Registered number
13288723
Adderstone Asset Management Limited
Filleted Accounts
31 March 2025

Adderstone Asset Management Limited
Registered number: 13288723
Balance Sheet
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 13,661 |  |  | 23,882
Current assets
Debtors | 4 |  | 945,763 |  |  | 1,658,053
Cash at bank and in hand |  |  | 391,814 |  |  | 172,016
|  |  | 1,337,577 |  |  | 1,830,069
Creditors: amounts falling due within one year | 5 |  | (1,038,182) |  |  | (1,802,054)
Net current assets |  |  |  | 299,395 |  |  | 28,015
Net assets |  |  |  | 313,056 |  |  | 51,897
Capital and reserves
Called up share capital |  |  |  | 1 |  |  | 1
Profit and loss account |  |  |  | 313,055 |  |  | 51,896
Shareholder's funds |  |  |  | 313,056 |  |  | 51,897
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I R Baggett, Professor, BSc (Hons), PhD, MRICS, FRGS
Director
Approved by the board on 4 November 2025

Adderstone Asset Management Limited
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is recognised when the service provided has been discharged.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Fixtures and fittings | 33% straight line
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 28 |  | 25
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 1 April 2024 | 160,363
| Additions | 12,745
| Disposals | (101,956)
| At 31 March 2025 | 71,152
| Depreciation
| At 1 April 2024 | 136,481
| Charge for the year | 22,966
| On disposals | (101,956)
| At 31 March 2025 | 57,491
| Net book value
| At 31 March 2025 | 13,661
| At 31 March 2024 | 23,882
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 86,121 |  | 267,490
| Amounts owed by group undertakings |  | 699 |  | 57,473
| Amounts owed by related parties |  | 701,746 |  | 436,614
| Other debtors | 157,197 |  | 896,476
|  |  |  |  |  | 945,763 |  | 1,658,053
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 8,874 |  | 40,474
| Amounts owed to group undertakings |  | 416,542 |  | 1,107,888
| Amounts owed to related parties |  | - |  | 40,681
| Taxation and social security costs | 591,988 |  | 419,941
| Other creditors | 20,778 |  | 193,070
|  |  |  |  |  | 1,038,182 |  | 1,802,054
6 | Other financial commitments | 2025 |  | 2024
£ | £
| Total future minimum payments under non-cancellable operating leases |  | 90,294 |  | 147,254
7 | Related party transactions
| The company was a wholly owned subsidiary of Adderstone 1993 Limited. On 1 October 2024, Arlenia Limited acquired the entire share capital and became the ultimate parent company. The company has taken advantage of the exemption under FRS 102 from disclosing transactions and balances with wholly owned members of Arlenia Limited. Transactions with other related parties are set out below.
| Balances owed (to) / from companies either wholly or jointly controlled by I R Baggett:
|  |  |  |  |  | 2025 |  | 2024
£ | £
| Adderstone (Sunderland) LLP | 278,575 |  | 281,610
| Adderstone (200) Limited | 266,815 |  | -
| Adderstone (201) Limited | 462 |  | -
| Adderstone (207) Limited | 2,860 |  | -
| Adderstone (208) Limited | 11,047 |  | -
| Adderstone (209) Limited | 432 |  | -
| Adderstone (210) Limited | 2,059 |  | 125,342
| Adderstone (211) Limited | - |  | 418
| Adderstone (213) Limited | - |  | 641
| Adderstone (214) Limited | - |  | (216)
| Adderstone (216 Com) Limited | 48,863 |  | -
| Adderstone (217) Limited | 7
| Adderstone (221) Limited | 216 |  | 28,603
| Adderstone (223) Limited | 50,382
| Adderstone (224) Limited | 28
| Adderstone Holdings Limited | - |  | (40,465)
| Adderstone Construction Limited | 40,000 |  | -
| The above balances are unsecured, interest free and carry no fixed repayment terms.
8 | Controlling party
| The immediate and ultimate parent company is Arlenia Limited, incorporated in England & Wales.
9 | Other information
| Adderstone Asset Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Nelson House, The Fleming
| Burdon Terrace
| Jesmond
| Newcastle upon Tyne
| NE2 3AE

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