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REGISTERED NUMBER: 10549783 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 January 2025

for

A.D.D Express Properties Ltd

A.D.D Express Properties Ltd (Registered number: 10549783)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.D.D Express Properties Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: D Fairbrother
Mrs V J Fairbrother





REGISTERED OFFICE: Unit 8
Chichester Street
Rochdale
Lancashire
OL16 2AU





REGISTERED NUMBER: 10549783 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

A.D.D Express Properties Ltd (Registered number: 10549783)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,534,694 4,177,886

CURRENT ASSETS
Debtors 5 513,983 443,367
Cash at bank and in hand 5,021 100
519,004 443,467
CREDITORS
Amounts falling due within one year 6 598,656 891,518
NET CURRENT LIABILITIES (79,652 ) (448,051 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,455,042

3,729,835

CREDITORS
Amounts falling due after more than one
year

7

(3,941,979

)

(3,741,661

)

PROVISIONS FOR LIABILITIES (368,029 ) -
NET ASSETS/(LIABILITIES) 1,145,034 (11,826 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 1,104,086 -
Retained earnings 40,848 (11,926 )
1,145,034 (11,826 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A.D.D Express Properties Ltd (Registered number: 10549783)

Balance Sheet - continued
31 January 2025


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 3 June 2025 and were signed on its behalf by:





D Fairbrother - Director


A.D.D Express Properties Ltd (Registered number: 10549783)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

A.D.D Express Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

A.D.D Express Properties Ltd (Registered number: 10549783)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 February 2024 4,198,880
Revaluations 1,451,120
At 31 January 2025 5,650,000
DEPRECIATION
At 1 February 2024 20,994
Charge for year 115,306
Revaluation adjustments (20,994 )
At 31 January 2025 115,306
NET BOOK VALUE
At 31 January 2025 5,534,694
At 31 January 2024 4,177,886

Cost or valuation at 31 January 2025 is represented by:

Land and
buildings
£   
Valuation in 2024 5,650,000

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

31.1.25 31.1.24
£    £   
Cost 4,199,880 -
Aggregate depreciation 104,972 -

Value of land in freehold land and buildings 4,093,908 -

Freehold land and buildings were valued on an open market basis on 5 September 2024 by Ranmoor Property Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 63,400 -
Other debtors 450,583 443,367
513,983 443,367

A.D.D Express Properties Ltd (Registered number: 10549783)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 78,215 384,481
Trade creditors (2 ) -
Taxation and social security 32,314 19,908
Other creditors 488,129 487,129
598,656 891,518

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans 3,267,979 3,067,661
Other creditors 674,000 674,000
3,941,979 3,741,661

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,935,755 1,662,317

8. RESERVES
Revaluation
reserve
£   
Revaluation Gain 1,104,086

At 31 January 2025 1,104,086

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
D Fairbrother
Balance outstanding at start of year 320,732 363,364
Amounts advanced - 7,368
Amounts repaid - (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 320,732 320,732

These loans are interest free and repayable on demand.