Adalta Real (CN) Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 13144870

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,747,865		2,687,918

			2,747,865		2,687,918
CURRENT ASSETS
Debtors	5	116,445		188,190
Cash at bank and in hand		2,228		698

		118,673		188,888
Creditors: Amounts Falling Due Within One Year	6	(408,438 )		(219,566 )

NET CURRENT ASSETS (LIABILITIES)			(289,765 )		(30,678 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,458,100		2,657,240

Creditors: Amounts Falling Due After More Than One Year	7		(2,850,000 )		(2,850,000 )

NET LIABILITIES			(391,900 )		(192,760 )

CAPITAL AND RESERVES
Called up share capital	8		10,000		10,000
Profit and Loss Account			(401,900 )		(202,760 )

SHAREHOLDERS' FUNDS			(391,900)		(192,760)

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

R H Style

Director

27/10/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Adalta Real (CN) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13144870 . The registered office is The Byre Home Farm Drive, Upton Estate, Banbury, Oxfordshire, OX15 6HU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives at the following rates.

Freehold

The freehold buildings have not been depreciated during the year as they were still in the corse of costruction.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Adalta Real (CN) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 February 2024	2,687,918
Additions	59,947

As at 31 January 2025	2,747,865

Net Book Value
As at 31 January 2025	2,747,865

As at 1 February 2024	2,687,918

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	101,677	171,689
Other debtors	14,768	16,501

	116,445	188,190

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	58,507	64,200
Other loans	13,500	-
Other creditors	336,431	155,366

	408,438	219,566

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	2,850,000	2,850,000

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,000	10,000

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Adalta Real (CN) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

9. Related Party Transactions

The company has received a long term loan of £2,000,000 from Bradshaw Property Holdings Ltd, a company with a participating interest, to purchase a property. Interest of 6% per annum has accrued from the first anniversary of the loan and has been added to the cost of the property development. The amount of interest accrued during the year was £120,000 (2024- £107,836).

The company has received a long term loan of £500,000 from Pip's Finds Ltd, a company controlled by one of the directors, to purchase a property. Interest of 6% per annum has accrued from the first anniversary of the loan and has been added to the cost of the property development. The amount of interest accrued during the year was £30,000 (2024- £26,959).

The company has received a long term loan of £350,000 from Adalta Real Holdings Ltd, a company with a particpating interest and common directors, to purchase a property. Interest of 6% per annum has accrued from the first anniversary of the loan and has been added to the cost of the property development. The amount of interest accrued during the year was £21,000 (2024-£18,871).

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