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Registration number: 07160961

Adam Ellis Ltd
Unaudited Filleted Financial Statements
for the Period from 1 March 2024 to 31 March 2025

Adam Ellis Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Adam Ellis Ltd

Company Information

Directors | Adam Ellis Amy Ellis

Company secretary | Amy Ellis

Registered office | 80-83 Long Lane London EC1A 9ET

Accountants | Carbon Accountancy Limited Chartered Accountants 80-83 Long Lane London EC1A 9ET

Adam Ellis Ltd

(Registration number: 07160961)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 1,479,972 | 1,488,868
Investment property | 4 | 583,172 | 583,172
|  | 2,063,144 | 2,072,040
Current assets |  |  |
Debtors | 6 | 587,140 | 610,864
Cash at bank and in hand |  | 1,968,820 | 1,890,945
|  | 2,555,960 | 2,501,809
Creditors: Amounts falling due within one year | 7 | (388,501) | (228,764)
Net current assets |  | 2,167,459 | 2,273,045
Total assets less current liabilities |  | 4,230,603 | 4,345,085
Creditors: Amounts falling due after more than one year | 7 | (688,543) | (719,339)
Provisions for liabilities |  | (6,736) | (8,960)
Net assets |  | 3,535,324 | 3,616,786
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 3,535,224 | 3,616,686
Shareholders' funds |  | 3,535,324 | 3,616,786

For the financial period 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 accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Adam Ellis Ltd

(Registration number: 07160961)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 November 2025 and signed on its behalf by:

......................................... Adam Ellis Director

Adam Ellis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
80-83 Long Lane
London
EC1A 9ET
United Kingdom

These financial statements were authorised for issue by the Board on 13 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Adam Ellis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% reducing balance
Furniture, fixtures and fittings | 25% reducing balance
Motor vehicles | 25% straight line
Plant and machinery | 25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Adam Ellis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Adam Ellis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

3 | Tangible assets

| Land and buildings £ | Fixtures, fittings and equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 March 2024 | 1,453,028 | 86,077 | 8,000 | 46,188 | 1,593,293
Additions | - | 85 | - | - | 85
At 31 March 2025 | 1,453,028 | 86,162 | 8,000 | 46,188 | 1,593,378
Depreciation
At 1 March 2024 | - | 70,997 | 8,000 | 25,428 | 104,425
Charge for the period | - | 3,791 | - | 5,190 | 8,981
At 31 March 2025 | - | 74,788 | 8,000 | 30,618 | 113,406
Carrying amount
At 31 March 2025 | 1,453,028 | 11,374 | - | 15,570 | 1,479,972
At 29 February 2024 | 1,453,028 | 15,080 | - | 20,760 | 1,488,868

The property included in land and buildings above has not been revalued during the year. In the directors' view, the costs shown reflect the current market value of the property.

Included within the net book value of land and buildings above is £1,453,028 (2024 - £1,453,028) in respect of freehold land and buildings.

Adam Ellis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

4 | Investment properties

| 2025 £
At 1 March | 583,172
At 31 March | 583,172

There has been no valuation of investment property by an independent valuer.

5 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 10 (2024 - 10).

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 517,810 | 482,504
Amounts owed by related parties | 10 | - | 16,975
Other debtors |  | 69,330 | 111,385
|  | 587,140 | 610,864

Adam Ellis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 91,061 | 95,044
Trade creditors |  | 3,882 | 9,245
Taxation and social security |  | 171,281 | 121,038
Accruals and deferred income |  | 120,740 | 2,000
Other creditors |  | 1,537 | 1,437
|  | 388,501 | 228,764

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 688,543 | 719,339

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 688,543 | 719,339

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 91,061 | 95,044

Adam Ellis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

10 | Related party transactions

Overdrawn directors loan account
At the balance sheet date, the director loan account was overdrawn by £69,330. This was repaid in full within nine months of the year end.

Summary of transactions with other related parties

Maxland Management Limited is a UK resident company in which Adam Ellis is a director and shareholder. The loan to Maxland Management Limited is interest free and repayable on demand.

Loans to related parties

2025 | Maxland Management Limited £ | Total £
At start of period | 16,975 | 16,975
Advanced | 2,800 | 2,800
Repaid | (19,775) | (19,775)
At end of period | - | -

2024 | Maxland Management Limited £ | Total £
At start of period | 14,370 | 14,370
Advanced | 2,605 | 2,605
At end of period | 16,975 | 16,975