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REGISTERED NUMBER: 12447433 (England and Wales)















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023

FOR

AD AND CARM LTD

AD AND CARM LTD (Registered number: 12447433)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 MARCH 2022 TO 31 MARCH 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


AD AND CARM LTD

COMPANY INFORMATION
for the Period 1 MARCH 2022 TO 31 MARCH 2023







DIRECTORS: A. Ademuyiwa
Miss C. Goodwin





REGISTERED OFFICE: 22, Falkland Park Avenue,
Norwood,
London
SE25 6SH





REGISTERED NUMBER: 12447433 (England and Wales)





ACCOUNTANTS: Bennett & Co
The Annexe
Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR

AD AND CARM LTD (Registered number: 12447433)

REPORT OF THE DIRECTORS
for the Period 1 MARCH 2022 TO 31 MARCH 2023

The directors present their report with the financial statements of the company for the period 1 March 2022 to 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of Property Developers.

DIVIDENDS
No dividends will be distributed for the period ended 31 March 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2022 to the date of this report.

A. Ademuyiwa
Miss C. Goodwin

ON BEHALF OF THE BOARD:





A. Ademuyiwa - Director


21 December 2023

AD AND CARM LTD (Registered number: 12447433)

INCOME STATEMENT
for the Period 1 MARCH 2022 TO 31 MARCH 2023

Period
1.3.22
to Year Ended
31.3.23 28.2.22
Notes £    £   

TURNOVER 14,853 14,725

Administrative expenses 8,087 7,652
OPERATING PROFIT 6,766 7,073


Interest payable and similar expenses 7,618 4,944
(LOSS)/PROFIT BEFORE TAXATION (852 ) 2,129

Tax on (loss)/profit 4 205 382
(LOSS)/PROFIT FOR THE FINANCIAL
PERIOD

(1,057

)

1,747

AD AND CARM LTD (Registered number: 12447433)

BALANCE SHEET
31 MARCH 2023

31.3.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 290,196 290,196

CURRENT ASSETS
Cash at bank and in hand 5,326 9,653

CREDITORS
Amounts falling due within one year 6 87,808 91,078
NET CURRENT LIABILITIES (82,482 ) (81,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,714

208,771

CREDITORS
Amounts falling due after more than one
year

7

206,232

206,232
NET ASSETS 1,482 2,539

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 1,480 2,537
SHAREHOLDERS' FUNDS 1,482 2,539

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

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

AD AND CARM LTD (Registered number: 12447433)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by:




A. Ademuyiwa - Director



Miss C. Goodwin - Director


AD AND CARM LTD (Registered number: 12447433)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 MARCH 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

AD AND CARM LTD 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.

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.

Taxation
Taxation for the period 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 period 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 period was NIL (2022 - 1 ).

AD AND CARM LTD (Registered number: 12447433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 MARCH 2022 TO 31 MARCH 2023

4. TAXATION

Analysis of the tax charge
The tax charge on the loss for the period was as follows:
Period
1.3.22
to Year Ended
31.3.23 28.2.22
£    £   
Current tax:
UK corporation tax - 400
in respect of previous years 205 (18 )

Tax on (loss)/profit 205 382

UK corporation tax has been charged at 19% (2022 - 19%).

5. TANGIBLE FIXED ASSETS
Freehold
Property
£   
COST
At 1 March 2022
and 31 March 2023 290,196
NET BOOK VALUE
At 31 March 2023 290,196
At 28 February 2022 290,196

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 28.2.22
£    £   
Corporation Tax - 400
Directors Loan Account 86,293 89,943
Accrued Expenses 1,515 735
87,808 91,078

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 28.2.22
£    £   
Bank loans (see note 8) 206,232 206,232

Amounts falling due in more than five years:

Repayable by instalments
Bank loan more than 5 Years 206,232 206,232

AD AND CARM LTD (Registered number: 12447433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 MARCH 2022 TO 31 MARCH 2023

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 28.2.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loan more than 5 Years 206,232 206,232

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 March 2022 2,537
Deficit for the period (1,057 )
At 31 March 2023 1,480