Adluis Limited 31/03/2025 iXBRL

Company registration number: SC446736

Adluis Limited

Unaudited filleted abridged financial statements

31 March 2025

Adluis Limited

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Notes to the financial statements

Adluis Limited

Directors and other information


	Directors	Colin Temple
		Sandra Temple


	Company number	SC446736


	Registered office	Albany House
		Rose Street
		Dunfermline
		Fife
		KY12 0RE


	Accountants	Paterson Boyd & Co
		Chartered Certified Accountants
		18 North Street
		Glenrothes
		Fife
		KY7 5NA

Adluis Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Adluis Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Adluis Limited for the year ended 31 March 2025 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Adluis Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Adluis Limited and state those matters that we have agreed to state to the board of directors of Adluis Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adluis Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Adluis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Adluis Limited. You consider that Adluis Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Adluis Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Paterson Boyd & Co

Chartered Certified Accountants

18 North Street

Glenrothes

Fife

KY7 5NA

17 October 2025

Adluis Limited

Abridged statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	4,458,925		4,974,897
Investments	5	920,235		666,705
		_______		_______
			5,379,160		5,641,602

Current assets
Debtors		71,528		17,589
Investments	6	9,184,976		9,097,479
Cash at bank and in hand		433,440		507,437
		_______		_______
		9,689,944		9,622,505
Creditors: amounts falling due
within one year		( 141,148)		( 139,387)
		_______		_______
Net current assets			9,548,796		9,483,118
			_______		_______
Total assets less current liabilities			14,927,956		15,124,720

Creditors: amounts falling due
after more than one year			( 9,421,262)		( 10,396,823)

Provisions for liabilities			( 62,892)		-

			_______		_______
Net assets			5,443,802		4,727,897
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			5,443,702		4,727,797
			_______		_______
Shareholders funds			5,443,802		4,727,897
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the current year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 17 October 2025 , and are signed on behalf of the board by:

Colin Temple

Director

Company registration number: SC446736

Adluis Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Albany House, Rose Street, Dunfermline, Fife, KY12 0RE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable in relation to property rental income.Revenue is recognised when it can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Tangible assets


		£
	Cost
	At 1 April 2024	4,981,914
	Additions	11,539
	Disposals	( 527,511)
		_______
	At 31 March 2025	4,465,942
		_______
	Depreciation
	At 1 April 2024 and 31 March 2025	7,017
		_______
	Carrying amount
	At 31 March 2025	4,458,925
		_______
	At 31 March 2024	4,974,897
		_______

The investment property is included at cost, the director considers this to be in line with fair value.

5. Investments


		£
	Cost or valuation
	At 1 April 2024	666,705
	Additions	201,168
	Disposals	( 10,161)
	Revaluations	62,523
		_______
	At 31 March 2025	920,235
		_______
	Impairment
	At 1 April 2024 and 31 March 2025	-
		_______
	Carrying amount
	At 31 March 2025	920,235
		_______
	At 31 March 2024	666,705
		_______

In respect of investments held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model would be £812,645.

6. Investments

	2025	2024
	£	£
Other investments	9,184,976	9,097,479
	_______	_______

In respect of investments held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model would be £8,986,521.

7. Related party transactions

Included in creditors falling due after more than one year are amounts due to the shareholders of the company totalling £9,421,262 (2024: £10,396,823). The loans are interest free and have no fixed terms of repayment.