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REGISTERED NUMBER: 10994067 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Ad Property Group Limited

Ad Property Group Limited (Registered number: 10994067)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ad Property Group Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr A T McManus
Mr D J Moxon





REGISTERED OFFICE: Lusteen House 24 Roydsdale Way
Euroway Industrial Estate
Bradford
United Kingdom
BD4 6SE





REGISTERED NUMBER: 10994067 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Ad Property Group Limited (Registered number: 10994067)

Balance Sheet
31 May 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment property 4 792,555 792,555

CURRENT ASSETS
Debtors 5 1,196 2,093
Cash at bank and in hand 54,369 34,987
55,565 37,080
CREDITORS
Amounts falling due within one year 6 649,079 645,313
NET CURRENT LIABILITIES (593,514 ) (608,233 )
TOTAL ASSETS LESS CURRENT LIABILITIES 199,041 184,322

PROVISIONS FOR LIABILITIES 27,162 27,162
NET ASSETS 171,879 157,160

CAPITAL AND RESERVES
Called up share capital 111 111
Retained earnings 171,768 157,049
171,879 157,160

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Property Group Limited (Registered number: 10994067)

Balance Sheet - continued
31 May 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 7 February 2024 and were signed on its behalf by:





Mr A T McManus - Director


Ad Property Group Limited (Registered number: 10994067)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Ad Property Group 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.

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, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Ad Property Group Limited (Registered number: 10994067)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2022
and 31 May 2023 792,555
NET BOOK VALUE
At 31 May 2023 792,555
At 31 May 2022 792,555

Investment property comprises residential properties which have been revalued by the directors at 31 May 2023 to reflect their fair value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 1,196 2,093

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 7,000 3,374
Other creditors 642,079 641,939
649,079 645,313

7. RELATED PARTY DISCLOSURES

Transactions with related parties
During the year the company entered into the following transactions with related
parties:

2023 2022
£    £   
Amounts due to related parties
Other related parties 639,042 639,042