Registered number
14366861
ADAMS & CO PROPERTY HOLDINGS LTD
Filleted Accounts
30 September 2023
ADAMS & CO PROPERTY HOLDINGS LTD
Registered number: 14366861
Balance Sheet
as at 30 September 2023
Notes 2023
£
Fixed assets
Tangible assets 3 260,000
Current assets
Cash at bank and in hand 35,304
Creditors: amounts falling due within one year 4 (188)
Net current assets 35,116
Total assets less current liabilities 295,116
Creditors: amounts falling due after more than one year 5 (313,779)
Net liabilities (18,663)
Capital and reserves
Called up share capital 100
Profit and loss account (18,763)
Shareholder's funds (18,663)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Nicholas Adams
Director
Approved by the board on 2 April 2024
ADAMS & CO PROPERTY HOLDINGS LTD
Notes to the Accounts
for the period from 21 September 2022 to 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 0%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 260,000
At 30 September 2023 260,000
Depreciation
At 30 September 2023 -
Net book value
At 30 September 2023 260,000
4 Creditors: amounts falling due within one year 2023
£
Taxation and social security costs 188
5 Creditors: amounts falling due after one year 2023
£
Bank loans 194,603
Other creditors 57,500
Diretors loans 61,676
313,779
6 Other information
ADAMS & CO PROPERTY HOLDINGS LTD is a private company limited by shares and incorporated in England. Its registered office is:
35 Salvin Road
Stamford Bridge
York
YO41 1SD
ADAMS & CO PROPERTY HOLDINGS LTD 14366861 false 2022-09-21 2023-09-30 2023-09-30 VT Final Accounts October 2023 release 2 Mr Nicholas Adams No description of principal activity 14366861 2022-09-21 2023-09-30 14366861 bus:PrivateLimitedCompanyLtd 2022-09-21 2023-09-30 14366861 bus:AuditExemptWithAccountantsReport 2022-09-21 2023-09-30 14366861 bus:Director40 2022-09-21 2023-09-30 14366861 1 2022-09-21 2023-09-30 14366861 2 2022-09-21 2023-09-30 14366861 countries:England 2022-09-21 2023-09-30 14366861 bus:FRS102 2022-09-21 2023-09-30 14366861 bus:FullAccounts 2022-09-21 2023-09-30 14366861 2023-09-30 14366861 core:WithinOneYear 2023-09-30 14366861 core:AfterOneYear 2023-09-30 14366861 core:ShareCapital 2023-09-30 14366861 core:RetainedEarningsAccumulatedLosses 2023-09-30 14366861 2022-09-20 iso4217:GBP xbrli:pure