Admiralty Place Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 10993653

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		2,811		1,732

			2,811		1,732
CURRENT ASSETS
Debtors	6	26,610		26,721
Cash at bank and in hand		205,467		114,950

		232,077		141,671
Creditors: Amounts Falling Due Within One Year	7	(44,400 )		(14,437 )

NET CURRENT ASSETS (LIABILITIES)			187,677		127,234

TOTAL ASSETS LESS CURRENT LIABILITIES			190,488		128,966

NET ASSETS			190,488		128,966

CAPITAL AND RESERVES
Called up share capital	8		105		100
Profit and Loss Account			190,383		128,866

SHAREHOLDERS' FUNDS			190,488		128,966

For the year ending 31 March 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 Profit and Loss Account.

On behalf of the board

Doctor R J Kincaid

Director

10 December 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Admiralty Place Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10993653 . The registered office is Admiralty Place, Mylor Harbour, Falmouth, Cornwall, TR11 5UF.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the provision of clinics to private clients is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date the service is provided.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Plant & Machinery	- Straight line over 5 years
Fixtures & Fittings	- Straight line over 5 years
Computer Equipment	- Straight line over 3 years

2.5. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2.7. Pensions

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.

2.8. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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Admiralty Place Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Computer software
	£
Cost
As at 1 April 2024	1,500

As at 31 March 2025	1,500

Amortisation
As at 1 April 2024	1,500

As at 31 March 2025	1,500

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	-	999	1,399	2,398
Additions	114	-	2,482	2,596

As at 31 March 2025	114	999	3,881	4,994

Depreciation
As at 1 April 2024	-	200	466	666
Provided during the period	23	200	1,294	1,517

As at 31 March 2025	23	400	1,760	2,183

Net Book Value
As at 31 March 2025	91	599	2,121	2,811

As at 1 April 2024	-	799	933	1,732

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	16,563	16,088
Prepayments and accrued income	7,479	6,951
Director's loan account	-	1,114

	24,042	24,153
Due after more than one year
Corporation tax recoverable assets	2,568	2,568

	26,610	26,721

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Admiralty Place Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	36,879	9,668
Accruals and deferred income	3,396	4,769
Director's loan account	4,125	-

	44,400	14,437

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
75 Ordinary A shares of £ 1.00 each	75	75
20 Ordinary B shares of £ 1.00 each	20	20
5 Ordinary C shares of £ 1.00 each	5	5
5 Ordinary D shares of £ 1.00 each	5	-

	105	100


Shares issued during the period:	£
5 Ordinary D shares of £ 1.00 each	5

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	10,502	10,502
Later than one year and not later than five years	8,752	19,253

	19,254	29,755

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Doctor Robin Kincaid	1,114	-	1,114	-	-

The above loan is provided interest free and repayable on demand.

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