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REGISTERED NUMBER: 10647171 (England and Wales)





FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

ADTECH HOLDINGS LIMITED

ADTECH HOLDINGS LIMITED (REGISTERED NUMBER: 10647171)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADTECH HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: S E Deverell
D M Hart
A J T Scott





SECRETARY: V J Conway





REGISTERED OFFICE: Unit 40 Aston Down East
Frampton Mansell
Stroud
Gloucestershire
GL6 8HX





REGISTERED NUMBER: 10647171 (England and Wales)





AUDITORS: Shaw Gibbs (Audit) Limited
Chartered Certified Accountants
Statutory Auditor
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

ADTECH HOLDINGS LIMITED (REGISTERED NUMBER: 10647171)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 3,535,628 3,535,628

CURRENT ASSETS
Debtors 5 23,328 40,773

CREDITORS
Amounts falling due within one year 6 4,700 3,009
NET CURRENT ASSETS 18,628 37,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,554,256

3,573,392

CAPITAL AND RESERVES
Called up share capital 7 100,000 100,000
Retained earnings 8 3,454,256 3,473,392
SHAREHOLDERS' FUNDS 3,554,256 3,573,392

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 Board of Directors and authorised for issue on 20th March 2025 and were signed on its behalf by:





S E Deverell - Director


ADTECH HOLDINGS LIMITED (REGISTERED NUMBER: 10647171)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATEMENT OF COMPLIANCE

Adtech Holdings Limited is a private company, limited by shares and incorporated in England and Wales. The address of the registered office is Unit 40 Aston Down East, Frampton Mansell, Stroud, Gloucestershire, GL6 8HX. The registration number is 10647171.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Adtech Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Noar, Limited, Estate Office Rotherfield Park Estate, East Tisted, Alton, England, GU34 3QN.

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

Management fee income is recognised in the period to which the income relates.

Investments in subsidiaries
Investments in subsidiaries are recognised at cost, less any impairment. If an investment is impaired the loss is calculated as the difference between the carrying amount and the present value of the estimated cash flows discounted at the effective interest rate. The impairment loss is recognised in the profit or loss.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit and loss.

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 balance sheet date.


ADTECH HOLDINGS LIMITED (REGISTERED NUMBER: 10647171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st November 2023
and 31st October 2024 6,635,628
PROVISIONS
At 1st November 2023
and 31st October 2024 3,100,000
NET BOOK VALUE
At 31st October 2024 3,535,628
At 31st October 2023 3,535,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 23,328 40,773

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 555
Accruals and deferred income 4,700 2,454
4,700 3,009

ADTECH HOLDINGS LIMITED (REGISTERED NUMBER: 10647171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary 1 100,000 100,000

8. RESERVES
Retained
earnings
£   

At 1st November 2023 3,473,392
Profit for the year 1,429,635
Dividends (1,448,771 )
At 31st October 2024 3,454,256

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

The Report of the Auditors was unqualified.

Harriet Sergeant BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Limited

10. ULTIMATE CONTROLLING PARTY

The company's parent company and controlling company is Noar, Limited, a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Unit 40 Aston Down East, Frampton Mansell, Stroud, Gloucestershire, GL6 8HX. The registration number is 10647171.

The smallest and largest group which results are consolidated is that headed by Noar, Limited. The consolidated financial statements are available to the public and can be obtained from Companies House.