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Registered number: 10501950
Adroit Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
The Entrepreneurs Accountant (Ripple) Limited
ACCA
Kimberley
Northwick Road
Mark
Somerset
TA9 4PQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10501950
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 539,451 220,383
539,451 220,383
CURRENT ASSETS
Debtors 5 1,078 578
Cash at bank and in hand 4,087 8,207
5,165 8,785
Creditors: Amounts Falling Due Within One Year 6 (204,544 ) (72,405 )
NET CURRENT ASSETS (LIABILITIES) (199,379 ) (63,620 )
TOTAL ASSETS LESS CURRENT LIABILITIES 340,072 156,763
Creditors: Amounts Falling Due After More Than One Year 7 (341,250 ) (96,228 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (17,100 ) (17,100 )
NET (LIABILITIES)/ASSETS (18,278 ) 43,435
CAPITAL AND RESERVES
Called up share capital 8 10 10
Revaluation reserve 9 72,900 72,900
Profit and Loss Account (91,188 ) (29,475 )
SHAREHOLDERS' FUNDS (18,278) 43,435
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Geetha Murugesan
Director
30 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Adroit Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10501950 . The registered office is 77 Dover House Road, London, SW15 5AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Fixtures & Fittings 4 years straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 220,000 2,813 222,813
Additions 318,970 300 319,270
As at 30 November 2023 538,970 3,113 542,083
Depreciation
As at 1 December 2022 - 2,430 2,430
Provided during the period - 202 202
As at 30 November 2023 - 2,632 2,632
Net Book Value
As at 30 November 2023 538,970 481 539,451
As at 1 December 2022 220,000 383 220,383
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Anandham Holdings LLP 500 -
Deferred tax current asset 578 578
1,078 578
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 600 600
Directors' loan accounts 203,944 71,805
204,544 72,405
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 341,250 96,228
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
9. Reserves
Revaluation Reserve
£
As at 1 December 2022 72,900
As at 30 November 2023 72,900
Page 4