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REGISTERED NUMBER: 11837390 (England and Wales)

ATLANTIC DEVELOPMENT PROJECTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

ATLANTIC DEVELOPMENT PROJECTS LIMITED (REGISTERED NUMBER: 11837390)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| Page |

Statement of Financial Position | 1 |  | to |  | 2

Notes to the Financial Statements | 3 |  | to |  | 6

ATLANTIC DEVELOPMENT PROJECTS LIMITED (REGISTERED NUMBER: 11837390)

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,390,500 |  | 1,350,000 |  |

Investments | 5 | 200 |  | 300 |  |

1,390,700 |  | 1,350,300 |  |

CURRENT ASSETS

Debtors | 6 | 1,617,220 |  | 1,021,154 |  |

Cash at bank | 318,789 |  | 1,537,359 |  |

1,936,009 |  | 2,558,513 |  |

CREDITORS

Amounts falling due within one year | 7 | (2,932,421 | ) | (4,610 | ) |

NET CURRENT (LIABILITIES)/ASSETS | (996,412 | ) | 2,553,903 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 394,288 |  | 3,904,203 |  |

PROVISIONS FOR LIABILITIES | (70,958 | ) | (63,263 | ) |

NET ASSETS | 323,330 |  | 3,840,940 |  |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Revaluation reserve | 302,508 |  | 269,703 |  |

Retained earnings | 20,622 |  | 3,571,037 |  |

323,330 |  | 3,840,940 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ATLANTIC DEVELOPMENT PROJECTS LIMITED (REGISTERED NUMBER: 11837390)

STATEMENT OF FINANCIAL POSITION - continued

31 DECEMBER 2025

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 director and authorised for issue on 4 May 2026 and were signed by:

K Wilson - Director

ATLANTIC DEVELOPMENT PROJECTS LIMITED (REGISTERED NUMBER: 11837390)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Atlantic Development Projects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 11837390

| Registered office: | Unit 6 Lowfield Drive Centre 500

| Wolstanton

| Newcastle

| Staffordshire

| ST5 0UU

| The principal activity of the company during the period was that of a holding company.

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.

| The financial statements are prepared in sterling, which is the functional currency of the entity.

| TANGIBLE FIXED ASSETS

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | not depreciated

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

| INVESTMENTS IN SUBSIDIARIES

| Investments in subsidiary undertakings are recognised at cost.

ATLANTIC DEVELOPMENT PROJECTS LIMITED (REGISTERED NUMBER: 11837390)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| FINANCIAL INSTRUMENTS

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently measured at amortised cost.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

| 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 entity after deducting all of its financial liabilities.

| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

| IMPAIRMENT OF FIXED ASSETS

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

ATLANTIC DEVELOPMENT PROJECTS LIMITED (REGISTERED NUMBER: 11837390)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Freehold

| property

£ |

| COST OR VALUATION

| At 1 January 2025 | 1,350,000 |  |

| Revaluations | 40,500 |  |

| At 31 December 2025 | 1,390,500 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,390,500 |  |

| At 31 December 2024 | 1,350,000 |  |

| The directors consider the property to be stated at fair value as at 31 December 2025.

| In respect of tangible assets held at valuation, the aggregate cost, depreciation and carrying amount that would have been recognised if the assets had been carried under the historical cost model are: Aggregate cost £1,390,000 (2024: £1,350,000), Aggregate depreciation £nil (2024: £nil) and carrying value £1,390,000 (2024: £1,350,000).

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025 | 300 |  |

| Impairments | (100 | ) |

| At 31 December 2025 | 200 |  |

| NET BOOK VALUE

| At 31 December 2025 | 200 |  |

| At 31 December 2024 | 300 |  |

| Atlantic Development Projects Limited owns 100% of the ordinary share capital of Letts 4 U Limited and VTS 2022 Staffordshire Ltd, all of which are incorporated in England and Wales.

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Amounts owed by group undertakings | - |  | 871,154 |  |

| Other debtors | 1,617,220 |  | 150,000 |  |

1,617,220 |  | 1,021,154 |  |

| Amounts owed by group undertakings are unsecured, interest free and are repayable on demand.

ATLANTIC DEVELOPMENT PROJECTS LIMITED (REGISTERED NUMBER: 11837390)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Amounts owed to group undertakings | 2,928,202 |  | - |  |

| Tax | - |  | 4,610 |  |

| Directors' current accounts | 199 |  | - |  |

| Accruals and deferred income | 4,020 |  | - |  |

2,932,421 |  | 4,610 |  |

| Amounts owed to group undertakings are unsecured, interest free and are repayable on demand.

8. | RELATED PARTY DISCLOSURES

| Details of the transactions between fellow group companies have not been disclosed in line with paragraph 33.1A of FRS102.

9. | POST BALANCE SHEET EVENTS

| There were no significant events up to the date of approval of the financial statements by the Board.

10. | ULTIMATE CONTROLLING PARTY

| The ultimate parent company is KC Investment Holdings Ltd, a company registered in England and Wales.