ADPAD (OKEHAMPTON) LIMITED

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

Registered number: 11768294

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	4,465,633		4,466,945
Debtors	5	539,586		567,351
Cash at bank and in hand		5,707		123,448

		5,010,926		5,157,744
Creditors: Amounts Falling Due Within One Year	6	(366,572 )		(181,577 )

NET CURRENT ASSETS (LIABILITIES)			4,644,354		4,976,167

TOTAL ASSETS LESS CURRENT LIABILITIES			4,644,354		4,976,167

Creditors: Amounts Falling Due After More Than One Year	7		(4,513,061 )		(5,066,068 )

NET ASSETS/(LIABILITIES)			131,293		(89,901 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			131,193		(90,001 )

SHAREHOLDERS' FUNDS			131,293		(89,901)

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ADPAD (OKEHAMPTON) 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

11/12/2025

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

1. General Information

ADPAD (OKEHAMPTON) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11768294 . 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.

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 (OKEHAMPTON) LIMITED

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: 2 (2024: 2)

4. Stocks

	2025	2024
	£	£
Work in progress	4,465,633	4,466,945

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,494	650
Other debtors	9,000	4,524
Amounts owed by associates	529,092	562,177

	539,586	567,351

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ADPAD (OKEHAMPTON) LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,458	5,041
Corporation tax	73,848	137,788
Other creditors	263,596	5,000
Accruals and deferred income	21,451	24,454
Amounts owed to associates	4,219	9,294

	366,572	181,577

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	3,390,766	3,943,773
Other long term creditors	1,122,295	1,122,295

	4,513,061	5,066,068

There are 11 charges registered, as follows:

4 with Hannard Investments Limited created 10 February 2021, 13 October 2021, 8 July 2022 and 4 July 2023.

4 with Mrs J Coombe created 10 February 2021, 13 October 2021, 8 July 2022 and 4 July 2023

3 with Adpad Group Limited created 10 February 2021, 13 October 2021 and 8 July 2022.

8. Share Capital

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

9. Related Party Transactions

Hannard Investments Limited

Balance owed to Hannard Investments Limited: £3,390,766 (2024: £3,943,773).

Mrs J Coombe

Balance owed to Mrs J Coombe: £1,122,295 (2024: £1,122,295).

Adpad Group Limited

The Company incurred expenditure with Adpad Group Ltd of £Nil (2024: £28,704). Balance owed by Adpad Group Ltd at Year End: £123,432 (2024: £194,984).

Adpad Construction Limited

The Company incurred expenditure with Adpad Construction Ltd of £2,526,301 (2024: £3,427,409). Balance owed by Adpad Construction Ltd at Year End: £315,660 (2024: £367,193).

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