REGISTERED NUMBER: 02303225 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

ADDISON LONDON LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Mason

G Mason

H Mason

Ms R Mason

SECRETARY:

P Mason

REGISTERED OFFICE:

3 The Chapmans

Tilehouse Street

Hitchin

Hertfordshire

SG5 2TS

REGISTERED NUMBER:

02303225 (England and Wales)

ACCOUNTANTS:

Mark Burrows Limited

Chartered Accountants

3 The Chapmans

Tilehouse Street

Hitchin

Hertfordshire

SG5 2TS

FIXED ASSETS

Intangible assets

4

219,241

231,421

Tangible assets

5

22,281

28,760

Investments

6

258,507

287,230

500,029

547,411

CURRENT ASSETS

Debtors

38,938

46,747

Prepayments and accrued income

26,802

24,268

Cash at bank and in hand

113,074

89,432

178,814

160,447

CREDITORS

Amounts falling due within one year

273,695

277,528

NET CURRENT LIABILITIES

(94,881

)

(117,081

)

TOTAL ASSETS LESS CURRENT LIABILITIES

405,148

430,330

CREDITORS

Amounts falling due after more than one year

(269,231

)

(340,565

)

ACCRUALS AND DEFERRED INCOME

(4,273

)

(5,795

)

NET ASSETS

131,644

83,970

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

131,544

83,870

SHAREHOLDERS' FUNDS

131,644

83,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 September 2025 and were signed on its behalf by:

G Mason - Director

H Mason - Director

1.	STATUTORY INFORMATION

Addison London 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Addison London Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services and fees, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

243,601

AMORTISATION

At 1 April 2024

12,180

Amortisation for year

12,180

At 31 March 2025

24,360

NET BOOK VALUE

At 31 March 2025

219,241

At 31 March 2024

231,421

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

90,208

DEPRECIATION

At 1 April 2024

61,448

Charge for year

6,479

At 31 March 2025

67,927

NET BOOK VALUE

At 31 March 2025

22,281

At 31 March 2024

28,760

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

38,480

DEPRECIATION

At 1 April 2024

16,834

Charge for year

5,411

At 31 March 2025

22,245

NET BOOK VALUE

At 31 March 2025

16,235

At 31 March 2024

21,646

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

287,230

Impairments

(28,723

)

At 31 March 2025

258,507

NET BOOK VALUE

At 31 March 2025

258,507

At 31 March 2024

287,230

7.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25

31.3.24

£

£

Gross obligations repayable:

Within one year

5,454

5,454

Between one and five years

16,292

21,746

21,746

27,200

Finance charges repayable:

Within one year

1,536

1,536

Between one and five years

512

2,048

2,048

3,584

Net obligations repayable:

Within one year

3,918

3,918

Between one and five years

15,780

19,698

19,698

23,616

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

19,698

23,616

The hire purchase creditors are secured against the motor vehicles to which they relate.

9.	OTHER FINANCIAL COMMITMENTS

There were £368,475 of lease commitments as at the balance sheet date.(2024 : £329,401).