REGISTERED NUMBER: 13393354 (England and Wales)

The Addresses Co Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2023

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Sami Challah

Mrs Roula Alajami Challah

REGISTERED OFFICE:

Shacter Cohen & Bor

31 Sackville Street

Manchester

M1 3LZ

REGISTERED NUMBER:

13393354 (England and Wales)

ACCOUNTANTS:

SKS Shacter Cohen & Bor Ltd

Chartered Accountants

31 Sackville Street

Manchester

M1 3LZ

FIXED ASSETS

Tangible assets

5

1,402

-

Investment property

6

291,304

129,100

292,706

129,100

CURRENT ASSETS

Cash at bank

32,683

4,909

CREDITORS

Amounts falling due within one year

(4,835

)

(4,043

)

NET CURRENT ASSETS

27,848

866

TOTAL ASSETS LESS CURRENT LIABILITIES

320,554

129,966

CREDITORS

Amounts falling due after more than one year

(316,397

)

(129,100

)

NET ASSETS

4,157

866

CAPITAL AND RESERVES

Called up share capital

7

5,000

5,000

Retained earnings

(843

)

(4,134

)

SHAREHOLDERS' FUNDS

4,157

866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

All the members have consented to the preparation of an abridged Profit and Loss Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by:

Mr Sami Challah - Director

Mrs Roula Alajami Challah - Director

1.	STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:

Shacter Cohen & Bor

31 Sackville Street

Manchester

M1 3LZ

England

These financial statements were authorised for issue by the Board.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

TURNOVER

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

TANGIBLE FIXED ASSETS

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

DEPRECIATION

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Fixture and Fittings - 15% Straight line method

INVESTMENT PROPERTY

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

CASH AND CASH EQUIVALENT

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE CREDITORS

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

SHARE CAPITAL

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

TAXATION

Taxation for the year comprises current tax. Tax is recognised in Profit and Loss Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,438

At 31 May 2023

1,438

DEPRECIATION

Charge for year

36

At 31 May 2023

36

NET BOOK VALUE

At 31 May 2023

1,402

6.	INVESTMENT PROPERTY

Total

£

COST

At 1 June 2022

129,100

Investment properties addition

162,204

At 31 May 2023

291,304

NET BOOK VALUE

At 31 May 2023

291,304

At 31 May 2022

129,100

There has been no valuation of investment property by an independent valuer.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Equity Shares

50

5,000

5,000