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Registration number: 08344949

Adlam Associates Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Adlam Associates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Adlam Associates Limited

Company Information

Directors

Mr Nicholas Adlam

Mrs Katherine Adlam

Company secretary

Mrs Katherine Adlam

Registration number

08344949

Registered office

Rakeshop House
Newtown Common
Newbury
Berkshire
RG20 9DA

Accountants

mca Shepherd Smail 21 Market Place
Cirencester
Gloucestershire
GL7 2NX

 

Adlam Associates Limited

(Registration number: 08344949)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1,521

553

Investments

5

15

5,015

Other financial assets

2,367,603

2,408,731

 

2,369,139

2,414,299

Current assets

 

Debtors

6

9,093

36,678

Cash at bank and in hand

 

53,915

19,452

 

63,008

56,130

Creditors: Amounts falling due within one year

7

(11,192)

(12,708)

Net current assets

 

51,816

43,422

Total assets less current liabilities

 

2,420,955

2,457,721

Provisions for liabilities

(289)

(105)

Net assets

 

2,420,666

2,457,616

Capital and reserves

 

Called up share capital

3

3

Other reserves

46,520

46,520

Retained earnings

2,374,143

2,411,093

Shareholders' funds

 

2,420,666

2,457,616

 

Adlam Associates Limited

(Registration number: 08344949)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 May 2025 and signed on its behalf by:
 

Mr Nicholas Adlam

Director

 

Adlam Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Rakeshop House
Newtown Common
Newbury
Berkshire
RG20 9DA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Adlam Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures,fittings & equipment

33% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Adlam Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Adlam Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

5,331

5,331

Additions

2,268

2,268

Disposals

(5,151)

(5,151)

At 31 March 2025

2,448

2,448

Depreciation

At 1 April 2024

4,778

4,778

Charge for the year

808

808

Eliminated on disposal

(4,659)

(4,659)

At 31 March 2025

927

927

Carrying amount

At 31 March 2025

1,521

1,521

At 31 March 2024

553

553

5

Investments

Associates

£

Cost

At 1 April 2024

5,015

Disposals

(5,000)

At 31 March 2025

15

Provision

Carrying amount

At 31 March 2025

15

At 31 March 2024

5,015

 

Adlam Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current

2025
£

2024
£

Other debtors

9,093

36,678

 

9,093

36,678

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

-

1,517

Accruals and deferred income

1,750

1,750

Other creditors

9,442

9,441

11,192

12,708

8

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

A ordinary of £1 each

3

3

3

3