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REGISTERED NUMBER: 02588056 (England and Wales)















ADAM JAMES SECURITIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ADAM JAMES SECURITIES LIMITED (REGISTERED NUMBER: 02588056)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADAM JAMES SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms C L Kessler
A Elliot





REGISTERED OFFICE: 424 Margate Road
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 02588056 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

ADAM JAMES SECURITIES LIMITED (REGISTERED NUMBER: 02588056)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 10,875 10,875

CURRENT ASSETS
Debtors 5 944 12,312
Cash at bank 39,654 21,515
40,598 33,827
CREDITORS
Amounts falling due within one year 6 (9,874 ) (8,794 )
NET CURRENT ASSETS 30,724 25,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,599

35,908

RESERVES
Freehold reserve 7 10,803 10,803
Other reserves 7 30,796 25,105
41,599 35,908

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

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

ADAM JAMES SECURITIES LIMITED (REGISTERED NUMBER: 02588056)

BALANCE SHEET - continued
31 DECEMBER 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 31 March 2024 and were signed on its behalf by:




Ms C L Kessler - Director



A Elliot - Director


ADAM JAMES SECURITIES LIMITED (REGISTERED NUMBER: 02588056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Adam James Securities Limited is a private company, limited by guarantee , 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
As the company's business consists of the management, on a non-profit making basis, of a block of apartments for the owners, lessees or tenants, the company is not liable to pay corporation tax.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 10,875
NET BOOK VALUE
At 31 December 2023 10,875
At 31 December 2022 10,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Funds held by managing agent - 9,995
Prepayments and accrued income 944 2,317
944 12,312

ADAM JAMES SECURITIES LIMITED (REGISTERED NUMBER: 02588056)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Service charges in advance 9,419 8,357
Accrued expenses 455 437
9,874 8,794

7. RESERVES
Income
and
expenditure Freehold Other
account reserve reserves Totals
£    £    £    £   

At 1 January 2023 - 10,803 25,105 35,908
Surplus for the year - -
Surplus in the year - - 5,691 5,691
At 31 December 2023 - 10,803 30,796 41,599

8. FUNDS HELD BY MANAGING AGENT & CASH AT BANK

Monies held by the managing agent and cash at bank represent service charge monies paid by lessees and are held in trust in a designated bank account, per Section 42 of The Landlord and Tenant Act 1987.