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REGISTERED NUMBER: 00576787 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

A.D.PROPERTIES LIMITED

| A.D.PROPERTIES LIMITED (REGISTERED NUMBER: 00576787) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Chartered Accountants' Report | 7 |

| A.D.PROPERTIES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 5 APRIL 2025

| DIRECTORS: | Dr A H Habel

| Mrs SH Habel

| SECRETARY: | Mrs SH Habel

| REGISTERED OFFICE: | Avebury House

| 6 St Peter Street

| Winchester

| Hampshire

| SO23 8BN

| REGISTERED NUMBER: | 00576787 (England and Wales)

| A.D.PROPERTIES LIMITED (REGISTERED NUMBER: 00576787) |

BALANCE SHEET

5 APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 5,187 |  | 6,894 |  |

Investments | 5 | 181,064 |  | 274,376 |  |

Investment property | 6 | 3,875,200 |  | 3,100,000 |  |

4,061,451 |  | 3,381,270 |  |

CURRENT ASSETS

Debtors | 7 | 210,209 |  | 82,738 |  |

Investments | 8 | 33,544 |  | - |  |

Cash at bank | 27,962 |  | 77,295 |  |

271,715 |  | 160,033 |  |

CREDITORS

Amounts falling due within one year | 9 | 195,586 |  | 212,046 |  |

NET CURRENT ASSETS/(LIABILITIES) | 76,129 |  | (52,013 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,137,580 |  | 3,329,257 |  |

PROVISIONS FOR LIABILITIES | 541,150 |  | 350,202 |  |

NET ASSETS | 3,596,430 |  | 2,979,055 |  |

CAPITAL AND RESERVES

Called up share capital | 2,000 |  | 2,000 |  |

Revaluation reserve | 1,897,851 |  | 1,947,617 |  |

Retained earnings | 1,696,579 |  | 1,029,438 |  |

3,596,430 |  | 2,979,055 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2026 and were signed on its behalf by:

Dr A H Habel - Director

| A.D.PROPERTIES LIMITED (REGISTERED NUMBER: 00576787) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

1. | STATUTORY INFORMATION

| A.D.Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| BASIS OF PREPARING THE 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 as modified by the revaluation of certain assets.

| TURNOVER

| Turnover is the amount of rent receivable from the company's Freehold Investment Properties and is net of value added tax

| TANGIBLE FIXED ASSETS

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method.

| Depreciation is provided on the following basis:

| Fixtures and fittings - 15% on cost

| Computer equipment - 33% on cost

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, of it there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

| INVESTMENT PROPERTY

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| FINANCIAL INSTRUMENTS

| The company has the following basic financial instruments:

| - Short term debtors and creditors

| Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

| TAXATION

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| A.D.PROPERTIES LIMITED (REGISTERED NUMBER: 00576787) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| DEFERRED TAX

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Office |  | Computer |

| equipment |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 6 April 2024 | 20,180 |  | 6,393 |  | 26,573 |  |

| Additions | - |  | 554 |  | 554 |  |

| At 5 April 2025 | 20,180 |  | 6,947 |  | 27,127 |  |

| DEPRECIATION

| At 6 April 2024 | 17,855 |  | 1,824 |  | 19,679 |  |

| Charge for year | 558 |  | 1,703 |  | 2,261 |  |

| At 5 April 2025 | 18,413 |  | 3,527 |  | 21,940 |  |

| NET BOOK VALUE

| At 5 April 2025 | 1,767 |  | 3,420 |  | 5,187 |  |

| At 5 April 2024 | 2,325 |  | 4,569 |  | 6,894 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 6 April 2024 | 274,376 |  |

| Additions | 180,213 |  |

| Disposals | (198,198 | ) |

| Share of profit/(loss) | 9,851 |  |

| Revaluations | (12,270 | ) |

| Other movement | (72,908 | ) |

| At 5 April 2025 | 181,064 |  |

| NET BOOK VALUE

| At 5 April 2025 | 181,064 |  |

| At 5 April 2024 | 274,376 |  |

| A.D.PROPERTIES LIMITED (REGISTERED NUMBER: 00576787) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5 APRIL 2025

5. | FIXED ASSET INVESTMENTS - continued

| Cost or valuation at 5 April 2025 is represented by:

| Other

| investments

£ |

| Cost | 181,064 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 6 April 2024 | 3,100,000 |  |

| Revaluations | 775,200 |  |

| At 5 April 2025 | 3,875,200 |  |

| NET BOOK VALUE

| At 5 April 2025 | 3,875,200 |  |

| At 5 April 2024 | 3,100,000 |  |

| Fair value at 5 April 2025 is represented by:

£ |

| Valuation in 2010 | 393,546 |  |

| Valuation in 2022 | 1,167,365 |  |

| Valuation in 2024 | 100,000 |  |

| Valuation in 2025 | 775,200 |  |

| Cost | 1,439,089 |  |

3,875,200 |  |

| If investment properties had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 1,439,089 |  | 1,439,089 |  |

| Investment property was valued on an open market basis on 5 April 2025 by directors .

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 8,309 |  | 19,571 |  |

| Pullen Associates Ltd | 59,002 |  | 55,864 |  |

| Directors' current accounts | 99,719 |  | - |  |

| Tax | 33,655 |  | - |  |

| Prepayments | 9,524 |  | 7,303 |  |

210,209 |  | 82,738 |  |

8. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Listed investments | 33,544 |  | - |  |

| A.D.PROPERTIES LIMITED (REGISTERED NUMBER: 00576787) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5 APRIL 2025

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Tax | 87,863 |  | 43,951 |  |

| Other creditors | 76,078 |  | 76,079 |  |

| Directors' current accounts | - |  | 1,375 |  |

| Accruals and deferred income | 27,160 |  | 86,801 |  |

| Accrued expenses | 4,485 |  | 3,840 |  |

195,586 |  | 212,046 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 5 April 2025 and 5 April 2024:

2025 | 2024 |

£ | £ |

| Dr A H Habel

| Balance outstanding at start of year | (1,375 | ) | (1,375 | ) |

| Amounts advanced | 124,094 |  | - |  |

| Amounts repaid | (23,000 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 99,719 |  | (1,375 | ) |

| Where appropriate, interest has been included on the loan at the appropriate HMRC rate. The loan is repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

A.D.PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A.D.Properties Limited for the year ended 5 April 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A.D.Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.D.Properties Limited and state those matters that we have agreed to state to the Board of Directors of A.D.Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.D.Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A.D.Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A.D.Properties Limited. You consider that A.D.Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A.D.Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

3 April 2026