only when the contractual rights to the cash flows from the asset expire or it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. The Group derecognises a financial liability only when the Group\u2019s obligations are discharged or cancelled or they expire. Classification and measurement All non-derivative financial assets are classified in accordance with IFRS 9 as \u201csubsequently measured at amortised cost\u201d. All non-derivative financial liabilities are classified as \u201csubsequently measured at amortised cost\u201d. Financial assets and liabilities subsequently measured at amortised cost are initially recognised at fair value determined based on discounted cash flow analysis using current market rates for similar instruments. They are subsequently measured at amortised cost using the \u201ceffective interest rate\u201d method. Financial assets are also measured after recognition of any impairment, which is included within administrative expenses in the Income Statement. Financial liabilities are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the balance sheet date. Impairment A loss allowance is recognised for expected credit losses on financial assets as described in note 17. Any impairment is recognised immediately in the Income Statement.
Financial assets
The carrying values and fair values of the Group and Company financial assets are as follows:
Group
Company
29 June 2025
30 June 2024
29 June 2025
30 June 2024
Fair Carrying Fair Carrying Fair Carrying Fair Carrying
value value value value value value value value
Notes \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cash and cash
equivalents
18
969.6
969.6
1,065.3
1,065.3
654.7
654.7
827.6
827.6
Measured at
amortised
cost:
Trade and
other
receivables
1
158.6
158.6
133.8
133.8
2.9
2.9
4.6
4.6
Intercompany
receivables
17
\u2014
\u2014
\u2014
\u2014
5,713.5
5,713.5
245.1
245.1
Total financial
assets
1,128.2
1,128.2
1,199.1
1,199.1
6,371.1
6,371.1
1,077.3
1,077.3
1 Excludes amounts recoverable on contracts, prepayments and accrued income, and tax and social security.
Financial liabilities
The carrying values and fair values of the Group and Company financial liabilities are as follows:
Group
Company
29 June 2025
30 June 2024
29 June 2025
30 June 2024
Fair Carrying Fair Carrying Fair Carrying Fair Carrying
value value value value value value value value
Notes \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Measured at
amortised cost:
Loans and
borrowings
18
189.4
200.0
184.2
200.0
189.4
200.0
184.2
200.0
Trade and
other payables
1
1,608.4
1,659.2
991.5
1,025.9
25.3
25.3
20.6
20.6
Intercompany
payables
19
\u2014
\u2014
\u2014
\u2014
100.2
100.2
91.3
91.3
Lease liabilities
15
55.2
55.2
42.8
42.8
4.0
4.0
1.3
1.3
Total financial
liabilities
1,853.0
1,914.4
1,218.5
1,268.7
318.9
329.5
297.4
313.2
1 Excludes deferred income, payments received in excess of amounts recoverable on contracts, tax and social security and other non-financial liabilities.
The fair values of liabilities in the above table have been determined using discounted cash flows
based on observable market data other than quoted prices in active markets for identical liabilities.
Trade and other payables include items secured by legal charges as disclosed in note 19.
Financial instruments gains and losses
The net (gains)/losses recorded in the Consolidated Income Statement, in respect of financial
instruments (excluding interest shown in note 6), are as follows:
52 weeks
ended Year ended
29 June 30 June
2025 2024
Notes \u00a3m \u00a3m
Financial assets measured at amortised cost
Trade receivables \u2014 loss allowance charge
17
4.2
2.3
Recoveries of amounts previously written off
17
(6.0)
(3.3)
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-470": { "value": "18. Net cash Net cash is defined as cash and cash equivalents, bank overdrafts, interest-bearing borrowings and prepaid fees. Net cash at the balance sheet date is shown below:
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m
Cash and cash equivalents\u00b9
969.6
1,065.3
654.7
827.6
Drawn debt
Borrowings:
Sterling US private placement notes
(200.0)
(200.0)
(200.0)
(200.0)
Total borrowings being total drawn debt
(200.0)
(200.0)
(200.0)
(200.0)
Prepaid fees
3.0
3.2
3.0
3.2
Net cash
772.6
868.5
457.7
630.8
Total borrowings at the balance sheet date
are analysed as:
Non-current borrowings
(200.0)
(200.0)
(200.0)
(200.0)
Total borrowings being total drawn debt
(200.0)
(200.0)
(200.0)
(200.0)
1 The Group and Company had cash equivalents at 29 June 2025 of \u00a3459.8m (2024: \u00a3690.9m) which are included within cash and cash equivalents above. The majority of cash equivalents represent short-term liquidity funds. Movement in net cash is analysed as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m
Cash acquired on acquisition of Redrow (note 10)
194.3
\u2014
\u2014
\u2014
Other movements in cash and cash equivalents
in the period
(290.0)
(203.8)
(172.9)
(177.4)
Net decrease in cash and cash equivalents
(95.7)
(203.8)
(172.9)
(177.4)
Repayment/(drawdown)of borrowings:
Loans and borrowings repayments
\u2014
3.4
\u2014
\u2014
Other movements in borrowings:
Movement in prepaid fees
(0.2)
(0.5)
(0.2)
(0.5)
Movement in net cash in the period
(95.9)
(200.9)
(173.1)
(177.9)
Opening net cash
868.5
1,069.4
630.8
808.7
Closing net cash
772.6
868.5
457.7
630.8
Changes in liabilities arising from financing activities are shown below:
Group
Company
Total Lease Total Lease
borrowings liabilities Total borrowings liabilities Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Liabilities from financing
activities at 1 July 2023
(203.4)
(46.2)
(249.6)
(200.0)
(4.2)
(204.2)
Financing cash flows
\u2014
16.5
16.5
\u2014
0.9
0.9
Other movements
3.4
(13.1)
(9.7)
\u2014
2.0
2.0
Liabilities arising from
financing activities
at 30 June 2024
(200.0)
(42.8)
(242.8)
(200.0)
(1.3)
(201.3)
Financing cash flows
\u2014
20.1
20.1
\u2014
1.0
1.0
Acquired through
acquisition of Redrow
(note 10)
\u2014
(9.2)
(9.2)
\u2014
\u2014
\u2014
Other movements
\u2014
(23.3)
(23.3)
\u2014
(3.7)
(3.7)
Liabilities arising from
financing activities
at 29 June 2025
(200.0)
(55.2)
(255.2)
(200.0)
(4.0)
(204.0)
Cash and cash equivalents Cash and cash equivalents are held at floating interest rates linked to the UK bank rate and money market rates as applicable. Cash and cash equivalents comprise cash held by the Group and short-term bank deposits with an original maturity of three months or less from inception and are subject to an insignificant risk of changes in value. In accordance with the Group\u2019s policy, all deposits are held with entities with credit ratings of A+ of higher. Cash, cash equivalents and bank overdrafts, as presented in the Cash Flow Statement, are analysed as follows:
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m
Cash and cash equivalents
969.6
1,065.3
654.7
827.6
Bank overdrafts included in loans and borrowings
\u2014
\u2014
\u2014
\u2014
Cash, cash equivalents and bank overdrafts
969.6
1,065.3
654.7
827.6
Further disclosures relating to financial assets are set out in note 22. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-489": { "value": "18. Net cash Net cash is defined as cash and cash equivalents, bank overdrafts, interest-bearing borrowings and prepaid fees. Net cash at the balance sheet date is shown below:
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m
Cash and cash equivalents\u00b9
969.6
1,065.3
654.7
827.6
Drawn debt
Borrowings:
Sterling US private placement notes
(200.0)
(200.0)
(200.0)
(200.0)
Total borrowings being total drawn debt
(200.0)
(200.0)
(200.0)
(200.0)
Prepaid fees
3.0
3.2
3.0
3.2
Net cash
772.6
868.5
457.7
630.8
Total borrowings at the balance sheet date
are analysed as:
Non-current borrowings
(200.0)
(200.0)
(200.0)
(200.0)
Total borrowings being total drawn debt
(200.0)
(200.0)
(200.0)
(200.0)
1 The Group and Company had cash equivalents at 29 June 2025 of \u00a3459.8m (2024: \u00a3690.9m) which are included within cash and cash equivalents above. The majority of cash equivalents represent short-term liquidity funds. Movement in net cash is analysed as follows:
Group
Company
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m
Cash acquired on acquisition of Redrow (note 10)
194.3
\u2014
\u2014
\u2014
Other movements in cash and cash equivalents
in the period
(290.0)
(203.8)
(172.9)
(177.4)
Net decrease in cash and cash equivalents
(95.7)
(203.8)
(172.9)
(177.4)
Repayment/(drawdown)of borrowings:
Loans and borrowings repayments
\u2014
3.4
\u2014
\u2014
Other movements in borrowings:
Movement in prepaid fees
(0.2)
(0.5)
(0.2)
(0.5)
Movement in net cash in the period
(95.9)
(200.9)
(173.1)
(177.9)
Opening net cash
868.5
1,069.4
630.8
808.7
Closing net cash
772.6
868.5
457.7
630.8
Changes in liabilities arising from financing activities are shown below:
Group
Company
Total Lease Total Lease
borrowings liabilities Total borrowings liabilities Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Liabilities from financing
activities at 1 July 2023
(203.4)
(46.2)
(249.6)
(200.0)
(4.2)
(204.2)
Financing cash flows
\u2014
16.5
16.5
\u2014
0.9
0.9
Other movements
3.4
(13.1)
(9.7)
\u2014
2.0
2.0
Liabilities arising from
financing activities
at 30 June 2024
(200.0)
(42.8)
(242.8)
(200.0)
(1.3)
(201.3)
Financing cash flows
\u2014
20.1
20.1
\u2014
1.0
1.0
Acquired through
acquisition of Redrow
(note 10)
\u2014
(9.2)
(9.2)
\u2014
\u2014
\u2014
Other movements
\u2014
(23.3)
(23.3)
\u2014
(3.7)
(3.7)
Liabilities arising from
financing activities
at 29 June 2025
(200.0)
(55.2)
(255.2)
(200.0)
(4.0)
(204.0)
Cash and cash equivalents Cash and cash equivalents are held at floating interest rates linked to the UK bank rate and money market rates as applicable. Cash and cash equivalents comprise cash held by the Group and short-term bank deposits with an original maturity of three months or less from inception and are subject to an insignificant risk of changes in value. In accordance with the Group\u2019s policy, all deposits are held with entities with credit ratings of A+ of higher. Cash, cash equivalents and bank overdrafts, as presented in the Cash Flow Statement, are analysed as follows:
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m
Cash and cash equivalents
969.6
1,065.3
654.7
827.6
Bank overdrafts included in loans and borrowings
\u2014
\u2014
\u2014
\u2014
Cash, cash equivalents and bank overdrafts
969.6
1,065.3
654.7
827.6
Further disclosures relating to financial assets are set out in note 22. Borrowings and facilities Loans and borrowings Interest-bearing loans and overdrafts are initially recognised at fair value less directly attributable transaction costs and subsequently measured at amortised cost, being the amount recorded at recognition plus accrued interest applied to the account less any repayments made. All debt facilities at 29 June 2025 are unsecured. The principal features of the Group\u2019s committed debt facilities at 29 June 2025 and 30 June 2024 were as follows:
Amount drawn
Facility
29 June 2025
30 June 2024
Maturity
Committed facilities:
RCF
\u00a3700.0m
\u2014
\u2014
16 November 2029
Fixed rate Sterling USPP notes
\u00a3200.0m
\u00a3200.0m
\u00a3200.0m
22 August 2027
The Group has various bank overdraft facilities and uncommitted borrowing facilities that are subject to floating interest rates linked to SONIA and money market rates as applicable. However, these were not utilised in the current period or prior year. Weighted average interest rates are disclosed in note 6. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-502": { "value": "Changes in liabilities arising from financing activities are shown below:
Group
Company
Total Lease Total Lease
borrowings liabilities Total borrowings liabilities Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Liabilities from financing
activities at 1 July 2023
(203.4)
(46.2)
(249.6)
(200.0)
(4.2)
(204.2)
Financing cash flows
\u2014
16.5
16.5
\u2014
0.9
0.9
Other movements
3.4
(13.1)
(9.7)
\u2014
2.0
2.0
Liabilities arising from
financing activities
at 30 June 2024
(200.0)
(42.8)
(242.8)
(200.0)
(1.3)
(201.3)
Financing cash flows
\u2014
20.1
20.1
\u2014
1.0
1.0
Acquired through
acquisition of Redrow
(note 10)
\u2014
(9.2)
(9.2)
\u2014
\u2014
\u2014
Other movements
\u2014
(23.3)
(23.3)
\u2014
(3.7)
(3.7)
Liabilities arising from
financing activities
at 29 June 2025
(200.0)
(55.2)
(255.2)
(200.0)
(4.0)
(204.0)
", "dimensions": { "concept": "ifrs-full:DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-541": { "value": "Loans and borrowings Interest-bearing loans and overdrafts are initially recognised at fair value less directly attributable transaction costs and subsequently measured at amortised cost, being the amount recorded at recognition plus accrued interest applied to the account less any repayments made. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-535": { "value": "Loans and borrowings Interest-bearing loans and overdrafts are initially recognised at fair value less directly attributable transaction costs and subsequently measured at amortised cost, being the amount recorded at recognition plus accrued interest applied to the account less any repayments made. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-522": { "value": "Loans and borrowings Interest-bearing loans and overdrafts are initially recognised at fair value less directly attributable transaction costs and subsequently measured at amortised cost, being the amount recorded at recognition plus accrued interest applied to the account less any repayments made. Recognition Financial assets and financial liabilities are recognised on the Balance Sheet in accordance with IFRS 9: \u2018Financial Instruments\u2019 when the Group becomes a party to the contractual provisions of the instrument. The Group derecognises a financial asset only when the contractual rights to the cash flows from the asset expire or it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. The Group derecognises a financial liability only when the Group\u2019s obligations are discharged or cancelled or they expire. Classification and measurement All non-derivative financial assets are classified in accordance with IFRS 9 as \u201csubsequently measured at amortised cost\u201d. All non-derivative financial liabilities are classified as \u201csubsequently measured at amortised cost\u201d. Financial assets and liabilities subsequently measured at amortised cost are initially recognised at fair value determined based on discounted cash flow analysis using current market rates for similar instruments. They are subsequently measured at amortised cost using the \u201ceffective interest rate\u201d method. Financial assets are also measured after recognition of any impairment, which is included within administrative expenses in the Income Statement. Financial liabilities are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the balance sheet date. Impairment A loss allowance is recognised for expected credit losses on financial assets as described in note 17. Any impairment is recognised immediately in the Income Statement. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-445": { "value": "19. Trade and other payables Trade and other payables Trade and other payables are not interest bearing and are initially recorded at fair value. Subsequent measurement is at amortised cost. Trade and other payables on extended terms, particularly in respect of land, are recorded at their fair value at the date of acquisition of the asset to which they relate by discounting at prevailing market interest rates at the date of recognition. The discount to nominal value, which will be paid in settling the deferred purchase terms liability, is amortised over the period of the credit term and charged to finance costs using the \u201ceffective interest rate\u201d method.
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Non-current liabilities
Land payables
372.1
165.0
\u2014
\u2014
Other payables
10.4
7.0
\u2014
\u2014
382.5
172.0
\u2014
\u2014
Current liabilities
Trade payables
507.6
252.7
1.9
2.8
Land payables
437.3
307.8
\u2014
\u2014
Contract liabilities
21
101.9
69.4
\u2014
\u2014
Amounts due to subsidiary undertakings
\u2014
\u2014
100.2
91.3
Accruals
478.0
399.2
61.3
34.1
Other tax and social security
19.8
14.8
\u2014
\u2014
Other payables
13.4
11.2
\u2014
\u2014
1,558.0
1,055.1
163.4
128.2
Other payables classified as non-current liabilities at 29 June 2025 include amounts accrued for
payment of the CITB levy and other sundry accruals. Other non-current payables are unsecured
and non-interest bearing.
The carrying amount of trade payables approximates to their fair value.
Land payables are classified as non-current or current depending on the contractual maturity date
of future cash flows.
Accruals principally comprise accrued site-based expenses and employee costs, and include
a social security accrual relating to share-based payments (note 27). The Group has
\u00a3461.5m (2024: \u00a3179.3m) of payables secured by legal charges on land and buildings included
within inventories.
Amounts due to subsidiary undertakings are unsecured. A market rate of interest averaging 4.0%
(2024: 4.0%) is earned on loan accounts; current accounts are interest free.
Further disclosures relating to financial liabilities are set out in note 22.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-523": { "value": "Trade and other payables Trade and other payables are not interest bearing and are initially recorded at fair value. Subsequent measurement is at amortised cost. Trade and other payables on extended terms, particularly in respect of land, are recorded at their fair value at the date of acquisition of the asset to which they relate by discounting at prevailing market interest rates at the date of recognition. The discount to nominal value, which will be paid in settling the deferred purchase terms liability, is amortised over the period of the credit term and charged to finance costs using the \u201ceffective interest rate\u201d method. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-471": { "value": "
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Non-current liabilities
Land payables
372.1
165.0
\u2014
\u2014
Other payables
10.4
7.0
\u2014
\u2014
382.5
172.0
\u2014
\u2014
Current liabilities
Trade payables
507.6
252.7
1.9
2.8
Land payables
437.3
307.8
\u2014
\u2014
Contract liabilities
21
101.9
69.4
\u2014
\u2014
Amounts due to subsidiary undertakings
\u2014
\u2014
100.2
91.3
Accruals
478.0
399.2
61.3
34.1
Other tax and social security
19.8
14.8
\u2014
\u2014
Other payables
13.4
11.2
\u2014
\u2014
1,558.0
1,055.1
163.4
128.2
Other payables classified as non-current liabilities at 29 June 2025 include amounts accrued for payment of the CITB levy and other sundry accruals. Other non-current payables are unsecured and non-interest bearing. The carrying amount of trade payables approximates to their fair value. Land payables are classified as non-current or current depending on the contractual maturity date of future cash flows. Accruals principally comprise accrued site-based expenses and employee costs, and include a social security accrual relating to share-based payments (note 27). The Group has \u00a3461.5m (2024: \u00a3179.3m) of payables secured by legal charges on land and buildings included within inventories. Amounts due to subsidiary undertakings are unsecured. A market rate of interest averaging 4.0% (2024: 4.0%) is earned on loan accounts; current accounts are interest free. Further disclosures relating to financial liabilities are set out in note 22.", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-490": { "value": "
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Non-current liabilities
Land payables
372.1
165.0
\u2014
\u2014
Other payables
10.4
7.0
\u2014
\u2014
382.5
172.0
\u2014
\u2014
Current liabilities
Trade payables
507.6
252.7
1.9
2.8
Land payables
437.3
307.8
\u2014
\u2014
Contract liabilities
21
101.9
69.4
\u2014
\u2014
Amounts due to subsidiary undertakings
\u2014
\u2014
100.2
91.3
Accruals
478.0
399.2
61.3
34.1
Other tax and social security
19.8
14.8
\u2014
\u2014
Other payables
13.4
11.2
\u2014
\u2014
1,558.0
1,055.1
163.4
128.2
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-503": { "value": "
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Notes \u00a3m \u00a3m \u00a3m \u00a3m
Non-current liabilities
Land payables
372.1
165.0
\u2014
\u2014
Other payables
10.4
7.0
\u2014
\u2014
382.5
172.0
\u2014
\u2014
Current liabilities
Trade payables
507.6
252.7
1.9
2.8
Land payables
437.3
307.8
\u2014
\u2014
Contract liabilities
21
101.9
69.4
\u2014
\u2014
Amounts due to subsidiary undertakings
\u2014
\u2014
100.2
91.3
Accruals
478.0
399.2
61.3
34.1
Other tax and social security
19.8
14.8
\u2014
\u2014
Other payables
13.4
11.2
\u2014
\u2014
1,558.0
1,055.1
163.4
128.2
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-472": { "value": "20. Provisions Provisions Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, and it is probable that the Group will be required to settle that obligation. Provisions are measured at the Directors\u2019 best estimate of the expenditure required to settle the obligation at the balance sheet date and are discounted to present value where the effect is material.
Group
Legacy
Costs in Legacy properties
relation properties \u2013 reinforced
to completed \u2013 building concrete Other
developments safety frames provisions Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2024
190.9
628.1
102.2
\u2014
921.2
Amounts reclassified
(14.8)
33.6
(18.8)
\u2014
\u2014
Fair value of provisions assumed in
the acquisition of Redrow (note 10)
114.1
184.3
105.2
6.0
409.6
Net additions to provisions in
the period
22.7
108.9
\u2014
0.1
131.7
Sites reclassified to completed
developments
48.1
\u2014
\u2014
\u2014
48.1
Revaluation
\u2014
(1.9)
(0.8)
\u2014
(2.7)
Imputed interest
\u2014
26.9
6.7
\u2014
33.6
Utilisation in the period
(69.6)
(93.5)
( 7.1)
\u2014
(170.2)
At 29 June 2025
291.4
886.4
187.4
6 .1
1,371.3
Group
29 June 30 June
2025 2024
\u00a3m \u00a3m
Current
783.2
378.0
Non-current
588.1
543.2
1,371.3
921.2
The Company had no provisions in either year. Costs in relation to completed developments Following the legal completion and handover to customers of all units on a site, the Group may retain obligations which are not settled for a number of years. These include costs in relation to the adoption of roads or public open space by local authorities, other contractual obligations to third parties and, in certain cases, the costs of remedial works where defects have been identified. Whilst a proportion of this cost will not be realised within 12 months, the Group has an obligation to complete the works immediately should it be requested to do so. The balance in total is therefore considered to be current in nature. All outstanding issues on completed developments are resolved as soon as is practicable. Legacy property provisions Building safety On 13 March 2023, the Group signed the Self-Remediation Terms and Contract, codifying the commitments previously made under the Building Safety Pledge to undertake, or to fund, remediation or mitigation works on external wall systems (EWS) on all buildings of 11 metres or above in England and Wales that it has developed or refurbished in the 30 years preceding the date of the Building Safety Pledge, and to reimburse the Government\u2019s Building Safety Fund wherever it has contributed to such activities. The Group has provided for the cost of fulfilling this commitment, as well as assisting with remedial work identified at a limited number of other legacy properties where it has a legal liability to do so, where relevant build issues have been identified, or where it is considered probable that such build issues exist. As a result of the acquisition of Redrow plc on 21 August 2024, the Group\u2019s obligations under the Self-Remediation Terms and Contract now include the relevant buildings developed or refurbished by the Redrow group of companies. The remediation of these buildings is now being managed with the benefit of the experience of the combined Group and the fair value of the obligations at the acquisition date included within provisions. In accordance with IFRS 3, as described in note 10, this includes the fair value of possible remediation works on properties for which there is currently no confirmation of works being required and which are deemed to be low risk, and consequently, in accordance with IAS 37, no liability was previously recognised in the financial statements of Redrow plc or its subsidiaries. At the Redrow acquisition date, 27 buildings with a height of over 11 metres were under active review by Redrow under the Self-Remediation Contract. Responsibility for these buildings was assumed by the Group on acquisition. Following contact from building owners regarding potential issues, a net further 18 buildings with a height of over 11 metres were added to the Group scope of works in the period, including one in the Redrow portfolio.
