IRIS Accounts Production v23.3.0.418 09583409 Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095834092022-05-31095834092023-05-31095834092022-06-012023-05-31095834092021-05-31095834092021-06-012022-05-31095834092022-05-3109583409ns10:Originalns15:EnglandWales2022-06-012023-05-3109583409ns14:PoundSterlingns10:Original2022-06-012023-05-3109583409ns10:Originalns10:Director12022-06-012023-05-3109583409ns10:Original2022-06-012023-05-3109583409ns10:Originalns10:Director22022-06-012023-05-3109583409ns10:Original2023-05-3109583409ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3109583409ns10:Originalns10:SmallEntities2022-06-012023-05-3109583409ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3109583409ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3109583409ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3109583409ns10:Originalns10:FullAccounts2022-06-012023-05-3109583409ns10:CompanySecretary1ns10:Original2022-06-012023-05-3109583409ns10:Originalns10:RegisteredOffice2022-06-012023-05-3109583409ns10:Original2022-05-3109583409ns10:Originalns5:CurrentFinancialInstruments2023-05-3109583409ns10:Originalns5:CurrentFinancialInstruments2022-05-3109583409ns5:ShareCapitalns10:Original2023-05-3109583409ns5:ShareCapitalns10:Original2022-05-3109583409ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3109583409ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-05-3109583409ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3109583409ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3109583409ns10:Originalns5:ComputerEquipment2022-06-012023-05-3109583409ns10:Original2021-06-012022-05-3109583409ns10:Originalns5:ComputerEquipment2022-05-3109583409ns10:Originalns5:ComputerEquipment2023-05-3109583409ns10:Originalns5:ComputerEquipment2022-05-3109583409ns10:Original2022-05-3109583409ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3109583409ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3109583409ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-05-31
REGISTERED NUMBER: 09583409 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

ADELIE PROPERTIES LTD

ADELIE PROPERTIES LTD (REGISTERED NUMBER: 09583409)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADELIE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: P.J. Austin, Esq.
Mrs J Austin





SECRETARY: Mrs J Austin





REGISTERED OFFICE: 15a Station Road
Epping
Essex
CM16 4HG





REGISTERED NUMBER: 09583409 (England and Wales)





ACCOUNTANTS: Cobbin Floyd Ltd
Chartered Accountants
15a Station Road
Epping
Essex
CM16 4HG

ADELIE PROPERTIES LTD (REGISTERED NUMBER: 09583409)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2 2
Investment property 5 547,000 547,000
547,002 547,002

CURRENT ASSETS
Debtors 6 470 123
Cash at bank 43,278 68,920
43,748 69,043
CREDITORS
Amounts falling due within one year 7 (306,655 ) (331,325 )
NET CURRENT LIABILITIES (262,907 ) (262,282 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,095

284,720

CAPITAL AND RESERVES
Called up share capital 450 450
Fair value reserve 8 280,667 280,667
Retained earnings 2,978 3,603
SHAREHOLDERS' FUNDS 284,095 284,720

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

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

ADELIE PROPERTIES LTD (REGISTERED NUMBER: 09583409)

BALANCE SHEET - continued
31ST 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 9th January 2024 and were signed on its behalf by:




Mrs J Austin - Director



P.J. Austin, Esq. - Director


ADELIE PROPERTIES LTD (REGISTERED NUMBER: 09583409)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

Adelie Properties 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 as modified by the revaluation of certain assets.

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.
Office equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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.

3. EMPLOYEES AND DIRECTORS

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

ADELIE PROPERTIES LTD (REGISTERED NUMBER: 09583409)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st June 2022
and 31st May 2023 994
DEPRECIATION
At 1st June 2022
and 31st May 2023 992
NET BOOK VALUE
At 31st May 2023 2
At 31st May 2022 2

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2022
and 31st May 2023 547,000
NET BOOK VALUE
At 31st May 2023 547,000
At 31st May 2022 547,000

Fair value at 31st May 2023 is represented by:
£   
Valuation in 2018 63,000
Valuation in 2020 52,000
Valuation in 2021 47,000
Valuation in 2022 60,000
Cost 325,000
547,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 470 123

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax payable 323 1,246
Director's loan account 302,906 328,555
Accruals and sundry creditors 3,426 1,524
306,655 331,325

ADELIE PROPERTIES LTD (REGISTERED NUMBER: 09583409)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

8. RESERVES
Fair
value
reserve
£   
At 1st June 2022
and 31st May 2023 280,667