2017-01-01 00371373 2017-12-31 00371373 2017-01-01 2017-12-31 00371373 2016-12-31 00371373 2016-01-01 2016-12-31 00371373 uk-core:WithinOneYear 2016-12-31 00371373 uk-core:WithinOneYear 2017-12-31 00371373 uk-core:AfterOneYear 2016-12-31 00371373 uk-core:AfterOneYear 2017-12-31 00371373 uk-core:ShareCapital 2017-12-31 00371373 uk-core:ShareCapital 2016-12-31 00371373 uk-core:InvestmentPropertiesRevaluationReserve 2017-12-31 00371373 uk-core:InvestmentPropertiesRevaluationReserve 2016-12-31 00371373 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 00371373 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 00371373 uk-bus:Director1 2017-01-01 2017-12-31 00371373 uk-core:CostValuation 2016-12-31 00371373 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2016-12-31 00371373 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2017-12-31 00371373 uk-core:CostValuation 2017-12-31 00371373 uk-core:Non-currentFinancialInstruments 2017-12-31 00371373 uk-core:Non-currentFinancialInstruments 2016-12-31 00371373 uk-core:WithinOneYear 2017-12-31 00371373 uk-core:WithinOneYear 2016-12-31 iso4217:GBP xbrli:pure 00371373 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 00371373 uk-bus:FRS102 2017-01-01 2017-12-31 00371373 uk-bus:FullAccounts 2017-01-01 2017-12-31 00371373 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31
Adam Steel Limited
Registered Number:00371373
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
2
As at 31 December 2017
Adam Steel Limited
Statement of Financial Position
Registered Number :
00371373
£
£
2016
2017
Notes
Fixed assets
2
271,988
232,702
Investment property
Financial assets
7,884
7,884
3
279,872
240,586
Current assets
Trade and other receivables
13,976
13,976
4
45,718
Cash and cash equivalents
-
13,976
59,694
Trade and other payables: amounts falling due within one
year
(834)
(8,046)
5
58,860
5,930
Net current assets
Total assets less current liabilities
285,802
299,446
Trade and other payables: amounts falling due after more
than one year
(130)
(13)
6
285,789
Net assets
299,316
Capital and reserves
Called up share capital
11,249
11,249
Fair value reserve
(82,213)
(82,213)
Retained earnings
356,753
370,280
285,789
299,316
Shareholders' funds
For the year ended 31 December 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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For the year ended 31 December 2017
Adam Steel Limited
Statement of Financial Position Continued
Simon Robin Boudard Director
These financial statements were approved and authorised for issue by the Board on 09 November 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2017
Adam Steel Limited
Notes to the Financial Statements
Statutory Information
Adam Steel Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00371373.
Registered address:
c/o Grace Heathfield + Co
13 Forest Close
Cotgrave
Nottingham
NG12 3JN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the
expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such
depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
2. Investment property
Total
£
Fair value
At 01 January 2017
232,702
Additions
39,286
At 31 December 2017
271,988
Net book value
At 31 December 2017
271,988
At 31 December 2016
232,702
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For the year ended 31 December 2017
Adam Steel Limited
Notes to the Financial Statements Continued
3. Investments held as fixed assets
Other investments
Total
At 01 January 2017
7,884
7,884
Cost
£
£
At 31 December 2017
7,884
7,884
At 31 December 2017
Net book value
7,884
7,884
At 01 January 2017
7,884
7,884
4. Trade and other receivables
2016
2017
£
£
Other debtors
13,976
13,976
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
69
69
Trade creditors
4,982
415
Taxation and social security
2,595
-
Other creditors
400
350
8,046
834
6. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
13
130
7. Average number of persons employed
During the year the average number of employees was 0
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