Responsibility Review
assumed confirmed
through no remediation,
the acquisition Identified for or remediation
30 June 2024 of Redrow review
completed
29 June 2025
Under review:
Buildings above
18 metres
146
17
10
(15)
158
Buildings
between 11
and 18 metres
116
10
9
(15)
120
Total buildings
262
27
19
(30)
278
Developments
92
12
11
(13)
102
At 29 June 2025, of the 278 buildings in the portfolio under review in the combined Group, 192 were at tender or site mobilisation or were in the process of being remediated (30 June 2024: 262 buildings, of which 137 were at tender or site mobilisation or were in the process of being remediated). As part of the ongoing works to remediate building safety issues, it has been identified that additional work on four buildings at one development in our Southern region is required to improve the fire protection of the internal structure. Additional costs have also been recognised for the remediation of newly identified issues at a large development in London that was already part of our building safety provision. An additional \u00a393.1m has been provided at the reporting date for these two developments, based on the current estimate of remediation cost. At 30 June 2024, the Group held \u00a314.8m in relation to completed developments and \u00a318.8m in relation to reinforced concrete frames in respect of the above two developments. All work at these developments is being undertaken under a single remediation programme and therefore all related amounts have been reclassified to be shown together in the building safety provision. A further \u00a315.8m has been provided in respect of minor cost increases across the rest of the portfolio. The Group continues to review all of its current and legacy buildings where it has used EWS or cladding solutions, assessing the action required in line with the latest updates to Government guidance as it applies to multi-storey and multi-occupied residential buildings. All our buildings, including those incorporating EWS or cladding solutions, were signed off by approved inspectors as compliant with the relevant Building Regulations at the time of completion. Management expect the majority of the works to be completed within four years. Estimated future costs are discounted to their present value using the yield for a UK gilt with maturity approximating the duration of the remediation programme. This is a complex area requiring significant estimates with respect to the estimates for the number of buildings affected, the individual remediation requirements of each building and the costs associated with that remediation (see also note 29). The investigation of the works required at some of the buildings is at an early stage and work at others is ongoing. Therefore, it is possible that the scope of works required could change. If government legislation and regulation further evolve, or if the estimated timing of work is affected by building owner engagement or contractor availability, these estimates could change. In relation to the Group\u2019s obligations under the Scottish Safer Buildings Accord, signed on 31 May 2023, and the Housing (Cladding Remediation) (Scotland) Act, passed on 21 June 2024, the external wall provision is recorded on the basis that the standard of remediation required in Scotland is consistent with England and Wales. This will be determined when the final contract with the Scottish Government is signed (see note 29). The estimates are based on key assumptions that will be updated as work and time progress. The sensitivity of the provision held at the balance sheet date, to the following possible movements in key assumptions, is shown below:
Increase/(decrease)
in provisions at
29 June 2025
Sensitivity \u00a3m
5% increase in estimated cost
44.3
5% increase in the number of buildings
46.3
100 bps increase in discount rate
(11.9)
Reinforced concrete frames The Group holds a provision for the remediation of reinforced concrete frames on developments designed by two engineering firms whose work has previously been found to be defective. The engineering firms involved in the above developments have been determined to also have been involved in the design of certain developments constructed by the Redrow group. Initial investigations have identified similar issues to those seen at the legacy Barratt buildings at four Redrow developments. Based on a high-level assessment of the probable cost of remediation, a provision of \u00a3105.2m has been included within the liabilities assumed through the acquisition of Redrow. For all developments where additional amounts have been provided at the reporting date, further analysis must be undertaken to determine both the exact locations within the developments which will need to be remediated and the nature of the work to be performed in each case, which may result in revisions to the estimated costs and time frame of delivery. Management expect the majority of the works to be completed within three years. Management has made estimates as to the future costs, the extent of the remedial works required and the costs of providing alternative accommodation to any residents affected by the remedial works. These Financial Statements have been prepared based on currently available information, including known costs and quotations where possible. However, the extent, cost and timing of remedial work may change as work progresses. 29. Contingent liabilities Contingent liabilities related to subsidiaries The Company has guaranteed certain bank borrowings of its subsidiary undertakings. Certain subsidiary undertakings have commitments for the purchase of trading stock entered into in the normal course of business. In the normal course of business, the Group has given counter-indemnities in respect of performance bonds and financial guarantees. At 29 June 2025 the bonds and guarantees amount to \u00a3626.8m (2024: \u00a3419.9m) and, at the date of approval of these Financial Statements, the possibility of cash outflow is immaterial and no provision is required. Building safety As disclosed in note 20, on 13 March 2023, the Group signed the Self-Remediation Terms and Contract, codifying the commitments previously made under the Building Safety Pledge. The Group is currently undertaking a review of all of its current and legacy buildings where it has used EWS or cladding solutions. Approved inspectors signed off all of our buildings, including the EWS or cladding used, as compliant with the relevant building regulations at the time of completion. At 29 June 2025, the Group held provisions of \u00a3886.4m (2024: \u00a3628.1m) in relation to building safety, based on management\u2019s best estimate of the cost and timing of remediation of in-scope buildings. It is possible that as remediation work proceeds, additional remedial works will be required which do not relate to EWS or cladding solutions. Such works may not have been identified from the reviews and physical inspections undertaken to date and may only be identified when detailed remediation work is in progress. Therefore, the nature, timing and extent of any such costs were unknown at the balance sheet date. It is also possible that the number of buildings requiring remediation may increase. This could occur because buildings which hold valid EWS1 certificates are found to require remediation or because investigatory works identify remediation not previously identified. In addition, we recognise that the retrospective review of building materials and fire safety matters continues to evolve. These Financial Statements have been prepared based on currently available information and regulatory guidance. However, these estimates may be updated if government legislation and regulation further evolve. On 31 May 2023 the Group signed the Scottish Safer Buildings Accord, committing to resolve life-critical fire safety defects in multi-occupancy residential domestic or part-domestic buildings, over 11 metres in Scotland, built by us as a developer in the period of 30 years to 1 June 2022. This Accord is not legally binding, but we are committed to working in good faith with the Scottish Government to agree a legal form contract. The Group has undertaken preliminary cost assessments at multi-occupancy buildings over 11 metres in Scotland at which fire safety defects have been identified. The Group\u2019s EWS provision at 29 June 2025 reflects the outcome of these assessments, based on the assumption that the standard of remediation required in Scotland is consistent with that in England and Wales. The Housing (Cladding Remediation) (Scotland) Act 2024, which became law on 21 June 2024, has provided a framework on which the remediation programme in Scotland can be based but requires secondary legislation and further contractual agreement with developers to determine the details. The estimated cost may vary depending on the final form of the developer remediation contract agreed with the Scottish Government. In November 2024, an investigation by the Institution of Fire Engineers concluded that one of its members had failed to maintain professional standards and terminated his membership. The firm at which the individual worked has provided fire risk assessments on a number of buildings which the Group has developed. Impact assessments for affected buildings are ongoing and there has been nothing to suggest that a change to the provision is required at the reporting date. During the prior year, warranty providers received claims under warranties for building safety matters on three developments historically delivered by the Group. Further investigation is required to determine whether the nature and extent of any remediation work are incremental to that already expected and we expect this process to be completed during FY26. Reinforced concrete frames As disclosed in note 20, the Group is undertaking remediation at developments designed by certain engineering firms or associated companies. The Financial Statements have been prepared based on currently available information; however, the detailed review is ongoing and the extent and cost of any remedial work may change as this work progresses. We are actively seeking to recover costs from third parties in respect of building safety and reinforced concrete frames; however, there is no certainty regarding the extent of any financial recovery. Contingent liabilities relating to JVs The Group has given counter-indemnities in respect of performance bonds and financial guarantees to its JVs totalling \u00a311.9m at 29 June 2025 (2024: \u00a35.0m). The Group has also given a number of performance guarantees in respect of the obligations of its JVs, requiring the Group to complete development agreement contractual obligations in the event that the JVs do not perform as required under the terms of the related contracts. At 29 June 2025, the probability of any loss to the Group resulting from these guarantees is considered to be remote.
Contingent liabilities related to legal claims
Provision is made for the Directors\u2019 best estimates of all known material legal claims and all legal
actions in progress. The Group takes legal advice as to the likelihood of success of claims and
actions and no provision is made (other than for legal costs) where the Directors consider, based on
such advice, that claims or actions are unlikely to succeed, or a sufficiently reliable estimate of the
potential obligations cannot be made.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-446": { "value": "20. Provisions Provisions Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, and it is probable that the Group will be required to settle that obligation. Provisions are measured at the Directors\u2019 best estimate of the expenditure required to settle the obligation at the balance sheet date and are discounted to present value where the effect is material.
Group
Legacy
Costs in Legacy properties
relation properties \u2013 reinforced
to completed \u2013 building concrete Other
developments safety frames provisions Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 July 2024
190.9
628.1
102.2
\u2014
921.2
Amounts reclassified
(14.8)
33.6
(18.8)
\u2014
\u2014
Fair value of provisions assumed in
the acquisition of Redrow (note 10)
114.1
184.3
105.2
6.0
409.6
Net additions to provisions in
the period
22.7
108.9
\u2014
0.1
131.7
Sites reclassified to completed
developments
48.1
\u2014
\u2014
\u2014
48.1
Revaluation
\u2014
(1.9)
(0.8)
\u2014
(2.7)
Imputed interest
\u2014
26.9
6.7
\u2014
33.6
Utilisation in the period
(69.6)
(93.5)
( 7.1)
\u2014
(170.2)
At 29 June 2025
291.4
886.4
187.4
6 .1
1,371.3
Group
29 June 30 June
2025 2024
\u00a3m \u00a3m
Current
783.2
378.0
Non-current
588.1
543.2
1,371.3
921.2
The Company had no provisions in either year. Costs in relation to completed developments Following the legal completion and handover to customers of all units on a site, the Group may retain obligations which are not settled for a number of years. These include costs in relation to the adoption of roads or public open space by local authorities, other contractual obligations to third parties and, in certain cases, the costs of remedial works where defects have been identified. Whilst a proportion of this cost will not be realised within 12 months, the Group has an obligation to complete the works immediately should it be requested to do so. The balance in total is therefore considered to be current in nature. All outstanding issues on completed developments are resolved as soon as is practicable. Legacy property provisions Building safety On 13 March 2023, the Group signed the Self-Remediation Terms and Contract, codifying the commitments previously made under the Building Safety Pledge to undertake, or to fund, remediation or mitigation works on external wall systems (EWS) on all buildings of 11 metres or above in England and Wales that it has developed or refurbished in the 30 years preceding the date of the Building Safety Pledge, and to reimburse the Government\u2019s Building Safety Fund wherever it has contributed to such activities. The Group has provided for the cost of fulfilling this commitment, as well as assisting with remedial work identified at a limited number of other legacy properties where it has a legal liability to do so, where relevant build issues have been identified, or where it is considered probable that such build issues exist. As a result of the acquisition of Redrow plc on 21 August 2024, the Group\u2019s obligations under the Self-Remediation Terms and Contract now include the relevant buildings developed or refurbished by the Redrow group of companies. The remediation of these buildings is now being managed with the benefit of the experience of the combined Group and the fair value of the obligations at the acquisition date included within provisions. In accordance with IFRS 3, as described in note 10, this includes the fair value of possible remediation works on properties for which there is currently no confirmation of works being required and which are deemed to be low risk, and consequently, in accordance with IAS 37, no liability was previously recognised in the financial statements of Redrow plc or its subsidiaries. At the Redrow acquisition date, 27 buildings with a height of over 11 metres were under active review by Redrow under the Self-Remediation Contract. Responsibility for these buildings was assumed by the Group on acquisition. Following contact from building owners regarding potential issues, a net further 18 buildings with a height of over 11 metres were added to the Group scope of works in the period, including one in the Redrow portfolio.
Responsibility Review
assumed confirmed
through no remediation,
the acquisition Identified for or remediation
30 June 2024 of Redrow review
completed
29 June 2025
Under review:
Buildings above
18 metres
146
17
10
(15)
158
Buildings
between 11
and 18 metres
116
10
9
(15)
120
Total buildings
262
27
19
(30)
278
Developments
92
12
11
(13)
102
At 29 June 2025, of the 278 buildings in the portfolio under review in the combined Group, 192 were at tender or site mobilisation or were in the process of being remediated (30 June 2024: 262 buildings, of which 137 were at tender or site mobilisation or were in the process of being remediated). As part of the ongoing works to remediate building safety issues, it has been identified that additional work on four buildings at one development in our Southern region is required to improve the fire protection of the internal structure. Additional costs have also been recognised for the remediation of newly identified issues at a large development in London that was already part of our building safety provision. An additional \u00a393.1m has been provided at the reporting date for these two developments, based on the current estimate of remediation cost. At 30 June 2024, the Group held \u00a314.8m in relation to completed developments and \u00a318.8m in relation to reinforced concrete frames in respect of the above two developments. All work at these developments is being undertaken under a single remediation programme and therefore all related amounts have been reclassified to be shown together in the building safety provision. A further \u00a315.8m has been provided in respect of minor cost increases across the rest of the portfolio. The Group continues to review all of its current and legacy buildings where it has used EWS or cladding solutions, assessing the action required in line with the latest updates to Government guidance as it applies to multi-storey and multi-occupied residential buildings. All our buildings, including those incorporating EWS or cladding solutions, were signed off by approved inspectors as compliant with the relevant Building Regulations at the time of completion. Management expect the majority of the works to be completed within four years. Estimated future costs are discounted to their present value using the yield for a UK gilt with maturity approximating the duration of the remediation programme. This is a complex area requiring significant estimates with respect to the estimates for the number of buildings affected, the individual remediation requirements of each building and the costs associated with that remediation (see also note 29). The investigation of the works required at some of the buildings is at an early stage and work at others is ongoing. Therefore, it is possible that the scope of works required could change. If government legislation and regulation further evolve, or if the estimated timing of work is affected by building owner engagement or contractor availability, these estimates could change. In relation to the Group\u2019s obligations under the Scottish Safer Buildings Accord, signed on 31 May 2023, and the Housing (Cladding Remediation) (Scotland) Act, passed on 21 June 2024, the external wall provision is recorded on the basis that the standard of remediation required in Scotland is consistent with England and Wales. This will be determined when the final contract with the Scottish Government is signed (see note 29). The estimates are based on key assumptions that will be updated as work and time progress. The sensitivity of the provision held at the balance sheet date, to the following possible movements in key assumptions, is shown below:
Increase/(decrease)
in provisions at
29 June 2025
Sensitivity \u00a3m
5% increase in estimated cost
44.3
5% increase in the number of buildings
46.3
100 bps increase in discount rate
(11.9)
Reinforced concrete frames
The Group holds a provision for the remediation of reinforced concrete frames on developments
designed by two engineering firms whose work has previously been found to be defective.
The engineering firms involved in the above developments have been determined to also have been
involved in the design of certain developments constructed by the Redrow group. Initial investigations
have identified similar issues to those seen at the legacy Barratt buildings at four Redrow
developments. Based on a high-level assessment of the probable cost of remediation, a provision
of \u00a3105.2m has been included within the liabilities assumed through the acquisition of Redrow.
For all developments where additional amounts have been provided at the reporting date, further
analysis must be undertaken to determine both the exact locations within the developments
which will need to be remediated and the nature of the work to be performed in each case, which
may result in revisions to the estimated costs and time frame of delivery.
Management expect the majority of the works to be completed within three years. Management
has made estimates as to the future costs, the extent of the remedial works required and the
costs of providing alternative accommodation to any residents affected by the remedial works.
These Financial Statements have been prepared based on currently available information,
including known costs and quotations where possible. However, the extent, cost and timing of
remedial work may change as work progresses.
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-524": { "value": "Provisions Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, and it is probable that the Group will be required to settle that obligation. Provisions are measured at the Directors\u2019 best estimate of the expenditure required to settle the obligation at the balance sheet date and are discounted to present value where the effect is material. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-447": { "value": "21. Contract assets and liabilities Contract assets and liabilities Contract assets relate to amounts due from customers primarily for construction work completed but not invoiced at the balance sheet date in relation to contracts where revenue is recognised over time. These amounts are included in trade and other receivables. The Group has taken advantage of the practical expedient in paragraph 94 of IFRS 15 to immediately expense the incremental costs of obtaining contracts where the amortisation period of the assets would have been one year or less. Contract liabilities relate to payments received from the customer on the contract, and/or amounts invoiced to the customer in advance of the Group performing its obligations on contracts where revenue is recognised either over time or at a point in time. These amounts are included within trade and other payables.
Significant changes in contract assets and liabilities are as follows:
revenue is recognised Contracts on which revenue is recognised Contracts on which
over time at a point in time
52 weeks 52 weeks
ended Year ended ended Year ended
29 June 30 June 29 June 30 June
2025 2024 2025 2024
\u00a3m \u00a3m \u00a3m \u00a3m
At 1 July:
Amounts included within trade and
other payables
(4.2)
(9.6)
(65.2)
(79.6)
Amounts included within trade and
other receivables
6.9
21.3
\u2014
\u2014
2.7
11.7
(65.2)
(79.6)
Movements in the period:
Performance obligations satisfied in the period
175.8
218.2
5,402.5
3,950.0
Amounts invoiced in the period
(192.2)
(226.9)
(5,284.1)
(3,870.4)
Amounts acquired with Redrow
7.3
\u2014
(53.2)
\u2014
Movements in retention
(0.2)
(0.3)
\u2014
\u2014
Cash received for performance obligations not
yet satisfied
\u2014
\u2014
(85.4)
(65.2)
At balance sheet date
(6.6)
2.7
(85.4)
(65.2)
Analysed as:
Amounts included within trade and
other payables
(16.5)
(4.2)
(85.4)
(65.2)
Amounts included within trade and
other receivables
9.9
6.9
\u2014
\u2014
Further revenue of \u00a3187.7m (2024: \u00a374.6m) is expected to be recognised in future periods in respect
of contracts on which revenue is recognised over time, of which 79.0% (2024: 66.6%) is expected
to be recognised within 12 months of the balance sheet date.
The Company had no contract assets or liabilities in either year.
