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REGISTERED NUMBER: 10549783 (England and Wales)







Financial Statements

for the Year Ended 31 January 2026

for

A.D.D Express Properties Ltd
A.D.D Express Properties Ltd (Registered number: 10549783)

Contents of the Financial Statements
for the Year Ended 31 January 2026










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.D.D Express Properties Ltd

Company Information
for the Year Ended 31 January 2026







DIRECTOR: D Fairbrother





REGISTERED OFFICE: Unit 8
Chichester Street
Rochdale
Lancashire
OL16 2AU





REGISTERED NUMBER: 10549783 (England and Wales)





AUDITORS: Lindley Adams Limited Chartered Accountants
Statutory Auditor
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG
Page 1
A.D.D Express Properties Ltd (Registered number: 10549783)

Balance Sheet
31 January 2026

31.1.26 31.1.25
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,559,600 5,650,000

CURRENT ASSETS
Debtors 5 428,531 513,983
Cash at bank and in hand 56,640 5,021
485,171 519,004
CREDITORS
Amounts falling due within one year 6 1,310,380 598,656
NET CURRENT LIABILITIES (825,209 ) (79,652 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,734,391
5,570,348

CREDITORS
Amounts falling due after more than one
year
7
(3,084,223
)
(3,941,979
)

PROVISIONS FOR LIABILITIES (362,781 ) (362,781 )
NET ASSETS 1,287,387 1,265,588

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 1,088,340 -
Non-distributable reserve 9 - 1,088,340
Retained earnings 198,947 177,148
15 1,287,387 1,265,588

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 11 August 2026 and were signed by:





D Fairbrother - Director


The notes form part of these financial statements

Page 2
A.D.D Express Properties Ltd (Registered number: 10549783)

Notes to the Financial Statements
for the Year Ended 31 January 2026


1. STATUTORY INFORMATION

A.D.D Express Properties Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its expected useful life, with the exception of freehold land which is not depreciated.

Buildings - 2% Straight line

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 1 (2025 - 1 ) .

Page 3 continued...
A.D.D Express Properties Ltd (Registered number: 10549783)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2026


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2025
and 31 January 2026 5,650,000
DEPRECIATION
Charge for year 90,400
At 31 January 2026 90,400
NET BOOK VALUE
At 31 January 2026 5,559,600
At 31 January 2025 5,650,000

Included in the cost of land and buildings is freehold land of £1.13m which is not depreciated. In the prior year the building has not been depreciated as it was an investment property.

During the year the company became a member of a group and the company's property is occupied by a fellow group member and as such the property is now treated as plant. property and equipment at its deemed cost being £5,650,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.26 31.1.25
as restated
£    £   
Trade debtors 97,200 63,400
Amounts owed by group undertakings 327,970 -
Other debtors 3,361 450,583
428,531 513,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.26 31.1.25
as restated
£    £   
Bank loans and overdrafts 145,257 78,215
Trade creditors 7 -
Amounts owed to group undertakings 1,037,364 -
Taxation and social security 123,592 32,312
Other creditors 4,160 488,129
1,310,380 598,656

Page 4 continued...
A.D.D Express Properties Ltd (Registered number: 10549783)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2026


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.26 31.1.25
as restated
£    £   
Bank loans 3,084,223 3,267,979
Other creditors - 674,000
3,084,223 3,941,979

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.26 31.1.25
as restated
£    £   
Bank loans 3,229,480 3,346,194

The bank facilities are secured by a fixed and floating charge over the assets of the company, in the form of a debenture in favour of Nationwide Building Society. The bank loans are secured by a legal first charge over the company's property which has a net book value of £5,559,600 (2025: £5,650,000).

The original loan amount was £3,242,099.80, advanced in 2023. The interest rate applicable is the Bank of England base rate plus an initial margin of 3%. The final repayment date of the loan is 27th October 2028 which includes payment of the outstanding balance at this date, this is expected to be £2,830,595.03.

9. RESERVES
Revaluation Non-distributable
reserve reserve Totals
£    £    £   
At 1 February 2025 - 1,088,340 1,088,340
Transfer 1,088,340 (1,088,340 ) -

At 31 January 2026 1,088,340 - 1,088,340

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

The Report of the Auditors was unqualified.


The financial statements of the company for the year ended 31st January 2025 were not audited. Accordingly, we do not express an audit opinion on the corresponding figures. Our opinion on the financial statements for the current period is not modified in respect of this matter

David C Adams (Senior Statutory Auditor)
for and on behalf of Lindley Adams Limited Chartered Accountants

11. CONTINGENT LIABILITIES

The company has a cross guarantee arrangement to secure all monies owed to the bank by its parent company, Fez Investments Limited and other subsidiary companies, A.D.D Northern Hub Limited and A.D.D Express Ltd.This is a fixed and floating debenture given by each company in the group, over any debt owed to the bank by any group company. No amounts have been paid or are payable by the company under this guarantee during the financial year.

Page 5 continued...
A.D.D Express Properties Ltd (Registered number: 10549783)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2026


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26 31.1.25
as restated
£    £   
D Fairbrother
Balance outstanding at start of year 327,949 320,732
Amounts advanced 3,361 7,217
Amounts repaid (327,949 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,361 327,949

Interest was charged on the loan at 2.25% and 3.75%. The loan is repayable on demand.

13. RELATED PARTY DISCLOSURES

Director personal guarantee
The company's banking facilities are secured by a personal guarantee provided by David Fairbrother, up to a maximum value of £150,000. No amounts have been paid or are payable by the director under this guarantee during the financial year.

14. ULTIMATE CONTROLLING PARTY

The Company's parent & ultimate parent company is Fez Investments Limited (a company registered in England & Wales). The address is Unit 8 Chichester Street, Rochdale, OL16 2AU. Fez Investments Limited is controlled by David Fairbrother by virtue of his shareholding.

15. RECONCILIATION OF MOVEMENTS IN RESERVES
31.1.26 31.1.25
as restated
£    £   
Profit for the financial year 21,799 1,277,414
Opening balance - (11,826 )
Net addition to reserves 21,799 1,265,588
Opening reserves
(originally £1,129,288 before
prior year adjustment of £136,300) 1,265,588 -
Closing reserves 1,287,387 1,265,588

16. WHOLLY OWNED SUBSIDIARY

From 19th September 2025 the company is a wholly owned subsidiary of Fez Investments Limited.

17. REVALUATION RESERVE

On becoming a subsidiary company, the property is rented to another group company. In accordance with FRS102 the company has chosen to measure its investment property at fair value, as its deemed cost. The property is accounted for under the cost model in property, plant and equipment. The fair value gain recorded in undistributable reserves in the prior year has been transferred to a revaluation reserve.

Page 6