1 April 2022 false Taxfiler 2023.9.1 10040283business:PrivateLimitedCompanyLtd2022-04-012023-03-31 100402832022-03-31 100402832022-04-012023-03-31 10040283business:AuditExemptWithAccountantsReport2022-04-012023-03-31 10040283business:FilletedAccounts2022-04-012023-03-31 100402832023-03-31 10040283business:Director12022-04-012023-03-31 10040283business:Director22022-04-012023-03-31 10040283business:RegisteredOffice2022-04-012023-03-31 100402832022-03-31 10040283core:WithinOneYear2023-03-31 10040283core:WithinOneYear2022-03-31 10040283core:AfterOneYear2023-03-31 10040283core:AfterOneYear2022-03-31 10040283core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10040283core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 10040283core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10040283core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 10040283core:PreviouslyStatedAmount2023-03-31 10040283core:PreviouslyStatedAmount2022-03-31 10040283business:SmallEntities2022-04-012023-03-31 10040283countries:EnglandWales2022-04-012023-03-31 10040283core:ComputerEquipment2022-04-012023-03-31 10040283core:ComputerEquipment2022-03-31 10040283core:ComputerEquipment2023-03-31 10040283core:AfterOneYear2022-04-012023-03-31 100402832021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10040283 (England and Wales)
Adam Property Limited Unaudited accounts for the year ended 31 March 2023
Adam Property Limited Unaudited accounts Contents
Page
- 2 -
Adam Property Limited Company Information for the year ended 31 March 2023
Directors
Krishnapillai Sivanandarajah Lilly Christabel Sivanandarajah
Company Number
10040283 (England and Wales)
Registered Office
3 Wedderburn Close Harrogate North Yorkshire HG2 7QP England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
Adam Property Limited Accountants' report
Accountants' report to the board of directors of Adam Property Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Adam Property Limited for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Adam Property Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Adam Property Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adam Property Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Adam Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Adam Property Limited. You consider that Adam Property Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Adam Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 19 September 2023
- 4 -
Adam Property Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
209 
419 
Current assets
Cash at bank and in hand
895 
1,471 
Creditors: amounts falling due within one year
(28,734)
(40,548)
Net current liabilities
(27,839)
(39,077)
Total assets less current liabilities
(27,630)
(38,658)
Creditors: amounts falling due after more than one year
(12,667)
(16,667)
Net liabilities
(40,297)
(55,325)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(40,307)
(55,335)
Shareholders' funds
(40,297)
(55,325)
For the year ending 31 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by
Krishnapillai Sivanandarajah Director Company Registration No. 10040283
- 5 -
Adam Property Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Adam Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10040283. The registered office is 3 Wedderburn Close, Harrogate, North Yorkshire, HG2 7QP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
629 
At 31 March 2023
629 
Depreciation
At 1 April 2022
210 
Charge for the year
210 
At 31 March 2023
420 
Net book value
At 31 March 2023
209 
At 31 March 2022
419 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
- 
13,074 
Loans from directors
28,734 
24,379 
Deferred income
- 
3,095 
28,734 
40,548 
- 6 -
Adam Property Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,667 
16,667 
The company received a Bounce Back Loan of £20,000 in 2021, which is a 100% UK Government backed loan. Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government. After the first 12 months, an interest rate of 2.5% is applicable. The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 7 -