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REGISTERED NUMBER: 04088101 (England and Wales)












ADELPHI FUNDING LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






ADELPHI FUNDING LIMITED (REGISTERED NUMBER: 04088101)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADELPHI FUNDING LIMITED

Company Information
for the Year Ended 31 March 2024







Directors: A G Biddle
G Jesson





Registered office: 55 Upper Tilehouse Street
Hitchin
Hertfordshire
SG5 2EF





Registered number: 04088101 (England and Wales)





Accountants: Outsource-FD Limited t/a eFM
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

ADELPHI FUNDING LIMITED (REGISTERED NUMBER: 04088101)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Investments 4 6,167,360 6,167,360
Investment property 5 1,563,674 1,453,674
7,731,034 7,621,034

Current assets
Debtors 6 1,815,000 2,035,000
Cash at bank 141,277 140,466
1,956,277 2,175,466
Creditors
Amounts falling due within one year 7 36,833 98,035
Net current assets 1,919,444 2,077,431
Total assets less current liabilities 9,650,478 9,698,465

Creditors
Amounts falling due after more than one year 8 2,733,000 2,867,000
Net assets 6,917,478 6,831,465

Capital and reserves
Called up share capital 9 900,000 900,000
Share premium 4,554,000 4,554,000
Retained earnings 1,463,478 1,377,465
Shareholders' funds 6,917,478 6,831,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ADELPHI FUNDING LIMITED (REGISTERED NUMBER: 04088101)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





A G Biddle - Director


ADELPHI FUNDING LIMITED (REGISTERED NUMBER: 04088101)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Adelphi Funding 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.

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.

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
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

ADELPHI FUNDING LIMITED (REGISTERED NUMBER: 04088101)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Fixed asset investments
Listed
investments
£   
Cost
At 1 April 2023
and 31 March 2024 6,167,360
Net book value
At 31 March 2024 6,167,360
At 31 March 2023 6,167,360

5. Investment property
Total
£   
Fair value
At 1 April 2023 1,453,674
Additions 110,000
At 31 March 2024 1,563,674
Net book value
At 31 March 2024 1,563,674
At 31 March 2023 1,453,674

6. Debtors
31/3/24 31/3/23
£    £   
Amounts falling due within one year:
Trade debtors 115,000 335,000

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,700,000 1,700,000

Aggregate amounts 1,815,000 2,035,000

7. Creditors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Tax 18,833 -
Other creditors - 98,035
Accrued expenses 18,000 -
36,833 98,035

8. Creditors: amounts falling due after more than one year
31/3/24 31/3/23
£    £   
Other creditors 2,733,000 2,867,000

ADELPHI FUNDING LIMITED (REGISTERED NUMBER: 04088101)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
900,000 Ordinary Shares 1 900,000 900,000