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REGISTERED NUMBER: 07619959 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

A. D. B. (MALVERN) LIMITED

A. D. B. (MALVERN) LIMITED (REGISTERED NUMBER: 07619959)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


A. D. B. (MALVERN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: H Kaveh Baghbadrani





REGISTERED OFFICE: 253 Wells Road
Malvern
Worcestershire
WR14 4JF





REGISTERED NUMBER: 07619959 (England and Wales)





ACCOUNTANTS: BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

A. D. B. (MALVERN) LIMITED (REGISTERED NUMBER: 07619959)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Investment property 4 340,000 420,000

CURRENT ASSETS
Debtors 11,136 24,300
Cash at bank 1,045 1,112
12,181 25,412
CREDITORS
Amounts falling due within one year (205,429 ) (212,182 )
NET CURRENT LIABILITIES (193,248 ) (186,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,752

233,230

CREDITORS
Amounts falling due after more than
one year

5

(159,741

)

(164,463

)

PROVISIONS FOR LIABILITIES - (13,889 )
NET (LIABILITIES)/ASSETS (12,989 ) 54,878

CAPITAL AND RESERVES
Called up share capital 7 2 2
Non-distributable reserve 8 - 59,211
Retained earnings (12,991 ) (4,335 )
SHAREHOLDERS' FUNDS (12,989 ) 54,878

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

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

A. D. B. (MALVERN) LIMITED (REGISTERED NUMBER: 07619959)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 August 2024 and were signed by:





H Kaveh Baghbadrani - Director


A. D. B. (MALVERN) LIMITED (REGISTERED NUMBER: 07619959)

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

1. STATUTORY INFORMATION

A. D. B. (Malvern) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Going concern
The company had net current liabilities at the year-end. The director has considered the working capital needs of the company for a period of greater than twelve months from the date of approval of these financial statements. The director concludes that he will be able to generate sufficient working capital funding through the support of himself and other companies that he controls to enable this company to operate as a going concern. As a result the director considers it appropriate to prepare these financial statements on the going concern basis of accounting.

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.

An amount equal to any upwards revaluation, net of the associated provision for deferred taxation, is transferred to a non-distributable reserve.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

A. D. B. (MALVERN) LIMITED (REGISTERED NUMBER: 07619959)

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

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 420,000
Revaluations (80,000 )
At 31 August 2023 340,000
NET BOOK VALUE
At 31 August 2023 340,000
At 31 August 2022 420,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2016 3,100
Valuation in 2020 70,000
Valuation in 2023 (80,000 )
Cost 346,900
340,000

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.8.23 31.8.22
£    £   
Repayable by instalments
Bank loans 144,669 149,391

6. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 163,509 168,231

The bank loan is secured against a debenture over the company's assets and a charge over the company's freehold property.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2 Ordinary £1 2 2

A. D. B. (MALVERN) LIMITED (REGISTERED NUMBER: 07619959)

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

8. RESERVES
Non-distributable
reserve
£   
At 1 September 2022 59,211
Transfer to non-distributable reserve (59,211 )

At 31 August 2023 -

9. RELATED PARTY DISCLOSURES

Abbey College in Malvern Limited
Company under common control
H Kaveh Baghbadrani, director of the company, is also a director of Abbey College in Malvern Limited. This company has received working capital funding from the related party. At the year end the company owed £117,802 (2022: £117,802) to the related party, which is shown in 'other creditors' in the balance sheet. This debt is unsecured; no terms of interest or repayment have been agreed.

Crystalight Limited
Company under common control
H Kaveh Baghbadrani, director of the company, is also a director and shareholder of Crystalight Limited. This company has received working capital funding from the related party. At the year end the company owed £79,116 (2022: £85,911) to the related party, which is shown in 'other creditors' in the balance sheet. This debt is unsecured; no terms of interest or repayment have been agreed.

Watin Limited
Company under common control
H Kaveh Baghbadrani, director of the company, is also a director of Watin Limited. This company has provided working capital funding to the related party, which was repaid in full during the year. At the year end the company was owed £nil (2022: £22,500) by the related party.