Company Registration No. 07133251 (England and Wales)
Adamot Limited
Unaudited accounts
for the year ended 31 January 2023
Adamot Limited
Unaudited accounts
Contents
Adamot Limited
Company Information
for the year ended 31 January 2023
Company Number
07133251 (England and Wales)
Registered Office
Churchill House 120 Bunns Lane
Suite 112
London
Mill Hill
NW7 2AS
United Kingdom
Accountants
Platts
Churchill House, Suite 112
120 Bunns Lane
Mill Hill
London
NW7 2AS
Adamot Limited
Statement of financial position
as at 31 January 2023
Investment property
3,200,000
3,200,000
Cash at bank and in hand
317,481
281,367
Creditors: amounts falling due within one year
(264,149)
(270,552)
Net current assets
53,332
10,815
Total assets less current liabilities
3,253,332
3,210,815
Creditors: amounts falling due after more than one year
(726,000)
(726,000)
Provisions for liabilities
Deferred tax
(462,944)
(462,944)
Net assets
2,064,388
2,021,871
Called up share capital
100
100
Revaluation reserve
1,851,777
1,851,777
Profit and loss account
212,511
169,994
Shareholders' funds
2,064,388
2,021,871
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 20 October 2023 and were signed on its behalf by
Mr A Eivan
Director
Company Registration No. 07133251
Adamot Limited
Notes to the Accounts
for the year ended 31 January 2023
Adamot Limited is a private company, limited by shares, registered in England and Wales, registration number 07133251. The registered office is Churchill House 120 Bunns Lane, Suite 112, London, Mill Hill, NW7 2AS, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Fair value at 1 February 2022
3,200,000
At 31 January 2023
3,200,000
Adamot Limited
Notes to the Accounts
for the year ended 31 January 2023
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
93,012
93,012
Taxes and social security
28,739
25,425
Other creditors
25,000
25,000
Loans from directors
92,658
105,876
Deferred income
22,640
19,139
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
726,000
726,000
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).