COMPANY REGISTRATION NUMBER:
10727864
Adelphe Properties Limited |
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Filleted Unaudited Abridged Financial Statements |
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Adelphe Properties Limited |
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
Adelphe Properties Limited |
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Year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Adelphe Properties Limited for the year ended 30 April 2023, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Adelphe Properties Limited, as a body, in accordance with the terms of our engagement letter dated 9 October 2017. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Adelphe Properties Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adelphe Properties Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Adelphe Properties Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Adelphe Properties Limited. You consider that Adelphe Properties Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of Adelphe Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.
CRAWLEY & CO
Chartered Accountants
163 Holland Street
Denton
Manchester
M343GE
23 February 2024
Adelphe Properties Limited |
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Abridged Statement of Financial Position |
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30 April 2023
Fixed assets
Tangible assets |
5 |
461,378 |
461,817 |
|
|
|
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Current assets
Debtors |
9,006 |
5,852 |
Cash at bank and in hand |
5,246 |
9,483 |
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-------- |
-------- |
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14,252 |
15,335 |
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|
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Creditors: amounts falling due within one year |
537,331 |
531,847 |
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--------- |
--------- |
Net current liabilities |
523,079 |
516,512 |
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--------- |
--------- |
Total assets less current liabilities |
(
61,701) |
(
54,695) |
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-------- |
-------- |
Net liabilities |
(
61,701) |
(
54,695) |
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-------- |
-------- |
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|
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Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
(
61,801) |
(
54,795) |
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-------- |
-------- |
Shareholders deficit |
(
61,701) |
(
54,695) |
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-------- |
-------- |
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the 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 members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Adelphe Properties Limited |
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Abridged Statement of Financial Position (continued) |
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30 April 2023
These abridged financial statements were approved by the
board of directors
and authorised for issue on
23 February 2024
, and are signed on behalf of the board by:
Company registration number:
10727864
Adelphe Properties Limited |
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Notes to the Abridged Financial Statements |
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Year ended 30 April 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Lancaster Avenue, Sefton Park, Liverpool, Merseyside, L17 3AY, England.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Computer equipment |
- |
33% straight line |
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Furniture and fittings |
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15% reducing balance |
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4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2022:
4
).
5.
Tangible assets
|
£ |
Cost |
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At 1 May 2022 and 30 April 2023 |
469,267 |
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--------- |
Depreciation |
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At 1 May 2022 |
7,450 |
Charge for the year |
439 |
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--------- |
At 30 April 2023 |
7,889 |
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--------- |
Carrying amount |
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At 30 April 2023 |
461,378 |
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--------- |
At 30 April 2022 |
461,817 |
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--------- |
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6.
Related party transactions
The company is controlled by
A L Brady
by virtue of her controlling interest.