", "dimensions": { "concept": "barrattdevelopments:DisclosureOfContractAssetsAndLiabilities", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-525": { "value": "Contract assets and liabilities Contract assets relate to amounts due from customers primarily for construction work completed but not invoiced at the balance sheet date in relation to contracts where revenue is recognised over time. These amounts are included in trade and other receivables. The Group has taken advantage of the practical expedient in paragraph 94 of IFRS 15 to immediately expense the incremental costs of obtaining contracts where the amortisation period of the assets would have been one year or less. Contract liabilities relate to payments received from the customer on the contract, and/or amounts invoiced to the customer in advance of the Group performing its obligations on contracts where revenue is recognised either over time or at a point in time. These amounts are included within trade and other payables. ", "dimensions": { "concept": "barrattdevelopments:DescriptionOfAccountingPolicyForContractAssetsAndLiabilities", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-504": { "value": "22. Financial instruments Recognition Financial assets and financial liabilities are recognised on the Balance Sheet in accordance with IFRS 9: \u2018Financial Instruments\u2019 when the Group becomes a party to the contractual provisions of the instrument. The Group derecognises a financial asset only when the contractual rights to the cash flows from the asset expire or it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. The Group derecognises a financial liability only when the Group\u2019s obligations are discharged or cancelled or they expire. Classification and measurement All non-derivative financial assets are classified in accordance with IFRS 9 as \u201csubsequently measured at amortised cost\u201d. All non-derivative financial liabilities are classified as \u201csubsequently measured at amortised cost\u201d. Financial assets and liabilities subsequently measured at amortised cost are initially recognised at fair value determined based on discounted cash flow analysis using current market rates for similar instruments. They are subsequently measured at amortised cost using the \u201ceffective interest rate\u201d method. Financial assets are also measured after recognition of any impairment, which is included within administrative expenses in the Income Statement. Financial liabilities are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the balance sheet date. Impairment A loss allowance is recognised for expected credit losses on financial assets as described in note 17. Any impairment is recognised immediately in the Income Statement. Financial assets The carrying values and fair values of the Group and Company financial assets are as follows:
Group
Company
29 June 2025
30 June 2024
29 June 2025
30 June 2024
Fair Carrying Fair Carrying Fair Carrying Fair Carrying
value value value value value value value value
Notes \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cash and cash
equivalents
18
969.6
969.6
1,065.3
1,065.3
654.7
654.7
827.6
827.6
Measured at
amortised
cost:
Trade and
other
receivables
1
158.6
158.6
133.8
133.8
2.9
2.9
4.6
4.6
Intercompany
receivables
17
\u2014
\u2014
\u2014
\u2014
5,713.5
5,713.5
245.1
245.1
Total financial
assets
1,128.2
1,128.2
1,199.1
1,199.1
6,371.1
6,371.1
1,077.3
1,077.3
1 Excludes amounts recoverable on contracts, prepayments and accrued income, and tax and social security. Financial liabilities The carrying values and fair values of the Group and Company financial liabilities are as follows:
Group
Company
29 June 2025
30 June 2024
29 June 2025
30 June 2024
Fair Carrying Fair Carrying Fair Carrying Fair Carrying
value value value value value value value value
Notes \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Measured at
amortised cost:
Loans and
borrowings
18
189.4
200.0
184.2
200.0
189.4
200.0
184.2
200.0
Trade and
other payables
1
1,608.4
1,659.2
991.5
1,025.9
25.3
25.3
20.6
20.6
Intercompany
payables
19
\u2014
\u2014
\u2014
\u2014
100.2
100.2
91.3
91.3
Lease liabilities
15
55.2
55.2
42.8
42.8
4.0
4.0
1.3
1.3
Total financial
liabilities
1,853.0
1,914.4
1,218.5
1,268.7
318.9
329.5
297.4
313.2
1 Excludes deferred income, payments received in excess of amounts recoverable on contracts, tax and social security and other non-financial liabilities. The fair values of liabilities in the above table have been determined using discounted cash flows based on observable market data other than quoted prices in active markets for identical liabilities. Trade and other payables include items secured by legal charges as disclosed in note 19. Financial instruments gains and losses The net (gains)/losses recorded in the Consolidated Income Statement, in respect of financial instruments (excluding interest shown in note 6), are as follows:
52 weeks
ended Year ended
29 June 30 June
2025 2024
Notes \u00a3m \u00a3m
Financial assets measured at amortised cost
Trade receivables \u2014 loss allowance charge
17
4.2
2.3
Recoveries of amounts previously written off
17
(6.0)
(3.3)
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-491": { "value": "22. Financial instruments Recognition Financial assets and financial liabilities are recognised on the Balance Sheet in accordance with IFRS 9: \u2018Financial Instruments\u2019 when the Group becomes a party to the contractual provisions of the instrument. The Group derecognises a financial asset only when the contractual rights to the cash flows from the asset expire or it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. The Group derecognises a financial liability only when the Group\u2019s obligations are discharged or cancelled or they expire. Classification and measurement All non-derivative financial assets are classified in accordance with IFRS 9 as \u201csubsequently measured at amortised cost\u201d. All non-derivative financial liabilities are classified as \u201csubsequently measured at amortised cost\u201d. Financial assets and liabilities subsequently measured at amortised cost are initially recognised at fair value determined based on discounted cash flow analysis using current market rates for similar instruments. They are subsequently measured at amortised cost using the \u201ceffective interest rate\u201d method. Financial assets are also measured after recognition of any impairment, which is included within administrative expenses in the Income Statement. Financial liabilities are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the balance sheet date. Impairment A loss allowance is recognised for expected credit losses on financial assets as described in note 17. Any impairment is recognised immediately in the Income Statement. Financial assets The carrying values and fair values of the Group and Company financial assets are as follows:
Group
Company
29 June 2025
30 June 2024
29 June 2025
30 June 2024
Fair Carrying Fair Carrying Fair Carrying Fair Carrying
value value value value value value value value
Notes \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cash and cash
equivalents
18
969.6
969.6
1,065.3
1,065.3
654.7
654.7
827.6
827.6
Measured at
amortised
cost:
Trade and
other
receivables
1
158.6
158.6
133.8
133.8
2.9
2.9
4.6
4.6
Intercompany
receivables
17
\u2014
\u2014
\u2014
\u2014
5,713.5
5,713.5
245.1
245.1
Total financial
assets
1,128.2
1,128.2
1,199.1
1,199.1
6,371.1
6,371.1
1,077.3
1,077.3
1 Excludes amounts recoverable on contracts, prepayments and accrued income, and tax and social security. Financial liabilities The carrying values and fair values of the Group and Company financial liabilities are as follows:
Group
Company
29 June 2025
30 June 2024
29 June 2025
30 June 2024
Fair Carrying Fair Carrying Fair Carrying Fair Carrying
value value value value value value value value
Notes \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Measured at
amortised cost:
Loans and
borrowings
18
189.4
200.0
184.2
200.0
189.4
200.0
184.2
200.0
Trade and
other payables
1
1,608.4
1,659.2
991.5
1,025.9
25.3
25.3
20.6
20.6
Intercompany
payables
19
\u2014
\u2014
\u2014
\u2014
100.2
100.2
91.3
91.3
Lease liabilities
15
55.2
55.2
42.8
42.8
4.0
4.0
1.3
1.3
Total financial
liabilities
1,853.0
1,914.4
1,218.5
1,268.7
318.9
329.5
297.4
313.2
1 Excludes deferred income, payments received in excess of amounts recoverable on contracts, tax and social security and other non-financial liabilities. The fair values of liabilities in the above table have been determined using discounted cash flows based on observable market data other than quoted prices in active markets for identical liabilities. Trade and other payables include items secured by legal charges as disclosed in note 19. Financial instruments gains and losses The net (gains)/losses recorded in the Consolidated Income Statement, in respect of financial instruments (excluding interest shown in note 6), are as follows:
52 weeks
ended Year ended
29 June 30 June
2025 2024
Notes \u00a3m \u00a3m
Financial assets measured at amortised cost
Trade receivables \u2014 loss allowance charge
17
4.2
2.3
Recoveries of amounts previously written off
17
(6.0)
(3.3)
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-536": { "value": "Recognition Financial assets and financial liabilities are recognised on the Balance Sheet in accordance with IFRS 9: \u2018Financial Instruments\u2019 when the Group becomes a party to the contractual provisions of the instrument. The Group derecognises a financial asset only when the contractual rights to the cash flows from the asset expire or it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. The Group derecognises a financial liability only when the Group\u2019s obligations are discharged or cancelled or they expire.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-537": { "value": " Impairment A loss allowance is recognised for expected credit losses on financial assets as described in note 17. Any impairment is recognised immediately in the Income Statement. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-473": { "value": "Financial assets The carrying values and fair values of the Group and Company financial assets are as follows:
Group
Company
29 June 2025
30 June 2024
29 June 2025
30 June 2024
Fair Carrying Fair Carrying Fair Carrying Fair Carrying
value value value value value value value value
Notes \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Cash and cash
equivalents
18
969.6
969.6
1,065.3
1,065.3
654.7
654.7
827.6
827.6
Measured at
amortised
cost:
Trade and
other
receivables
1
158.6
158.6
133.8
133.8
2.9
2.9
4.6
4.6
Intercompany
receivables
17
\u2014
\u2014
\u2014
\u2014
5,713.5
5,713.5
245.1
245.1
Total financial
assets
1,128.2
1,128.2
1,199.1
1,199.1
6,371.1
6,371.1
1,077.3
1,077.3
1 Excludes amounts recoverable on contracts, prepayments and accrued income, and tax and social security. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-474": { "value": "Financial liabilities The carrying values and fair values of the Group and Company financial liabilities are as follows:
Group
Company
29 June 2025
30 June 2024
29 June 2025
30 June 2024
Fair Carrying Fair Carrying Fair Carrying Fair Carrying
value value value value value value value value
Notes \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Measured at
amortised cost:
Loans and
borrowings
18
189.4
200.0
184.2
200.0
189.4
200.0
184.2
200.0
Trade and
other payables
1
1,608.4
1,659.2
991.5
1,025.9
25.3
25.3
20.6
20.6
Intercompany
payables
19
\u2014
\u2014
\u2014
\u2014
100.2
100.2
91.3
91.3
Lease liabilities
15
55.2
55.2
42.8
42.8
4.0
4.0
1.3
1.3
Total financial
liabilities
1,853.0
1,914.4
1,218.5
1,268.7
318.9
329.5
297.4
313.2
1 Excludes deferred income, payments received in excess of amounts recoverable on contracts, tax and social security and other non-financial liabilities. The fair values of liabilities in the above table have been determined using discounted cash flows based on observable market data other than quoted prices in active markets for identical liabilities. Trade and other payables include items secured by legal charges as disclosed in note 19. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-475": { "value": "23. Share capital Equity instruments Ordinary share capital is recorded at the proceeds received, net of direct issue costs, and is classified as equity. Ordinary share capital
29 June 30 June
2025 2024
Allotted and issued ordinary shares \u00a3m \u00a3m
10p each fully paid: 1,439,933,173 (2024: 974,592,261)
ordinary shares
144.0
97.4
52 weeks
ended Year ended
29 June 30 June
2025 2024
Options over the Company\u2019s shares granted during the period Number Number
LTPP
5,227,111
4,497,287
Sharesave
3,662,634
2,549,465
DBP
838,130
107,057
ELTIP
868,110
1,972,714
10,595,985
9,126,523
52 weeks
ended Year ended
29 June 30 June
2025 2024
Cancellation/allotment of shares during the period Number Number
At 1 July
974,592,261
974,584,613
Buyback and cancellation of shares in the period
(11,162,743)
\u2014
Issued to Redrow plc shareholders as consideration for the
acquisition of Redrow
465,663,607
\u2014
Issued to the EBT to satisfy legacy Redrow share option schemes
10,840,048
\u2014
Issued to satisfy exercises under Sharesave schemes
\u2014
7,648
At balance sheet date
1,439,933,173
974,592,261
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-448": { "value": "23. Share capital Equity instruments Ordinary share capital is recorded at the proceeds received, net of direct issue costs, and is classified as equity. Ordinary share capital
29 June 30 June
2025 2024
Allotted and issued ordinary shares \u00a3m \u00a3m
10p each fully paid: 1,439,933,173 (2024: 974,592,261)
ordinary shares
144.0
97.4
52 weeks
ended Year ended
29 June 30 June
2025 2024
Options over the Company\u2019s shares granted during the period Number Number
LTPP
5,227,111
4,497,287
Sharesave
3,662,634
2,549,465
DBP
838,130
107,057
ELTIP
868,110
1,972,714
10,595,985
9,126,523
52 weeks
ended Year ended
29 June 30 June
2025 2024
Cancellation/allotment of shares during the period Number Number
At 1 July
974,592,261
974,584,613
Buyback and cancellation of shares in the period
(11,162,743)
\u2014
Issued to Redrow plc shareholders as consideration for the
acquisition of Redrow
465,663,607
\u2014
Issued to the EBT to satisfy legacy Redrow share option schemes
10,840,048
\u2014
Issued to satisfy exercises under Sharesave schemes
\u2014
7,648
At balance sheet date
1,439,933,173
974,592,261
24. Merger reserve The merger reserve comprises the non-statutory premium arising on shares issued as consideration for the acquisition of subsidiaries where merger relief under Section 612 of the Companies Act 2006 applies. During the current 52 week period, on 21 August 2024, the Group acquired 100% of the share capital of Redrow plc in an all share transaction. The non-statutory premium of \u00a32,482.0m arising on the shares issued and accrued as consideration for the acquisition has been credited to the merger reserve (see note 10). 25. Capital redemption reserve During the period the Company purchased 11,162,743 of its own shares in the market which were cancelled during the period. The nominal value of these shares was transferred to the capital redemption reserve. A further 108,064 shares were purchased in the period and cancelled after the balance sheet date.
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
As at 1 July
4.8
4.8
Amounts transferred in respect of own shares purchased and
cancelled during the period
1.1
\u2014
At balance sheet date
5.9
4.8
26. Own shares reserve Own shares Own shares purchased by the Company or issued to the EBT are recorded at cost and held in the own shares reserve. The own shares reserve represents the cost of shares in Barratt Redrow plc (formerly Barratt Developments PLC) purchased in the market or issued by the Company and held by the Barratt EBT and the Redrow EBT on behalf of the Company in order to satisfy options and awards that have been granted by the Company or were granted by Redrow plc prior to its acquisition by the Company on 21 August 2024. In the current year the own shares reserve also holds 108,064 shares purchased by the Company as part of the share buyback programme which were cancelled on 30 June 2025.
Market value (at 473.9p
Number of shares
Cost of shares
(2024: 472.2p) per share)
29 June 30 June 29 June 30 June 29 June 30 June
2025 2024 2025 2024 2025 2024
Number Number \u00a3m \u00a3m \u00a3m \u00a3m
EBT shares
13,716,260
8,063,747
26.2
36.9
65.0
38.1
Shares purchased by
the Company awaiting
cancellation
108,064
\u2014
0.5
\u2014
0.5
\u2014
Total own shares
13,824,324
8,063,747
26.7
36.9
65.5
38.1
The Barratt EBT and the Redrow EBT have agreed to waive all or any future right to dividend
payments on shares held within the Barratt EBT and the Redrow EBT and these shares do not count
in the calculation of the weighted average number of shares used to calculate EPS until such time
as they are vested to the relevant employees.
The Barratt EBT purchased no shares in the market (2024: 5,000,000 shares). The Barratt EBT
disposed of 2,335,538 shares which were used to satisfy the vesting of the ELTIP, the DBP and
the LTPP schemes (2024: 1,351,813 shares used to satisfy the vesting of the ELTIP and the LTPP
schemes). A further 70,838 shares were used in the period in settlement of exercises under
Sharesave schemes (2024: 583,042 shares).
During the period the Company issued 10,840,048 shares to the Redrow EBT in exchange for the
shares held in Redrow plc. The Redrow EBT disposed of 2,430,661 shares which were used to
satisfy the early vesting of the Redrow LTIP and DBP schemes on acquisition. A further 321,920
shares were used in the period in settlement of exercises under Redrow SAYE schemes and 28,578
shares were used in settlement of early exercises under the LTPP Redrow Transition Award.
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-526": { "value": "Equity instruments Ordinary share capital is recorded at the proceeds received, net of direct issue costs, and is classified as equity. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-476": { "value": "24. Merger reserve The merger reserve comprises the non-statutory premium arising on shares issued as consideration for the acquisition of subsidiaries where merger relief under Section 612 of the Companies Act 2006 applies. During the current 52 week period, on 21 August 2024, the Group acquired 100% of the share capital of Redrow plc in an all share transaction. The non-statutory premium of \u00a32,482.0m arising on the shares issued and accrued as consideration for the acquisition has been credited to the merger reserve (see note 10). 25. Capital redemption reserve During the period the Company purchased 11,162,743 of its own shares in the market which were cancelled during the period. The nominal value of these shares was transferred to the capital redemption reserve. A further 108,064 shares were purchased in the period and cancelled after the balance sheet date.
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
As at 1 July
4.8
4.8
Amounts transferred in respect of own shares purchased and
cancelled during the period
1.1
\u2014
At balance sheet date
5.9
4.8
26. Own shares reserve Own shares Own shares purchased by the Company or issued to the EBT are recorded at cost and held in the own shares reserve. The own shares reserve represents the cost of shares in Barratt Redrow plc (formerly Barratt Developments PLC) purchased in the market or issued by the Company and held by the Barratt EBT and the Redrow EBT on behalf of the Company in order to satisfy options and awards that have been granted by the Company or were granted by Redrow plc prior to its acquisition by the Company on 21 August 2024. In the current year the own shares reserve also holds 108,064 shares purchased by the Company as part of the share buyback programme which were cancelled on 30 June 2025.
Market value (at 473.9p
Number of shares
Cost of shares
(2024: 472.2p) per share)
29 June 30 June 29 June 30 June 29 June 30 June
2025 2024 2025 2024 2025 2024
Number Number \u00a3m \u00a3m \u00a3m \u00a3m
EBT shares
13,716,260
8,063,747
26.2
36.9
65.0
38.1
Shares purchased by
the Company awaiting
cancellation
108,064
\u2014
0.5
\u2014
0.5
\u2014
Total own shares
13,824,324
8,063,747
26.7
36.9
65.5
38.1
The Barratt EBT and the Redrow EBT have agreed to waive all or any future right to dividend payments on shares held within the Barratt EBT and the Redrow EBT and these shares do not count in the calculation of the weighted average number of shares used to calculate EPS until such time as they are vested to the relevant employees. The Barratt EBT purchased no shares in the market (2024: 5,000,000 shares). The Barratt EBT disposed of 2,335,538 shares which were used to satisfy the vesting of the ELTIP, the DBP and the LTPP schemes (2024: 1,351,813 shares used to satisfy the vesting of the ELTIP and the LTPP schemes). A further 70,838 shares were used in the period in settlement of exercises under Sharesave schemes (2024: 583,042 shares). During the period the Company issued 10,840,048 shares to the Redrow EBT in exchange for the shares held in Redrow plc. The Redrow EBT disposed of 2,430,661 shares which were used to satisfy the early vesting of the Redrow LTIP and DBP schemes on acquisition. A further 321,920 shares were used in the period in settlement of exercises under Redrow SAYE schemes and 28,578 shares were used in settlement of early exercises under the LTPP Redrow Transition Award.", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-492": { "value": "26. Own shares reserve Own shares Own shares purchased by the Company or issued to the EBT are recorded at cost and held in the own shares reserve. The own shares reserve represents the cost of shares in Barratt Redrow plc (formerly Barratt Developments PLC) purchased in the market or issued by the Company and held by the Barratt EBT and the Redrow EBT on behalf of the Company in order to satisfy options and awards that have been granted by the Company or were granted by Redrow plc prior to its acquisition by the Company on 21 August 2024. In the current year the own shares reserve also holds 108,064 shares purchased by the Company as part of the share buyback programme which were cancelled on 30 June 2025.
Market value (at 473.9p
Number of shares
Cost of shares
(2024: 472.2p) per share)
29 June 30 June 29 June 30 June 29 June 30 June
2025 2024 2025 2024 2025 2024
Number Number \u00a3m \u00a3m \u00a3m \u00a3m
EBT shares
13,716,260
8,063,747
26.2
36.9
65.0
38.1
Shares purchased by
the Company awaiting
cancellation
108,064
\u2014
0.5
\u2014
0.5
\u2014
Total own shares
13,824,324
8,063,747
26.7
36.9
65.5
38.1
The Barratt EBT and the Redrow EBT have agreed to waive all or any future right to dividend payments on shares held within the Barratt EBT and the Redrow EBT and these shares do not count in the calculation of the weighted average number of shares used to calculate EPS until such time as they are vested to the relevant employees. The Barratt EBT purchased no shares in the market (2024: 5,000,000 shares). The Barratt EBT disposed of 2,335,538 shares which were used to satisfy the vesting of the ELTIP, the DBP and the LTPP schemes (2024: 1,351,813 shares used to satisfy the vesting of the ELTIP and the LTPP schemes). A further 70,838 shares were used in the period in settlement of exercises under Sharesave schemes (2024: 583,042 shares). During the period the Company issued 10,840,048 shares to the Redrow EBT in exchange for the shares held in Redrow plc. The Redrow EBT disposed of 2,430,661 shares which were used to satisfy the early vesting of the Redrow LTIP and DBP schemes on acquisition. A further 321,920 shares were used in the period in settlement of exercises under Redrow SAYE schemes and 28,578 shares were used in settlement of early exercises under the LTPP Redrow Transition Award.", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-527": { "value": "Own shares Own shares purchased by the Company or issued to the EBT are recorded at cost and held in the own shares reserve. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-449": { "value": "27. Share-based payments The Group issues equity-settled share-based payments to certain employees. Share-based payments Equity-settled share-based payments are measured at the fair value of the equity instrument at the date of grant. Fair value is measured either using Black Scholes or Monte Carlo models depending on the characteristics of the scheme. Valuations have also been adjusted for any post-vesting holding period with the adjustment calculated using a Finnerty and Chaffe model. The fair value is expensed in the Income Statement on a straight-line basis over the vesting period, based on the Group\u2019s estimate of shares that will eventually vest where non-market vesting conditions apply. Non-market vesting conditions are taken into account in the estimate of the fair value of the equity instruments. Analysis of the Consolidated Income Statement charge:
52 weeks
ended Year ended
29 June 30 June
2025 2024
\u00a3m \u00a3m
Equity-settled share-based payments:
Sharesave
3.8
4.6
Legacy Redrow SAYE
1.3
\u2014
LTPP
7.5
7.6
DBP
2.1
2.9
ELTIP
4.5
4.8
19.2
19.9
As at 29 June 2025, an accrual of \u00a34.1m (2024: \u00a33.7m) was recognised in respect of social security liabilities on share-based payments. Share-based payments reserve The share-based payments reserve represents the obligation of the Group in relation to equity-settled share-based payment transactions. Details of movements in the share-based payments reserve are shown in the Statement of Changes in Shareholders\u2019 Equity.
Outstanding equity-settled share-based payments
At 29 June 2025, the following options were outstanding:
29 June
Option price 2025
Date of grant Pence
Number
Not exercisable after
Sharesave
7 April 2020 \u2014 5-year plan
456
130,752
31 December 2025
7 April 2021 \u2014 3-year plan
604
2,860
31 December 2024
7 April 2021 \u2014 5-year plan
604
42,058
31 December 2026
6 April 2022 \u2014 3-year plan
436
1,255,691
31 December 2025
6 April 2022 \u2014 5-year plan
436
150,338
31 December 2027
12 April 2023 \u2014 3-year plan
347
3,645,882
31 December 2026
12 April 2023 \u2014 5-year plan
347
1,090,916
31 December 2028
3 April 2024 \u2014 3-year plan
381
1,586,099
31 December 2027
3 April 2024 \u2014 5-year plan
381
318,170
31 December 2029
16 April 2025 \u2014 3-year plan
342
3,045,004
31 December 2028
16 April 2025 \u2014 5-year plan
342
544,168
31 December 2030
Total Sharesave options
11,811,938
Legacy Redrow SAYE
(acquired 21 August 2024 (note 10))
November 2020 \u2014 5-year plan
262.15
102,886
1 July 2026
November 2021 \u2014 3-year plan
363.75
13,408
1 July 2025
November 2021 \u2014 5-year plan
363.75
16,483
1 July 2027
November 2022 \u2014 3-year plan
217.85
2,021,070
1 July 2026
November 2022 \u2014 5-year plan
217.85
345,455
1 July 2028
November 2023 \u2014 3-year plan
273.61
832,875
1 July 2027
November 2023 \u2014 5-year plan
273.61
53,801
1 July 2029
Total legacy Redrow SAYE options
3,385,978
Total share options
15,197,916
29 June
Option price 2025
Date of grant Pence
Number
Not exercisable after
LTPP
12 October 2022 \u2014 Executive
\u2014
1,694,877
\u2014
21 December 2023 \u2014 Executive
\u2014
2,027,291
\u2014
4 September 2024 Redrow Transition
Award \u2014 Executive
\u2014
270,871
\u2014
7 October 2024 \u2014 Executive
\u2014
2,240,958
\u2014
14 October 2021 \u2014 Senior management
\u2014
558
\u2014
12 October 2022 \u2014 Senior management
\u2014
1,785,669
\u2014
21 December 2023 \u2014 Senior management
\u2014
2,119,728
\u2014
4 September 2024 Redrow Transition
Award \u2014 Senior management
\u2014
449,208
\u2014
7 October 2024 \u2014 Senior management
\u2014
2,054,043
\u2014
Total LTPP awards
12,643,203
DBP
12 October 2022
\u2014
850,427
\u2014
25 September 2023
\u2014
107,057
\u2014
24 September 2024
\u2014
838,130
\u2014
Total DBP awards
1,795,614
ELTIP
15 July 2022
\u2014
7
\u2014
17 July 2023
\u2014
1,507,602
\u2014
22 July 2024
\u2014
751,695
\u2014
Total ELTIP awards
\u2014
2,259,304
\u2014
Total
\u2014
31,896,037
\u2014
Further information relating to the share-based payment schemes
Sharesave
Under the Sharesave, participants are required to make monthly contributions to an HMRC
approved savings contract with a bank or building society for a period of three or five years. On
entering into the savings contract, participants are granted an option to acquire ordinary shares in
the Company at an exercise price determined under the rules of the Sharesave. The Sharesave is
open to all eligible employees as determined by the Board and is not subject to the satisfaction of
any performance conditions.
Legacy Redrow SAYE
The Redrow plc SAYE scheme was open to all Redrow employees and share options can be
exercised either three or five years after the date of grant, depending on the length of the savings
contract. The Redrow SAYE schemes were not subject to performance conditions. On acquisition
by the Group, in August 2024, options under the Redrow SAYE schemes either vested or rolled over
into options over Barratt Redrow plc shares according to the elections of the employees.
