ACCOUNTS - Final Accounts preparation

Registered number: 15512415

ADDWELL HOLDINGS LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2025

ADDWELL HOLDINGS LIMITED

REGISTERED NUMBER: 15512415

BALANCE SHEET

AS AT 31 MAY 2025

		2025
Note		£

Fixed assets
Tangible assets	4		552,736
Investments	5		100
			552,836
Current assets
Debtors: amounts falling due within one year	6	110,864
Cash at bank and in hand	7	13,247
		124,111
Creditors: amounts falling due within one year	8	(544,367)
Net current (liabilities)/assets			(420,256)

Net assets			132,580

Capital and reserves
Called up share capital			100
Profit and loss account			132,480
			132,580

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ADDWELL HOLDINGS LIMITED

REGISTERED NUMBER: 15512415

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2025.

Mr M R Miles	Mr B J Miles
Director	Director

The notes on pages 3 to 7 form part of these financial statements.

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ADDWELL HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2025

1.	General information

Addwell Holdings Limited is a company limited by shares, incorporated in England, United Kingdom.
The address of the registered office is 82 Brentwood Road, Romford, Essex, RM1 2EL. The principal place of
business is the same as the registered office. The principal activity of the company was that of a holding company. The company was incorporated on 22 February 2024.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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ADDWELL HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property

Not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

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ADDWELL HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2025

2.Accounting policies (continued)

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the period was 2.

4.	Tangible fixed assets

		Freehold property
		£
	Cost or valuation
	Additions	552,736
	At 31 May 2025	552,736

	Net book value
	At 31 May 2025	552,736

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	100
	At 31 May 2025	100

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ADDWELL HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2025

Debtors

					2025
					£


	Amounts owed by group undertakings	110,864

7.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	13,247

8.	Creditors: Amounts falling due within one year
		2025
		£

	Corporation tax	8,467
	Other creditors	535,000
	Accruals and deferred income	900
		544,367

9.	Share capital
		2025
		£

		Allotted, called up and fully paid

		25 Ordinary A shares of £1.00 each	25
		25 Ordinary B shares of £1.00 each	25
		25 Ordinary C shares of £1.00 each	25
		25 Ordinary D shares of £1.00 each	25

			100

Each class of shares shall rank pari passu with the exception of dividend rights. Each class of shares shall have
independent dividend rights.

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ADDWELL HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2025

10.	Related party transactions
	As Addwell Holdings Limited is the 100% owner of the share capital in it's subsidiary company Addwell Business Equipment Limited, it has availed itself of the exemption under FRS102 paragraph 33.1A from disclosing transactions with group companies.

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