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REGISTERED NUMBER: 03534724 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2023

for

Adcam UK Limited

Adcam UK Limited (Registered number: 03534724)

Contents of the Financial Statements
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adcam UK Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: Mr G J Banner
Mrs C J Banner





SECRETARY: Mrs C J Banner





REGISTERED OFFICE: Hadland House
Hillside Road
Flore
Northampton
NORTHAMPTONSHIRE
NN7 4NR





REGISTERED NUMBER: 03534724 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Adcam UK Limited (Registered number: 03534724)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 2
Investment property 5 1,044,000 891,500
1,044,002 891,502

CURRENT ASSETS
Debtors 6 155 155
Cash at bank and in hand 60,183 44,705
60,338 44,860
CREDITORS
Amounts falling due within one year 7 20,449 18,219
NET CURRENT ASSETS 39,889 26,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,083,891

918,143

CREDITORS
Amounts falling due after more than one year 8 75,872 87,600
NET ASSETS 1,008,019 830,543

Adcam UK Limited (Registered number: 03534724)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 321,029 189,475
Retained earnings 686,988 641,066
SHAREHOLDERS' FUNDS 1,008,019 830,543

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

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

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 17 August 2023 and were signed on its behalf by:





Mr G J Banner - Director


Adcam UK Limited (Registered number: 03534724)

Notes to the Financial Statements
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Adcam UK 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and investments.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Adcam UK Limited (Registered number: 03534724)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 13,339
DEPRECIATION
At 1 April 2022
and 31 March 2023 13,337
NET BOOK VALUE
At 31 March 2023 2
At 31 March 2022 2

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 891,500
Revaluations 152,500
At 31 March 2023 1,044,000
NET BOOK VALUE
At 31 March 2023 1,044,000
At 31 March 2022 891,500

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 1,044,000

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

2023 2022
£    £   
Cost 722,971 722,971

Investment property was valued on an open market basis on 31 March 2023 by the company's directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 155 155

Adcam UK Limited (Registered number: 03534724)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,415 3,095
Taxation and social security 8,605 7,747
Other creditors 4,429 7,377
20,449 18,219

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 75,872 87,600

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 69,986 73,195

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022 189,475
Revaluation of investment
property 131,554

At 31 March 2023 321,029