Adelphi Assets Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04035969 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

ADELPHI ASSETS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Bedrossian

S L A Bedrossian

M Bedrossian

SECRETARY:

D Bedrossian

REGISTERED OFFICE:

23 Brill Close

Maidenhead

SL6 3EJ

REGISTERED NUMBER:

04035969 (England and Wales)

ACCOUNTANTS:

Hovnan & Co Ltd

Chartered Accountants

106 Ashurst Road

Cockfosters

London

EN4 9LG

FIXED ASSETS

Tangible assets

4

340

400

Investments

5

603,000

603,340

603,400

CURRENT ASSETS

Debtors

6

-

28,898

Cash at bank

334

460,342

334

489,240

CREDITORS

Amounts falling due within one year

7

154,802

226,508

NET CURRENT (LIABILITIES)/ASSETS

(154,468

)

262,732

TOTAL ASSETS LESS CURRENT
LIABILITIES

448,872

866,132

PROVISIONS FOR LIABILITIES

64

904

NET ASSETS

448,808

865,228

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

448,806

865,226

SHAREHOLDERS' FUNDS

448,808

865,228

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 directors acknowledge their 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 Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

M Bedrossian - Director

1.	STATUTORY INFORMATION

Adelphi Assets Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Adelphi Assets Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

The turnover shown in the profit and loss account represents amounts receivable from rental income during the year, exclusive of Value added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

All fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2024

and 28 February 2025

1,141

DEPRECIATION

At 1 March 2024

741

Charge for year

60

At 28 February 2025

801

NET BOOK VALUE

At 28 February 2025

340

At 29 February 2024

400

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

and 28 February 2025

603,000

NET BOOK VALUE

At 28 February 2025

603,000

At 29 February 2024

603,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Other debtors

-

28,898

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Amounts owed to group undertakings

111,844

115,484

Taxation and social security

2,383

107,184

Other creditors

40,575

3,840

154,802

226,508

Included in other creditors is an amount of £37,574 (2024: £Nil) due to the director Mr D Bedrossian.

8.	DIRECTORS' 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

£

D Bedrossian

Balance outstanding at start of year

28,898

-

Amounts advanced

-

28,898

Amounts repaid

(66,472

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(37,574

)

28,898

Director balances are repayable on demand and non-interest bearing.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £428,500 were paid to the directors .

Included in creditors is a balance owed to its subsidiary undertaking SDS Leisure Enterprises Ltd of £111,844
(2024: £115,484). The balance is repayable of demand and is non-interest bearing.

10.	ULTIMATE CONTROLLING PARTY

Control of the company is vested jointly in Mr D and Mrs S L A Bedrossian as directors and shareholders.