REGISTERED NUMBER: 00843792 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ADAMES (FLANSHAM) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Adames

Mrs H M Adames

Mrs E Maclaren

SECRETARY:

Mrs H M Adames

REGISTERED OFFICE:

Chessels Farm

Chessels Farm Drive

Flansham

Bognor Regis

West Sussex

PO22 8EG

REGISTERED NUMBER:

00843792 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Intangible assets

4

5,341

5,341

Tangible assets

5

4,409,657

4,372,972

Investments

6

1,775,505

1,632,688

6,190,503

6,011,001

CURRENT ASSETS

Stocks

1,082,696

993,704

Debtors

7

64,994

34,491

Prepayments and accrued income

17,050

18,877

Cash at bank

2,423,879

2,245,001

3,588,619

3,292,073

CREDITORS

Amounts falling due within one year

8

230,455

146,045

NET CURRENT ASSETS

3,358,164

3,146,028

TOTAL ASSETS LESS CURRENT LIABILITIES

9,548,667

9,157,029

CREDITORS

Amounts falling due after more than one year

9

(1,089,070

)

(1,096,062

)

PROVISIONS FOR LIABILITIES

10

(588,505

)

(563,178

)

NET ASSETS

7,871,092

7,497,789

CAPITAL AND RESERVES

Called up share capital

61,000

61,000

Capital redemption reserve

3,000

3,000

Retained earnings

7,807,092

7,433,789

SHAREHOLDERS' FUNDS

7,871,092

7,497,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 November 2025 and were signed on its behalf by:

N J Adames - Director

Mrs H M Adames - Director

1.	STATUTORY INFORMATION

Adames (Flansham) 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.

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound (£).

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 represents net invoiced sales of goods and services, excluding value added tax, in relation to farming activities.

Other operating income

Other operating income includes rental income and sundry receipts recognised on a receivable basis.

Investments

Fixed asset investments are shares held in listed companies and stated at fair value with changes in fair value going to profit or loss.

Intangible assets

Purchased Rural Payments Agency entitlements have not been amortised due to the assets having an indefinite useful life.

Tangible fixed assets

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

Freehold property - 2% - 5% on buildings and nil on land and 10% on roads and paths

Deadstock - at 10% on reducing balance

Fixtures and fittings - at varying rates on cost

Tractors, combines and vehicles - 25% on reducing balance

Stocks and work in progress

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

Costs incurred on establishing and maintaining the woodland are taken to work in progress and will be recognised in profit or loss as the trees are felled and sold.

Work in progress is valued at the lower of cost and net realisable value. Overheads that are directly attributable to the woodland are reflected in work in progress. Costs such as roads and fencing are taken to tangible fixed assets and depreciated accordingly so are not included in work in progress.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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. Deferred tax has been recognised at a rate of 19% which was the substantively enacted rate at the balance sheet date.

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.

Government grants

Government grants and other contributions are accounted for under the accrual model.

Grants and other income relating to the woodland are taken to deferred income to be recognised in profit or loss when the trees are felled and sold. Grants receivable for fencing are taken to deferred income and recognised in profit or loss over the useful life of the asset, depreciation is charged to write off each fencing asset over its estimated useful life of ten years.

Leasing commitments

Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and and expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

5,341

NET BOOK VALUE

At 31 March 2025

5,341

At 31 March 2024

5,341

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

4,927,500

373,032

5,300,532

Additions

81,654

10,500

92,154

At 31 March 2025

5,009,154

383,532

5,392,686

DEPRECIATION

At 1 April 2024

648,545

279,015

927,560

Charge for year

32,743

22,726

55,469

At 31 March 2025

681,288

301,741

983,029

NET BOOK VALUE

At 31 March 2025

4,327,866

81,791

4,409,657

At 31 March 2024

4,278,955

94,017

4,372,972

Included in cost of land and buildings is freehold land of £ 3,687,269 (2024 - £ 3,687,269 ) which is not depreciated.

Tangible fixed assets are initially measured at cost. Some of the company's tangible fixed assets are held as security in favour of E Power Ltd.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

1,632,688

Revaluations

142,817

At 31 March 2025

1,775,505

NET BOOK VALUE

At 31 March 2025

1,775,505

At 31 March 2024

1,632,688

All fixed asset investments are shares held in listed companies. They are valued at fair value at the year end. The historical cost of investments were £1,521,791 (2024: £1,521,791).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

45,734

2,128

Other debtors

19,260

32,363

64,994

34,491

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

33,183

1,875

Taxation and social security

82,578

31,936

Other creditors

114,694

112,234

230,455

146,045

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,089,070

1,096,062

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

588,505

563,178

Deferred tax

£

Balance at 1 April 2024

563,178

Provided during year

25,327

Balance at 31 March 2025

588,505