ADELMILL LIMITED

Company Registration Number:
01258925 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

ADELMILL LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

ADELMILL LIMITED

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,100,000 1,100,000
Investments: 4 12 12
Total fixed assets: 1,100,012 1,100,012
Current assets
Stocks: 5,139,026 5,139,026
Debtors:   190,123 164,842
Cash at bank and in hand: 2,459,184 2,721,546
Total current assets: 7,788,333 8,025,414
Creditors: amounts falling due within one year:   (94,995) (90,175)
Net current assets (liabilities): 7,693,338 7,935,239
Total assets less current liabilities: 8,793,350 9,035,251
Creditors: amounts falling due after more than one year:   (5,581,154) (6,081,467)
Total net assets (liabilities): 3,212,196 2,953,784
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,212,096 2,953,684
Shareholders funds: 3,212,196 2,953,784

The notes form part of these financial statements

ADELMILL LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 June 2025
and signed on behalf of the board by:

Name: Mrs M P Franklin
Status: Director

The notes form part of these financial statements

ADELMILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Valuation and information policy

Investment properties Investment properties, which are properties held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. Fixed asset investment Interest in subsidiary undertaking is initially measured at cost and subsequently measured at cost less any accumulated impairment losses. Stock and work in progress Stock and work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises of direct materials and, where applicable, direct labour costs and those overheads that have been incurred.

Other accounting policies

Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Taxation The tax expense represents the sum of the tax currently payable. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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 company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ADELMILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

ADELMILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 1,100,000
At 31 October 2024 1,100,000
Net book value
At 31 October 2024 1,100,000
At 31 October 2023 1,100,000

Investment properties comprises of commercial buildings, the value stated above is the historical cost. The director considers the historical cost to be the fair value of the properties at the balance sheet date.

ADELMILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Fixed investments

Fixed asset investment Interest in subsidiary undertaking is initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

ADELMILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Related party transactions

Name of the related party:
Relationship:
Related party companies
Description of the Transaction: At the balance sheet date, £2,663,829 (2023 - £3,190,166) was owed to related party companies. The unsecured loans are provided free of any interest charge and without any repayment terms.
£
Balance at 01 November 2023 3,190,166
Balance at 31 October 2024 2,663,829
Name of the related party:
Relationship:
Shareholder
Description of the Transaction: At the balance sheet date, £2,840,698 (2023 - £2,841,011) was owed to a shareholder respectively. The unsecured loans are provided free of any interest charge and without any repayment terms.
£
Balance at 01 November 2023 2,841,011
Balance at 31 October 2024 2,840,698