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REGISTERED NUMBER: 05191788 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

ADW Investments Ltd

ADW Investments Ltd (Registered number: 05191788)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ADW Investments Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A D Wormald





REGISTERED OFFICE: Suite 1
Buttershaw Works
Buttershaw Lane
Bradford
West Yorkshire
BD6 2DD





REGISTERED NUMBER: 05191788 (England and Wales)






ADW Investments Ltd (Registered number: 05191788)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,536,891 24,567,941

CURRENT ASSETS
Debtors 5 76,808 107,356
Cash at bank and in hand 58,541 133,070
135,349 240,426
CREDITORS
Amounts falling due within one year 6 2,206,772 1,872,682
NET CURRENT LIABILITIES (2,071,423 ) (1,632,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,465,468

22,935,685

CREDITORS
Amounts falling due after more than one
year

7

(12,686,583

)

(11,700,521

)

PROVISIONS FOR LIABILITIES (1,596,714 ) (1,167,137 )
NET ASSETS 10,182,171 10,068,027

CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 4,800,591 4,964,453
Other reserves 9 1,530,000 1,660,000
Retained earnings 9 3,851,578 3,443,572
SHAREHOLDERS' FUNDS 10,182,171 10,068,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ADW Investments Ltd (Registered number: 05191788)

Statement of Financial Position - continued
29 February 2024


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

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

The financial statements were approved by the director and authorised for issue on 10 October 2024 and were signed by:





A D Wormald - Director


ADW Investments Ltd (Registered number: 05191788)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

ADW Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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

Current or deferred taxation assets and liabilities are not discounted.

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

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

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

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

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

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

ADW Investments Ltd (Registered number: 05191788)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2023 24,500,000 22,095 4,791 148,123 24,675,009
Additions 1,728,166 13,000 - - 1,741,166
Revaluations 271,834 - - - 271,834
At 29 February 2024 26,500,000 35,095 4,791 148,123 26,688,009
DEPRECIATION
At 1 March 2023 - 4,405 4,790 97,873 107,068
Charge for year - 7,020 - 37,030 44,050
At 29 February 2024 - 11,425 4,790 134,903 151,118
NET BOOK VALUE
At 29 February 2024 26,500,000 23,670 1 13,220 26,536,891
At 28 February 2023 24,500,000 17,690 1 50,250 24,567,941

The company has registered legal charges on its freehold property at companies house in favour of Svenska Handelsbanken AB(pub)..

Cost or valuation at 29 February 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2024 6,400,788 - - - 6,400,788
Cost 20,099,212 35,095 4,791 148,123 20,287,221
26,500,000 35,095 4,791 148,123 26,688,009

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 20,099,212 18,371,046

Freehold land and buildings were valued on an open market basis on 28 February 2024 by the Director .

ADW Investments Ltd (Registered number: 05191788)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 67,000
DEPRECIATION
At 1 March 2023
and 29 February 2024 13,256
NET BOOK VALUE
At 29 February 2024 53,744
At 28 February 2023 53,744

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 76,808 107,356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 13,938 13,938
Trade creditors 220,925 257,244
Taxation and social security 101,026 93,323
Other creditors 1,870,883 1,508,177
2,206,772 1,872,682

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 12,668,000 11,668,000
Hire purchase contracts 18,583 32,521
12,686,583 11,700,521

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 12,668,000 11,668,000

ADW Investments Ltd (Registered number: 05191788)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained Revaluation Other
earnings reserve reserves Totals
£    £    £    £   

At 1 March 2023 3,443,572 4,964,453 1,660,000 10,068,025
Profit for the year 408,006 - - 408,006
Freehold property - (163,862 ) - (163,862 )
Directors' loan - - (130,000 ) (130,000 )
At 29 February 2024 3,851,578 4,800,591 1,530,000 10,182,169

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
A D Wormald
Balance outstanding at start of year 1,660,000 1,770,000
Amounts repaid (130,000 ) (110,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,530,000 1,660,000

Other reserves include an amount owing to the director of £1,530,000 by the company at the year end..

11. ULTIMATE CONTROLLING PARTY

At the year end, the company was a wholly owned subsidiary of ADW Holdings Ltd, a company registered in England and Wales. The whole group is deemed to be ultimately controlled by A D Wormald, director, by virtue of his majority shareholding in the ultimate parent company.