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Registration number: 13389330

Adriatic Blue Ltd
Directors' Report and Unaudited Financial Statements
for the Year Ended 28 February 2025

Adriatic Blue Ltd

(Registration number: 13389330)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 3 | 90,300 | 90,300
Current assets |  |  |
Debtors | 4 | - | 260
Cash at bank and in hand |  | 5,392 | 993
|  | 5,392 | 1,253
Creditors: Amounts falling due within one year | 5 | (96,254) | (95,662)
Net current liabilities |  | (90,862) | (94,409)
Net liabilities |  | (562) | (4,109)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (662) | (4,209)
Shareholders' deficit |  | (562) | (4,109)

For the financial year ending 28 February 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 year 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 13 November 2025 and signed on its behalf by:

.........................................

D P Fielding

Director

Adriatic Blue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | Accounting policies

Statutory information

Adriatic Blue Ltd is a private company, limited by shares, domiciled in England and Wales, company number 13389330. The registered office is at Croft House, Croft Close, Laughton En Le Morthen, Sheffield, S25 1YS.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the rental of the company's investmet properties. Revenue is recognised on a straight line basis over the lease terms.

Tax

The tax expense for the period comprises current 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.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors with the assistance of 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.

Adriatic Blue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

1 | Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

3 | Investment properties

Valuation | 2025 £
At 1 March 2024 | 90,300
At 28 February 2025 | 90,300

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

4 | Debtors

| 2025 £ | 2024 £
Other debtors | - | 260
| - | 260

5 | Creditors

Due within one year | 2025 £ | 2024 £
Amounts owed to group undertakings | 48,899 | 49,897
Taxation and social security | 1,063 | -
Accruals and deferred income | 1,292 | 765
Other creditors | 45,000 | 45,000
| 96,254 | 95,662