Adipost of Whitton Ltd

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 7

Adipost of Whitton Ltd

Company Information

Directors

Mrs K A Staines Mr N Montague Mr N Montague

Company secretary

Mrs K A Staines

Registered office

Crosslands Cottage Sutcombe Holsworthy Devon EX22 7QA

Adipost of Whitton Ltd

(Registration number: 02600167)
Statement of Financial Position as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	700,446	650,000
Current assets
Cash at bank and in hand		28,118	24,702
Creditors: Amounts falling due within one year	6	(26,565)	(43,606)
Net current assets/(liabilities)		1,553	(18,904)
Net assets		701,999	631,096
Capital and reserves
Called up share capital		1,004	1,004
Profit and loss account		700,995	630,092
Shareholders' funds		701,999	631,096

For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 8 October 2026 and signed on its behalf by:
 

Mrs K A Staines Company secretary and director

Adipost of Whitton Ltd

Notes to the Unaudited Financial Statements for the year ended 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Crosslands Cottage
Sutcombe
Holsworthy
Devon
EX22 7QA

Principal activity

The principal activity of the company is renting and operating of housing association real estate

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

Adipost of Whitton Ltd

Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

Adipost of Whitton Ltd

Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Computer equipment	25% reducing balance

Impairment

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

4

Taxation

Tax charged/(credited) in the statement of comprehensive income

	2026 £	2025 £
Current taxation
UK corporation tax	8,167	8,745
UK corporation tax adjustment to prior periods	(39)	-
	8,128	8,745

Adipost of Whitton Ltd

Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)

5	Tangible assets

	Land and buildings £	Office equipment £	Total £
Cost or valuation
At 1 May 2025	661,297	1,000	662,297
Revaluations	50,000	-	50,000
Additions	-	535	535
Disposals	-	(300)	(300)
At 30 April 2026	711,297	1,235	712,532
Depreciation
At 1 May 2025	11,297	1,000	12,297
Charge for the year	-	89	89
Eliminated on disposal	-	(300)	(300)
At 30 April 2026	11,297	789	12,086
Carrying amount
At 30 April 2026	700,000	446	700,446
At 30 April 2025	650,000	-	650,000

Included within the net book value of land and buildings above is £700,000 (2025 - £650,000) in respect of freehold land and buildings.
 

Adipost of Whitton Ltd

Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	9	9
Taxation and social security	8,167	8,745
Accruals and deferred income	1,146	1,106
Other creditors	17,243	33,746
	26,565	43,606

Creditors: amounts falling due after more than one year

2026 £

2025 £

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.