Registered Number:11849976 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
Admirals Place Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Admirals Place Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
216,910
216,910
2
144,250
124,204
3
341,114
361,160
154,842
154,842
4
Trade and other receivables |
-
698
5
2,756
Cash and cash equivalents |
7,670
163,210
157,598
Trade and other payables: amounts falling due within one |
year |
(380,851)
(388,722)
6
(223,253)
(225,512)
Net current liabilities
Total assets less current liabilities |
115,602
137,907
Trade and other payables: amounts falling due after more |
than one year |
(141,400)
(139,716)
7
(24,114)
Net liabilities
(3,493)
(24,114)
(3,493)
(24,114)
(3,493)
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 04 July 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
Admirals Place Limited
Notes to the Financial Statements
Statutory Information
Admirals Place Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 11849976. |
Principal place of business: |
Arcadia
Higher Erith Road
Torquay
Devon
TQ1 2NQ
3A Laburnum Row
Torquay
Devon
England
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than leasehold property, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Land and Buildings 0% Straight LinePlant and Machinery 25% Reducing Balance |
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be seperately identified or quantified. |
2 of 4
For the year ended 31 December 2023
Admirals Place Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
216,910
216,910
216,910
216,910
3. Investments held as fixed assets |
Loans to Group and participating interests |
144,250
144,250
(20,046)
(20,046)
124,204
124,204
124,204
124,204
144,250
144,250
2022
2023
154,842
154,842
5. Trade and other receivables |
2022
2023
698
-
3 of 4
For the year ended 31 December 2023
Admirals Place Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
5,887
-
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
225,357
226,857
157,478
153,994
388,722
380,851
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
-
141,400
Bank loans and overdraft (secured) |
139,716
-
139,716
141,400
8. Related party transactions |
The company was under the control of Mr J Dorman during this year.
9. Average number of persons employed |
During the year the average number of employees was 1
4 of 4