Registration number:
for the Period from 8 November 2022 to
Adstock Investments Ltd
Contents
Company Information |
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Director's Report |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Adstock Investments Ltd
Company Information
Director |
Mr A Bhailok |
Registered office |
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Adstock Investments Ltd
Director's Report for the Period from 8 November 2022 to 30 April 2024
The director presents his report and the financial statements for the period from 8 November 2022 to 30 April 2024.
Incorporation
The company was incorporated on
Director of the company
The director who held office during the period was as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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Adstock Investments Ltd
Profit and Loss Account for the Period from 8 November 2022 to 30 April 2024
2024 |
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Turnover |
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Gross profit |
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Administrative expenses |
( |
Other operating income |
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Operating profit |
919,415 |
Interest payable and similar expenses |
( |
Profit before tax |
|
Tax on profit |
( |
Profit for the financial period |
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Adstock Investments Ltd
(Registration number: 14469232)
Balance Sheet as at 30 April 2024
Note |
2024 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
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Retained earnings |
163,429 |
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Shareholders' funds |
163,430 |
For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Adstock Investments Ltd
Notes to the Unaudited Financial Statements for the Period from 8 November 2022 to 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable from the rental of property in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investment property
Adstock Investments Ltd
Notes to the Unaudited Financial Statements for the Period from 8 November 2022 to 30 April 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Investment properties |
2024 |
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Additions |
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At 30 April |
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Adstock Investments Ltd
Notes to the Unaudited Financial Statements for the Period from 8 November 2022 to 30 April 2024
Debtors |
Current |
2024 |
Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2024 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
Note |
2024 |
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Due after one year |
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Other loans |
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Amounts due to parent undertaking |
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Loans and borrowings |
Non-current loans and borrowings
2024 |
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Other loans |
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Other loans are unsecured and accrue insterest at £41,666 per month. Other loans are repayable on 21 November 2037.
Adstock Investments Ltd
Detailed Profit and Loss Account for the Period from 8 November 2022 to 30 April 2024
2024 |
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Turnover (analysed below) |
1,016,029 |
Administrative expenses |
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Establishment costs (analysed below) |
(95,169) |
General administrative expenses (analysed below) |
(1,777) |
Finance charges (analysed below) |
(280) |
(97,226) |
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Other operating income (analysed below) |
612 |
Operating profit |
919,415 |
Interest payable and similar expenses (analysed below) |
(708,333) |
Profit before tax |
211,082 |
Adstock Investments Ltd
Detailed Profit and Loss Account for the Period from 8 November 2022 to 30 April 2024
2024 |
Turnover |
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Rental income from investment property |
868,006 |
Insurance recharge |
148,023 |
1,016,029 |
Establishment costs |
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Insurance |
(87,064) |
Repairs and maintenance |
(8,105) |
(95,169) |
General administrative expenses |
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Sundry expenses |
(13) |
Accountancy fees |
(900) |
Consultancy fees |
(864) |
(1,777) |
Finance charges |
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Bank charges |
(280) |
Other operating income |
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Other operating income |
612 |
Interest payable and similar expenses |
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Other loan interest |
(708,333) |