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REGISTERED NUMBER: 00692745 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

ADAMS & SON (HOLDINGS) LIMITED

ADAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 00692745)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADAMS & SON (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: D W H Adams
Mrs J Adams
S D Adams





SECRETARY: Mrs. A J Adams





REGISTERED OFFICE: Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE





REGISTERED NUMBER: 00692745 (England and Wales)





ACCOUNTANTS: Spain Brothers & Co
Chartered Accountants
Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE

ADAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 00692745)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 11,990 -
Investment property 5 3,779,199 3,779,199
3,791,189 3,779,199

CURRENT ASSETS
Debtors 6 10,642 710
Cash at bank and in hand 39,319 62,251
49,961 62,961
CREDITORS
Amounts falling due within one year 7 63,712 73,287
NET CURRENT LIABILITIES (13,751 ) (10,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,777,438

3,768,873

PROVISIONS FOR LIABILITIES 119,823 119,823
NET ASSETS 3,657,615 3,649,050

CAPITAL AND RESERVES
Called up share capital 8 4,000 4,000
Revaluation reserve 9 2,925,879 2,925,881
Retained earnings 727,736 719,169
SHAREHOLDERS' FUNDS 3,657,615 3,649,050

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

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

ADAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 00692745)

BALANCE SHEET - continued
31ST MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th October 2023 and were signed on its behalf by:





S D Adams - Director


ADAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 00692745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Adams & Son (Holdings) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's functional currency is the Pound Sterling (£).

The principal activity of the Company is property investment.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

ADAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 00692745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 12,071
Disposals (79 )
Revaluations (2 )
At 31st March 2023 11,990
NET BOOK VALUE
At 31st March 2023 11,990

Cost or valuation at 31st March 2023 is represented by:

Other
investments
£   
Valuation in 2023 (2 )
Cost 11,992
11,990

If the fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 11,992 -

Fixed asset investments were valued on an open market basis on 31st March 2023 by the directors .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 3,779,199
NET BOOK VALUE
At 31st March 2023 3,779,199
At 31st March 2022 3,779,199

ADAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 00692745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


5. INVESTMENT PROPERTY - continued

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2000 161,178
Valuation in 2002 220,015
Valuation in 2003 657,252
Valuation in 2004 106,433
Valuation in 2009 198,838
Valuation in 2010 (200,000 )
Valuation in 2017 540,493
Valuation in 2020 (197,335 )
Valuation in 2022 1,558,830
Cost 733,495
3,779,199

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 733,495 733,495

Investment property was valued on an open market basis on 31st March 2022 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,038 710
Prepayments 8,604 -
10,642 710

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,517 12,358
Tax 18,443 23,662
Other creditors 393 393
Directors' current accounts 17 35
Accruals 38,342 36,839
63,712 73,287

ADAMS & SON (HOLDINGS) LIMITED (REGISTERED NUMBER: 00692745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,000 Ordinary Class A 1 2,000 2,000
2,000 Ordinary Class B 1 2,000 2,000
4,000 4,000

9. RESERVES
Revaluation
reserve
£   
At 1st April 2022 2,925,881
Revaluation of investments (2 )

At 31st March 2023 2,925,879