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REGISTERED NUMBER: 08611354 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Adjack Developments Ltd

Adjack Developments Ltd (Registered number: 08611354)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Adjack Developments Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr A Swarbrick





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 08611354 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Adjack Developments Ltd (Registered number: 08611354)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 86 8
Investment property 5 776,854 392,250
776,940 392,258

CURRENT ASSETS
Debtors 6 2,096,978 578,056
Investments 7 69,750 -
Cash at bank 761,983 11,706
2,928,711 589,762
CREDITORS
Amounts falling due within one year 8 313,746 292,348
NET CURRENT ASSETS 2,614,965 297,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,391,905

689,672

CREDITORS
Amounts falling due after more than one
year

9

(20,584

)

(30,545

)

PROVISIONS FOR LIABILITIES (10,888 ) (10,888 )
NET ASSETS 3,360,433 648,239

CAPITAL AND RESERVES
Called up share capital 11 13 13
Fair value reserve 12 46,420 46,420
Retained earnings 12 3,314,000 601,806
SHAREHOLDERS' FUNDS 3,360,433 648,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Adjack Developments Ltd (Registered number: 08611354)

Statement of Financial Position - continued
30 April 2023


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

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 director and authorised for issue on 9 October 2023 and were signed by:





Mr A Swarbrick - Director


Adjack Developments Ltd (Registered number: 08611354)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Adjack Developments Ltd 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.

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.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022 8
Additions 1
Disposals (15 )
Reclassification/transfer 92
At 30 April 2023 86
NET BOOK VALUE
At 30 April 2023 86
At 30 April 2022 8

Adjack Developments Ltd (Registered number: 08611354)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 392,250
Additions/improvements 384,604
At 30 April 2023 776,854
NET BOOK VALUE
At 30 April 2023 776,854
At 30 April 2022 392,250

Investment property is included at fair value and is reviewed each year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Amounts owed by group undertakings 1,525,126 1,556
Other debtors 571,852 576,500
2,096,978 578,056

7. CURRENT ASSET INVESTMENTS
30.4.23 30.4.22
£    £   
Watches 69,750 -

Current asset investments are included at fair value and is reviewed each year.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1 -
Amounts owed to group undertakings 113,533 -
Taxation and social security 1,531 2,135
Other creditors 188,681 280,213
313,746 292,348

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 20,584 30,545

Adjack Developments Ltd (Registered number: 08611354)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 30,584 40,545

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Starling Bank.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
12 Ordinary £1 12 12
1 A Ordinary £1 1 1
13 13

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2022 601,806 46,420 648,226
Profit for the year 3,356,194 3,356,194
Dividends (644,000 ) (644,000 )
At 30 April 2023 3,314,000 46,420 3,360,420

13. RELATED PARTY DISCLOSURES

At the year end the company owed £113,533 (2022: £1,556) to Contact T/a Contact Solar Ltd, a subsidiary company.

At the year end the company was owed £1,525,126 (2022: £Nil) from Teriyaki Ltd, a subsidiary company.

All the balances owed to or from related parties are interest free and repayable on demand.