REGISTERED NUMBER: 05039784 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

ADEM Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E L Mitchell

Mr A C Mitchell

REGISTERED OFFICE:

C/o DJH Chester City, Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

REGISTERED NUMBER:

05039784 (England and Wales)

ACCOUNTANTS:

DJH Wirral & Chester Limited

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Property, plant and equipment

4

103,918

105,719

CURRENT ASSETS

Debtors

5

40,000

40,000

Cash at bank

850

843

40,850

40,843

CREDITORS

Amounts falling due within one year

6

(134,460

)

(134,939

)

NET CURRENT LIABILITIES

(93,610

)

(94,096

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,308

11,623

CREDITORS

Amounts falling due after more than one year

7

(21,871

)

(27,488

)

NET LIABILITIES

(11,563

)

(15,865

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(11,565

)

(15,867

)

SHAREHOLDERS' FUNDS

(11,563

)

(15,865

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2025 and were signed on its behalf by:

Mr A C Mitchell - Director

1.	STATUTORY INFORMATION

ADEM Developments 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover

Revenue 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.

Freehold property

-

10% on cost

Short leasehold

-

20% on cost

Fixtures and fittings

-

20% on reducing balance

Taxation

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

Current 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 7 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Short

and

property

leasehold

fittings

Totals

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

130,619

30,882

24,123

185,624

DEPRECIATION

At 1 March 2024

27,376

30,882

21,647

79,905

Charge for year

1,306

-

495

1,801

At 28 February 2025

28,682

30,882

22,142

81,706

NET BOOK VALUE

At 28 February 2025

101,937

-

1,981

103,918

At 29 February 2024

103,243

-

2,476

105,719

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Amounts owed by associates

40,000

40,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

165

-

Amounts owed to associates

98,525

96,675

Taxation and social security

391

391

Other creditors

25,379

27,873

134,460

134,939

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

21,871

27,488