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REGISTERED NUMBER: 09113028 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Adq Limited

Adq Limited (Registered number: 09113028)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adq Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A Quartermaine
Mrs P Sales





SECRETARY: A Quartermaine





REGISTERED OFFICE: 30 Gay Street
Bath
BA1 2PA





REGISTERED NUMBER: 09113028 (England and Wales)





ACCOUNTANTS: Moore
Chartered Accountants
30 Gay Street
Bath
BA1 2PA

Adq Limited (Registered number: 09113028)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50 50

CURRENT ASSETS
Debtors 5 515,873 495,873
Cash at bank 1,958 1,958
517,831 497,831
CREDITORS
Amounts falling due within one year 6 517,306 465,858
NET CURRENT ASSETS 525 31,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

575

32,023

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 475 31,923
SHAREHOLDERS' FUNDS 575 32,023

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

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

Adq Limited (Registered number: 09113028)

Balance Sheet - continued
31 July 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 23 April 2024 and were signed on its behalf by:





A Quartermaine - Director


Adq Limited (Registered number: 09113028)

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

1. STATUTORY INFORMATION

Adq 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.

Investments in associates
Investments in associate undertakings are recognised at cost.

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 ) .

Adq Limited (Registered number: 09113028)

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

4. FIXED ASSET INVESTMENTS
Interest
in
associate
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 50
NET BOOK VALUE
At 31 July 2023 50
At 31 July 2022 50

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed by group undertakings 515,873 495,873

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 517,306 465,858

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

Adq Limited (Registered number: 09113028)

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

8. RELATED PARTY DISCLOSURES

Hoskins Developments Limited

Included in debtors is £515,873 (2022: £495,873) owed to the company by Hoskins Developments Limited, a company Adq Ltd has 50% share holding in.

During the year, management charges of £Nil (2022: £32,373) were invoiced to Hoskins Developments Limited.

Transactions with Directors

During the year dividends of £51,000 (2022: £100,000) were paid to Mr A Quartermaine and Mrs P Sales, directors of the company,

Included in creditors is £515,620 (2022: £464,620) owed to Mr A Quartermaine and Mrs P Sales. This balance is unsecured, interest free and will not be repaid to the detriment of the company.