Adderstone 1993 Limited - Filleted accounts

Registered number

04029395

Adderstone 1993 Limited

Filleted Accounts

31 March 2025

Adderstone 1993 Limited
Registered number: 04029395
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		6,400,000			6,901,781
Investments	4		1			3,010,902
			6,400,001			9,912,683

Current assets
Debtors	5	34,983			20,674,533
Cash at bank and in hand		21,384			156,389
		56,367			20,830,922

Creditors: amounts falling due within one year	6	(4,383,506)			(5,741,362)

Net current (liabilities)/assets			(4,327,139)			15,089,560

Total assets less current liabilities			2,072,862			25,002,243

Creditors: amounts falling due after more than one year	7		(2,025,265)			(3,613,692)

Provisions for liabilities			-			(125,000)

Net assets			47,597			21,263,551

Capital and reserves
Called up share capital			56			56
Share premium			-			499,995
Capital redemption reserve			-			49
Revaluation reserve	9		8,633			375,000
Profit and loss account			38,908			20,388,451

Shareholder's funds			47,597			21,263,551

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 1993 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 provision of services. Turnover from the rendering of services is recognised when the service has been provided.

	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:

	Freehold property	Not depreciated
	Plant and machinery	3 years straight line
	Fixtures, fittings and equipment	3 years straight line

	Investments
	Investments in subsidiaries and associates are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	6,891,367		25,369		6,916,736
	Revaluation	(491,367)		-		(491,367)
	Disposals	-		(25,369)		(25,369)
	At 31 March 2025	6,400,000		-		6,400,000

	Depreciation
	At 1 April 2024	-		14,955		14,955
	Charge for the year	-		8,289		8,289
	On disposals	-		(23,244)		(23,244)
	At 31 March 2025	-		-		-

	Net book value
	At 31 March 2025	6,400,000		-		6,400,000
	At 31 March 2024	6,891,367		10,414		6,901,781


	Freehold land and buildings:			2025		2024
£					£
	Historical cost			6,391,367		6,391,367


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2024					3,010,902
	Disposals					(3,010,901)

	At 31 March 2025					1


5	Debtors			2025		2024
£					£

	Trade debtors			438		2,191
	Amounts owed by group undertakings			-		7,420,314
	Amounts owed by related parties			-		13,189,936
	Other debtors			34,545		62,092
				34,983		20,674,533


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			80,000		80,000
	Trade creditors			28,518		27,625
	Amounts owed to group undertakings			2,030,892		553,222
	Amounts owed to related parties			2,198,547		2,185,573
	Taxation and social security costs			8,049		-
	Other creditors			37,500		2,894,942
				4,383,506		5,741,362


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			2,025,265		3,613,692


8	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			2,105,265		3,693,692

	The bank loans are secured by a fixed and floating debenture over the assets of the company.


9	Revaluation reserve			2025		2024
£					£

	At 1 April 2024			375,000		375,000
	Loss on revaluation of freehold property			(366,367)		-

	At 31 March 2025			8,633		375,000


10	Related party transactions

	The company is a wholly owned subsidiary of Arlenia Limited. Accordingly the company has taken advantage of the exemption under FRS 102 from disclosing transactions with wholly owned members of Arlenia Limited.

	The company is related to Adderstone Finance Limited by wirtue of directors in common. At the year end, the company owed Adderstone Finance Limited £2,198,547 (2024 - £2,185,573). The loan from Adderstone Finance Limited bears interest at the HMRC official rate for beneficial loans which stood at 2.25% for the current financial year.


11	Controlling party

	The immediate and ultimate parent company is Arlenia Limited, incorporated in England & Wales. Copies of the Arlenia Limited financial statements can be obtained from Companies House.


12	Other information

	Adderstone 1993 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