ADW Investments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05191788 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

ADW Investments Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A D Wormald

REGISTERED OFFICE:

Suite 1

Buttershaw Works

Buttershaw Lane

Bradford

West Yorkshire

BD6 2DD

REGISTERED NUMBER:

05191788 (England and Wales)

FIXED ASSETS

Tangible assets

4

27,380,359

26,536,891

CURRENT ASSETS

Debtors

5

59,021

76,808

Cash at bank and in hand

61,655

58,541

120,676

135,349

CREDITORS

Amounts falling due within one year

6

2,506,584

2,206,772

NET CURRENT LIABILITIES

(2,385,908

)

(2,071,423

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,994,451

24,465,468

CREDITORS

Amounts falling due after more than one
year

7

(13,022,646

)

(12,686,583

)

PROVISIONS FOR LIABILITIES

(1,596,714

)

(1,596,714

)

NET ASSETS

10,375,091

10,182,171

CAPITAL AND RESERVES

Called up share capital

8

2

Revaluation reserve

9

4,800,591

Other reserves

9

1,200,000

1,530,000

Retained earnings

9

4,374,498

3,851,578

SHAREHOLDERS' FUNDS

10,375,091

10,182,171

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 May 2025 and were signed by:

A D Wormald - Director

1.	STATUTORY INFORMATION

ADW Investments Ltd 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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Taxation

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

Current or deferred 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST OR VALUATION

At 1 March 2024

26,500,000

35,095

4,791

148,123

26,688,009

Additions

716,040

-

716,040

Transfer to ownership

147,666

-

147,666

At 28 February 2025

27,363,706

35,095

4,791

148,123

27,551,715

DEPRECIATION

At 1 March 2024

-

11,425

4,790

134,903

151,118

Charge for year

-

7,019

-

13,219

20,238

At 28 February 2025

-

18,444

4,790

148,122

171,356

NET BOOK VALUE

At 28 February 2025

27,363,706

16,651

1

27,380,359

At 29 February 2024

26,500,000

23,670

1

13,220

26,536,891

The company has registered legal charges on its freehold property at companies house in favour of Svenska Handelsbanken AB(pub)..

Cost or valuation at 28 February 2025 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

Valuation in 2024

6,400,788

-

6,400,788

Cost

20,962,918

35,095

4,791

148,123

21,150,927

27,363,706

35,095

4,791

148,123

27,551,715

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

28.2.25

29.2.24

£

Cost

20,962,918

20,099,212

Freehold land and buildings were valued on an open market basis on 28 February 2025 by the Director .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST OR VALUATION

At 1 March 2024

and 28 February 2025

67,000

DEPRECIATION

At 1 March 2024

and 28 February 2025

13,256

NET BOOK VALUE

At 28 February 2025

53,744

At 29 February 2024

53,744

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Trade debtors

59,021

76,808

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Hire purchase contracts

13,938

Trade creditors

203,578

220,925

Taxation and social security

135,147

101,026

Other creditors

2,153,921

1,870,883

2,506,584

2,206,772

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.25

29.2.24

£

Bank loans

13,018,000

12,668,000

Hire purchase contracts

4,646

18,583

13,022,646

12,686,583

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

13,018,000

12,668,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

2

Ordinary

£1

2

9.

RESERVES

Retained

Revaluation

Other

earnings

reserve

reserves

Totals

£

At 1 March 2024

3,851,578

4,800,591

1,530,000

10,182,169

Profit for the year

522,920

-

522,920

Directors' loan

-

(330,000

)

(330,000

)

At 28 February 2025

4,374,498

4,800,591

1,200,000

10,375,089

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

A D Wormald

Balance outstanding at start of year

1,530,000

1,660,000

Amounts repaid

(330,000

)

(130,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,200,000

1,530,000

Other reserves include an amount owing to the director of £1,200,000 by the company at the year end..

11.	ULTIMATE CONTROLLING PARTY

At the year end, the company was a wholly owned subsidiary of ADW Holdings Ltd, a company registered in England and Wales. The whole group is deemed to be ultimately controlled by A D Wormald, director, by virtue of his majority shareholding in the ultimate parent company.