Adrians Property Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08591071

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		7,109		8,886

			7,109		8,886
CURRENT ASSETS
Stocks	6	9,220		4,951
Debtors	7	66,869		46,211
Cash at bank and in hand		21,533		37,791

		97,622		88,953
Creditors: Amounts Falling Due Within One Year	8	(72,144 )		(54,748 )

NET CURRENT ASSETS (LIABILITIES)			25,478		34,205

TOTAL ASSETS LESS CURRENT LIABILITIES			32,587		43,091

Creditors: Amounts Falling Due After More Than One Year	9		(6,667 )		(16,667 )

NET ASSETS			25,920		26,424

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			25,820		26,324

SHAREHOLDERS' FUNDS			25,920		26,424

Page 1

Page 2

Adrians Property Services Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nigel Jessup Director	Mr Ray Cline Director
31st July 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Adrians Property Services Limited Registered number 08591071 is a limited by shares company incorporated in England & Wales. The Registered Office is 16 Duke Street, Chelmsford, Essex, CM1 1UP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 4 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	20% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

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Page 4

Adrians Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 9)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	20,000

As at 31 December 2024	20,000

Amortisation
As at 1 January 2024	20,000

As at 31 December 2024	20,000

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	26,814	8,784	35,598

As at 31 December 2024	26,814	8,784	35,598

Depreciation
As at 1 January 2024	18,498	8,214	26,712
Provided during the period	1,663	114	1,777

As at 31 December 2024	20,161	8,328	28,489

Net Book Value
As at 31 December 2024	6,653	456	7,109

As at 1 January 2024	8,316	570	8,886

6. Stocks

	2024	2023
	£	£
Work in progress	9,220	4,951

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Adrians Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	24,056	20,446
Prepayments and accrued income	8,446	4,860
Adrians Lettings Ltd Loan Account	(13,235 )	21,715
Adrians Holdings Loan Account	47,264	(810 )
Deferred tax current asset	338	-

	66,869	46,211

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	5,111	3,781
Bank loans and overdrafts	10,000	10,000
Corporation tax	42,664	29,079
Other taxes and social security	802	694
VAT	12,223	8,473
Barclaycard Credit Card	758	944
Directors' loan accounts	586	1,777

	72,144	54,748

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bounce Back Loan +1yr	6,667	16,667

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100