REGISTERED NUMBER: 12154854 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

AD VALOREM GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A Adams

N T Adams

N Woolmer

L Adams

P D Brassington

REGISTERED OFFICE:

2 Manor Farm Court

Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

REGISTERED NUMBER:

12154854 (England and Wales)

AUDITORS:

SCCA LTD T/A Stafford & Co

Chartered Accountants & Statutory Auditors

3 The Studios,

320 Chorley Old Road

Bolton

Lancashire

BL1 4JU

FIXED ASSETS

Intangible assets

4

585,000

621,000

Investments

5

2,536,823

1,667,312

3,121,823

2,288,312

CURRENT ASSETS

Debtors

6

461,916

1,101,563

Cash at bank and in hand

327

3,275

462,243

1,104,838

CREDITORS

Amounts falling due within one year

7

1,785,890

799,387

NET CURRENT (LIABILITIES)/ASSETS

(1,323,647

)

305,451

TOTAL ASSETS LESS CURRENT LIABILITIES

1,798,176

2,593,763

CREDITORS

Amounts falling due after more than one year

8

677,813

1,543,000

NET ASSETS

1,120,363

1,050,763

CAPITAL AND RESERVES

Called up share capital

358

358

Capital redemption reserve

46

46

Other reserves

1,069,999

1,069,999

Retained earnings

49,960

(19,640

)

1,120,363

1,050,763

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 6 July 2026 and were signed on its behalf by:

N A Adams - Director

1.	STATUTORY INFORMATION

Ad Valorem Group 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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

720,000

AMORTISATION

At 1 January 2025

99,000

Charge for year

36,000

At 31 December 2025

135,000

NET BOOK VALUE

At 31 December 2025

585,000

At 31 December 2024

621,000

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

1,667,312

Additions

935,511

Impairments

(66,000

)

At 31 December 2025

2,536,823

NET BOOK VALUE

At 31 December 2025

2,536,823

At 31 December 2024

1,667,312

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ad Valorem Accountancy Services Limited

Registered office: 2 Manor Farm Court, Old Wolverton, Milton Keynes, Buckinghamshire, United Kingdom, MK12 5NN

Nature of business: Accounting activities

%

Class of shares:

holding

Ordinary

100.00

31.12.25

31.12.24

£

£

Aggregate capital and reserves

324,961

13,866

Profit for the year/period

582,203

27,788

Ad Valorem Limited

Registered office: 2 Manor Farm Court Old Wolverton Road, Old Wolverton, Milton Keynes, Buckinghamshire, England, MK12 5NN

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

100.00

31.12.25

31.12.24

£

£

Aggregate capital and reserves

100

100

Ad Valorem Research and Development Limited

Registered office: 2 Manor Farm Court, Old Wolverton, Milton Keynes, Buckinghamshire, United Kingdom, MK12 5NN

Nature of business: Tax consultancy

%

Class of shares:

holding

Ordinary

100.00

31.12.25

31.12.24

£

£

Aggregate capital and reserves

3,597

3,569

Profit for the year/period

8

3,400

Liric Accountants Limited

Registered office: 2 Manor Farm Court, Old Wolverton, Milton Keynes, Buckinghamshire, United Kingdom, MK12 5NN

Nature of business: Accounting services

%

Class of shares:

holding

Ordinary

100.00

31.12.25

31.12.24

£

£

Aggregate capital and reserves

753

(2,848

)

Profit/(loss) for the year/period

3,601

(2,206

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Amounts owed by group undertakings

441,661

1,089,933

Other debtors

20,255

11,630

461,916

1,101,563

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Amounts owed to group undertakings

72,903

24,237

Other creditors

1,712,987

775,150

1,785,890

799,387

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

(Unaudited)

£

£

Other creditors

677,813

1,543,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Stafford BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of SCCA LTD T/A Stafford & Co

10.	PARENT COMPANY

The ultimate controlling party is ETL International AG, registered in Germany.

ETL International AG

Steinstrasse 41

Essen

Germany 45128