REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 October 2023 |
for |
AD UK Design & Build Ltd |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
Net assets |
Capital and reserves |
Called up share capital | 10 |
Retained earnings | 11 |
Shareholders' funds |
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 |
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 |
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 |
3. | Accounting policies |
Basis of preparing the financial statements |
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 |
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 |
Net book value |
At 31 October 2023 |
At 31 October 2022 |
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 |
7. | Creditors: amounts falling due within one year |
31.10.23 | 31.10.22 |
£ | £ |
Taxation and social security |
Other creditors |
8. | Creditors: amounts falling due after more than one year |
31.10.23 | 31.10.22 |
£ | £ |
Other creditors |
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: | £ | £ |
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 |
Profit for the year |
At 31 October 2023 |
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: |
31.10.23 | 31.10.22 |
£ | £ |
Balance brought forward | (47,937 | ) | - |
Monies advanced to the company | (87,522 | ) | (47,937 | ) |
Monies repaid by the company | 113,667 | - |
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: |
31.10.23 | 31.10.22 |
£ | £ |
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: |
31.10.23 | 31.10.22 |
£ | £ |
Balance brought forward | - | - |
Expenses paid on behalf of Aurum and Aurum Limited | 5,831 | - |
Balance carried forward | 5,831 | - |
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. |