REGISTERED NUMBER: 08616737 (England and Wales)

Financial Statements for the Year Ended 31 August 2026

for

Adam Gray Projects Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Gray

REGISTERED OFFICE:

Queensgate House

48 Queen Street

Exeter

EX4 3SR

REGISTERED NUMBER:

08616737 (England and Wales)

ACCOUNTANTS:

Plunkett Yates Limited

1 Charlotte Mews

Pavilion Place

Exeter

Devon

EX2 4HA

FIXED ASSETS

Tangible assets

4

5,683

4,483

Investments

5

-

100

Investment property

6

739,314

336,000

744,997

340,583

CURRENT ASSETS

Stocks

19,114

19,114

Debtors

7

255,138

688,043

Cash at bank

1,698

24,877

275,950

732,034

CREDITORS

Amounts falling due within one year

8

29,360

86,194

NET CURRENT ASSETS

246,590

645,840

TOTAL ASSETS LESS CURRENT LIABILITIES

991,587

986,423

CREDITORS

Amounts falling due after more than one year

9

-

(727

)

PROVISIONS FOR LIABILITIES

(507

)

(148

)

NET ASSETS

991,080

985,548

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

990,880

985,348

991,080

985,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 October 2026 and were signed by:

A Gray - Director

1.	STATUTORY INFORMATION

Adam Gray Projects 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 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2025

8,253

Additions

3,080

At 31 August 2026

11,333

DEPRECIATION

At 1 September 2025

3,770

Charge for year

1,880

At 31 August 2026

5,650

NET BOOK VALUE

At 31 August 2026

5,683

At 31 August 2025

4,483

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2025

100

Disposals

(100

)

At 31 August 2026

-

NET BOOK VALUE

At 31 August 2026

-

At 31 August 2025

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2025

336,000

Additions

403,314

At 31 August 2026

739,314

NET BOOK VALUE

At 31 August 2026

739,314

At 31 August 2025

336,000

Fair value at 31 August 2026 is represented by:

£

Valuation in 2026

403,314

Valuation in 2023

(37,139

)

Valuation in 2022

41,867

Valuation in 2021

331,272

739,314

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.26

31.8.25

£

£

Trade debtors

-

10,175

Amounts recoverable on contract

1,700

-

Other debtors

253,438

677,868

255,138

688,043

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.26

31.8.25

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

22

22

Taxation and social security

2,433

41,016

Other creditors

26,905

35,156

29,360

86,194

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.26

31.8.25

£

£

Bank loans

-

727

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.8.26

31.8.25

£

£

A Gray

Balance outstanding at start of year

502,040

409,845

Amounts advanced

-

92,195

Amounts repaid

(422,087

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

79,953

502,040