Adira Investment Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14615764 (England and Wales)

Financial Statements

for the Period

1 January 2024 to 31 March 2025

for

Adira Investment Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R M Abrams

W G Allport

M E Gower

REGISTERED OFFICE:

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

REGISTERED NUMBER:

14615764 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

2,827

4,016

Investments

5

-

160,000

2,827

164,016

CURRENT ASSETS

Debtors

6

1,812,869

423,148

Cash at bank and in hand

25,190

336,207

1,838,059

759,355

CREDITORS

Amounts falling due within one year

7

1,724,341

903,387

NET CURRENT ASSETS/(LIABILITIES)

113,718

(144,032

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

116,545

19,984

PROVISIONS FOR LIABILITIES

700

750

NET ASSETS

115,845

19,234

CAPITAL AND RESERVES

Called up share capital

8

10

Retained earnings

115,835

19,224

SHAREHOLDERS' FUNDS

115,845

19,234

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 5 August 2025 and were signed on its behalf by:

M E Gower - Director

1.	STATUTORY INFORMATION

Adira Investment Services Limited 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 on page 1.

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

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

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.

The financial statements have been prepared for a 15 month period to bring in line with a related party period end. The comparative period was prepared for a 12 month period and the comparatives are therefore not entirely comparable.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

2,157

2,153

4,310

Additions

-

157

At 31 March 2025

2,157

2,310

4,467

DEPRECIATION

At 1 January 2024

180

114

294

Charge for period

674

672

1,346

At 31 March 2025

854

786

1,640

NET BOOK VALUE

At 31 March 2025

1,303

1,524

2,827

At 31 December 2023

1,977

2,039

4,016

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

160,000

Disposals

(160,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 December 2023

160,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Other debtors

1,500

35,200

VAT

55,540

28,561

Prepayments and accrued income

1,755,829

359,387

1,812,869

423,148

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Bank loans and overdrafts

270

-

Trade creditors

44,689

79,497

Taxation

29,000

4,200

Social security and other taxes

5,984

22,434

Other creditors

1,560,019

704,908

Directors' current accounts

81,279

Accrued expenses

3,100

11,069

1,724,341

903,387

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2023

value:

£

1,000

Ordinary

£0.01

10

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

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

10.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £44,134 (2023 - £152,134) relating to amounts payable under operating leases.

11.	RELATED PARTY DISCLOSURES

Included within prepayments and accrued income is an amount totalling £1,646,823 (2023 - £265,918) relating to amounts to be charged from the company to a related party under common control. The charge is to recover certain costs of the company with a mark-up to represent administrative costs incurred which will be invoiced once the financial statements have been finalised.

Included within other creditors is an amount totalling £1,560,475 (2023 - £700,158) owed to the same related party under common control relating to payments made on behalf of the company and working capital introduced in order for the company to meet its obligations. Amounts are interest free and recoverable on demand.