Silverfin false 30/04/2023 01/05/2022 30/04/2023 A I Denford 02/07/2010 M R Denford 02/07/2010 18 January 2024 The principal activity of the Company during the financial year was that of managing properties used as holiday lets. 07302387 2023-04-30 07302387 bus:Director1 2023-04-30 07302387 bus:Director2 2023-04-30 07302387 2022-04-30 07302387 core:CurrentFinancialInstruments 2023-04-30 07302387 core:CurrentFinancialInstruments 2022-04-30 07302387 core:Non-currentFinancialInstruments 2023-04-30 07302387 core:Non-currentFinancialInstruments 2022-04-30 07302387 core:ShareCapital 2023-04-30 07302387 core:ShareCapital 2022-04-30 07302387 core:RetainedEarningsAccumulatedLosses 2023-04-30 07302387 core:RetainedEarningsAccumulatedLosses 2022-04-30 07302387 core:LandBuildings 2022-04-30 07302387 core:FurnitureFittings 2022-04-30 07302387 core:LandBuildings 2023-04-30 07302387 core:FurnitureFittings 2023-04-30 07302387 2022-05-01 2023-04-30 07302387 bus:FullAccounts 2022-05-01 2023-04-30 07302387 bus:SmallEntities 2022-05-01 2023-04-30 07302387 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 07302387 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 07302387 bus:Director1 2022-05-01 2023-04-30 07302387 bus:Director2 2022-05-01 2023-04-30 07302387 core:FurnitureFittings 2022-05-01 2023-04-30 07302387 2021-05-01 2022-04-30 07302387 core:LandBuildings 2022-05-01 2023-04-30 07302387 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 07302387 (England and Wales)

ADB PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

ADB PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

ADB PROPERTIES LIMITED

BALANCE SHEET

As at 30 April 2023
ADB PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 323,195 323,453
323,195 323,453
Current assets
Debtors 4 1,211 1,315
Cash at bank and in hand 1,487 12,806
2,698 14,121
Creditors: amounts falling due within one year 5 ( 210,532) ( 227,370)
Net current liabilities (207,834) (213,249)
Total assets less current liabilities 115,361 110,204
Creditors: amounts falling due after more than one year 6 ( 17,000) ( 23,000)
Net assets 98,361 87,204
Capital and reserves
Called-up share capital 100 100
Profit and loss account 98,261 87,104
Total shareholders' funds 98,361 87,204

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of ADB Properties Limited (registered number: 07302387) were approved and authorised for issue by the Board of Directors on 18 January 2024. They were signed on its behalf by:

M R Denford
Director
ADB PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
ADB PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ADB Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 29 Groveside, Bookham, Leatherhead, Surrey, KT23 4LD.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax and refunds.
The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 May 2022 321,734 4,937 326,671
At 30 April 2023 321,734 4,937 326,671
Accumulated depreciation
At 01 May 2022 0 3,218 3,218
Charge for the financial year 0 258 258
At 30 April 2023 0 3,476 3,476
Net book value
At 30 April 2023 321,734 1,461 323,195
At 30 April 2022 321,734 1,719 323,453

4. Debtors

2023 2022
£ £
Other debtors 1,211 1,315

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 6,000 6,000
Amounts owed to directors 195,288 216,114
Corporation tax 44 0
Other taxation and social security 663 531
Other creditors 8,537 4,725
210,532 227,370

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 17,000 23,000

There are no amounts included above in respect of which any security has been given by the small entity.