REGISTERED NUMBER: 12154854 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 SEPTEMBER 2023 TO 31 DECEMBER 2024

FOR

AD VALOREM GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Adams

N T Adams

N Woolmer

L Adams

P D Brassington

REGISTERED OFFICE:

2 Manor Farm Court

Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

REGISTERED NUMBER:

12154854 (England and Wales)

ACCOUNTANTS:

Ad Valorem Accountancy Services Limited

Chartered Certified Accountants

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Buckinghamshire

MK12 5NN

FIXED ASSETS

Intangible assets

4

621,000

666,000

Investments

5

1,667,312

1,854,200

2,288,312

2,520,200

CURRENT ASSETS

Debtors

6

1,101,563

416,162

Cash at bank and in hand

3,275

20

1,104,838

416,182

CREDITORS

Amounts falling due within one year

7

799,387

413,667

NET CURRENT ASSETS

305,451

2,515

TOTAL ASSETS LESS CURRENT LIABILITIES

2,593,763

2,522,715

CREDITORS

Amounts falling due after more than one year

8

1,543,000

1,261,932

NET ASSETS

1,050,763

1,260,783

CAPITAL AND RESERVES

Called up share capital

358

444

Share premium

-

84,475

Capital redemption reserve

46

45

Other reserves

1,069,999

1,069,999

Retained earnings

(19,640

)

105,820

1,050,763

1,260,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 26 August 2025 and were signed on its behalf by:

N A Adams - Director

1.	STATUTORY INFORMATION

Ad Valorem Group 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.

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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

TAXATION

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 4 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 30 September 2023

and 31 December 2024

720,000

AMORTISATION

At 30 September 2023

54,000

Charge for period

45,000

At 31 December 2024

99,000

NET BOOK VALUE

At 31 December 2024

621,000

At 29 September 2023

666,000

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 30 September 2023

1,854,200

Additions

100

Impairments

(186,988

)

At 31 December 2024

1,667,312

NET BOOK VALUE

At 31 December 2024

1,667,312

At 29 September 2023

1,854,200

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ad Valorem Accountancy Services Limited

Registered office: 2 Manor Farm Court, Old Wolverton, Milton Keynes, Buckinghamshire, United Kingdom, MK12 5NN

Nature of business: Accounting activities

%

Class of shares:

holding

Ordinary

100.00

31/12/24

29/9/23

£

£

Aggregate capital and reserves

(288,500

)

243,833

(Loss)/profit for the period/year

(332,333

)

243,307

Ad Valorem Limited

Registered office: 2 Manor Farm Court Old Wolverton Road, Old Wolverton, Milton Keynes, Buckinghamshire, England, MK12 5NN

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

100.00

31/12/24

31/1/24

£

£

Aggregate capital and reserves

100

100

Ad Valorem Research and Development Limited

Registered office: 2 Manor Farm Court, Old Wolverton, Milton Keynes, Buckinghamshire, United Kingdom, MK12 5NN

Nature of business: Tax consultancy

%

Class of shares:

holding

Ordinary

100.00

31/12/24

31/3/24

£

£

Aggregate capital and reserves

3,569

169

Profit/(loss) for the period

3,400

(80

)

Liric Accountants Limited

Registered office: 2 Manor Farm Court, Old Wolverton, Milton Keynes, Buckinghamshire, United Kingdom, MK12 5NN

Nature of business: Accounting services

%

Class of shares:

holding

Ordinary

100.00

31/12/24

30/9/23

£

£

Aggregate capital and reserves

(2,848

)

(642

)

Loss for the period/year

(2,206

)

(30,642

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,089,933

-

Other debtors

11,630

416,162

1,101,563

416,162

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

24,237

-

Other creditors

775,150

413,667

799,387

413,667

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

-

196,932

Other creditors

1,543,000

1,065,000

1,543,000

1,261,932

9.	PARENT COMPANY

The ultimate controlling party is ETL International AG, registered in Germany.

ETL International AG

Steinstrasse 41

Essen

Germany 45128