AD PROPERTY MANAGEMENT AND LETTINGS LTD


Directors	NIKOLOVA, Dayana Andonova
	TSOCHEVA, Antoaneta


Registered Address	196 Lancaster Road
	Enfield
	EN2 0JH


Registered Number	10893325 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		9,918		11,668
Investment property	4		4,566,204		3,695,520
			4,576,122		3,707,188
Current assets
Debtors	5	42,325		26,900
Cash at bank and on hand		21,773		8,451
		64,098		35,351
Creditors amounts falling due within one year	6	(773,215)		(456,508)
Net current assets (liabilities)			(709,117)		(421,157)
Total assets less current liabilities			3,867,005		3,286,031
Creditors amounts falling due after one year	7		(2,826,245)		(2,314,245)
Net assets			1,040,760		971,786
Capital and reserves
Called up share capital			871,468		871,468
Profit and loss account			169,292		100,318
Shareholders' funds			1,040,760		971,786

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 20 December 2025, and are signed on its behalf by:

NIKOLOVA, Dayana Andonova
Director

TSOCHEVA, Antoaneta
Director

Registered Company No. 10893325

AD PROPERTY MANAGEMENT AND LETTINGS LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	15

	Investment property
	Investment property, which is property held to earn rentals and/or capital appreciation is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 April 24	-	29,062	29,062
At 31 March 25	-	29,062	29,062
Depreciation and impairment
At 01 April 24	-	17,394	17,394
Charge for year	1,750	-	1,750
At 31 March 25	1,750	17,394	19,144
Net book value
At 31 March 25	(1,750)	11,668	9,918
At 31 March 24	-	11,668	11,668

4.	Investment property


		£
	Fair value at 01 April 24	3,695,520
	Additions	870,684
	At 31 March 25	4,566,204

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	42,325	26,900
Total	42,325	26,900

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	25,710	15,687
Other creditors	746,230	439,546
Accrued liabilities and deferred income	1,275	1,275
Total	773,215	456,508


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,826,245	2,314,245
Total	2,826,245	2,314,245

8.	Directors advances, credits and guarantees
	At the year-end directors current account balance was 2024 : £422,099 Cr. (2024: £184,152 Cr.)

9.	Related party transactions
	Debtors and creditors includes following balances for following companies: * Fastklean Limited- £42,325 dr (2024- £26,900 dr) * To Investements Limited- £72,900 cr (2024- £72,900 cr) * FK2 services Limited- £5,000 cr (2024- £5,000 cr) * Fome Holdings Limited- £58,900 cr (2024- £45,500 cr) * Fastklean Holdings Limited- £118,750 cr (2024- £118,750 cr) * Eco Bravo £6,350 Cr (2024 - Nil) * Cleaning Agency Ltd £3,000 cr (2024 - £3,000 cr)

Related party transactions

Debtors and creditors includes following balances for following companies: 

* Fastklean Limited- £42,325 dr (2024- £26,900 dr)
* To Investements Limited- £72,900 cr (2024- £72,900 cr)
* FK2 services Limited-  £5,000 cr (2024- £5,000 cr)
* Fome Holdings Limited- £58,900 cr (2024- £45,500 cr)
* Fastklean Holdings Limited- £118,750 cr (2024- £118,750 cr)
* Eco Bravo £6,350 Cr (2024 - Nil)
* Cleaning Agency Ltd £3,000 cr (2024 - £3,000 cr)