LTPP
The grant of awards under the LTPP is at the discretion of the Remuneration Committee taking
into account individual performance and the overall performance of the Group. Vesting under this
scheme is dependent upon performance conditions including TSR, EPS, ROCE and GHG emissions.
Further details can be found in the Remuneration Report on pages 124 and 148.
DBP
Deferred shares are held in accordance with the DBP as approved by the shareholders at the 2015
AGM. The DBP is currently utilised to hold shares awarded in respect of any bonus earned in excess
of 100% of base salary. Further details can be found on page 139.
ELTIP
The Board approved the 2024 Award in July 2024 and the 2023 Award in July 2023 under the ELTIP.
The Awards were made to all eligible employees employed as at 22 July 2024 and 17 July 2023
respectively. Participants were entitled to receive shares in the Company when the 2023 Award
vested on 1 July 2025, and participants of the 2024 Award will be entitled to receive shares in the
Company when the Award vests on 1 July 2026. Senior management is not eligible to participate in
the ELTIP. The Awards are not subject to the satisfaction of any performance condition other than
that participants remain employed by the Group and have not resigned before the end of the
vesting period.
Number and weighted average exercise price of outstanding share-based payments
The number and weighted average exercise prices of options and awards made under the Group\u2019s
share option schemes were as follows:
52 weeks ended 29 June 2025
Year ended 30 June 2024
Weighted Weighted
average average
exercise exercise
price in Number of price in Number of
Sharesave pence award units pence award units
Outstanding at 1 July
384
10,523,364
398
11,322,268
Forfeited during the period
423
(2,303,222)
423
(2,757,679)
Exercised during the period
357
(70,838)
454
(590,690)
Granted during the period
342
3,662,634
381
2,549,465
Outstanding at the balance
sheet date
364
11,811,938
384
10,523,364
Exercisable at the balance
sheet date
604
2,860
\u2014
\u2014
52 weeks ended 29 June 2025
Year ended 30 June 2024
Weighted Weighted
average average
exercise exercise
price in Number of price in Number of
Legacy Redrow SAYE pence award units pence award units
Outstanding at 1 July
\u2014
\u2014
\u2014
\u2014
Forfeited during the period
245
(292,433)
\u2014
\u2014
Exercised during the period
303
(321,920)
\u2014
\u2014
Acquired with Redrow (note 10)
during the period
242
4,000,331
\u2014
\u2014
Outstanding at the balance
sheet date
235
3,385,978
\u2014
\u2014
Exercisable at the balance
sheet date
364
13,408
\u2014
\u2014
52 weeks ended 29 June 2025
Year ended 30 June 2024
Weighted Weighted
average average
exercise exercise
price in Number of price in Number of
LTPP pence award units pence award units
Outstanding at 1 July
\u2014
10,312,655
\u2014
8,947,593
Forfeited during the period
\u2014
(2,517,125)
\u2014
(2,593,279)
Exercised during the period
\u2014
(379,438)
\u2014
(538,946)
Granted during the period
\u2014
5,227,111
\u2014
4,497,287
Outstanding at the balance
sheet date
\u2014
12,643,203
\u2014
10,312,655
Exercisable at the balance
sheet date
\u2014
\u2014
\u2014
\u2014
52 weeks ended 29 June 2025
Year ended 30 June 2024
Weighted Weighted
average average
exercise exercise
price in Number of price in Number of
DBP pence award units pence award units
Outstanding at 1 July
\u2014
1,623,499
\u2014
1,528,406
Forfeited during the period
\u2014
(44,094)
\u2014
(11,964)
Exercised during the period
\u2014
(621,921)
\u2014
\u2014
Granted during the period
\u2014
838,130
\u2014
107,057
Outstanding at the balance
sheet date
\u2014
1,795,614
\u2014
1,623,499
Exercisable at the balance
sheet date
\u2014
\u2014
\u2014
\u2014
52 weeks ended 29 June 2025
Year ended 30 June 2024
Weighted Weighted
average average
exercise exercise
price in Number of price in Number of
ELTIP pence award units pence award units
Outstanding at 1 July
\u2014
3,070,049
\u2014
2,373,943
Forfeited during the period
\u2014
(316,098)
\u2014
(463,741)
Exercised during the period
\u2014
(1,362,757)
\u2014
(812,867)
Granted during the period
\u2014
868,110
\u2014
1,972,714
Outstanding at the balance
sheet date
\u2014
2,259,304
\u2014
3,070,049
Exercisable at the balance
sheet date
\u2014
7
\u2014
\u2014
The weighted average share price, at the date of exercise, of share options exercised during the
period was 473.7 pence (2024: 460.3 pence). The weighted average life for all schemes outstanding
at the end of the period was 1.7 years (2024: 1.9 years).
In addition, the Redrow LTIP and DBP vested on acquisition by the Group, and 2,430,661 Barratt
Redrow shares have been utilised from the EBT in satisfying these awards.
Fair value of options and awards granted in the period
Weighted average fair value of options granted
Weighted average fair value
of options granted
2025 2024
Valuation model Pence Pence
Sharesave
Black Scholes model
125.9
112.3
LTPP
Black Scholes and Monte Carlo models
1
379.8
473.1
DBP
Black Scholes model
493.8
471.1
ELTIP
Black Scholes model
464.4
366.4
1 The TSR portion of the award is valued using a Monte Carlo model. Other elements of the award are valued using a Black Scholes model. The valuations have
also been adjusted for any post-vesting holding period with the adjustment calculated using a Finnerty and Chaffe model.
Inputs used to determine fair value of options
The weighted average inputs to the valuation models were as follows:
Grants \u2013 52 weeks ended 29 June 2025
Grants \u2013 year ended 30 June 2024
ELTIP
Sharesave
LTPP
DBP
ELTIP
Sharesave
LTPP
DBP
Average
share price
496p
439p
468p
495p
408p
466p
563p
472p
Average
exercise price
\u2014
342p
\u2014
\u2014
\u2014
381p
\u2014
\u2014
Expected volatility
29.2%
29.0%
27.2%
27.2%
32.9%
29.1%
32.3%
31.7%
2.0 3.3 2.9 3.0 2.0 3.5 3.0 3.0
Expected life years years years years years years years years
Risk-free
interest rate
4.27%
4.35%
3.98%
3.97%
5.30%
4.34%
3.60%
4.51%
Expected
dividends
\u2014
3.7%
\u2014
\u2014
5.4%
4.1%
\u2014
\u2014
Expected volatility was determined by reference to the historical volatility of the Group\u2019s share price
over a period consistent with the expected lives of the options. The expected life used in the models
has been adjusted, based on the Directors\u2019 best estimate, for the effects of non-transferability,
exercise restrictions and behavioural considerations.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-528": { "value": "Share-based payments Equity-settled share-based payments are measured at the fair value of the equity instrument at the date of grant. Fair value is measured either using Black Scholes or Monte Carlo models depending on the characteristics of the scheme. Valuations have also been adjusted for any post-vesting holding period with the adjustment calculated using a Finnerty and Chaffe model. The fair value is expensed in the Income Statement on a straight-line basis over the vesting period, based on the Group\u2019s estimate of shares that will eventually vest where non-market vesting conditions apply. Non-market vesting conditions are taken into account in the estimate of the fair value of the equity instruments. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-450": { "value": "
28. Non-controlling interests
Group
52 weeks
ended Year ended
29 June 30 June
Movement in non-controlling interest share of net assets 2025 2024
recognised in the Consolidated Balance Sheet \u00a3m \u00a3m
At 1 July
0.1
0.5
Distribution of profits to non-controlling partner
\u2014
(0.4)
At balance sheet date
0.1
0 .1
There are no significant restrictions on the ability of the Group to access or use assets and settle
liabilities. Detailed arrangements for each subsidiary are laid out in the relevant shareholder and
partnership agreements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-451": { "value": "
29. Contingent liabilities
Contingent liabilities related to subsidiaries
The Company has guaranteed certain bank borrowings of its subsidiary undertakings.
Certain subsidiary undertakings have commitments for the purchase of trading stock entered into
in the normal course of business.
In the normal course of business, the Group has given counter-indemnities in respect of
performance bonds and financial guarantees. At 29 June 2025 the bonds and guarantees amount
to \u00a3626.8m (2024: \u00a3419.9m) and, at the date of approval of these Financial Statements, the
possibility of cash outflow is immaterial and no provision is required.
Building safety
As disclosed in note 20, on 13 March 2023, the Group signed the Self-Remediation Terms and
Contract, codifying the commitments previously made under the Building Safety Pledge. The Group
is currently undertaking a review of all of its current and legacy buildings where it has used EWS or
cladding solutions. Approved inspectors signed off all of our buildings, including the EWS or
cladding used, as compliant with the relevant building regulations at the time of completion.
At 29 June 2025, the Group held provisions of \u00a3886.4m (2024: \u00a3628.1m) in relation to building
safety, based on management\u2019s best estimate of the cost and timing of remediation of in-scope
buildings. It is possible that as remediation work proceeds, additional remedial works will be
required which do not relate to EWS or cladding solutions. Such works may not have been identified
from the reviews and physical inspections undertaken to date and may only be identified when
detailed remediation work is in progress. Therefore, the nature, timing and extent of any such costs
were unknown at the balance sheet date.
It is also possible that the number of buildings requiring remediation may increase. This could occur
because buildings which hold valid EWS1 certificates are found to require remediation or because
investigatory works identify remediation not previously identified.
In addition, we recognise that the retrospective review of building materials and fire safety matters
continues to evolve. These Financial Statements have been prepared based on currently available
information and regulatory guidance. However, these estimates may be updated if government
legislation and regulation further evolve.
On 31 May 2023 the Group signed the Scottish Safer Buildings Accord, committing to resolve
life-critical fire safety defects in multi-occupancy residential domestic or part-domestic buildings,
over 11 metres in Scotland, built by us as a developer in the period of 30 years to 1 June 2022.
This Accord is not legally binding, but we are committed to working in good faith with the Scottish
Government to agree a legal form contract. The Group has undertaken preliminary cost
assessments at multi-occupancy buildings over 11 metres in Scotland at which fire safety defects
have been identified. The Group\u2019s EWS provision at 29 June 2025 reflects the outcome of these
assessments, based on the assumption that the standard of remediation required in Scotland is
consistent with that in England and Wales. The Housing (Cladding Remediation) (Scotland)
Act 2024, which became law on 21 June 2024, has provided a framework on which the remediation
programme in Scotland can be based but requires secondary legislation and further contractual
agreement with developers to determine the details. The estimated cost may vary depending on
the final form of the developer remediation contract agreed with the Scottish Government.
In November 2024, an investigation by the Institution of Fire Engineers concluded that one of its
members had failed to maintain professional standards and terminated his membership. The firm
at which the individual worked has provided fire risk assessments on a number of buildings which
the Group has developed. Impact assessments for affected buildings are ongoing and there has
been nothing to suggest that a change to the provision is required at the reporting date.
During the prior year, warranty providers received claims under warranties for building safety
matters on three developments historically delivered by the Group. Further investigation is
required to determine whether the nature and extent of any remediation work are incremental
to that already expected and we expect this process to be completed during FY26.
Reinforced concrete frames
As disclosed in note 20, the Group is undertaking remediation at developments designed by certain
engineering firms or associated companies. The Financial Statements have been prepared based
on currently available information; however, the detailed review is ongoing and the extent and cost
of any remedial work may change as this work progresses.
We are actively seeking to recover costs from third parties in respect of building safety
and reinforced concrete frames; however, there is no certainty regarding the extent of any
financial recovery.
Contingent liabilities relating to JVs
The Group has given counter-indemnities in respect of performance bonds and financial
guarantees to its JVs totalling \u00a311.9m at 29 June 2025 (2024: \u00a35.0m).
The Group has also given a number of performance guarantees in respect of the obligations of its
JVs, requiring the Group to complete development agreement contractual obligations in the event
that the JVs do not perform as required under the terms of the related contracts. At 29 June 2025,
the probability of any loss to the Group resulting from these guarantees is considered to be remote.
Contingent liabilities related to legal claims Provision is made for the Directors\u2019 best estimates of all known material legal claims and all legal actions in progress. The Group takes legal advice as to the likelihood of success of claims and actions and no provision is made (other than for legal costs) where the Directors consider, based on such advice, that claims or actions are unlikely to succeed, or a sufficiently reliable estimate of the potential obligations cannot be made.", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-493": { "value": "29. Contingent liabilities Contingent liabilities related to subsidiaries The Company has guaranteed certain bank borrowings of its subsidiary undertakings. Certain subsidiary undertakings have commitments for the purchase of trading stock entered into in the normal course of business. In the normal course of business, the Group has given counter-indemnities in respect of performance bonds and financial guarantees. At 29 June 2025 the bonds and guarantees amount to \u00a3626.8m (2024: \u00a3419.9m) and, at the date of approval of these Financial Statements, the possibility of cash outflow is immaterial and no provision is required. Building safety As disclosed in note 20, on 13 March 2023, the Group signed the Self-Remediation Terms and Contract, codifying the commitments previously made under the Building Safety Pledge. The Group is currently undertaking a review of all of its current and legacy buildings where it has used EWS or cladding solutions. Approved inspectors signed off all of our buildings, including the EWS or cladding used, as compliant with the relevant building regulations at the time of completion. At 29 June 2025, the Group held provisions of \u00a3886.4m (2024: \u00a3628.1m) in relation to building safety, based on management\u2019s best estimate of the cost and timing of remediation of in-scope buildings. It is possible that as remediation work proceeds, additional remedial works will be required which do not relate to EWS or cladding solutions. Such works may not have been identified from the reviews and physical inspections undertaken to date and may only be identified when detailed remediation work is in progress. Therefore, the nature, timing and extent of any such costs were unknown at the balance sheet date. It is also possible that the number of buildings requiring remediation may increase. This could occur because buildings which hold valid EWS1 certificates are found to require remediation or because investigatory works identify remediation not previously identified. In addition, we recognise that the retrospective review of building materials and fire safety matters continues to evolve. These Financial Statements have been prepared based on currently available information and regulatory guidance. However, these estimates may be updated if government legislation and regulation further evolve. On 31 May 2023 the Group signed the Scottish Safer Buildings Accord, committing to resolve life-critical fire safety defects in multi-occupancy residential domestic or part-domestic buildings, over 11 metres in Scotland, built by us as a developer in the period of 30 years to 1 June 2022. This Accord is not legally binding, but we are committed to working in good faith with the Scottish Government to agree a legal form contract. The Group has undertaken preliminary cost assessments at multi-occupancy buildings over 11 metres in Scotland at which fire safety defects have been identified. The Group\u2019s EWS provision at 29 June 2025 reflects the outcome of these assessments, based on the assumption that the standard of remediation required in Scotland is consistent with that in England and Wales. The Housing (Cladding Remediation) (Scotland) Act 2024, which became law on 21 June 2024, has provided a framework on which the remediation programme in Scotland can be based but requires secondary legislation and further contractual agreement with developers to determine the details. The estimated cost may vary depending on the final form of the developer remediation contract agreed with the Scottish Government. In November 2024, an investigation by the Institution of Fire Engineers concluded that one of its members had failed to maintain professional standards and terminated his membership. The firm at which the individual worked has provided fire risk assessments on a number of buildings which the Group has developed. Impact assessments for affected buildings are ongoing and there has been nothing to suggest that a change to the provision is required at the reporting date. During the prior year, warranty providers received claims under warranties for building safety matters on three developments historically delivered by the Group. Further investigation is required to determine whether the nature and extent of any remediation work are incremental to that already expected and we expect this process to be completed during FY26. Reinforced concrete frames As disclosed in note 20, the Group is undertaking remediation at developments designed by certain engineering firms or associated companies. The Financial Statements have been prepared based on currently available information; however, the detailed review is ongoing and the extent and cost of any remedial work may change as this work progresses. We are actively seeking to recover costs from third parties in respect of building safety and reinforced concrete frames; however, there is no certainty regarding the extent of any financial recovery. Contingent liabilities relating to JVs The Group has given counter-indemnities in respect of performance bonds and financial guarantees to its JVs totalling \u00a311.9m at 29 June 2025 (2024: \u00a35.0m). The Group has also given a number of performance guarantees in respect of the obligations of its JVs, requiring the Group to complete development agreement contractual obligations in the event that the JVs do not perform as required under the terms of the related contracts. At 29 June 2025, the probability of any loss to the Group resulting from these guarantees is considered to be remote. Contingent liabilities related to legal claims Provision is made for the Directors\u2019 best estimates of all known material legal claims and all legal actions in progress. The Group takes legal advice as to the likelihood of success of claims and actions and no provision is made (other than for legal costs) where the Directors consider, based on such advice, that claims or actions are unlikely to succeed, or a sufficiently reliable estimate of the potential obligations cannot be made.", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-452": { "value": "30. Related party transactions Directors of Barratt Redrow plc and remuneration of key personnel The Board and certain members of senior management are related parties within the definition of IAS 24 (Revised): \u2018Related Party Disclosures\u2019 and the Board members are related parties within the definition of Chapter 11 of the UK Listing Rules. There is no difference between transactions with key personnel of the Company and transactions with key personnel of the Group. Disclosures related to the remuneration of key personnel as defined in IAS 24 are given in note 5. There have been no related party transactions during the period that require disclosure under Section 4.2.8 (R) of the Disclosure and Transparency Rules. Transactions between the Company and its subsidiaries The Company has entered into transactions with its subsidiary undertakings in respect of funding and Group services which include management accounting and audit, sales and marketing, IT, company secretarial, architects and purchasing. Recharges are made to the subsidiaries based on their utilisation of these services. In addition, the Company has disposed of its investments in two of its subsidiaries (BDW Trading Limited and Redrow Limited) to another Group undertaking, Barratt Redrow Holdings Limited (see note 12). Both disposals were non-cash transactions. The disposal of BDW Trading Limited was at its carrying value, resulting in nil gain/loss on disposal.
Company
52 weeks ended Year ended
29 June 2025 30 June 2024
\u00a3m \u00a3m
Transactions between the Company and its subsidiaries during
the period:
Charges in respect of management and other services provided
to subsidiaries
160.2
158.0
Profit on disposal of investment in Redrow to another Group
undertaking
63.4
\u2014
Net interest received/(paid) by the Company on net loans to/
(from) subsidiaries
3.8
(16.9)
Dividends received from subsidiary undertakings
8.0
516.0
Balances at period end:
Amounts due by the Company to subsidiary undertakings
(100.2)
(91.3)
Amounts due to the Company from subsidiary undertakings
5,713.5
245.1
The Company and its subsidiaries have entered into counter-indemnities in the normal course of
business in respect of performance bonds.
Transactions between the Group and its JVs
The Group has entered into transactions with its JVs as follows:
Group
52 weeks ended Year ended
29 June 2025 30 June 2024
\u00a3m \u00a3m
Transactions between the Group and its JVs during the period:
Charges in respect of development management and other
services provided to JVs
11.9
10.3
Net interest charges in respect of funding provided to JVs
2.7
2 .1
Dividends received from JVs
6.1
7.1
Balances at period end:
Funding loans and interest due from JVs net of impairment
78.0
86.3
Other amounts due from JVs
29.2
27.8
Loans and other amounts due to JVs
(0.8)
(0.6)
In addition, one of the Group\u2019s subsidiaries, BDW Trading Limited, contracts with a number of the Group\u2019s JVs to provide construction services. The Group\u2019s contingent liabilities relating to its JVs are disclosed in note 29.", "dimensions": { "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-494": { "value": "30. Related party transactions Directors of Barratt Redrow plc and remuneration of key personnel The Board and certain members of senior management are related parties within the definition of IAS 24 (Revised): \u2018Related Party Disclosures\u2019 and the Board members are related parties within the definition of Chapter 11 of the UK Listing Rules. There is no difference between transactions with key personnel of the Company and transactions with key personnel of the Group. Disclosures related to the remuneration of key personnel as defined in IAS 24 are given in note 5. There have been no related party transactions during the period that require disclosure under Section 4.2.8 (R) of the Disclosure and Transparency Rules. Transactions between the Company and its subsidiaries The Company has entered into transactions with its subsidiary undertakings in respect of funding and Group services which include management accounting and audit, sales and marketing, IT, company secretarial, architects and purchasing. Recharges are made to the subsidiaries based on their utilisation of these services. In addition, the Company has disposed of its investments in two of its subsidiaries (BDW Trading Limited and Redrow Limited) to another Group undertaking, Barratt Redrow Holdings Limited (see note 12). Both disposals were non-cash transactions. The disposal of BDW Trading Limited was at its carrying value, resulting in nil gain/loss on disposal.
Company
52 weeks ended Year ended
29 June 2025 30 June 2024
\u00a3m \u00a3m
Transactions between the Company and its subsidiaries during
the period:
Charges in respect of management and other services provided
to subsidiaries
160.2
158.0
Profit on disposal of investment in Redrow to another Group
undertaking
63.4
\u2014
Net interest received/(paid) by the Company on net loans to/
(from) subsidiaries
3.8
(16.9)
Dividends received from subsidiary undertakings
8.0
516.0
Balances at period end:
Amounts due by the Company to subsidiary undertakings
(100.2)
(91.3)
Amounts due to the Company from subsidiary undertakings
5,713.5
245.1
The Company and its subsidiaries have entered into counter-indemnities in the normal course of business in respect of performance bonds. Transactions between the Group and its JVs The Group has entered into transactions with its JVs as follows:
Group
52 weeks ended Year ended
29 June 2025 30 June 2024
\u00a3m \u00a3m
Transactions between the Group and its JVs during the period:
Charges in respect of development management and other
services provided to JVs
11.9
10.3
Net interest charges in respect of funding provided to JVs
2.7
2 .1
Dividends received from JVs
6.1
7.1
Balances at period end:
Funding loans and interest due from JVs net of impairment
78.0
86.3
Other amounts due from JVs
29.2
27.8
Loans and other amounts due to JVs
(0.8)
(0.6)
In addition, one of the Group\u2019s subsidiaries, BDW Trading Limited, contracts with a number of the
Group\u2019s JVs to provide construction services. The Group\u2019s contingent liabilities relating to its JVs
are disclosed in note 29.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-453": { "value": "
31. Financial risk management
The Group\u2019s approach to risk management and the principal operational risks of the business are
detailed on pages 66 to 73. The Group\u2019s financial assets and financial liabilities are detailed in note 22.
