Accounts filed on 31-12-2014

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			Company registration number:00843732
			THE ADAMS GROUP LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 December 2014

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THE ADAMS GROUP LIMITED
BALANCE SHEET
AS AT 31 December 2014
			2014				2013
		Notes	£		£		£		£
FIXED ASSETS
Investments					2,271,159				2,776,159
Tangible assets		2			1,508				1,562
					2,272,667				2,777,721
CURRENT ASSETS
Stocks			1,569,372				2,381,648
Debtors			64,443				13,997
Cash at bank and in hand			1,278,037				353,181
Current asset investments			13,359				13,359
			2,925,211				2,762,185
CREDITORS
Amounts falling due within one year			(508,895)				(481,470)
NET CURRENT ASSETS					2,416,316				2,280,715
TOTAL ASSETS LESS
CURRENT LIABILITIES					4,688,983				5,058,436
Creditors falling due after one year					(250,000)				(500,000)
PROVISIONS FOR LIABILITIES					(43)				(54)
NET ASSETS					4,438,940				4,558,382
CAPITAL AND RESERVES
Called-up equity share capital		4			150,000				150,000
Revaluation Reserve					259,033				511,109
Profit and loss account					4,029,907				3,897,273
SHAREHOLDERS FUNDS					4,438,940				4,558,382
For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 9 September 2015 and signed on its behalf.
..........................................................................
T Adams
9 September 2015
The annexed notes form part of these financial statements.

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THE ADAMS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover relating to the sale of listed investments traded by the company is recognised on the date the investment is sold.

Investments

In accordance with Financial Reporting Standard for Smaller Entities (effective April 2008), freehold properties held for investment are stated at their open market value. Investments in subsidiaries are shown at the lower of cost or net realisable value. Listed investments classified as Fixed Assets are shown at the lower of cost or net realisable value. Listed investments classified as Current Assets are shown at the lower of cost or net realisable value.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed assets

A full year's depreciation is charged in the year of acquisition of an asset but none in the year of disposal. Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Fixtures and fittings 20% pa reducing balance

Leasehold improvements 20% pa reducing balance

Stocks and work In progress

Stocks and work in progress are valued consistently at the lower of cost (on a first in, first out basis) or net realisable value. Cost, where appropriate, includes a proportion of directly attributable overheads.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

Investments properties held for sale

When the directors have decided to sell an investment property it is reclassified as a current asset and shown at its market value less anticipated costs of sale.

Rental income

Rental income is shown net of direct costs and is recognised in the period in which it falls due.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			28,563
	At end of period			28,563
	Depreciation
	At start of period			27,001
	Provided during the period			54
	At end of period			27,055
	Net Book Value
	At start of period			1,562
	At end of period			1,508

3.

Creditors

Of the creditors due after more than one year £ £250,000 (2013 £500,000) i secured.

4.	Share capital				Allotted, issued and fully paid
					2014	2013
					£	£
	Ordinary shares of 50p each				75,000	75,000
	Preferred Ordinary Shares of 50p each				75,000	75,000
	Total issued share capital				150,000	150,000
5.	Ultimate controlling party
	The company is under the control of T Adams, who is the ultimate controlling party.