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REGISTERED NUMBER: 13656889 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

AD UK Design & Build Ltd

AD UK Design & Build Ltd (Registered number: 13656889)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AD UK Design & Build Ltd

Company Information
for the Year Ended 31 October 2023







Director: H Karaki





Registered office: 27 Old Gloucester Street,
London,
WC1N 3AX





Registered number: 13656889 (England and Wales)





Accountants: Benjamin Taylor Diner Limited
120 New Cavendish Street,
London
W1W 6XX

AD UK Design & Build Ltd (Registered number: 13656889)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
Fixed assets
Investment property 5 311,911 311,911

Current assets
Debtors 6 6,694 343
Cash at bank 1,833 7,697
8,527 8,040
Creditors
Amounts falling due within one year 7 (72,843 ) (93,773 )
Net current liabilities (64,316 ) (85,733 )
Total assets less current liabilities 247,595 226,178

Creditors
Amounts falling due after more than one
year

8

(224,315

)

(224,315

)
Net assets 23,280 1,863

Capital and reserves
Called up share capital 10 1 1
Retained earnings 11 23,279 1,862
Shareholders' funds 23,280 1,863

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AD UK Design & Build Ltd (Registered number: 13656889)

Balance Sheet - continued
31 October 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 director and authorised for issue on 31 July 2024 and were signed by:





H Karaki - Director


AD UK Design & Build Ltd (Registered number: 13656889)

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


1. Statutory information

The Company is a private company limited by shares, incorporated in England and Wales. Its registered office is 27, Old Gloucester Street, London, WC1N 3AX.

The company's principal business activity during the period was that of the letting of property and building refurbishment works.

2. Statement of compliance

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

3. Accounting policies

Basis of preparing the financial statements
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 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.

4. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

AD UK Design & Build Ltd (Registered number: 13656889)

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


5. Investment property
Total
£   
Fair value
At 1 November 2022
and 31 October 2023 311,911
Net book value
At 31 October 2023 311,911
At 31 October 2022 311,911

The company purchased Flat 3, Cheshunt House, Mortimer Crescent, London in August 2022 at a cost of £311,911. The directors consider there to be no material change in this properties fair value.

6. Debtors: amounts falling due within one year
31.10.23 31.10.22
£    £   
Other debtors 6,694 343

7. Creditors: amounts falling due within one year
31.10.23 31.10.22
£    £   
Taxation and social security 5,460 437
Other creditors 67,383 93,336
72,843 93,773

8. Creditors: amounts falling due after more than one year
31.10.23 31.10.22
£    £   
Other creditors 224,315 224,315

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 224,315 224,315

The company has a £224,315 interest only loan with Landbay Partners Limited. This is an interest only mortgage and has a term of 25 years from 1 August 2022.

This loan is secured over the company's investment property.

9. Loans

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Other loans more 5yrs instal 224,315 224,315

AD UK Design & Build Ltd (Registered number: 13656889)

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


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1 1 1

Called-up share capital represents the nominal value of shares that have been issued.

11. Reserves
Retained
earnings
£   

At 1 November 2022 1,862
Profit for the year 21,417
At 31 October 2023 23,279

The retained earnings reserve records retained earnings and accumulated losses.

12. Director's advances, credits and guarantees

During the period the company had the following transactions with the director, H.Karaki:

31.10.2331.10.22
££

Balance brought forward(47,937)-
Monies advanced to the company(87,522)(47,937)
Monies repaid by the company113,667-
Balance carried forward(21,792)(47,937)

The above loan is unsecured, interest free and repayable on demand.

AD UK Design & Build Ltd (Registered number: 13656889)

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


13. Related party disclosures

Amber Residential Property Limited

During the year the company had the following transactions with the Amber Residential Property Limited, a company under common control:

31.10.2331.10.22
££

Balance brought forward(43,000)-
Monies advanced to the company(490)(43,000)
Balance carried forward(43,490)(43,000)

Aurum and Aurum Limited

During the year the company had the following transactions with Aurum and Aurum Limited, a company under common control:

31.10.2331.10.22
££

Balance brought forward--
Expenses paid on behalf of Aurum and Aurum Limited5,831-
Balance carried forward5,831-

The above loan is unsecured, interest free and repayable on demand.



The above loan is unsecured, interest free and repayable on demand.

14. Ultimate controlling party

During the year the company was under the control of Mr Hani Karaki by virtue of his ownership of the entire issued share capital of the company.