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Registered number: 08723689
ADPAD GROUP LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2025
ADPAD GROUP LIMITED
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—7

Page 1
ADPAD GROUP LIMITED
Statement of Financial Position
As At 30 April 2025
Statement of Financial Position
Registered number: 08723689

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 17,439 |  | 22,463
Investments | 5 |  | 500,250 |  | 646,250
|  |  | 517,689 |  | 668,713
CURRENT ASSETS
Stocks | 6 | 218,584 |  | 270,770 |
Debtors | 7 | 158,765 |  | 70,499 |
Cash at bank and in hand |  | 8,779 |  | 5,883 |
|  | 386,128 |  | 347,152 |
Creditors: Amounts Falling Due Within One Year | 8 | (654,773 ) |  | (959,590 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (268,645 ) |  | (612,438 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 249,044 |  | 56,275
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (23,241 ) |  | (28,796 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (4,360 ) |  | (4,225 )
NET ASSETS |  |  | 221,443 |  | 23,254
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Income Statement |  |  | 221,343 |  | 23,154
SHAREHOLDERS' FUNDS |  |  | 221,443 |  | 23,254

Page 1
Page 2
ADPAD GROUP LIMITED
Statement of Financial Position (continued)
As At 30 April 2025
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr P M Colledge Director
28/11/2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
ADPAD GROUP LIMITED
Notes to the Financial Statements
For The Year Ended 30 April 2025
Notes to the Financial Statements
1. General Information
ADPAD GROUP LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08723689 . The registered office is One Courtenay Park, Newton Abbot, Devon, TQ12 2HD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% reducing balance
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% reducing balance
Computer Equipment | 33.3% straight line

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
Financial instruments are clasified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financiel 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.
Page 3
Page 4
ADPAD GROUP LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
2.8. Consolidation
The Company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Page 4
Page 5
ADPAD GROUP LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
2.9. Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 May 2024 | - | 60,662 | 534 | 61,196
Additions | 398 | - | 652 | 1,050
As at 30 April 2025 | 398 | 60,662 | 1,186 | 62,246
Depreciation
As at 1 May 2024 | - | 38,555 | 178 | 38,733
Provided during the period | 100 | 5,528 | 446 | 6,074
As at 30 April 2025 | 100 | 44,083 | 624 | 44,807
Net Book Value
As at 30 April 2025 | 298 | 16,579 | 562 | 17,439
As at 1 May 2024 | - | 22,107 | 356 | 22,463

5. Investments

| Unlisted
--- | ---
| £
Cost
As at 1 May 2024 | 646,250
Disposals | (146,000 )
As at 30 April 2025 | 500,250
Provision
As at 1 May 2024 | -
As at 30 April 2025 | -

...CONTINUED
Page 5
Page 6
ADPAD GROUP LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025

Net Book Value
As at 30 April 2025 | 500,250
As at 1 May 2024 | 646,250

Investments in subsidiary undertakings have been valued by the Directors on 30 April 2025. Lameys cannot comment on the accuracy of the valuations within the Accounts and do not endorse them in any way for third party lending.
6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Work in progress | 218,584 |  | 270,770

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 2,156
Prepayments and accrued income | 12,526 |  | 11,853
Other debtors | 110 |  | 5,110
VAT | 38,416 |  | 11,216
Amounts owed by associates | 7,713 |  | 40,164
| 58,765 |  | 70,499
Due after more than one year
Contingent asset | 100,000 |  | -
| 158,765 |  | 70,499

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 5,141 |  | 1,422
Bank loans and overdrafts | 5,000 |  | 5,000
Other taxes and social security | - |  | 972
Other creditors | 10,030 |  | 287
Accruals and deferred income | 6,151 |  | 5,800
Director's loan account | 48,221 |  | 6,281
Amounts owed to subsidiaries | 451,166 |  | 562,565
Amounts owed to associates | 129,064 |  | 377,263
| 654,773 |  | 959,590

Page 6
Page 7
ADPAD GROUP LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 23,241 |  | 28,796

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

11. Related Party Transactions
Adpad Construction LimitedThe Company received management fees of £460,000 from Adpad Construction Limited. The balance owed to Adpad Construction Limited at the year end was £417,348 (2024: £426,565)

Adpad Construction Limited

The Company received management fees of £460,000 from Adpad Construction Limited. The balance owed to Adpad Construction Limited at the year end was £417,348 (2024: £426,565)

Adpad (Churston) LimitedThe balance owed to Adpad (Churston) Limited at the year end was £5,630 (2024: owed by Adpad (Churston) Limited - £38,017)

Adpad (Churston) Limited

The balance owed to Adpad (Churston) Limited at the year end was £5,630 (2024: owed by Adpad (Churston) Limited - £38,017)

Colledge Homes LimitedThe balance owed by Colledge Homes Limited at the year end was £4,942 (2024: owed to Colledge Homes Ltd was £182,278).

Colledge Homes Limited

The balance owed by Colledge Homes Limited at the year end was £4,942 (2024: owed to Colledge Homes Ltd was £182,278).

Adpad (Okehampton) LimitedThe balance owed to Adpad (Okehampton) Limited at the year end was £123,434 (2024: £194,985)

Adpad (Okehampton) Limited

The balance owed to Adpad (Okehampton) Limited at the year end was £123,434 (2024: £194,985)

12. Ultimate Controlling Party
The Company's ultimate controlling party is Colledge Homes Limited by virtue of its ownership of 100% of the issued share capital in the Company.
Page 7