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REGISTERED NUMBER: 13263843 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 12 MARCH 2021 TO 31 DECEMBER 2021

FOR

AD77 LIMITED

AD77 LIMITED (REGISTERED NUMBER: 13263843)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 MARCH 2021 TO 31 DECEMBER 2021










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AD77 LIMITED

COMPANY INFORMATION
FOR THE PERIOD 12 MARCH 2021 TO 31 DECEMBER 2021







DIRECTORS: P T Atkinson
J Dickinson





REGISTERED OFFICE: Portrack Grange Road
Stockton On Tees
TS18 2PF





REGISTERED NUMBER: 13263843 (England and Wales)





ACCOUNTANTS: Baines Jewitt Limited
Chartered Accountants
Barrington House
41-45 Yarm Lane
Stockton-on-Tees
TS18 3EA

AD77 LIMITED (REGISTERED NUMBER: 13263843)

ABRIDGED BALANCE SHEET
31 DECEMBER 2021

Notes £ £
FIXED ASSETS
Investments 4 2,101,946

CURRENT ASSETS
Debtors 3,175
Cash at bank 2,255
5,430
CREDITORS
Amounts falling due within one year 335,886
NET CURRENT LIABILITIES (330,456 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,771,490

CREDITORS
Amounts falling due after more than one
year

330,886
NET ASSETS 1,440,604

CAPITAL AND RESERVES
Called up share capital 10,000
Share premium 1,415,724
Retained earnings 14,880
SHAREHOLDERS' FUNDS 1,440,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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.

AD77 LIMITED (REGISTERED NUMBER: 13263843)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 September 2022 and were signed on its behalf by:




P T Atkinson - Director



J Dickinson - Director


AD77 LIMITED (REGISTERED NUMBER: 13263843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 MARCH 2021 TO 31 DECEMBER 2021


1. STATUTORY INFORMATION

AD77 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 (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

AD77 LIMITED (REGISTERED NUMBER: 13263843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12 MARCH 2021 TO 31 DECEMBER 2021


4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£
COST
Additions 2,101,946
At 31 December 2021 2,101,946
NET BOOK VALUE
At 31 December 2021 2,101,946

The investment represents a 100% holding of the Ordinary shares of Teesside Industrial Controls Limited.

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2021:

£
P T Atkinson
Balance outstanding at start of period -
Amounts advanced 1,614
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 1,614

J Dickinson
Balance outstanding at start of period -
Amounts advanced 679
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 679