ADM & CO HOLDINGS LTD


Directors	MERCHANT, Ahmed
	MERCHANT, Shaima


Registered Address	1st Floor, Buckley House 31a
	The Hundred
	Romsey
	SO51 8GD


Registered Number	15553520 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025
		£	£
Fixed assets
Tangible assets	3		12,252
			12,252
Current assets
Stocks	4	73,465
Cash at bank and on hand		36,916
		110,381
Creditors amounts falling due within one year	5	(48,270)
Net current assets (liabilities)			62,111
Total assets less current liabilities			74,363
Net assets			74,363
Capital and reserves
Called up share capital			100
Profit and loss account			74,263
Shareholders' funds			74,363

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 31 July 2026, and are signed on its behalf by:

MERCHANT, Ahmed
Director
Registered Company No. 15553520

ADM & CO HOLDINGS LTD

Notes to the Financial Statements
for the period ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	25
	Office Equipment	50

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025
	Average number of employees during the year	2

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
Additions	5,196	14,666	19,862
At 31 March 25	5,196	14,666	19,862
Depreciation and impairment
Charge for year	1,082	6,528	7,610
At 31 March 25	1,082	6,528	7,610
Net book value
At 31 March 25	4,114	8,138	12,252
At 10 March 24	-	-	-

4.	Stocks
	The finished goods mainly consists of used luxury watches which are for re-sale. For the year ended 31st March 2025, valuation report was obtained from a specialist surveyor has seen a considerable drop from the purchase costs of the watches. The summary from the surveyor mentions that " the drop reflects a return toward more normal supply/demand after an artificial scarcity-fueled bubble, combined with Rolex’s ongoing retail price increases as reflected by the 2 asstes sold in March 2025. Althought availability improved, speculation left, and the secondary market re-priced accordingly. Prices can still move with new releases, economic conditions, or further production changes, but the structural premium over AD retail has largely compressed."

Stocks

The finished goods mainly consists of used luxury watches which are for re-sale. For the year ended 31st March 2025, valuation report was obtained from a specialist surveyor has seen a considerable drop from the purchase costs of the watches. 

The summary from the surveyor mentions that " the drop reflects a return toward more normal supply/demand after an artificial scarcity-fueled bubble, combined with Rolex’s ongoing retail price increases as reflected by the 2 asstes sold in March 2025. Althought availability improved, speculation left, and the secondary market re-priced accordingly. Prices can still move with new releases, economic conditions, or further production changes, but the structural premium over AD retail has largely compressed."

		2025
		£
	Finished goods	73,465
	Total	73,465

5.	Creditors: amounts due within one year

		2025
		£
	Taxation and social security	44,875
	Other creditors	1,355
	Accrued liabilities and deferred income	2,040
	Total	48,270