ADPAD (BRIXTON) LTD

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 10977654

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	42,589		146,352
Cash at bank and in hand		10,111		9,115

		52,700		155,467
Creditors: Amounts Falling Due Within One Year	5	(2,916 )		(109,655 )

NET CURRENT ASSETS (LIABILITIES)			49,784		45,812

TOTAL ASSETS LESS CURRENT LIABILITIES			49,784		45,812

NET ASSETS			49,784		45,812

CAPITAL AND RESERVES
Called up share capital	6		100		100
Income Statement			49,684		45,712

SHAREHOLDERS' FUNDS			49,784		45,812

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ADPAD (BRIXTON) LTD

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 members have 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

25/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

ADPAD (BRIXTON) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10977654 . 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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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.

2.4. 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.

2.5. 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.

...CONTINUED

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ADPAD (BRIXTON) LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.5. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	6,750	6,750
Corporation tax recoverable assets	-	2,839
VAT	800	762
Amounts owed by group undertakings	33,818	136,001
Amounts owed by associates	1,221	-

	42,589	146,352

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	3,991
Corporation tax	915	-
Accruals	2,001	2,233
Amounts owed to related parties	-	103,431

	2,916	109,655

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ADPAD (BRIXTON) LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

There are five charges registered, two from Chishomes Limited created on 16 October 2019 and 20 April 2021, and two from Close Brothers Limited, both created on 28 May 2021. A charge was also created on 17 February 2022 with Principality Building Society.

All loans relating to the above have been repaid.

6. Share Capital

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

7. Related Party Transactions

Adpad Construction Limited

Associate

A loan of £102,183 that was owing to Adpad Construction Limited was written off in the year.

Adpad Group Limited

Parent

A loan of £102,183 that was owing to Adpad (Brixton) Limited was written off in the year. The balance owed from Adpad Group Limited was £33,818 (2024: £136,001).

8. Ultimate Parent Undertaking and Controlling Party

The Company's immediate and ultimate parent undertaking is Adpad Group Limited . Adpad Group Limited was incorporated in England.

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