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REGISTERED NUMBER: SC719127 (Scotland)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 JANUARY 2022 TO 31 JANUARY 2023

FOR

ADAMHILL PROPERTIES LIMITED

ADAMHILL PROPERTIES LIMITED (REGISTERED NUMBER: SC719127)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 JANUARY 2022 TO 31 JANUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


ADAMHILL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 7 JANUARY 2022 TO 31 JANUARY 2023







DIRECTORS: S A Stevenson
Mrs. S. Stevenson





REGISTERED OFFICE: 37 Portland Road
Kilmarnock
Ayrshire
KA1 2DJ





REGISTERED NUMBER: SC719127 (Scotland)





ACCOUNTANTS: Gilmour Hamilton
Chartered Accountants
37 Portland Road
KILMARNOCK
Ayrshire
KA1 2DJ

ADAMHILL PROPERTIES LIMITED (REGISTERED NUMBER: SC719127)

ABRIDGED BALANCE SHEET
31 JANUARY 2023

Notes £    £   
FIXED ASSETS
Investment property 4 71,470

CURRENT ASSETS
Cash at bank and in hand 38,617

CREDITORS
Amounts falling due within one year 110,300
NET CURRENT LIABILITIES (71,683 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(213

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (313 )
(213 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the period ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





S A Stevenson - Director


ADAMHILL PROPERTIES LIMITED (REGISTERED NUMBER: SC719127)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 JANUARY 2022 TO 31 JANUARY 2023

1. STATUTORY INFORMATION

Adamhill Properties Limited is a private company, limited by shares , registered in Scotland. 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.

Investment property
Investment properties are included at fair value. As the properties were purchased just before the year end, the directors believe that cost remains a fair reflection of their fair value at the year end. The accounts are therefore prepared on a historic cost basis.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 71,470
At 31 January 2023 71,470
NET BOOK VALUE
At 31 January 2023 71,470

ADAMHILL PROPERTIES LIMITED (REGISTERED NUMBER: SC719127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 JANUARY 2022 TO 31 JANUARY 2023

4. INVESTMENT PROPERTY - continued

As the investment properties were purchased just before the year end, the directors believe that their cost is a fair reflection of the fair value at the year end.

5. RELATED PARTY DISCLOSURES

Creditors, amounts falling due within one year include a loan from the directors of £110,000. The loan is unsecured, interest free and repayable on demand.