Company registration number 03785037 (England and Wales)
ADESTE PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ADESTE PROPERTIES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
ADESTE PROPERTIES LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ADESTE PROPERTIES LIMITED FOR THE YEAR ENDED 28 DECEMBER 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Adeste Properties Limited for the year ended 28 December 2025 which comprise, the balance sheet 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 at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Adeste Properties Limited, as a body, in accordance with the terms of our engagement letter dated 27 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Adeste Properties Limited and state those matters that we have agreed to state to the b oard of d irectors of Adeste Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adeste Properties Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Adeste 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 result of Adeste Properties Limited. You consider that Adeste 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 Adeste 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 f inancial statements.

HJS Chartered Accountants
Chartered Accountants
Tagus House
9 Ocean Way
Southampton
Hampshire
SO14 3TJ
United Kingdom
22 May 2026
ADESTE PROPERTIES LIMITED
BALANCE SHEET
AS AT
28 DECEMBER 2025
28 December 2025
- 2 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
-
0
370
Cash at bank and in hand
2,829
-
0
2,829
370
Creditors: amounts falling due within one year
4
(2,729)
(270)
Net current assets
100
100
Capital and reserves
Called up share capital
100
100

For the financial year ended 28 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 22 May 2026
Mr C E Mair
Director
Company registration number 03785037 (England and Wales)
ADESTE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Adeste Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 1, 7th Floor, 50 Broadway, London, United Kingdom, SW1H 0BL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.3
Financial instruments

The company only enters into Basic financial instrument transactions.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

ADESTE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
370
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
270
Other creditors
2,729
-
0
2,729
270
5
Parent company

The ultimate controlling party is Pinotage Trustees Sarl as trustee of The Good Design Promotion Trust.

2025-12-28 2024-12-29 false false false 22 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr C E Mair Vistra Company Secretaries Limited 03785037 2024-12-29 2025-12-28 03785037 2025-12-28 03785037 2024-12-28 03785037 core:WithinOneYear 2025-12-28 03785037 core:WithinOneYear 2024-12-28 03785037 core:CurrentFinancialInstruments 2025-12-28 03785037 core:CurrentFinancialInstruments 2024-12-28 03785037 core:ShareCapital 2025-12-28 03785037 core:ShareCapital 2024-12-28 03785037 bus:Director1 2024-12-29 2025-12-28 03785037 2023-12-29 2024-12-28 03785037 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-28 03785037 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-28 03785037 bus:PrivateLimitedCompanyLtd 2024-12-29 2025-12-28 03785037 bus:SmallCompaniesRegimeForAccounts 2024-12-29 2025-12-28 03785037 bus:FRS102 2024-12-29 2025-12-28 03785037 bus:AuditExemptWithAccountantsReport 2024-12-29 2025-12-28 03785037 bus:CompanySecretary1 2024-12-29 2025-12-28 03785037 bus:FullAccounts 2024-12-29 2025-12-28 xbrli:pure xbrli:shares iso4217:GBP