The Group\u2019s operations and financing arrangements expose it to a variety of financial risks, of which the
most material are: liquidity risk, the availability of funding at reasonable margins, credit risk and interest
rates. There is a regular, detailed system for the reporting and forecasting of cash flows from operations
to senior management including Executive Directors to ensure that liquidity risks are promptly identified
and appropriate mitigating actions are taken by the Treasury department. These forecasts are
further stress-tested at a Group level on a regular basis to ensure that adequate headroom within
facilities and banking covenants is maintained. In addition, the Group has a risk management
programme that seeks to limit the adverse effects of the other risks on its financial performance.
The Board approves treasury policies and certain day-to-day treasury activities have been
delegated to a centralised Treasury Operating Committee, which in turn regularly reports to the
Board. The Treasury department implements guidelines that are established by the Board and
the Treasury Operating Committee.
Liquidity risk
Liquidity risk is the risk that the Group will be unable to meet its liabilities as they fall due. The Group
actively maintains a mixture of long-term and medium-term committed facilities that are designed
to ensure that the Group has sufficient available funds for operations.
The Group\u2019s borrowings are typically cyclical throughout the financial year and peak in April to May
and October to November of each year, due to seasonal trends in income. Accordingly, the Group
maintains sufficient facility headroom to cover these requirements. On a normal operating basis,
the Group has a policy of maintaining a minimum headroom of \u00a3150.0m. The Group identifies and
takes appropriate actions based on its regular, detailed system for the reporting and forecasting
of cash flows from its operations. The Group\u2019s drawn debt, excluding fees, represented 22.2%
(2024: 22.2%) of available committed facilities at 29 June 2025. In addition, the Group had \u00a3969.6m
(2024: \u00a31,065.3m) of cash and cash equivalents.
The Group was in compliance with its financial covenants at 29 June 2025. The Group\u2019s resilience
to its principal risks has been modelled, together with possible mitigating actions, over a three-year
period. At the date of approval of the Financial Statements, the Group\u2019s internal forecasts indicate
that it will be able to operate within its current facilities and remain in compliance with these
covenants for the foreseeable future, being at least 12 months from the date of signing these
Financial Statements.
One of the Group\u2019s objectives is to minimise refinancing risk. The Group has a policy that the
average maturity of its committed bank facilities and private placement notes is a minimum of
two years with a target of two to three years. At 29 June 2025, the average maturity of the Group\u2019s
committed facilities was 3.9 years (2024: 4.1 years).
The Group maintains certain committed floating rate facilities with banks to ensure sufficient
liquidity for its operations. The undrawn committed facilities available to the Group, in respect of
which all conditions precedent had been met, were as follows:
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Expiry date \u00a3m \u00a3m \u00a3m \u00a3m
In more than two years but not
more than five years
700.0
700.0
700.0
700.0
In addition, the Group had undrawn, uncommitted overdraft facilities available at 29 June 2025 of
\u00a339.5m (2024: \u00a337.0m).
The expected undiscounted cash flows of the Group and Company financial liabilities, by remaining
contractual maturity at the balance sheet date, were as follows:
Less
Carrying Contractual than 1\u20132 2\u20135 Over 5
amount cash flow 1 year years years years
Group
Notes
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
29 June 2025
Loans and borrowings
22
200.0
213.8
5.5
5.5
202.8
\u2014
Trade and other payables
1
22
1,659.2
1,706.9
1,302.4
196.2
201.4
6.9
Lease liabilities
22
55.2
52.3
18.6
13.1
13.9
6.7
1,914.4
1,973.0
1,326.5
214.8
418.1
13.6
30 June 2024
Loans and borrowings
22
200.0
219.3
5.5
5.5
208.3
\u2014
Trade and other payables
1
22
1,025.9
1,045.7
862.0
131.0
42.3
10.4
Lease liabilities
22
42.8
47.7
13.6
10.9
16.0
7.2
1,268.7
1,312.7
881.1
147.4
266.6
17.6
1 Excludes deferred income, payments received in excess of amounts recoverable on contracts, tax and social security and other non-financial liabilities.
The Group had no derivative financial instruments at 29 June 2025 or 30 June 2024.
Less
Carrying Contractual than 1\u20132 2\u20135 Over 5
amount cash flow 1 year years years years
Company
Notes
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
29 June 2025
Loans and borrowings
(including bank overdrafts)
22
200.0
213.8
5.5
5.5
202.8
\u2014
Trade and other payables
1
22
25.3
25.3
25.3
\u2014
\u2014
\u2014
Intercompany payables
22
100.2
100.2
100.2
\u2014
\u2014
\u2014
Lease liabilities
22
4.0
4.3
0.9
0.7
1.2
1.5
329.5
343.6
131.9
6.2
204.0
1.5
30 June 2024
Loans and borrowings
(including bank overdrafts)
22
200.0
219.3
5.5
5.5
208.3
\u2014
Trade and other payables
1
22
20.6
20.6
20.6
\u2014
\u2014
\u2014
Intercompany payables
22
91.3
91.3
91.3
\u2014
\u2014
\u2014
Lease liabilities
22
1.3
1.4
0.7
0.4
0.3
\u2014
313.2
332.6
118.1
5.9
208.6
\u2014
1 Excludes tax and social security and other non-financial liabilities.
The Company had no derivative financial instruments at 29 June 2025 or 30 June 2024.
Market risk (price risk)
Interest rate risk
The Group has both interest-bearing assets and interest-bearing liabilities. Floating rate
borrowings expose the Group to cash flow interest rate risk, and fixed rate borrowings expose
the Group to fair value interest rate risk.
The Group has a conservative treasury risk management strategy and the Group\u2019s interest rates
are set using fixed rate debt instruments.
Due to the level of the Group\u2019s interest cover ratio, and in accordance with the Group\u2019s policy to
hedge a proportion of the forecast RCF drawings based on the Group\u2019s three-year plan, no interest
rate hedges are currently required.
The exposure of the Group\u2019s financial liabilities to interest rate risk is as follows:
Non-interest
Floating rate Fixed rate -bearing
financial financial financial
liabilities liabilities liabilities Total
Group \u00a3m \u00a3m \u00a3m \u00a3m
29 June 2025
Financial liability exposure to interest
rate risk
\u2014
200.0
1,714.4
1,914.4
30 June 2024
Financial liability exposure to interest
rate risk
\u2014
200.0
1,068.7
1,268.7
The Group retained a strong cash position throughout the year and, therefore, the Group did not
draw on its RCF during the year and the use of other facilities was minimal. No interest was paid by
the Group on floating rate borrowings in 2025 or 2024.
Sterling USPP notes of \u00a3200.0m were issued on 22 August 2017 with a fixed coupon of 2.77% and
a ten-year maturity. These fixed rate notes expose the Group and Company to fair value interest
rate risk.
The exposure of the Company\u2019s financial liabilities to interest rate risk is as follows:
Non-interest
Floating rate Fixed rate -bearing
financial financial financial
liabilities liabilities liabilities Total
Company \u00a3m \u00a3m \u00a3m \u00a3m
29 June 2025
Financial liability exposure to interest
rate risk
86.7
200.0
42.8
329.5
30 June 2024
Financial liability exposure to interest
rate risk
77.8
200.0
35.4
313.2
The Company\u2019s floating rate financial liabilities comprise interest-bearing loans from other Group
undertakings, on which interest was charged at an average rate of 4.0% in the year (2024: 4.0%).
Sensitivity analysis
In the 52 week period ended 29 June 2025, if UK interest rates had been 0.5% higher/lower
(considered to be a reasonably possible change based on forecast Bank of England interest rates)
and all other variables were held constant, the Group\u2019s pre-tax profit would increase/decrease by
\u00a32.6m, the Group\u2019s post-tax profit would increase/decrease by \u00a31.9m and, as such, the Group\u2019s
equity would increase/decrease by \u00a31.9m.
Credit risk
In the majority of cases, the Group receives cash on legal completion for private sales and receives
advance stage payments from registered providers for affordable housing. The Group has \u00a3969.6m
(2024: \u00a31,065.3m) on deposit or in current accounts with 13 (2024: 14) financial institutions. Other
than this, neither the Group nor the Company has a significant concentration of credit risk, as their
exposure is spread over a large number of counterparties and customers.
The Group manages credit risk through its credit policy. This limits its exposure to financial
institutions with high credit ratings, as set by international credit rating agencies, and determines
the maximum permissible exposure to any single counterparty.
The maximum exposure to any counterparty at 29 June 2025 was \u00a3214.8m (2024: \u00a3141.2m) of cash
on deposit with a financial institution. The carrying amount of financial assets recorded in these
Financial Statements, net of any allowance for losses, represents the Group\u2019s maximum exposure
to credit risk.
As at 29 June 2025, the Company was exposed to \u00a35,713.5m (2024: \u00a3245.1m) of credit risk in relation
to intercompany loans, which are considered to be of low credit risk and fully recoverable, as well as
financial guarantees, performance bonds and the bank borrowings of subsidiary undertakings.
Further details are provided in notes 29 and 30.
Capital risk management (cash flow risk)
The Group\u2019s objectives when managing capital are to safeguard its ability to continue as a going
concern in order to provide returns for shareholders and meet its liabilities as they fall due while
maintaining an appropriate capital structure.
The Group manages its share capital as equity, as set out in the Statement of Changes in
Shareholders\u2019 Equity, and its bank borrowings (being overdrafts and bank loans) and its private
placement notes as other financial liabilities, as set out in note 22. The Group is subject to the
prevailing conditions of the UK economy and the quantum of the Group\u2019s earnings is dependent
upon the level of UK house prices. UK house prices are determined by the UK economy and
economic conditions, employment levels, interest rates, consumer confidence, mortgage
availability and competitor pricing. The Group\u2019s approach to the management of the principal
operational risks of the business is detailed on pages 66 to 73.
Other methods by which the Group can manage its short-term and long-term capital structure
include: adjusting the level of dividend payments to shareholders (assuming the Company is paying
a dividend); issuing new share capital; arranging debt to meet liability payments; and selling assets
to reduce debt.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-477": { "value": "Liquidity risk Liquidity risk is the risk that the Group will be unable to meet its liabilities as they fall due. The Group actively maintains a mixture of long-term and medium-term committed facilities that are designed to ensure that the Group has sufficient available funds for operations. The Group\u2019s borrowings are typically cyclical throughout the financial year and peak in April to May and October to November of each year, due to seasonal trends in income. Accordingly, the Group maintains sufficient facility headroom to cover these requirements. On a normal operating basis, the Group has a policy of maintaining a minimum headroom of \u00a3150.0m. The Group identifies and takes appropriate actions based on its regular, detailed system for the reporting and forecasting of cash flows from its operations. The Group\u2019s drawn debt, excluding fees, represented 22.2% (2024: 22.2%) of available committed facilities at 29 June 2025. In addition, the Group had \u00a3969.6m (2024: \u00a31,065.3m) of cash and cash equivalents. The Group was in compliance with its financial covenants at 29 June 2025. The Group\u2019s resilience to its principal risks has been modelled, together with possible mitigating actions, over a three-year period. At the date of approval of the Financial Statements, the Group\u2019s internal forecasts indicate that it will be able to operate within its current facilities and remain in compliance with these covenants for the foreseeable future, being at least 12 months from the date of signing these Financial Statements. One of the Group\u2019s objectives is to minimise refinancing risk. The Group has a policy that the average maturity of its committed bank facilities and private placement notes is a minimum of two years with a target of two to three years. At 29 June 2025, the average maturity of the Group\u2019s committed facilities was 3.9 years (2024: 4.1 years). The Group maintains certain committed floating rate facilities with banks to ensure sufficient liquidity for its operations. The undrawn committed facilities available to the Group, in respect of which all conditions precedent had been met, were as follows:
Group
Company
29 June 30 June 29 June 30 June
2025 2024 2025 2024
Expiry date \u00a3m \u00a3m \u00a3m \u00a3m
In more than two years but not
more than five years
700.0
700.0
700.0
700.0
In addition, the Group had undrawn, uncommitted overdraft facilities available at 29 June 2025 of \u00a339.5m (2024: \u00a337.0m). The expected undiscounted cash flows of the Group and Company financial liabilities, by remaining contractual maturity at the balance sheet date, were as follows:
Less
Carrying Contractual than 1\u20132 2\u20135 Over 5
amount cash flow 1 year years years years
Group
Notes
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
29 June 2025
Loans and borrowings
22
200.0
213.8
5.5
5.5
202.8
\u2014
Trade and other payables
1
22
1,659.2
1,706.9
1,302.4
196.2
201.4
6.9
Lease liabilities
22
55.2
52.3
18.6
13.1
13.9
6.7
1,914.4
1,973.0
1,326.5
214.8
418.1
13.6
30 June 2024
Loans and borrowings
22
200.0
219.3
5.5
5.5
208.3
\u2014
Trade and other payables
1
22
1,025.9
1,045.7
862.0
131.0
42.3
10.4
Lease liabilities
22
42.8
47.7
13.6
10.9
16.0
7.2
1,268.7
1,312.7
881.1
147.4
266.6
17.6
1 Excludes deferred income, payments received in excess of amounts recoverable on contracts, tax and social security and other non-financial liabilities. The Group had no derivative financial instruments at 29 June 2025 or 30 June 2024.
Less
Carrying Contractual than 1\u20132 2\u20135 Over 5
amount cash flow 1 year years years years
Company
Notes
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
29 June 2025
Loans and borrowings
(including bank overdrafts)
22
200.0
213.8
5.5
5.5
202.8
\u2014
Trade and other payables
1
22
25.3
25.3
25.3
\u2014
\u2014
\u2014
Intercompany payables
22
100.2
100.2
100.2
\u2014
\u2014
\u2014
Lease liabilities
22
4.0
4.3
0.9
0.7
1.2
1.5
329.5
343.6
131.9
6.2
204.0
1.5
30 June 2024
Loans and borrowings
(including bank overdrafts)
22
200.0
219.3
5.5
5.5
208.3
\u2014
Trade and other payables
1
22
20.6
20.6
20.6
\u2014
\u2014
\u2014
Intercompany payables
22
91.3
91.3
91.3
\u2014
\u2014
\u2014
Lease liabilities
22
1.3
1.4
0.7
0.4
0.3
\u2014
313.2
332.6
118.1
5.9
208.6
\u2014
1 Excludes tax and social security and other non-financial liabilities. The Company had no derivative financial instruments at 29 June 2025 or 30 June 2024. ", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-478": { "value": "Market risk (price risk) Interest rate risk The Group has both interest-bearing assets and interest-bearing liabilities. Floating rate borrowings expose the Group to cash flow interest rate risk, and fixed rate borrowings expose the Group to fair value interest rate risk. The Group has a conservative treasury risk management strategy and the Group\u2019s interest rates are set using fixed rate debt instruments. Due to the level of the Group\u2019s interest cover ratio, and in accordance with the Group\u2019s policy to hedge a proportion of the forecast RCF drawings based on the Group\u2019s three-year plan, no interest rate hedges are currently required. The exposure of the Group\u2019s financial liabilities to interest rate risk is as follows:
Non-interest
Floating rate Fixed rate -bearing
financial financial financial
liabilities liabilities liabilities Total
Group \u00a3m \u00a3m \u00a3m \u00a3m
29 June 2025
Financial liability exposure to interest
rate risk
\u2014
200.0
1,714.4
1,914.4
30 June 2024
Financial liability exposure to interest
rate risk
\u2014
200.0
1,068.7
1,268.7
The Group retained a strong cash position throughout the year and, therefore, the Group did not draw on its RCF during the year and the use of other facilities was minimal. No interest was paid by the Group on floating rate borrowings in 2025 or 2024. Sterling USPP notes of \u00a3200.0m were issued on 22 August 2017 with a fixed coupon of 2.77% and a ten-year maturity. These fixed rate notes expose the Group and Company to fair value interest rate risk. The exposure of the Company\u2019s financial liabilities to interest rate risk is as follows:
Non-interest
Floating rate Fixed rate -bearing
financial financial financial
liabilities liabilities liabilities Total
Company \u00a3m \u00a3m \u00a3m \u00a3m
29 June 2025
Financial liability exposure to interest
rate risk
86.7
200.0
42.8
329.5
30 June 2024
Financial liability exposure to interest
rate risk
77.8
200.0
35.4
313.2
The Company\u2019s floating rate financial liabilities comprise interest-bearing loans from other Group undertakings, on which interest was charged at an average rate of 4.0% in the year (2024: 4.0%). Sensitivity analysis In the 52 week period ended 29 June 2025, if UK interest rates had been 0.5% higher/lower (considered to be a reasonably possible change based on forecast Bank of England interest rates) and all other variables were held constant, the Group\u2019s pre-tax profit would increase/decrease by \u00a32.6m, the Group\u2019s post-tax profit would increase/decrease by \u00a31.9m and, as such, the Group\u2019s equity would increase/decrease by \u00a31.9m. ", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-495": { "value": "Sensitivity analysis In the 52 week period ended 29 June 2025, if UK interest rates had been 0.5% higher/lower (considered to be a reasonably possible change based on forecast Bank of England interest rates) and all other variables were held constant, the Group\u2019s pre-tax profit would increase/decrease by \u00a32.6m, the Group\u2019s post-tax profit would increase/decrease by \u00a31.9m and, as such, the Group\u2019s equity would increase/decrease by \u00a31.9m. ", "dimensions": { "concept": "ifrs-full:SensitivityAnalysisForEachTypeOfMarketRisk", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-479": { "value": "Credit risk In the majority of cases, the Group receives cash on legal completion for private sales and receives advance stage payments from registered providers for affordable housing. The Group has \u00a3969.6m (2024: \u00a31,065.3m) on deposit or in current accounts with 13 (2024: 14) financial institutions. Other than this, neither the Group nor the Company has a significant concentration of credit risk, as their exposure is spread over a large number of counterparties and customers. The Group manages credit risk through its credit policy. This limits its exposure to financial institutions with high credit ratings, as set by international credit rating agencies, and determines the maximum permissible exposure to any single counterparty. The maximum exposure to any counterparty at 29 June 2025 was \u00a3214.8m (2024: \u00a3141.2m) of cash on deposit with a financial institution. The carrying amount of financial assets recorded in these Financial Statements, net of any allowance for losses, represents the Group\u2019s maximum exposure to credit risk. As at 29 June 2025, the Company was exposed to \u00a35,713.5m (2024: \u00a3245.1m) of credit risk in relation to intercompany loans, which are considered to be of low credit risk and fully recoverable, as well as financial guarantees, performance bonds and the bank borrowings of subsidiary undertakings. Further details are provided in notes 29 and 30. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-480": { "value": "Capital risk management (cash flow risk) The Group\u2019s objectives when managing capital are to safeguard its ability to continue as a going concern in order to provide returns for shareholders and meet its liabilities as they fall due while maintaining an appropriate capital structure. The Group manages its share capital as equity, as set out in the Statement of Changes in Shareholders\u2019 Equity, and its bank borrowings (being overdrafts and bank loans) and its private placement notes as other financial liabilities, as set out in note 22. The Group is subject to the prevailing conditions of the UK economy and the quantum of the Group\u2019s earnings is dependent upon the level of UK house prices. UK house prices are determined by the UK economy and economic conditions, employment levels, interest rates, consumer confidence, mortgage availability and competitor pricing. The Group\u2019s approach to the management of the principal operational risks of the business is detailed on pages 66 to 73. Other methods by which the Group can manage its short-term and long-term capital structure include: adjusting the level of dividend payments to shareholders (assuming the Company is paying a dividend); issuing new share capital; arranging debt to meet liability payments; and selling assets to reduce debt.", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-454": { "value": "
32. Post balance sheet events
On 15 July 2025 the Company announced that it will implement a programme to repurchase
ordinary shares up to a value of \u00a3100m in total, excluding expenses, to be completed no later
than 30 June 2026.
As part of this programme, on 15 July 2025 the Company issued instructions to Barclays Bank PLC
to purchase up to \u00a350m of shares by no later than 31 December 2025. The purpose of this
repurchase is to reduce the capital of the Company and the Company intends that the purchased
shares will be cancelled.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-455": { "value": "
33. Group subsidiary undertakings
The entities listed below, and on the following pages, are subsidiaries of the Company or Group.
All are registered in England and Wales or Scotland, with the exception of SQ Holdings Limited,
which is registered in Guernsey. Unless otherwise stated, the results of these entities are
consolidated within these Financial Statements.
Audit exemption
The following UK subsidiaries will take advantage of the audit exemption set out within Section 479A
of the Companies Act 2006 for the 52 weeks ended 29 June 2025. The undertakings listed below
are owned, either directly or indirectly, by Barratt Redrow plc (formerly Barratt Developments PLC).
Subsidiary
Company number
Acre Developments Limited
SC091934
Barratt Commercial Limited
00168039
Barratt Redrow Holdings Limited
15470952
Base East Central Rochdale LLP
OC318544
Base Hattersley LLP
OC318541
Base Regeneration LLP
OC318540
Basildon Regeneration (Barratt Wilson Bowden) Limited
05876010
BDW (F.R.) Limited
05876012
BDW (F.R. Commercial) Limited
05876013
BDW North Scotland Limited
SC027535
BLLQ LLP
OC411400
BLLQ2 Limited
12373138
David Wilson Homes Limited
00830271
HB (HDG) Limited
01990709
Harrow Estates plc
6825371
Milton Park Homes Limited
03787306
Redrow Real Estate Limited
03996541
Redrow Regeneration plc
5405272
The Waterford Park Company Limited
5429823
The Waterford Park Company (Balmoral) Limited
06047122
Wilson Bowden Limited
02059194
Yeovil Developments Limited
05285388
In accordance with Section 479C of the Companies Act 2006, the Company will guarantee the
debts and liabilities of the above UK subsidiary undertakings. As at 29 June 2025, the total sum of
these debts and liabilities is \u00a36.0bn.
