Adgie Wealth Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14657868

ADGIE WEALTH SERVICES LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

ADGIE WEALTH SERVICES LTD

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026	2025
Note	£	£

Fixed Assets

Investments	4	573,000	573,000

Current Assets

Cash at bank and in hand	–	1

Creditors: amounts falling due within one year	5	440,714	409,101
		-----------	-----------
Net Current Liabilities		440,714	409,100
		-----------	-----------
Total Assets Less Current Liabilities		132,286	163,900

Creditors: amounts falling due after more than one year	6	143,103	245,000
		-----------	-----------
Net Liabilities		( 10,817)	( 81,100)
		-----------	-----------

ADGIE WEALTH SERVICES LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

	2026	2025
Note	£	£

Capital and Reserves

Called up share capital	100	100
Profit and loss account	( 10,917)	( 81,200)
	---------	---------
Shareholders Deficit	( 10,817)	( 81,100)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 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 year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 8 August 2026 , and are signed on behalf of the board by:

J D Adgie
Director

Company registration number: 14657868

ADGIE WEALTH SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7b Market Place, Hornsea, HU18 1AN, United Kingdom.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of Fixed Assets

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.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a 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. Debt instruments are subsequently measured at amortised cost.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2025 and 31 March 2026	573,000
	-----------
Impairment
At 1 April 2025 and 31 March 2026	–
	-----------

Carrying amount
At 31 March 2026	573,000
	-----------
At 31 March 2025	573,000
	-----------

5. Creditors: amounts falling due within one year

	2026	2025
	£	£
Amounts owed to group undertakings	296,757	262,468
Other creditors	143,957	146,633
	-----------	-----------
	440,714	409,101
	-----------	-----------

Included in other creditors is £93,000 (2025-£93,312) which is secured against the assets of the company.

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

	2026	2025
	£	£
Other creditors	143,103	245,000
	-----------	-----------

Included in other creditors is £143,103 (2025-£245,000) which is secured against the assets of the company.