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REGISTERED NUMBER: 12682775 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Adeptus Capital Ltd

Adeptus Capital Ltd (Registered number: 12682775)






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


Adeptus Capital Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R E C Wilson
Mrs L I Wilson





REGISTERED OFFICE: 207 Leicester Road
Ibstock
Leicestershire
DE67 6HP





REGISTERED NUMBER: 12682775 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Adeptus Capital Ltd (Registered number: 12682775)

Balance Sheet
31 December 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,135,634 418,167
Investment property 5 1,643,529 1,575,516
2,779,163 1,993,683

CURRENT ASSETS
Debtors 6 365,673 611,330
Cash at bank 1,189,248 882,133
1,554,921 1,493,463
CREDITORS
Amounts falling due within one year 7 4,254,211 3,423,961
NET CURRENT LIABILITIES (2,699,290 ) (1,930,498 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,873

63,185

PROVISIONS FOR LIABILITIES 46,000 46,000
NET ASSETS 33,873 17,185

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 32,873 16,185
33,873 17,185

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 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.

Adeptus Capital Ltd (Registered number: 12682775)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2024 and were signed on its behalf by:





R E C Wilson - Director


Adeptus Capital Ltd (Registered number: 12682775)

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

1. STATUTORY INFORMATION

Adeptus Capital Ltd 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Adeptus Capital Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents sales of services and rental income. Turnover is recognised in the period in which the services are provided and the period to which the rent relates.

Investment property
Investment property is not depreciated but is revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 118,167 300,000 418,167
Additions 717,467 - 717,467
At 31 December 2023 835,634 300,000 1,135,634
NET BOOK VALUE
At 31 December 2023 835,634 300,000 1,135,634
At 31 December 2022 118,167 300,000 418,167

Adeptus Capital Ltd (Registered number: 12682775)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,575,516
Additions 68,013
At 31 December 2023 1,643,529
NET BOOK VALUE
At 31 December 2023 1,643,529
At 31 December 2022 1,575,516

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 1,643,529

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
as restated
£    £   
Cost 1,643,529 1,575,516
Aggregate depreciation (32,871 ) -

Investment property was valued on a fair value basis on 31 December 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 9,984 -
Amounts owed by group undertakings 269,365 -
Amounts owed by related companies - 500,000
Other debtors 70,534 99,248
Prepayments 15,790 12,082
365,673 611,330

Adeptus Capital Ltd (Registered number: 12682775)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 886 19,133
Amounts owed to group undertakings 105,324 118,167
Tax 13,574 15,485
Social security and other taxes 1,693 -
Other creditors 14,694 -
Directors' loan accounts 4,100,000 3,250,000
Accrued expenses 18,040 21,176
4,254,211 3,423,961