REGISTERED NUMBER: 05516723 (England and Wales)

Adams Properties (N.Wales) Limited

Unaudited Financial Statements

for the Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R T Adams

Mr S G Adams

Mrs B L Griffin

SECRETARY:

Mrs B L Griffin

REGISTERED OFFICE:

Unit 9 Tir Llwyd Enterprise Park

St Asaph Avenue

Kinmel Bay

Rhyl

Denbighshire

LL18 5JZ

REGISTERED NUMBER:

05516723 (England and Wales)

ACCOUNTANTS:

Salisbury & Company

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

FIXED ASSETS

Tangible assets

4

1,103

277

Investment property

5

1,977,000

1,710,000

1,978,103

1,710,277

CURRENT ASSETS

Debtors

6

4,394

4,444

Cash at bank and in hand

89,849

38,574

94,243

43,018

CREDITORS

Amounts falling due within one year

7

695,803

682,958

NET CURRENT LIABILITIES

(601,560

)

(639,940

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,376,543

1,070,337

CREDITORS

Amounts falling due after more than one year

8

62,110

75,874

NET ASSETS

1,314,433

994,463

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,314,431

994,461

SHAREHOLDERS' FUNDS

1,314,433

994,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 27 August 2026 and were signed on its behalf by:

Mrs B L Griffin - Director

1.	STATUTORY INFORMATION

Adams Properties (N.Wales) 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

18,839

Additions

1,264

Disposals

(2,610

)

At 30 November 2025

17,493

DEPRECIATION

At 1 December 2024

18,562

Charge for year

438

Eliminated on disposal

(2,610

)

At 30 November 2025

16,390

NET BOOK VALUE

At 30 November 2025

1,103

At 30 November 2024

277

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

1,710,000

Revaluations

267,000

At 30 November 2025

1,977,000

NET BOOK VALUE

At 30 November 2025

1,977,000

At 30 November 2024

1,710,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2021

452,936

Valuation in 2025

267,000

Cost

1,257,064

1,977,000

If the Investment Properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,257,064

1,257,064

Investment property was valued on an open market basis on 30 November 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,112

272

Other debtors

3,282

4,172

4,394

4,444

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,763

13,135

Trade creditors

1,469

272

Amounts owed to participating interests

262,913

262,913

Taxation and social security

17,250

5,372

Other creditors

400,408

401,266

695,803

682,958

Other creditors include amounts totalling £394,826 (2024: £395,136) due to the directors of the company.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

62,110

75,874

9.	RELATED PARTY DISCLOSURES

Mr R T Adams, Mr S G Adams and Mrs B L Griffin are also directors of Evadx Limited. During the year Adams Properties (N.Wales) rented machinery to Evadx Ltd. The total amount of rent received during the year was £5,424 (2024: £5,424). The balance of £262,913 (2024: £262,913) remains outstanding at year end.

10.	ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies with the directors who, between them, own the issued share capital in its entirety.