REGISTERED NUMBER: 10510254 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ADOLPHUS PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W Foderingham

REGISTERED OFFICE:

Old Cottage

The Green

Boughton Monchelsea

Maidstone

Kent

ME17 4LT

REGISTERED NUMBER:

10510254 (England and Wales)

ACCOUNTANTS:

Taylor-Roalfe

The Old Cottage

The Green

Boughton Monchelsea

Kent

ME17 4LT

FIXED ASSETS

Tangible assets

4

1,469

1,959

Investment property

5

1,275,237

1,345,237

1,276,706

1,347,196

CURRENT ASSETS

Debtors

6

1,679

-

Cash at bank

216,202

56,889

217,881

56,889

CREDITORS

Amounts falling due within one year

7

520

-

NET CURRENT ASSETS

217,361

56,889

TOTAL ASSETS LESS CURRENT LIABILITIES

1,494,067

1,404,085

CREDITORS

Amounts falling due after more than one year

8

(1,269,823

)

(1,180,693

)

PROVISIONS FOR LIABILITIES

(32,824

)

(32,824

)

NET ASSETS

191,420

190,568

RESERVES

Fair value reserve

10

231,340

238,259

Retained earnings

(39,920

)

(47,691

)

191,420

190,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 25 November 2025 and were signed by:

W Foderingham - Director

1.	STATUTORY INFORMATION

Adolphus Properties 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.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

4,643

DEPRECIATION

At 1 January 2024

2,684

Charge for year

490

At 31 December 2024

3,174

NET BOOK VALUE

At 31 December 2024

1,469

At 31 December 2023

1,959

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,345,237

Disposals

(70,000

)

At 31 December 2024

1,275,237

NET BOOK VALUE

At 31 December 2024

1,275,237

At 31 December 2023

1,345,237

Fair value at 31 December 2024 is represented by:

£

Valuation in 2018

705,000

Valuation in 2019

330,000

Valuation in 2020

310,237

Valuation in 2024

(70,000

)

1,275,237

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

1,109,397

1,147,240

Investment property was valued on an open market basis on 31 December 2019 by the Director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

1,679

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

520

-

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

1,269,823

1,180,693

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

649,704

553,218

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Other loans

884,529

788,043

Loans are secured by way of a fixed charge over the investment properties held by Adolphus Properties Ltd

10.

RESERVES

Fair

value

reserve

£

At 1 January 2024

238,259

Non-Distributable Reserves

(6,919

)

At 31 December 2024

231,340