Company No: 12557949 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	G J Price (Resigned 28 October 2025)
	Marc Robertson (Appointed 28 October 2025)

REGISTERED OFFICE	Grove House
	55 Lowlands Road
	Harrow On The Hill
	HA1 3AW
	United Kingdom

COMPANY NUMBER

12557949 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	27.10.2025		30.09.2025
		£		£
Fixed assets
Tangible assets	3	2,107,899		2,147,614
		2,107,899		2,147,614
Current assets
Debtors	4	664,932		47,984
Cash at bank and in hand		319,739		395,890
		984,671		443,874
Creditors: amounts falling due within one year	5	( 1,156,616)		( 952,213)
Net current liabilities		(171,945)		(508,339)
Total assets less current liabilities		1,935,954		1,639,275
Creditors: amounts falling due after more than one year	6	( 379,009)		( 379,009)
Provision for liabilities		( 317,041)		0
Net assets		1,239,904		1,260,266
Capital and reserves
Called-up share capital		3		3
Profit and loss account		1,239,901		1,260,263
Total shareholders' funds		1,239,904		1,260,266

For the financial period ending 27 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Adelphi Limited (registered number: 12557949) were approved and authorised for issue by the Director on 15 July 2026. They were signed on its behalf by:

Marc Robertson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Adelphi Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Grove House, 55 Lowlands Road, Harrow On The Hill, HA1 3AW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	25 % reducing balance
Plant and machinery etc.	25 % reducing balance

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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 creditors: amounts falling due within one year.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Period from 01.10.2025 to 27.10.2025		Period from 01.05.2024 to 30.09.2025
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	11		11

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 October 2025	13,000		2,467,370		2,480,370
At 27 October 2025	13,000		2,467,370		2,480,370
Accumulated depreciation
At 01 October 2025	3,250		329,506		332,756
Charge for the financial period	180		39,535		39,715
At 27 October 2025	3,430		369,041		372,471
Net book value
At 27 October 2025	9,570		2,098,329		2,107,899
At 30 September 2025	9,750		2,137,864		2,147,614
Leased assets included above:
Net book value
At 27 October 2025	0		1,257,351		1,257,351
At 30 September 2025	0		1,281,042		1,281,042

4. Debtors

	27.10.2025		30.09.2025
	£		£
Trade debtors	360,000		46,915
Other debtors	304,932		1,069
	664,932		47,984

5. Creditors: amounts falling due within one year

	27.10.2025		30.09.2025
	£		£
Trade creditors	41,715		129,850
Taxation and social security	216,742		66,425
Obligations under finance leases and hire purchase contracts (secured)	643,500		643,500
Other creditors	254,659		112,438
	1,156,616		952,213

6. Creditors: amounts falling due after more than one year

	27.10.2025		30.09.2025
	£		£
Amounts owed to related parties	3,634		3,634
Obligations under finance leases and hire purchase contracts (secured)	375,375		375,375
	379,009		379,009

Hire purchase contracts are secured over the assets of the Company, which are subject to hire purchase