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Registration number: 08344949

Adlam Associates Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Adlam Associates Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Adlam Associates Limited

Company Information

Directors | Mr Nicholas Adlam Mrs Katherine Adlam

Company secretary | Mrs Katherine Adlam

Registration number | 08344949

Registered office | Rakeshop House Newtown Common Newbury Berkshire RG20 9DA

Accountants | mca Shepherd Smail Unit 5 Priory Court Priory Estate Poulton Cirencester GL7 5JB

Adlam Associates Limited

(Registration number: 08344949)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 1,253 | 1,521
Investments | 5 | 15 | 15
Other financial assets |  | 2,904,007 | 2,367,603
|  | 2,905,275 | 2,369,139
Current assets |  |  |
Debtors | 6 | 10,500 | 9,093
Cash at bank and in hand |  | 115,753 | 53,915
|  | 126,253 | 63,008
Creditors: Amounts falling due within one year | 7 | (41,766) | (11,192)
Net current assets |  | 84,487 | 51,816
Total assets less current liabilities |  | 2,989,762 | 2,420,955
Provisions for liabilities |  | (313) | (289)
Net assets |  | 2,989,449 | 2,420,666
Capital and reserves |  |  |
Called up share capital |  | 3 | 3
Other reserves |  | - | 46,520
Retained earnings |  | 2,989,446 | 2,374,143
Shareholders' funds |  | 2,989,449 | 2,420,666

Adlam Associates Limited

(Registration number: 08344949)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 May 2026 and signed on its behalf by:

Mr Nicholas Adlam

Director

Adlam Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Rakeshop House
Newtown Common
Newbury
Berkshire
RG20 9DA

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Adlam Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures,fittings & equipment | 33% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Adlam Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Adlam Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 April 2025 | 2,448 | 2,448
Additions | 719 | 719
At 31 March 2026 | 3,167 | 3,167
Depreciation
At 1 April 2025 | 927 | 927
Charge for the year | 987 | 987
At 31 March 2026 | 1,914 | 1,914
Carrying amount
At 31 March 2026 | 1,253 | 1,253
At 31 March 2025 | 1,521 | 1,521

5 | Investments

Associates | £
Cost
At 1 April 2025 | 15
Provision
Carrying amount
At 31 March 2026 | 15
At 31 March 2025 | 15

Adlam Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 10,500 | -
Other debtors | - | 9,093
| 10,500 | 9,093

7 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Taxation and social security | 30,995 | -
Accruals and deferred income | 1,925 | 1,750
Other creditors | 8,846 | 9,442
| 41,766 | 11,192

8 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
A ordinary of £1 each | 3 | 3 | 3 | 3