At 29 June 2025 the Group owned 100% of the ordinary share
capital of the following subsidiaries:
Registered
Subsidiary
office
Notes
Acre Developments Limited
2
A
Advance Housing Limited
1
A
Ambrose Builders Limited
1
A
Barratt Bristol Limited
1
Barratt Central Limited
1
Barratt Chester Limited
1
A
Barratt Commercial Limited
1
Barratt Construction (Southern) Limited
1
A
Barratt Corporate Secretarial Services Limited
1
Barratt Developments (International) Limited
1
Barratt Dormant (Atlantic Quay) Limited
1
A
Barratt Dormant (Blackpool) Limited
1
A
Barratt Dormant (Harlow) Limited
1
A
Barratt Dormant (Tyers Bros. Oakham) Limited
1
A
Barratt Dormant (Walton) Limited
1
A
Barratt Dormant (WB Construction) Limited
1
A
Barratt Dormant (WB Developments) Limited
1
A
Barratt Dormant (WB Properties Developments)
1
A
Limited
Barratt Dormant (WB Properties Northern) Limited
1
A
Barratt East Anglia Limited
1
A
Barratt East Midlands Limited
1
Barratt East Scotland Limited
58
A
Barratt Eastern Counties Limited
1
A
Barratt Edinburgh Limited
2
A
Barratt Evolution Limited
1
A
Barratt Falkirk Limited
2
A
Barratt Leeds Limited
1
Barratt London Limited
1
Barratt Manchester Limited
1
A
Barratt Newcastle Limited
1
A
Barratt North London Limited
1
Barratt Northampton Limited
1
Barratt Northern Limited
1
Barratt Norwich Limited
1
A
Barratt Poppleton Limited
1
A
Barratt Preston Limited
1
A
Barratt Properties Limited
1
A
Barratt Redrow Holdings Limited
1
Registered
Subsidiary
office
Notes
Barratt Scottish Holdings Limited
2
A
Barratt South London Limited
1
Barratt South Wales Limited
1
Barratt South West Limited
1
A
Barratt Southern Counties Limited
1
Barratt Southern Limited
1
Barratt Southern Properties Limited
1
A
Barratt Special Projects Limited
1
A
Barratt St Mary\u2019s Limited
1
A
Barratt St Paul\u2019s Limited
1
A
Barratt Sutton Coldfield Limited
1
A
Barratt Trade And Property Company Limited
2
A
Barratt Urban Construction (East London) Limited
1
A
Barratt Urban Construction (Northern) Limited
1
A
Barratt Urban Construction (Scotland) Limited
2
A
Barratt West Midlands Limited
1
Barratt West Scotland Limited
2
Barratt Woking Limited
1
A
Barratt York Limited
1
Bart 225 Limited
1
A
Basildon Regeneration (Barratt Wilson Bowden) Limited
1
A
BDW (F.R.) Limited
1
A
BDW (F.R. Commercial) Limited
1
A
BDW North Scotland Limited
51
BDW Trading Limited
1
A
Bradgate Development Services Limited
1
A
Broad Oak Homes Limited
1
A
C V (Ward) Limited
1
A
Cadmoore Limited
65
A
Crossbourne Construction Limited
1
A
David Wilson Estates Limited
1
A
David Wilson Homes (Anglia) Limited
1
A
David Wilson Homes (East Midlands) Limited
1
A
David Wilson Homes (Home Counties) Limited
1
A
David Wilson Homes (North Midlands) Limited
1
A
David Wilson Homes (Northern) Limited
1
A
David Wilson Homes (South Midlands) Limited
1
A
David Wilson Homes (Southern) Limited
1
A
David Wilson Homes (Western) Limited
1
A
David Wilson Homes Land (No 10) Limited
1
A
David Wilson Homes Land (No 11) Limited
1
A
David Wilson Homes Land (No 13) Limited
1
A
Registered
Subsidiary
office
Notes
David Wilson Homes Land (No 14) Limited
1
A
David Wilson Homes Land (No 15) Limited
1
A
David Wilson Homes Limited
1
A
David Wilson Homes Services Limited
1
A
David Wilson Homes Yorkshire Limited
1
A
Debut Freeholds Limited
65
A
Decorfresh Projects Limited
1
A
Dicconson Holdings Limited
1
A
E. Barker Limited
1
A
E. Geary & Son Limited
1
A
English Oak Homes Limited
1
Francis (Springmeadows) Limited
1
A
Frenchay Developments Limited
1
A
G.D. Thorner (Construction) Limited
1
A
G.D. Thorner (Holdings) Limited
1
A
Gladman Developments Limited
1
A
Glasgow Trust Limited
2
A
Harrow Estates plc
65
A
Hartswood House Limited
1
Hawkstone (South West) Limited
1
A
HB (1995) Limited
84
A
HB (CD) Limited
65
A
HB (CPTS) Limited
65
A
HB (CSCT) Limited
84
A
HB (EM) Limited
65
A
HB (ESTN) Limited
65
A
HB (GRPS) Limited
65
A
HB (HDG) Limited
65
A
HB (Herne Bay No 1) Limited
65
A
HB (Herne Bay No 2) Limited
65
A
HB (LCS) Limited
84
A
HB (MID) Limited
65
A
HB (NW) Limited
65
A
HB (SC) Limited
84
A
HB (SE) Limited
65
A
HB (SM) Limited
65
A
HB (SN) Limited
65
A
HB (SW) Limited
65
A
HB (SWA) Limited
65
A
HB (WC) Limited
65
A
HB (WM) Limited
65
A
HB (WX) Limited
65
A
Registered
Subsidiary
office
Notes
HB (Y) Limited
65
A
Idle Works Limited
1
A
J.G. Parker Limited
1
A
James Harrison (Contracts) Limited
2
A
Janellis (No.2) Limited
1
A
Kealoha 11 Limited
1
A
Kealoha Limited
1
A
Kingsoak Homes Limited
1
Knightsdale Homes Limited
1
Lindmere Construction Limited
1
A
Marple Development Company Limited
1
A
Milton Park Homes Limited
1
A
Norfolk Garden Estates Limited
1
A
North West Land Developments Limited
1
A
Oregon Contract Management Limited
51
A
Oregon Timber Frame Limited
51
A
Oregon Timber Frame (England) Limited
1
A
PB0311
Limited
65
A
Poche Interior Design Limited
65
A
Radbourne Edge (Holdings) Limited
65
A
Radleigh Construction Limited
65
A
Radleigh (Hackwood) Limited
65
A
Radleigh Homes Limited
65
A
Redbourne Builders Limited
1
A
Redmira Limited
65
A
Redrow Construction Limited
65
A
Redrow Homes Limited
65
A
Redrow Homes East Midlands Limited
65
A
Redrow Homes (Park Heights) Limited
85
A
Redrow Homes (Wallyford) Limited
84
A
Redrow Langley Limited
65
A
Redrow Limited
65
A
Redrow Real Estate Limited
65
A
Redrow Regeneration plc
65
A
Redrow (Shareplan) Limited
65
A
Redrow (Sudbury) Limited
65
A
Roland Bardsley Homes Limited
1
A
Scothomes Limited
2
A
Scottish Homes Investment Company, Limited
2
A
Registered
Subsidiary
office
Notes
Skydream Property Co. Limited
1
A
Squires Bridge Homes Limited
1
A
Squires Bridge Limited
1
A
St David\u2019s Park Limited
65
A
Swift Properties Limited
1
A
Tay Homes (Midlands) Limited
65
A
Tay Homes (North West) Limited
65
A
Tay Homes (Northern) Limited
65
A
Tay Homes (Western) Limited
65
A
The French House Limited
1
A
The Waterford Park Company Limited
65
A
The Waterford Park Company (Balmoral) Limited
65
A
Tomnik Limited
1
A
Trencherwood Commercial Limited
1
A
Trencherwood Construction Limited
1
A
Trencherwood Developments Limited
1
A
Trencherwood Estates Limited
1
A
Trencherwood Group Services Limited
1
A
Trencherwood Homes (Holdings) Limited
1
A
Trencherwood Homes (Midlands) Limited
1
A
Trencherwood Homes (South Western) Limited
1
A
Trencherwood Homes (Southern) Limited
1
A
Trencherwood Homes Limited
1
A
Trencherwood Housing Developments Limited
1
A
Trencherwood Investments Limited
1
A
Trencherwood Land Holdings Limited
1
A
Trencherwood Land Limited
1
A
Trencherwood Retirement Homes Limited
1
A
Vizion (Milton Keynes) Limited
1
A
Ward Holdings Limited
1
A
Ward Homes (London) Limited
1
A
Ward Homes (North Thames) Limited
1
A
Ward Homes (South Eastern) Limited
1
A
Ward Homes Group Limited
1
A
Ward Homes Limited
1
A
Ward Insurance Services Limited
1
A
Wards Construction (Industrial) Limited
1
A
Wards Construction (Investments) Limited
1
A
Wards Country Houses Limited
1
A
Registered
Subsidiary
office
Notes
Waterton Tennis Centre Limited
29
A
William Corah & Son Limited
1
A
William Corah Joinery Limited
1
A
Wilson Bowden (Atlantic Quay Number 2) Limited
1
A
Wilson Bowden (Ravenscraig) Limited
1
Wilson Bowden City Homes Limited
1
A
Wilson Bowden Developments Limited
1
A
Wilson Bowden Group Services Limited
1
A
Wilson Bowden Limited
1
Yeovil Developments Limited
1
A
Subsidiaries of the Group which are management companies
limited by guarantee:
Registered
Subsidiary
office
Notes
10-16 (Even) Miller Road Limited
57
A, B
254-257 Scholars Place Management Company
45
A, B
Limited
28-33 Imperial Park Management Company Limited
26
A, B
500
Chiswick High Road Energy Management
65
A, B
Company Limited
500
Chiswick High Road Management Company
65
A, B
Limited
69-75 (Odd) Miller Road Limited
57
A, B
Abbey Farm Blunsdon Management Company Limited
9
A, B
Abbey Gate Residents Management Company Limited
5
A, B
Abbey View Residents Management Company Limited
57
A, B
Abbey Walk and Abbey Fields Resident
65
A, B
Management Company Limited
Abbotts Green (Woolpit) Management Company
14
A, B
Limited
Abbotts Meadow (Steventon) Management
12
A, B
Company Limited
Adderbury Fields Management Company Limited
5
A, B
Afon Gardens Management Company
49
A, B
(Brynmenyn) Limited
Aldhelm Court Management Company Limited
30
A, B
All Saints Resident Management Company
65
A, B
Allerton Gardens Residents Management
65
A, B
Company Limited
Alltwen Gardens Phase 2 Management Company
49
A, B
(Pontardawe) Limited
Amber Fields Management Company
68
A, B
Amberswood Rise Management Company Limited
57
A, B
Ambion Way Burbage Management Company Limited
65
A, B
Ambler\u2019s Meadow (East Ardsley) Management
10
A, B
Company Limited
Amington Garden Village Management Company
65
A, B
Limited
Anvil Place Residents Management Company
20
A, B
Limited
Appledore Green Management Company Limited
70
A, B
Applegarth Manor (Oulton) Management
10
A, B
Company Limited
Registered
Subsidiary
office
Notes
Applegate (Sittingbourne) Management Company
8
A, B
Limited
Archers Park 1 Limited
68
A, B
Arden Fields (Bulkington) Maisonettes
65
A, B
Management Company Limited
Arden Fields (Bulkington) Management Company
54
A, B
Limited
Ashridge Grange (Wokingham) Management
10
A, B
Company Limited
Ashtree Grove Residents Management Company
6
A, B
Limited
Aylesham (Central) Residents Management
11
A, B
Company Limited
Aylesham Village (Barratt) Residents Management
79
A, B
Company Limited
B5 Central Residents Management Company
23
A, B
Limited
Badbury Park (Swindon) Management Company
80
A, B
Limited
Badbury Park (Swindon) No 3 Management
80
A, B
Company Limited
Baggeridge Village Management Company Limited
5
A, B
Balston House Management Company Limited
68
A, B
Barrow Farm Management Company Limited
32
A, B
Barum Knoll, Barnstaple Management Company
54
A, B
Limited
Beaufort Park (Wootton Bassett) Management
50
A, B
Limited
Beavans House Management Company Limited
54
A, B
Beck Lane, Sutton-in-Ashfield (The Hawthorns)
26
A, B
Management Company Limited
Belle Vue (Doncaster) Management Company Limited
63
A, B
Berkeley Dene Management Company Limited
65
A, B
Bermondsey Heights Residents Energy
4
A, B
Management Company Limited
Bermondsey Heights Residents Management
4
A, B
Company Limited
Berry Acres (Paignton) Management Company Limited
47
A, B
Bideford Management Company Limited
54
A, B
Bilberry Chase Residents Management Company
20
A, B
Limited
Registered
Subsidiary
office
Notes
Birds Marsh View Chippenham Apartment
13
A, B
Resident Management Company Limited
Bishop Fields (Hereford) Management Company
20
A, B
Limited
Bishop Meadows Management Company Limited
8
A, B
Bishop\u2019s Hill Residents Management Company Limited
23
A, B
Bishops Green (Wells) Management Company
30
A, B
Limited
Blackberry Park Residents Management Company
13
A, B
Limited
Blackdown Heights (Crimchard) Management
18
A, B
Company Limited
Blackhorse View Energy Centre Management Company
1
A, B
Blackhorse View Residents Management Company
86
A, B
Blackmore Down Management Company
81
A, B
(Shaftesbury) Limited
Blackthorn Management Company at Blossom
65
A, B
Park Limited
Blackwater Reach (Southminster) Management
52
A, B
Company Limited
Blaise Park Resident Management Company Limited
10
A, B
Bleriot Gate Addlestone Management Company
8
A, B
Limited
Blossom Park Management Company Limited
65
A, B
Blossomfields Residents Management Company
5
A, B
Limited
Bloxham Vale Management Company Limited
65
A, B
Bluebell Woods (Wyke) Management Company Limited
10
A, B
Blundells Grange Infrastructure Management
65
A, B
Company Limited
Blundells Grange Management Company Limited
65
A, B
Blythe House Management Company Limited
39
A, B
Bodington Manor (Adel) Management Company
9
A, B
Limited
Bowden Chase Residents Management Company
10
A, B
Limited
Bowds House Management Company Limited
54
A, B
Braid Park (Tiverton) Management Company Limited
40
A, B
Bramble Wood Residential Management Company
57
A, B
Limited
Brindley Park (Phase 2) Management Company Limited
8
A, B
Registered
Subsidiary
office
Notes
Brindsley (Old Mill Farm) Management Company
60
A, B
Limited
Brizen Management Company (Leckhampton) Limited
81
A, B
Broadstone Manor Diggle Apartments
18
A, B
Management Company Limited
Broadstone Manor Diggle Management Company
8
A, B
Limited
Broken Stone Road (Blackburn) Residents
57
A, B
Management Company Limited
Brooklands (Milton Keynes) Management
41
A, B
Company Limited
Brookside Meadows Phase 1B Residents
47
A, B
Management Company Limited
Brookwood Meadows (Westham) Management
57
A, B
Company Limited
Broughton Manor (Milton Keynes) Management
65
A, B
Company Limited
Brue Place Residents Management Company
10
A, B
Limited
Brun Lea Heights Resident Management Company
26
A, B
Limited
Bruneval Gardens (Wellesley) Management
10
A, B
Company Limited
Buckley Gardens (Melksham) Management
59
A, B
Company Limited
Buckshaw Village Management Company Limited
8
A, B
Bure Meadows (Aylsham) Management Company
10
A, B
Limited
Burlington Road Residents\u2019 Management
1
A, B
Company Limited
Calder Grange (Billington) Management Company
8
A, B
Limited
Calder Rise Residents Management Company Limited
26
A, B
Canal Quarter Resident Management Company
16
A, B
Limited
Cane Hill Park (Gateway) Management Company
53
A, B
Limited
Canes Meadow (Brixton) Management Company
40
A, B
Limited
Canford Paddock (Poole) Management Company
46
A, B
Limited
Carleton Chase Resident Management Company
64
A, B
Limited
Registered
Subsidiary
office
Notes
Carlton Green (Carlton) Management Company Limited
9
A, B
Carnegie Court Management Company (Bassaleg)
54
A, B
Limited
Castle Donington Residents Management
74
A, B
Company Limited
Castle Hill (DWH1) Residents Management
8
A, B
Company Limited
Castlegate & Mowbray Park Management
63
A, B
Company Limited
Cedar Ridge Management Company Limited
10
A, B
Central Area Heat Company Limited
12
A, B
Centurion Meadows (Burley) Management
54
A, B
Company Limited
Centurion Village Management Company Limited
57
A, B
Ceres Rise Residents Management Company Limited
16
A, B
Chalkers Rise (Peacehaven) Management
10
A, B
Company Limited
Chantry Mews Residents Management Company
26
A, B
Limited
Chapel Gate (Launceston) Management Company
40
A, B
Limited
Charfield Gardens Management Company Limited
10
A, B
Charlton Common Management Company (Filton)
65
A, B
Limited
Cherry Blossom Meadow (Newbury) Management
12
A, B
Company Limited
Cherry Management Company at Blossom Park
65
A, B
Limited
Churchfields (Green Hammerton) Management
75
A, B
Company Limited
Churchlands Management Company (Cardiff) Limited
57
A, B
Clarence Fields Management Company Limited
8
A, B
Clements Gate (Poringland 2) Management
54
A, B
Company Limited
Clipstone Park (Leighton Buzzard) Management
54
A, B
Company Limited
Coat Grove (Martock) Management Company Limited
40
A, B
Colindale Gardens (Blackheath and Bronze)
69
A, B
Management Company Limited
Colindale Gardens (Block C) Management
69
A, B
Company Limited
Registered
Subsidiary
office
Notes
Colindale Gardens (Block W) Management
65
A, B
Company Limited
Colindale Gardens (Block X) Management
65
A, B
Company Limited
Colindale Gardens (Building G) Management
69
A, B
Company Limited
Colindale Gardens (Dianthus) Management
65
A, B
Company Limited
Colindale Gardens (Lassen & Newington)
69
A, B
Management Company Limited
Colindale Gardens (Maple & May) Management
69
A, B
Company Limited
Colindale Gardens Energy Management Company
65
A, B
Limited
Colindale Gardens Estate Management Company
69
A, B
Limited
Colliers Court (Speedwell) Management Company
13
A, B
Limited
Compass Point (Swanage Grammar School)
46
A, B
Management Company Limited
Compass Point (Swanage) Management Company
46
A, B
Limited
Constable Gardens (Residents) Management
14
A, B
Company Limited
Corinthian Place Management Company Limited
54
A, B
Cottam Gardens Resident Management Company
57
A, B
Limited
Cottenham Grove Management Company Limited
10
A, B
Cranberry Gardens (Congleton) Management
26
A, B
Company Limited
Cringleford Heights Management Company Limited
61
A, B
Croft Gardens (Phase 2) Management Company
12
A, B
Limited
Cromwell Court Management Company
18
A, B
(Basingstoke) Limited
Crown Hill View Management Company Limited
65
A, B
Crown Wharf Residents\u2019 Management Company
1
A, B
Limited
Dale Side Meadows Management Company Limited
8
A, B
Daracombe Gardens Management Company Limited
54
A, B
Darenth House and Lord House Management
67
A, B
Company Limited
Registered
Subsidiary
office
Notes
Daresbury Garden Village Management Company
8
A, B
Limited
Darwin Green Management Company Limited
54
A, B
Davenport House Management Company Limited
68
A, B
Davington Park (No 1) Management Company Limited
10
A, B
Davington Park (No 2) Management Company Limited
10
A, B
De Cheney Gardens Management Company Limited
30
A, B
De Clare Management Company (Hendredenny)
65
A, B
Limited
De Havilland Place (Hatfield) Limited
22
A, B
De Lacy Fields KM12 Management Company
5
A, B
Limited
Delamere Park (Nunney) Management Company
13
A, B
Limited
Dickens Gate (Staplehurst) Management
8
A, B
Company Limited
Dida Gardens (Didcot) Management Company
12
A, B
Limited
Donnington Heights (Newbury) Management
12
A, B
Company Limited
Doseley Park Residents Management Company
5
A, B
Limited
Dover Meadows (Maghull) Management Company
8
A, B
Limited
Drayton Meadows Management Company Limited
23
A, B
Drovers Court (Micklefield) Management
9
A, B
Company Limited
Dunmore Road (Abingdon) Management Company
47
A, B
Limited
Dunstall Park (Tamworth) Residents Management
20
A, B
Company Limited
Durose Country Park Management Company Limited
8
A, B
Earls Court Farm Worcester Residents
65
A, B
Management Company Limited
Earls Park Management Company Limited
30
A, B
East Ham Market Energy Centre Management Company
54
A, B
East Ham Market Residents Management Company
54
A, B
Eastman Village Energy Centre Management
1
A, B
Company Limited
Eastman Village Residents Management Company
1
A, B
Limited
Eaton Green Heights Management Company Limited
10
A, B
Registered
Subsidiary
office
Notes
Ebbsfleet Green Estate Management Company Limited
68
A, B
Ecclesden Park (Angmering) Management
18
A, B
Company Limited
Edinburgh House Mill Apartments Management
67
A, B
Company Limited
Edwalton (Sharp Hill) Management Company Limited
54
A, B
Eldebury Place (Chertsey) Management Company
18
A, B
Limited
Elderflower Management Company at Blossom
65
A, B
Park Limited
Elderwood (Bannerdale) Management Company
9
A, B
Limited
Elm Green Management Company (Waterlooville)
65
A, B
Limited
Elm Tree Park (Rainworth) Management Company
9
A, B
Limited
Elworthy Place (Wiveliscombe) Management
47
A, B
Company Limited
Elysian Fields (Adel) Management Company Limited
10
A, B
Embden Grange (Tavistock) Management
40
A, B
Company Limited
Emmet\u2019s Reach (Birkenshaw) Management
54
A, B
Company Limited
Ersham Park (Hailsham) Management Company
10
A, B
Limited
Fairfield (Stony Stratford) Management Company
41
A, B
Limited
Fairfield Croft Management Company Limited
63
A, B
Fairway Gardens (Rustington) Management
28
A, B
Company Limited
Farndon Meadow Management Company Limited
54
A, B
Farrier Place \u2013 Canford Paddock Phase 2 (Poole)
46
A, B
Management Company Limited
Ferris House Management Company Limited
54
A, B
Fiddington Management Company Limited
32
A, B
Filwood Park Management Company Limited
13
A, B
Finchwood Park Management Company Limited
7
A, B
Fleetwood Harbour Management Company
8
A, B
Limited
Folliott\u2019s Manor Residents Management Company
20
A, B
Limited
Forest Walk, Whiteley Management Company Limited
48
A, B
Registered
Subsidiary
office
Notes
Foundry Lea (Bridport) Management Company
59
A, B
Limited
Fox Meadows Management Company Limited
8
A, B
Fradley Manor Management Company Limited
20
A, B
Francis Fields (Frome) Management Company
59
A, B
Limited
Franklin Gardens (Darwin Green) Management
14
A, B
Company Limited
Freemen\u2019s Meadow Residents Management
26
A, B
Company Limited
Frenchay Park (Apartment Block 1) Management
65
A, B
Company Limited
Frenchay Park (Apartment Block 2) Management
65
A, B
Company Limited
Frenchay Park (Apartment Block 3) Management
65
A, B
Company Limited
Frenchay Park (Apartment Block 4) Management
65
A, B
Company Limited
Frenchay Park (Apartment Block 8) Management
65
A, B
Company Limited
Frenchay Park Management Company Limited
65
A, B
Garnett Wharf (Otley) Management Company Limited
9
A, B
Gateway Residents Management Company Limited
58
A, B
Gerway Management Limited
40
A, B
