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REGISTERED NUMBER: 09511787 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ADW ENTERPRISES LIMITED

ADW ENTERPRISES LIMITED (REGISTERED NUMBER: 09511787)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ADW ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: A Whitwam





SECRETARY: Mrs N Whitwam





REGISTERED OFFICE: 2a Acomb Court
Acomb
York
North Yorkshire
YO24 3BJ





REGISTERED NUMBER: 09511787 (England and Wales)





ACCOUNTANTS: Smith Wilson Limited
2A Acomb Court
Acomb
York
North Yorkshire
YO24 3BJ

ADW ENTERPRISES LIMITED (REGISTERED NUMBER: 09511787)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 257,665 273,533
Investments 5 652,975 393,780
Investment property 6 2,432,067 2,502,127
3,342,707 3,169,440

CURRENT ASSETS
Debtors 7 5,558,046 2,926,267
Cash at bank and in hand 4,475 1,705,740
5,562,521 4,632,007
CREDITORS
Amounts falling due within one year 8 6,777,540 5,671,446
NET CURRENT LIABILITIES (1,215,019 ) (1,039,439 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,127,688

2,130,001

PROVISIONS FOR LIABILITIES - 8,989
NET ASSETS 2,127,688 2,121,012

CAPITAL AND RESERVES
Called up share capital 9 130 130
Retained earnings 2,127,558 2,120,882
SHAREHOLDERS' FUNDS 2,127,688 2,121,012

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 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.

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 30 November 2023 and were signed by:



A Whitwam - Director


ADW ENTERPRISES LIMITED (REGISTERED NUMBER: 09511787)

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

1. STATUTORY INFORMATION

ADW Enterprises 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 - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

ADW ENTERPRISES LIMITED (REGISTERED NUMBER: 09511787)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 611,294 7,791 156,701 775,786
Additions - 1,490 156,679 158,169
Disposals - - (156,701 ) (156,701 )
At 31 March 2023 611,294 9,281 156,679 777,254
DEPRECIATION
At 1 April 2022 428,930 4,766 68,557 502,253
Charge for year 45,595 1,128 39,170 85,893
Eliminated on disposal - - (68,557 ) (68,557 )
At 31 March 2023 474,525 5,894 39,170 519,589
NET BOOK VALUE
At 31 March 2023 136,769 3,387 117,509 257,665
At 31 March 2022 182,364 3,025 88,144 273,533

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022 393,780
Additions 359,712
Disposals (98,831 )
Share of profit/(loss) (1,686 )
At 31 March 2023 652,975
NET BOOK VALUE
At 31 March 2023 652,975
At 31 March 2022 393,780

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 2,502,127
Additions 150,000
Revaluations (220,060 )
At 31 March 2023 2,432,067
NET BOOK VALUE
At 31 March 2023 2,432,067
At 31 March 2022 2,502,127

ADW ENTERPRISES LIMITED (REGISTERED NUMBER: 09511787)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2018 31,869
Valuation in 2019 35,178
Valuation in 2020 201,037
Valuation in 2021 113,571
Valuation in 2022 81,846
Valuation in 2023 (220,060 )
Cost 2,188,626
2,432,067

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,188,626 2,038,626

the investment properties were valued on an open market basis on 31 March 2023 by McBeath Property Consultancy Limited .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,523,267 2,921,267
Deferred tax asset 34,779 -
Prepayments - 5,000
5,558,046 2,926,267

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 14,390
Tax 49,921 129,978
Social security and other taxes 455 216
Directors' current accounts 6,723,805 5,523,560
Accrued expenses 3,359 3,302
6,777,540 5,671,446

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
130 130

ADW ENTERPRISES LIMITED (REGISTERED NUMBER: 09511787)

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is A Whitwam.