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Registration number: 08813754

Adenstar Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 June 2023 to 30 November 2024

 

Adenstar Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Adenstar Limited

Company Information

Director

SAC Dudman

Registered office

Maria House
35 Millers Road
Brighton
BN1 5NP

Accountants

Chisnall Comer Ismail & Co
Chartered Accountants
Maria House
35 Millers Road
Brighton
BN1 5NP

 

Adenstar Limited

(Registration number: 08813754)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,514,091

1,355,996

Investments

5

312,910

312,910

 

1,827,001

1,668,906

Current assets

 

Debtors

6

1,154,831

1,179,997

Cash at bank and in hand

 

3,873

300

 

1,158,704

1,180,297

Creditors: Amounts falling due within one year

7

(919,460)

(629,078)

Net current assets

 

239,244

551,219

Total assets less current liabilities

 

2,066,245

2,220,125

Creditors: Amounts falling due after more than one year

7

(418,765)

(458,814)

Provisions for liabilities

(978)

(978)

Net assets

 

1,646,502

1,760,333

Capital and reserves

 

Called up share capital

10

312,500

312,500

Retained earnings

1,334,002

1,447,833

Shareholders' funds

 

1,646,502

1,760,333

For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

 

Adenstar Limited

(Registration number: 08813754)
Balance Sheet as at 30 November 2024

Approved and authorised by the director on 11 July 2025



 

.........................................

SAC Dudman

Director

 

Adenstar Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024

1

General information

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

The address of its registered office is:
Maria House
35 Millers Road
Brighton
BN1 5NP

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 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.

 

Adenstar Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024

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.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2023 - 2).

 

Adenstar Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

1,355,996

-

150,250

1,506,246

Additions

-

170,789

-

170,789

At 30 November 2024

1,355,996

170,789

150,250

1,677,035

Depreciation

At 1 June 2023

-

-

150,250

150,250

Charge for the period

-

12,694

-

12,694

At 30 November 2024

-

12,694

150,250

162,944

Carrying amount

At 30 November 2024

1,355,996

158,095

-

1,514,091

At 31 May 2023

1,355,996

-

-

1,355,996

Included within the net book value of land and buildings above is £1,355,996.00 (2023 - £1,355,996.00) in respect of freehold land and buildings.
 

5

Investments

2024
£

2023
£

Investments in subsidiaries

312,910

312,910

Subsidiaries

£

Cost or valuation

At 1 June 2023

312,910

Provision

Carrying amount

At 30 November 2024

312,910

At 31 May 2023

312,910

 

Adenstar Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Adenstar Developments Limited

New Sussex House Fishersgate Terrace
Portslade
Brighton
BN41 1PH

England

Ordinary

100%

100%

Adenstar Aviation Limited

New Sussex House Fishersgate Terrace
Portslade
Brighton
BN41 1PH

England

Ordinary

100%

100%

Kerb-Lay (UK) Limited

New Sussex House Fishersgate Terrace
Portslade
Brighton
BN41 1PH

England

Ordinary

100%

100%

Adenstar Workforce Limited

New Sussex House Fishersgate Terrace
Portslade
Brighton
BN41 1PH

England

Ordinary

100%

100%

Adenstar Plant Limited

New Sussex House Fishersgate Terrace
Portslade
Brighton
BN41 1PH

England

Ordinary

100%

100%

 

Adenstar Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024

Subsidiary undertakings

Adenstar Developments Limited

The principal activity of Adenstar Developments Limited is civil engineering, contracting and associated works. The profit for the financial period of Adenstar Developments Limited was £178,425 and the aggregate amount of capital and reserves at the end of the period was £14,840.00.

Adenstar Aviation Limited

The principal activity of Adenstar Aviation Limited is building services. The profit for the financial period of Adenstar Aviation Limited was £233,903 and the aggregate amount of capital and reserves at the end of the period was £323,964.00.

Kerb-Lay (UK) Limited

The principal activity of Kerb-Lay (UK) Limited is construction of kerbs. The profit for the financial period of Kerb-Lay (UK) Limited was £8,278 and the aggregate amount of capital and reserves at the end of the period was £-206,539.00.

Adenstar Workforce Limited

The principal activity of Adenstar Workforce Limited is the company was dormant in the year.

Adenstar Plant Limited

The principal activity of Adenstar Plant Limited is the company was dormant in the year.

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

600

-

Amounts owed by related parties

1,051,415

1,102,876

Prepayments

 

28,072

10,620

Other debtors

 

74,744

66,501

   

1,154,831

1,179,997

 

Adenstar Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

148,410

117,315

Trade creditors

 

-

4,200

Amounts owed to group undertakings and undertakings in which the company has a participating interest

745,226

502,070

Taxation and social security

 

2,704

5,473

Accruals and deferred income

 

1,520

-

Other creditors

 

21,600

20

 

919,460

629,078

Creditors include a bank loan which is secured against the freehold property held by the company.

 

Adenstar Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

418,765

458,814

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

308,696

458,814

Hire purchase contracts

110,069

-

418,765

458,814

Current loans and borrowings

2024
£

2023
£

Bank borrowings

107,125

107,125

Bank overdrafts

-

10,190

Hire purchase contracts

41,285

-

148,410

117,315

9

Dividends

2024

2023

£

£

Interim dividend of £0.484 (2023 - £0.621) per ordinary share

151,191

194,082

 

 

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

312,500

312,500

312,500

312,500