Gilden Park (Old Harlow) Residents Management
8
A, B
Company Limited
Gillies Meadow (Basingstoke) Management
12
A, B
Company Limited
Gillingham Meadows Management Company
8
A, B
Limited
Gladstone Leigh Management Company Limited
8
A, B
Glenvale Park Management Company Limited
41
A, B
Glevum Green Management Company
81
A, B
(Gloucester) Limited
Goetre Uchaf Management Company Limited
10
A, B
Grace Fields (Hilton Grange) Management
8
A, B
Company Limited
Granby Meadows Management Company Limited
57
A, B
Grange Farm (Hartford) Management Company Limited
26
A, B
Grange Park (Hampsthwaite) Management
10
A, B
Company Limited
Registered
Subsidiary
office
Notes
Great Denham Park Phase 4 Residents Management
56
A, B
Company Limited
Great Dunmow Grange Management Company Limited
18
A, B
Great Milton Garden Park Management Company
65
A, B
(Llanwern) Limited
Greenways Management Company Limited
65
A, B
GWP Management Limited
65
A, B
H2363
Limited
59
A, B
Hackwood Management Company Limited
74
A, B
Hadley Grange Phase 4 Residents Management
10
A, B
Company Limited
Hallam Park Residents Management Company
23
A, B
Limited
Hamlet Park Management Company Limited
10
A, B
Hampden Meadows Residents Management
65
A, B
Company Limited
Hampton Water Management Company Limited
15
A, B
Hanwood Park Community Partnership Limited
17
A, B
Harbour Place (Bedhampton) Management
35
A, B
Company Limited
Harbourside (East Quay Apartments 13\u201321 &
29
A, B
31\u201339) Management Company Limited
Harclay Park Management Company Limited
57
A, B
Harlestone Grange (Dallington) Management
16
A, B
Company Limited
Harlow Gateway Limited
54
A, B
Hartley Brook (Netherton) Management
9
A, B
Company Limited
Harvest Rise Management Company
65
A, B
(Angmering) Limited
Haskins House Management Company Limited
54
A, B
Hawley Gardens Management Company Limited
36
A, B
Hawthorn Grove (Westham) Management
57
A, B
Company Limited
Hawthorn Rise (Newton Abbot) Management
54
A, B
Company Limited
Hayes Green Management Company Limited
54
A, B
Hayes Village Energy Centre Management
1
A, B
Company Limited
Hayes Village Resident Management Company Limited
1
A, B
Hazel Park Management Company Limited
65
A, B
Registered
Subsidiary
office
Notes
Heather Croft (Pickering) Management
9
A, B
Company Limited
Hedera Gardens Resident Management
10
A, B
Company Limited
Helme Ridge (Meltham) Management
54
A, B
Company Limited
Henbrook Gardens Management Company Limited
20
A, B
Hendon Waterside Energy Centre Management
1
A, B
Company Limited
Hendon Waterside Residents Management
1
A, B
Company Limited
Henmore Gardens Management Company Limited
8
A, B
Heritage Fields Residents Management
65
A, B
Company Limited
Heron House (Wichelstowe) Management
54
A, B
Company Limited
Heronden Grange Management Company Limited
68
A, B
Hesslewood Park Management Company Limited
10
A, B
Hewenden Ridge (Cullingworth) Management
9
A, B
Company Limited
Hidcote House Management Company Limited
54
A, B
High Elms Park (Hullbridge) Management
9
A, B
Company Limited
High Forest (New Waltham) Management
10
A, B
Company Limited
High Street Quarter Energy Centre Management
1
A, B
Company Limited
High Street Quarter Residents Management
1
A, B
Company Limited
Highflyer Management Co. Ltd
56
A, B
Highgrove Gardens (Romsey) Management
46
A, B
Company Limited
Highwood Green Management Company Limited
68
A, B
Hillside Gardens (Orchard RW) Residents
40
A, B
Management Company Limited
Holly Bush Court Midsummer Meadow
10
A, B
Management Company Limited
Holly Lodge (Stoneycroft) Management
8
A, B
Company Limited
Holly View (St Dials) Management Company Limited
18
A, B
Registered
Subsidiary
office
Notes
Hollygate Green (Hollygate Lane, Cotgrave)
16
A, B
Management Company Limited
Hollygate Park (Cotgrave) Management
16
A, B
Company Limited
Honeymans Helm (Highworth) Management
59
A, B
Company Limited
Hop Field Place Management Company (Alton) Limited
65
A, B
Hugglescote Grange (Redrow) Management
26
A, B
Company Limited
Infinity Park Derby Management Limited
1
A, B
Inglewhite Meadows Residents Management
8
A, B
Company Limited
Inkersall Road (Chesterfield) Management
9
A, B
Company Limited
Ivel Gardens Resident Management Company
65
A, B
Jenkins House Management Company Limited
54
A, B
Keeper\u2019s Meadow Residents Management
23
A, B
Company Limited
Kennet Heath Management (No. 3) Limited
49
A, B
Kennett Heath Management Limited
8
A, B
Kilners Grange (Tongham) Management
10
A, B
Company Limited
Kingfisher Meadow (Horsford) Management
61
A, B
Company Limited
Kingfisher Meadows Residents Management
23
A, B
Company Limited
Kings Chase Residents Management Company Limited
25
A, B
Kings Lodge (Hatfield) Management Company Limited
54
A, B
Kings Meadow Residents Management
10
A, B
Company Limited
Kingsbourne (Nantwich) Community Management
8
A, B
Company Limited
Kingsbourne (Nantwich) Community Management
8
A, B
Company Limited
Kingsbrook Estate Management Company Limited
16
A, B
Kingsdown Gate (Swindon) Management
13
A, B
Company Limited
Kingsland Park Management Company Limited
65
A, B
Kingsley Manor Management Company Limited
57
A, B
Kingston Grange House Management
6
A, B
Company Limited
Registered
Subsidiary
office
Notes
Kingston Heights Energy Management
65
A, B
Company Limited
Kipling Road (Ledbury) Residents Management
20
A, B
Company Limited
Knightlow Park Management Company Limited
10
A, B
Knights Park (Watton) Management Company Limited
54
A, B
Knights Rise (Temple Cloud) Management
30
A, B
Company Limited
Knights View (Landgold) Management
54
A, B
Company Limited
KP (Macclesfield) Residents Management
26
A, B
Company Limited
KW (Site B) Management Company Limited
12
A, B
Ladden Garden Village Apartment Blocks BCD
30
A, B
Management Company Limited
Ladden Garden Village Management Company Limited
30
A, B
Lancaster Gardens (Phase 2) Management
63
A, B
Company Limited
Lancaster Gardens Management Company Limited
63
A, B
Langham Mews Management Company Limited
44
A, B
Langley Grange Management Company Limited
75
A, B
Languard View (Dovercourt) Residents
14
A, B
Management Company Limited
Lapwing Green Resident Management
12
A, B
Company Limited
Lavant Views Management Company
8
A, B
(Chichester) Limited
Lavender Grange (Stondon) Residential
48
A, B
Management Company Limited
Lavendon Fields (Olney) Residents Management
57
A, B
Company Limited
Lawsonstead Management Company Limited
8
A, B
Lay Wood (Devizes) Management Company Limited
13
A, B
Ledsham Garden Village Management
8
A, B
Company Limited
Leestone Park Resident Management
65
A, B
Company Limited
Letcombe Gardens (Grove) Management
47
A, B
Company Limited
Lichfield City Wharf (Offices) Management
72
A, B
Company Limited
Registered
Subsidiary
office
Notes
Lightmakers Sydenham Residents\u2019 Management
1
A, B
Company Limited
Linmere (Houghton Regis) Residents
54
A, B
Management Company Limited
Lock Keeper\u2019s Gate (Low Barugh) Management
10
A, B
Company Limited
Locksbridge Park (Andover) Management
12
A, B
Company Limited
Lockwood Fields (Chidswell) Management
10
A, B
Company Limited
Lodge Park Management Company Limited
10
A, B
Lord House Management Company Limited
68
A, B
Low Street (Sherburn in Elmet) Management
71
A, B
Company Limited
Lubbesthorpe R5 Management Company Limited
60
A, B
Lucas Gardens Resident Management
65
A, B
Company Limited
Lucerne Fields (Ivybridge) Management
40
A, B
Company Limited
Luneside Mills (Apartments) Management
8
A, B
Company Limited
Luneside Mills Management Company Limited
8
A, B
Lyde View Residents Management Company Limited
10
A, B
Lymington (Bridge Road) Management
82
A, B
Company Limited
Macclesfield Road Management Company Limited
64
A, B
Madgwick Park Management Company Limited
46
A, B
Mallard Meadows Residents Management
56
A, B
Company Limited
Mandeville Crescent Management Company Limited
65
A, B
Manor Court Management Company (Rainham)
10
A, B
Limited
Manor Park (Rainham) Management Company Limited
10
A, B
Manor Place Management Company (Angmering)
65
A, B
Limited
Maple and Willow Management Company at
Westley Green Limited
10
A, B
Maple Walk Management Company (Liphook) Limited
18
A, B
Marham Park Management Company Limited
18
A, B
Market Warsop (Stonebridge Lane) Management
16
A, B
Company Limited
Registered
Subsidiary
office
Notes
Marston Park (Marston Moretaine) Management
41
A, B
Company Limited
Martello Lakes (Barratt) Resident Management
8
A, B
Company Limited
Martello Lakes (Hythe) Resident Management
8
A, B
Company Limited
Martingale Chase (Newbury) Management
8
A, B
Company Limited
Matrix Office Park Management Company Limited
65
A, B
Matrix Park (Plot 1100) Management Company
65
A, B
Limited
Matrix Park (Plot 3100) Management Company Limited
65
A, B
Matrix Park (Plot 3300) Management Company Limited
8
A, B
Matrix Park Management Company Limited
65
A, B
Meadow Gardens Management Company (Yapton)
65
A, B
Limited
Meadow Vale (Bradley Villa) Management
57
A, B
Company Limited
Meadow View Silver End Estate Management
10
A, B
Company Limited
Meadow View Watchfield Management
13
A, B
Company Limited
Meadowbrook (Tattenhall) Management
65
A, B
Company Limited
Meadowburne Place (Willingdon) Management
54
A, B
Company Limited
Meadowfields (Boroughbridge) Management
9
A, B
Company Limited
Melton Mowbray (Kirby Lane) Management
60
A, B
Company Limited
Merlin Gate (Newent) Management Company Limited
50
A, B
Mill Brook (Westbury) Management Company Limited
59
A, B
Mill Hill Bingham Management Company Limited
65
A, B
Mill Meadows Management Company
65
A, B
(Sudbrook) Limited
Millbrook Park (Phase 9) Energy Centre
1
A, B
Management Company Limited
Millbrook Park (Phase 9) Residents\u2019 Management
1
A, B
Company Limited
Millfields (Hackbridge) Management Company Limited
65
A, B
Millstone View Management Company Limited
65
A, B
Millview Park Management Company Limited
65
A, B
Registered
Subsidiary
office
Notes
Minerva (Apartments) Management Company Limited
40
A, B
Monarchs Keep (Bursledon) Management
46
A, B
Company Limited
Monchelsea Park (Bicknor House) Management
68
A, B
Company Limited
Monchelsea Park (Sutton House) Management
68
A, B
Company Limited
Monchelsea Park Management Company Limited
68
A, B
Monkton Heathfield Management Company Limited
65
A, B
Montague Park No2 (Buckhurst Farm)
12
A, B
Management Company Limited
Monument House Management Company Limited
54
A, B
Moorland Gate (Bishops Lydeard) Management
50
A, B
Company Limited
Morgan Court Management Company
54
A, B
(Churchlands) Limited
Mortimer Park (Driffield) Management Company
9
A, B
Limited
Mortimer Park Phase 2 and Porters Way
57
A, B
Residential Management Company Limited
Mortimer Place (Hatfield Peverel) Residents
14
A, B
Management Company Limited
Morton Meadows (Thornbury) Management
50
A, B
Company Limited
Mulberry Park Estate Management Company Limited
8
A, B
Nant Y Castell (Caldicot) Management
54
A, B
Company Limited
Needham\u2019s Grange Residents Management
20
A, B
Company Limited
Needingworth Park Residents Management
56
A, B
Company Limited
Nerrols Grange (Taunton) Management
13
A, B
Company Limited
Netherwood (Darfield) Management
54
A, B
Company Limited
New Heritage (Bordon) Management
46
A, B
Company Limited
New Mill Quarter (BL) Residents Management
8
A, B
Company Limited
New Mill Quarter Estate Resident Management
8
A, B
Company Limited
Newbery Corner Management Company Ltd
43
A, B
Registered
Subsidiary
office
Notes
Newton Garden Village Management
65
A, B
Company Limited
Nicker Hill (Redrow) Management Company Limited
65
A, B
Nightingale Woods (Wendover) Residential
42
A, B
Management Company Limited
Niveus Walk Management Company Limited
7
A, B
North Abington Management Company Limited
47
A, B
Northfield Park (Patchway) Management
32
A, B
Company Limited
Northop Park Management Company Limited
26
A, B
Northstowe Residents Management Company Limited
54
A, B
Northwalls Grange (Taunton) Management
30
A, B
Company Limited
Norton Farm Management Company Limited
20
A, B
Notton Wood View (Royston) Management
54
A, B
Company Limited
Nursery Fields (North Bersted)
57
A, B
Management Company
Oak and Sycamore Management Company
10
A, B
at Westley Green Limited
Oak Hill Mews Management Company Limited
20
A, B
Oak Leigh Gardens (Barrow) Management
8
A, B
Company Limited
Oakfield Village Estate Management Company Limited
16
A, B
Oaklands (Pontefract) Management Company Limited
9
A, B
Oaklands Park (Ashbourne) Management
74
A, B
Company Limited
Oaklands Park Thundersley Management
10
A, B
Company Limited
Oakleigh Fields Cliffe Woods Management
65
A, B
Company Limited
Oakwood Fields Management Company Limited
8
A, B
Oatley Park Management Company Limited
62
A, B
Okement Park (Okehampton) Management
54
A, B
Company Limited
Oldfield Park (Poulton) Management Company
8
A, B
Limited
Olive Park Residents Management Company Limited
17
A, B
Orchard 1 Management Company Limited
10
A, B
Orchard Gate (Kingston Bagpuize) Management
18
A, B
Company Limited
Orchard Green Estate Management Company Limited
16
A, B
Registered
Subsidiary
office
Notes
Orchard Meadows (Appleton) Management
45
A, B
Company Limited
Orchid Place Management Company
65
A, B
(Warfield) Limited
Orleigh Cross Management Company
49
A, B
(Newton Abbot) Limited
Oughtibridge Valley (Oughtibridge) Management
9
A, B
Company Limited
Overstone Gate Residents Management
56
A, B
Company Limited
Padcroft (West Drayton) Energy Management
69
A, B
Company Limited
Padcroft (West Drayton) Management
69
A, B
Company Limited
Paddock Green (East Hoathly) Management
65
A, B
Company Limited
Parc Coleg Management Company (Caerleon) Limited
65
A, B
Parc Elisabeth Management Company
65
A, B
(Newport) Limited
Parc Fferm Wen (St Athan) Management
54
A, B
Company Limited
Parish Brook Residents Management Company Limited
32
A, B
Parisian Court at Rosedale Park Management
18
A, B
Company Limited
Park Farm (Thornbury) Community Interest Company
30
A, B
Park View Hinckley Management Company Limited
65
A, B
Patch Meadows (Somerton) Management
30
A, B
Company Limited
Pates House Management Company Limited
39
A, B
Pavilion Square (Phase 2) Management
63
A, B
Company Limited
Pavilion Square (Pocklington) Management
63
A, B
Company Limited
Pear Tree Meadows Management Company Limited
8
A, B
Peasedown Meadows Management Company Limited
30
A, B
Pebble Walk (Hayling Island) Management
54
A, B
Company Limited
Pembridge Park (Phase 2) Management
26
A, B
Company Limited
Pembroke Park (Cirencester) Management
30
A, B
Company Limited
Pen Bethan (Falmouth) Management Company Limited
18
A, B
Registered
Subsidiary
office
Notes
Penndrumm (Looe) Management Company Limited
40
A, B
Pennine Grange Management Company Limited
65
A, B
Penning Ridge (Penistone) Management
9
A, B
Company Limited
Pentref Llewelyn (Penllergaer) Management
10
A, B
Company Limited
Perry Court (Faversham) Management
54
A, B
Company Limited
Phase 3 Clark Drive 2 LGV Management
32
A, B
Company Limited
Phase 3 Clark Drive LGV Management
32
A, B
Company Limited
Phoenix And Scorseby Park Management
63
A, B
Company Limited
Phoenix Quarter \u2014 Apt \u2014 Management
49
A, B
Company Limited
Phoenix Quarter Estate Management Company Limited
49
A, B
Pilgrims Chase Resident Management
73
A, B
Company Limited
Pine and Cedar Management Company at Westley
10
A, B
Green Limited
Pinewood Park (Formby) Management
57
A, B
Company Limited
Pinn Brook Park (Monkerton) Management
40
A, B
Company Limited
PL2 Plymouth (2016) Limited
40
A, B
Plasdwr Management Company Limited
77
A, B
Platinum Place Trowbridge Management
13
A, B
Company Limited
Plaza Court Ebbsfleet Management Company Limited
68
A, B
Poets Grange Apartments Management
54
A, B
Company Limited
Polden Orchard Management Company
65
A, B
(Puriton) Limited
Poppy Fields (Cottingham) Management
63
A, B
Company Limited
Poppy Fields (Rotherham) Management
65
A, B
Company Limited
Portman Square West Village Reading
12
A, B
Management Company Limited
Preston Fields Management Company Limited
65
A, B
Priestley House Management Company Limited
54
A, B
Registered
Subsidiary
office
Notes
Primrose Gardens Resident Management
65
A, B
Company Limited
Priory Fields (Pontefract) Management
10
A, B
Company Limited
Priory Park and Church View Management
65
A, B
Company Limited
Prospect Rise (Whitby) Management Company Limited
63
A, B
Quarter Jack Park (Wimborne) Management
46
A, B
Company Limited
Quarter Jack Park Management Company Limited
55
A, B
Quorn Lodge Residents Management Company
26
A, B
Raleigh Holt (Barnstaple) Management
47
A, B
Company Limited
Ramsey Park Residents Management Company Limited
56
A, B
Ratio 1 Management Company Limited
67
A, B
Ratio 2 Management Company Limited
67
A, B
Ratio 3 Management Company Limited
67
A, B
Ratio 4 Management Company Limited
67
A, B
Ratio 5 Management Company Limited
67
A, B
Ravenhill Park Management Company Limited
20
A, B
Rayne Gardens Management Company Limited
68
A, B
Redhayes Management Company Limited
40
A, B
Redrow@Cityfields Management Company Limited
8
A, B
Redwood Heights (Plymouth) Management
40
A, B
Company Limited
Regents Court Bishops Stortford Management
10
A, B
Company Limited
Regents Quay Management Company Limited
68
A, B
Residents Management Company (Beaconside) Limited
57
A, B
Richmond Park (Whitfield) Residents Management
8
A, B
Company Limited
Ridgeway Views Energy Centre Management
54
A, B
Company Limited
Ridgeway Views Residents Management Company
54
A, B
River Meadow Barratt (Stanford in the Vale)
12
A, B
Management Company Limited
River Whitewater Management Company
10
A, B
(Hook) Limited
Riverdown Park (Salisbury) Management
54
A, B
Company Limited
Registered
Subsidiary
office
Notes
Riverside Grange (Farmbridge) Management
9
A, B
Company Limited
Riverwalk Apartments (Kingston) Management
69
A, B
Company Limited
Roman Walk (Minster) Resident Management
11
A, B
Company Limited
Romans Edge Godmanchester Management
54
A, B
Company Limited
Romans Walk Webheath Management
65
A, B
Company Limited
Romans\u2019 Quarter (Bingham) Residential
16
A, B
Management Company Limited
Romans Quarter (Gillingham) Residents
55
A, B
Management Company Limited
Romansfield Management Company
81
A, B
(Okehampton) Limited
Rose and Lillies Residents Management
57
A, B
Company Limited
Rosewood Park Bexhill Residents Management
3
A, B
Company Limited
Rothley Lodge Residents Management
26
A, B
Company Limited
Roundhill Gardens Residents Management
57
A, B
Company Limited
Roundwood (Garforth) Management Company Limited
8
A, B
Russet Park Residential Management
57
A, B
Company Limited
RV North Petherton Residents Management
32
A, B
Company Limited
Ryarsh Park Management Company Limited
10
A, B
Ryebank Gate (Yapton) Management
28
A, B
Company Limited
Saddleworth View Management Company Limited
8
A, B
Salters Brook (Cudworth) Management
54
A, B
Company Limited
Sanderling Park Management Company Limited
8
A, B
Sanderson Park Resident Management Company
76
A, B
Sandridge Place (Melksham) Management
10
A, B
Company Limited
Saunderson Gardens Management Co Limited
10
A, B
Sawbridge Park (Sawbridgeworth) Management
16
A, B
Company Limited
Registered
Subsidiary
office
Notes
Saxon Corner (Emsworth) Management
46
A, B
Company Limited
Saxon Dean (Silsden) Management
10
A, B
Company Limited
Saxon Fields (Cullompton) Management
40
A, B
Company Limited
Saxon Fields (Thanington) Management
11
A, B
Company Limited
Saxon Gate (Stamford Bridge) Management
63
A, B
Company Limited
Saxon Meadows (Market Harborough)
8
A, B
Management Company Limited
Saxon Woods Management Company Limited
10
A, B
Scholars Walk Management Company
54
A, B
(Hereford) Limited
Scotgate Ridge (Honley) Management
54
A, B
Company Limited
Shaftmoor Land Residents Management
20
A, B
Company Limited
Sholden Meadows (Deal) Resident Management
11
A, B
Company Limited
Silkwood Gate (Wakefield) Management
9
A, B
Company Limited
Silverbrook Meadow Residents Management
65
A, B
Company Limited
Somerhill Green Management Company Limited
10
A, B
Spinney Fields Residents Management
5
A, B
Company Limited
Spitfire Green (Manston) Residents Management
49
A, B
Company Limited
Spring Valley View (Clayton) Management
10
A, B
Company Limited
Springfield Place Resident Management
54
A, B
Company Limited
Springfields (Highburton) Management
65
A, B
Company Limited
St Andrews Park 1 Limited
68
A, B
St Andrews Park 2 Limited
68
A, B
St Andrews Park 3 Limited
68
A, B
St Andrews Park 4 Limited
68
A, B
St Andrews Park 5 Limited
68
A, B
Registered
Subsidiary
office
Notes
St Andrews View (Morley) Management Co.
54
A, B
Limited
St David\u2019s Meadow Management Company
78
A, B
(Colwinston) Limited
St James Gardens (Wick) Management
29
A, B
Company Limited
St James Management Company Limited
9
A, B
St Johns View Residents Management
57
A, B
Company Limited
St Mary\u2019s Park (No. 3) Management Company
49
A, B
Limited
St Nicholas Mews Basildon Management
10
A, B
Company Limited
St Rumbolds Fields Management Company Limited
16
A, B
St. Andrews Park 6 Limited
68
A, B
St. Andrews Park 7 Limited
68
A, B
St. Andrews Place (Morley) Management Co. Limited
54
A, B
St. John\u2019s Walk (Hoylandswaine) Management
54
A, B
Company Limited
St. John's Mews (Wakefield) Management
8
A, B
Company Limited
St. Mary\u2019s Park (Hartley Wintney) Management
54
A, B
Company Limited
St. Michael's Meadow Management Company
65
A, B
(Alphington) Limited
St. Oswald\u2019s View (Methley) Management
9
A, B
Company Limited
Stallard House Management Company Limited
39
A, B
Steeple Chase Management Company
49
A, B
(Calne) Limited
Stewarts Reach and Wolds View Residential
9
A, B
Management Company Limited
Stone Hill Meadow Management Company Limited
65
A, B
Stoney Chase Management Company Limited
66
A, B
Stotfold Park Management Company Limited
10
A, B
Summersfield (Papworth) Management
41
A, B
Company Limited
Sundial Place Residents Management
57
A, B
Company Limited
Sutton Woods Management Company Limited
68
A, B
Swallows Field (Hemel Hempstead) Management
22
A, B
Company Ltd
Registered
Subsidiary
office
Notes
Swan Mill (Newbury) Management Company Limited
12
A, B
Swanland Heights Management Company Limited
57
A, B
Swinbrook Park (Carterton) Management
12
A, B
Company Limited
Switherland Lodge Residents Management
26
A, B
Company Limited
Sycamore Manor (Whittle-le-Woods) Management
8
A, B
Company Limited
Sydney Place (Crewe) Management Company Limited
57
A, B
Tabley Green Management Company Limited
8
A, B
Tabley Park Residents Management Company Limited
8
A, B
Talbot and Clockmakers Management Company Limited
23
A, B
Tarka Ridge (Yelland) Management Company Limited
47
A, B
Tascroft Rise Phase 3 Management Company
10
A, B
(Warminster) Limited
Tascroft Rise Phase 4 Management Company
10
A, B
(Warminster) Limited
Taylor's Chase Management Company Limited
8
A, B
Templar\u2019s Chase (Wetherby) Management
9
A, B
Company Limited
Temple Wharf Management Company Limited
10
A, B
Temple Woods Management Company Limited
10
A, B
The Acorns (Altrincham) Management
66
A, B
Company Limited
The Acorns and Hunters Wood Management
54
A, B
Company Limited
The Belt Open Space Management Co Limited
63
A, B
The Brambles Dunmow Management
10
A, B
Company Limited
The Bridleways (Eccleshill) Management
54
A, B
Company Limited
The Causeway Park (Petersfield) Management
34
A, B
Company Limited
The Chase (Newbury) Management
12
A, B
Company Limited
The Chocolate Works Management Company Limited
37
A, B
The Coppice Sutton Road Maidstone Management
68
A, B
Company Limited
The Courtyard (Darwin Green) Management
16
A, B
Company Limited
The Elms (Wells) Management Company Limited
59
A, B
Registered
Subsidiary
office
Notes
The Fairways Herne Bay Management
68
A, B
Company Limited
The Finches (Hilton Grange) Management
8
A, B
Company Limited
The Furlongs (Westergate) Management
46
A, B
Company Limited
The Glassworks (Catcliffe) Management
10
A, B
Company Limited
The Grange (Lightcliffe) Management
10
A, B
Company Limited
The Hamlets Management Company Limited
55
A, B
The Harringtons Management Company
49
A, B
(Exeter) Limited
The Hedgerows (Clayton) Management
8
A, B
Company Limited
The Hoplands Management Company Limited
68
A, B
The Hunters and Weavers Management
26
A, B
Company Limited
The Lakes (Curborough) Management
65
A, B
Company Limited
The Lakes Management Company
13
A, B
(South Cerney) Limited
The Landings (Manston) Management
65
A, B
Company Limited
The Lanes Springfield Residents\u2019 Management
1
A, B
Company Limited
The Lawns (Kennington Road) Management
10
A, B
Company Limited
The Lawns Preston Hall Management
10
A, B
Company Limited
The Library (Darwin Green) Management
16
A, B
Company Limited
The Loftings Management Company
8
A, B
(Maidenhead) Limited
The Maltings (Haddenham) Management
65
A, B
Company Limited
The Maltings Management Company
54
A, B
(Llantarnam) Limited
The Maples Buntingford Management
10
A, B
Company Limited
The Meads (Frampton Cotterell) Management
13
A, B
Company Limited
The Mill at Springfield Management Company Limited
68
A, B
Registered
Subsidiary
office
Notes
The Mounts Residents Management
5
A, B
Company Limited
The Nook (Etwall) Management Company Limited
65
A, B
The Old Meadow Management Company Limited
47
A, B
The Orchards (Hildersley) Management
10
A, B
Company Limited
The Paddocks (Skelmanthorpe) Management
10
A, B
Company Limited
The Paddocks (Southmoor) Management
12
A, B
Company Limited
The Parklands (Birmingham) Management
65
A, B
Company Limited
The Parsonage Marden Management
68
A, B
Company Limited
The Pastures (Knaresborough) Management
63
A, B
Company Limited
The Pastures Residents Management
10
A, B
Company Limited
The Pavilions Management Company
46
A, B
(Southampton) Limited
The Pavilions Resident Management
57
A, B
Company Limited
The Pearls Residents Management
20
A, B
Company Limited
The Point (Thorpe) Management Company Limited
66
A, B
The Poppies (Maidstone) Residents Management
8
A, B
Company Limited
The Shires Bulphan Estate Management
68
A, B
Company Limited
The Spires (Chesterfield) Management
26
A, B
Company Limited
The Stables (Hollygate Lane, Cotgrave)
16
A, B
Management Company Limited
The Steeples (Barton) Management Company Limited
54
A, B
The Vineyards Management Company Limited
30
A, B
The Watchmakers Residents Management
20
A, B
Company Limited
The West Works (Southall) Energy Management
54
A, B
Company Limited
The West Works (Southall) Management
54
A, B
Company Limited
Registered
Subsidiary
office
Notes
The Woodlands (Sturry) Management
11
A, B
Company Limited
The Woodlands Residential Management
57
A, B
Company Limited
Thornbury Gardens Dinnington Management
10
A, B
Company Limited
Tinkinswood Green Management Company Limited
54
A, B
Tranby Fields Management Company Limited
10
A, B
Treledan (Saltash) Management Company Limited
54
A, B
Trumpington (Phase 8\u201411) Management Company
10
A, B
Limited
Trumpington Meadows Residents Management
10
A, B
Company Limited
Trumpington Vista Management Company Limited
16
A, B
Tudor Meadow Resident Management
65
A, B
Company Limited
Ty Newydd Management Company (Wrexham) Limited
10
A, B
Union Park (Falmouth) Management Company Limited
40
A, B
Upton Gardens Energy Centre Management Company
1
A, B
Upton Gardens Residents Management Company
54
A, B
Vicarage Fields Management Company Limited
68
A, B
Victoria Heights (Alphington) Management
40
A, B
Company Limited
Wadsworth Gardens (Cleckheaton) Management
54
A, B
Company Limited
Waite House Management Company Limited
1
A, B
Waldmers Wood Management Company Limited
57
A, B
Warboys Management Company Limited
38
A, B
Waterside Affinity (Waverley) Management
10
A, B
Company Limited
Waterside (The Quays Barry) Management
29
A, B
Company Number 1 Limited
Waterside (The Quays Barry) Management
29
A, B
Company Number 2 Limited
Waterside (The Quays Barry) Management
29
A, B
Company Number 3 Limited
Waterside Reach Management Company Limited
10
A, B
Waterside Trentham Residents Management
57
A, B
Company Limited
Watkin Road Energy Centre Management Company
54
A, B
Watkin Road Residents Management Company
54
A, B
Registered
Subsidiary
office
Notes
Watling House Management Company Limited
67
A, B
Wayland Fields Residents Management
61
A, B
Company Limited
WBD (Kingsway Management) Limited
1
A, B
Weavers Chase (Golcar) Management
9
A, B
Company Limited
Webheath (Redditch) Management Company Limited
54
A, B
Wedgwood Residents Management Company Limited
5
A, B
Wellington Place (Fradley) Management
65
A, B
Company Limited
Wendel View Residents Management
10
A, B
Company Limited
Westbourne Place Energy Management
13
A, B
Company Limited
Westbourne Place Management Company Limited
13
A, B
Westbridge Park (Auckley) Management
26
A, B
Company Limited
Westgate House Ebbsfleet Management
68
A, B
Company Limited
Westley Green Management Company Limited
10
A, B
Westminster View (Clayton) Management
10
A, B
Company Limited
Weston Meadows, Calne Management
50
A, B
Company Limited
Whalley Road (Barrow) Management
8
A, B
Company Limited
Whatman House Management Company Limited
67
A, B
White Lias House Management Company Limited
6
A, B
White Post Farm Midsomer Norton Management
32
A, B
Company Limited
Whitehall Grange (New Farnley) Management
65
A, B
Company Limited
Whittingham Residents Management
64
A, B
Company Limited
Whittlesey Lakeside (Cambridge) Management
21
A, B
Company Limited
Wichelstowe Estate Management CIC
1
A, B
Wigmore Park Management Company Limited
10
A, B
Willow Grove (Stopsley) Management
8
A, B
Company Limited
Willow Grove (Wixams) Management Company Limited
41
A, B
Willow Lane (Beverley) Management
63
A, B
Company Limited
Registered
Subsidiary
office
Notes
Willow Lane (Beverley) Phase 2 Management
19
A, B
Company Limited
Willowmead (Wiveliscombe) Management
31
A, B
Company Limited
Winkleigh Cross Management Company Limited
49
A, B
Winnington View Management Company Limited
26
A, B
Winnington Village Community Management
26
A, B
Company Limited
Winnycroft Residents Management Company Limited
13
A, B
Withies Bridge Management Company Ltd
30
A, B
Woburn View Residents Management
65
A, B
Company Limited
Woodborough Grange Management Company
10
A, B
(Winscombe) Limited
Woodford Garden Village Management
8
A, B
Company Limited
Woodhall Grange Management Company Limited
63
A, B
Woodland Chase (Eccleston) Management
65
A, B
Company Limited
Woodland Heath Residential Management
61
A, B
Company Limited
Woodland View (Prestwich) Management
8
A, B
Company Limited
Woodlands Grange Management Company
10
A, B
(Port Sunlight) Limited
Woodlands Green Staplehurst Management
70
A, B
Company Limited
Woodside Link (Linmere) Residents Management
54
A, B
Company Limited
Worden Gardens (The Altons Block 1)
8
A, B
Management Company Limited
Worden Gardens (The Altons Block 2)
8
A, B
Management Company Limited
Worden Gardens Management Company Limited
8
A, B
Worden Hall (Buckshaw Village) Management
8
A, B
Company Limited
Wrexham Road Garden Village Management
8
A, B
Company Limited
Wychwood Park (Haywards Heath) Management
28
A, B
Company Limited
Yew Gardens Management Company Limited
8
A, B
Yew Tree Park Management Company Burscough
8
A, B
Limited
York House Springfield Management Company Limited
65
A, B
Other subsidiary entities:
Registered Class of % of shares
Subsidiary
office
Notes
 share held owned
Base East Central Rochdale LLP
1
A
N/A
N/A
Base Hattersley LLP
1
A
N/A
N/A
Base Regeneration LLP
1
A
N/A
N/A
Base Werneth Oldham LLP
1
A
N/A
N/A
BLLQ LLP
1
A
N/A
N/A
BLLQ2 Limited
1
A
Ordinary
100%
SQ Holdings Limited
53
A
Ordinary
90%
Vizion (MK) Properties LLP
1
A
N/A
N/A
Ash Tree Court Management Co. Ltd
1
A, D
Ordinary
0%
Aspects Management Company Limited
27
A
Ordinary
50%
Buckshaw Village Management Company Limited
8
A
Ordinary
50%
Foxcote Mead Management Company Limited
1
A
Ordinary
100%
GWQ Management Limited
58
A, C
Ordinary
0%
Hackremco (No.2518) Limited
65
A, E
Ordinary
100%
Hazelmere Management Company Limited
1
A, D
Ordinary
0%
Interlink Park Management Company Limited
1
A, D
Ordinary
0%
Kingston Heights Energy Management
65
A
Ordinary
100%
Company Limited
Lingley Estates Limited
65
A, E
Ordinary
100%
Meridian Business Park Extension Management
1
A, C
Ordinary
2%
Company Limited
Newbury Racecourse Management Limited
12
A, D
Ordinary
0%
Nottingham Business Park Management
1
A, C
Ordinary
2%
Company Limited
Nottingham Business Park (Orchard Place)
1
A, C
Ordinary
2%
Management Company Limited
Optimus Point Management Company Limited
1
A, C
Ordinary
0%
Pye Green Management Company Limited
20
A, C
Ordinary
17%
Riverside Exchange Management Company Limited
1
A, C
Ordinary/
22%
preference
Runshaw Management Company Limited
8
A
Ordinary
100%
Stoneyfield Management Limited
1
A
Ordinary
100%
The Parklands (Birmingham) Management Company
65
A, C
Ordinary
1%
Limited
WBD (Riverside Exchange Sheffield B) Limited
1
A, C
Ordinary
100%
WBD Riverside Sheffield Building K Limited
1
A, C
Ordinary
100%
West Village Reading Management Limited
10
A, D
Ordinary
0%
Registered Office 1. Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicestershire LE67 1UF 2. Third Floor, Building 7 Maxim Office Park, Parklands Avenue, Holytown, Motherwell, United Kingdom, ML1 4WQ 3. 75 Findleys Of Cooden, Cooden Sea Road, Bexhill-on-Sea TN39 4SL 4. Barratt East London, 3rd Floor Press Centre, Here East, 13 East Bay Lane, Stratford, London E15 2GW 5. One Eleven, Edmund Street, Birmingham, West Midlands B3 2HJ 6. Principle Estate Services Limited, 137 Newhall Street, Birmingham B3 1SF 7. Discovery House, Crossley Road, Stockport, Greater Manchester SK4 5BH 8. RMG House, Essex Road, Hoddesdon, Hertfordshire EN11 0DR 9. Gateway House, 10 Coopers Way, Southend-on-Sea, Essex SS2 5TE 10. Vantage Point, 23 Mark Road, Hemel Hempstead, Hertfordshire HP2 7DN 11. Weald House, 88 Main Road, Sundridge, Kent TN14 6ER 12. Cygnet House, Cygnet Way, Hungerford, Berkshire RG17 0YL 13. Units 1, 2 & 3 Beech Court, Wokingham Road, Hurst, Reading RG10 0RU 14. Barratt House, 7 Springfield Lyons Approach, Chelmsford, Essex CM2 5EY 15. The Maltings, Hyde Hall Farm, Sandon, Hertfordshire SG9 0RU 16. 2 Hills Road, Cambridge, Cambridgeshire CB2 1JP 17. Unit A5, Optimum Business Park, Optimum Road, Swadlincote, Derbyshire DE11 0WT 18. Fisher House, 84 Fisherton Street, Salisbury SP2 7QY 19. 6 Alpha Court, Monks Cross Drive, York, North Yorkshire YO32 9WN 20. 60 Whitehall Road, Halesowen B63 3JS 21. Watsons, 18 Meridian Business Park, Norwich, England, NR7 0TA 22. Wellstones House, Wellstones, Watford, Hertfordshire WD17 2AF 23. Remus 2, 2 Cranbook Way, Solihull Business Park, Solihull, West Midlands B90 4GT 24. Wallis House, Great West Road, Brentford, Middlesex TW8 9BS 25. Firstport Property Services Limited, Marlborough House, Wigmore Place, Wigmore Lane, Luton LU2 9EX 26. Chiltern House, 72\u201374 King Edward Street, Macclesfield, Cheshire SK10 1AT 27. 1 Bow Churchyard, London EC4M 9DQ 28. 41a Beach Road, Littlehampton, West Sussex DN17 5JA 29. Copse Walk, Cardiff Gate Business Park, Cardiff, South Glamorgan, Wales, CF23 8RH 30. Unit 2, Beech Court, Wokingham Road, Hurst, Twyford, Berkshire RG10 0RQ 31. 5 New Park House, Peel Hall Business Village, Peel Road, Blackpool, Lancashire FY4 5JX 32. Barratt House, 710 Waterside Drive, Aztec West, Almondsbury, Bristol BS32 4UD 33. Whittington Hall, Whittington Road, Worcester WR5 2ZX 34. Building 4, Dares Farm Business Park, Farnham Road, Ewshot, Farnham, Surrey GU10 5BB 35. Ground Floor, Cromwell House, 15 Andover Road, Winchester, Hampshire SO23 7BT 36. 4 Brindley Road, City Park, Manchester M16 9HQ 37. Watson, Glendevon House, 4 Hawthorn Park, Coal Road, Leeds, West Yorkshire LS14 1PQ
38. Cumberland Court, 80 Mount Street, Nottingham, Nottinghamshire NG1 6HH
39. Ashford House, Grenadier Road, Exeter, Devon EX1 3LH
40. Woodwater House, Pynes Hill, Exeter, Devon EX2 5WR
41. Thistledown Barn, Holcot Lane, Sywell, Northampton NN6 0BG
42. 5th Floor Halo, Counterslip, Bristol BS1 6AJ
43. C/O Alpha Housing Services Ltd, 1st Floor 1 Chartfield House, Castle Street, Taunton, Somerset TA1 4AS
44. Unit 7, Hockliffe Business Park, Watling Street, Hockliffe, Leighton Buzzard, Bedfordshire LU7 9NB
45. 377\u2013379 Hoylake Road, Moreton, Wirral, Merseyside CH46 0RW
46. 128 Pyle Street, Granary Court, Newport, Isle of Wight PO30 1JW
47. One Station Approach, Harlow, Essex CM20 2FB
48. Unit 1, 13 Peek Business Centre, Dunmow Road, Woodside, Bishop\u2019s Stortford, Hertfordshire CM23 5RG
49. Thamesbourne Lodge, Station Road, Bourne End, Buckinghamshire SL8 5QH
50. 1 West Point Court, Great Park Road, Bradley Stoke, Bristol BS32 4PY
51. Blairton House, Old Aberdeen Road, Balmedie, Aberdeen AB23 8SH
52. C/O East Block Group, The Colchester Centre, Hawkins Road, Colchester, Essex CO2 8JX
53. Compton House, The Guildway, Old Portsmouth Road, Guildford GU3 1LR
54. Queensway House, 11 Queensway, New Milton, Hampshire BH25 5NR
55. Tollbar House, Tollbar Way, Hedge End, Southampton SO30 2UH
56. 1a Fortune Close, Riverside Business Park, Northampton NN3 9HT
57. Unit 7, Portal Business Park, Eaton Lane, Tarporley, Cheshire CW6 9DL
58. Aurora House, Part 3rd Floor, 71-75 Uxbridge Road, Ealing, London W5 5SL
59. Wellington House, Great Park Road, Bradley Stoke, Bristol BS32 4PY
60. 72\u201374 King Edward Street, Macclesfield, Cheshire SK10 1AT
61. Second Floor, Lakeside 300, Broadland Business Park, Norwich, Norfolk NR7 0WG
62. Unit 1, Great Park Road, Bradley Stoke, Bristol BS32 4PY
63. Sunnybank Farm, St. Johns Chapel, Bishop Auckland DL13 1QZ
64. Adamson House, Wilmslow Road, Manchester M20 2YY
65. Redrow House, St. Davids Park, Ewloe, Flintshire CH5 3RX
66. Carvers Warehouse, Suite 2B, 77 Dale Street, Manchester, Greater Manchester M1 2HG
67. 94 Park Lane, Croydon, Surrey CR0 1JB
68. Stonemead House, 95 London Road, Croydon, Surrey CR0 2RF
69. C/O Rendall & Rittner Limited, 13b St. George Wharf, London SW8 2LE
70. Homer House, 8 Homer Road, Solihull, West Midlands B91 3QQ
71. C/O Greenbelt Group, 1175 Century Way, Thorpe Park, Leeds, West Yorkshire, LS15 8ZB
72. 54 Hagley Road, Birmingham, West Midlands B16 8PE
73. 18 Meridian Way, Norwich, Norfolk NR7 0TA
74. 2 Centro Place, Pride Park, Derby DE24 8RF
75. C/O Betts Estates, Bank House, Martley, Worcestershire WR6 6PB
76. Suite No. 1, Stubbings House, Henley Road, Maidenhead, Berkshire SL6 6QL
77. 7/8 Windsor Place, Cardiff CF10 3SX
78. Western Permanent Property, 46 Whitchurch Road, Cardiff CF14 3LX
79. Unit 2, Dennehill Business Centre, Womenswold, Canterbury CT4 6HD
80. Persimmon House, Fulford, York YO19 4FE
81. 18 Badminton Road, Downend, Bristol BS16 6BQ
82. Victoria House, 178-180 Fleet Road, Fleet, Hampshire GU51 4DA
83. Carvers Warehouse, Suite 2b, Dale Street, Manchester M1 2HG
84. C/O TLT LLP, 140 West George Street, Glasgow G2 2HG
85. 13 Castle Street, St. Helier, Jersey JE4 5UT
86. 8th Floor, Holborn Tower, 137-144 High Holborn, Holborn WC1V 6PL
Notes
A Owned through another Group company.
B Entity is limited by guarantee and is a temporary member of the Group. Assets are not held for the benefit of the Group and the entity has no profit or loss in
the year.
C The Group is a minority shareholder but has voting control.
D The Group does not own any shares but has control via Directors who are employees of the Group.
E. The year end of these entities is 31 March and is not coterminous with the Group year end . This is a legacy from the former Redrow Group.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } }, "fact-9": { "value": "Barratt House Cartwright Way Forest Business Park Bardon Hill Coalville Leicestershire LE67 1UF", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:2138006R85VEOF5YNK29", "period": "2024-07-01T00:00:00/2025-06-30T00:00:00" } } } }