ADOP UK LTD 02943420 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the letting of commercial property. Digita Accounts Production Advanced 6.30.9574.0 true true true 02943420 2023-01-01 2023-12-31 02943420 2023-12-31 02943420 bus:OrdinaryShareClass1 2023-12-31 02943420 core:RetainedEarningsAccumulatedLosses 2023-12-31 02943420 core:ShareCapital 2023-12-31 02943420 core:CurrentFinancialInstruments 2023-12-31 02943420 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02943420 bus:SmallEntities 2023-01-01 2023-12-31 02943420 bus:Audited 2023-01-01 2023-12-31 02943420 bus:FilletedAccounts 2023-01-01 2023-12-31 02943420 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02943420 bus:RegisteredOffice 2023-01-01 2023-12-31 02943420 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 02943420 bus:Director1 2023-01-01 2023-12-31 02943420 bus:Director3 2023-01-01 2023-12-31 02943420 bus:Director4 2023-01-01 2023-12-31 02943420 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 02943420 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02943420 1 2023-01-01 2023-12-31 02943420 countries:EnglandWales 2023-01-01 2023-12-31 02943420 2022-12-31 02943420 2022-01-01 2022-12-31 02943420 2022-12-31 02943420 bus:OrdinaryShareClass1 2022-12-31 02943420 core:RetainedEarningsAccumulatedLosses 2022-12-31 02943420 core:ShareCapital 2022-12-31 02943420 core:CurrentFinancialInstruments 2022-12-31 02943420 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02943420

ADOP UK LTD

Filleted Financial Statements

for the Year Ended 31 December 2023

 

ADOP UK LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

ADOP UK LTD

Company Information

Directors

N Foyster

G Desjonqueres

R A Cole

P Desjonqueres

Company secretary

G Desjonqueres

Registered office

51 Lode Road
Bottisham
Cambridgeshire
CB25 9DJ

Auditors

JA Audit Limited
Statutory Auditor
59 Abbeygate Street
Bury St. Edmunds
Suffolk
IP33 1LB

 

ADOP UK LTD

(Registration number: 02943420)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

200,000

200,000

Current assets

 

Debtors

5

589

541

Cash at bank and in hand

 

22,438

16,667

 

23,027

17,208

Creditors: Amounts falling due within one year

6

(528,487)

(514,265)

Net current liabilities

 

(505,460)

(497,057)

Net liabilities

 

(305,460)

(297,057)

Capital and reserves

 

Called up share capital

7

5,000

5,000

Retained earnings

(310,460)

(302,057)

Shareholders' deficit

 

(305,460)

(297,057)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 September 2024 and signed on its behalf by:
 

.........................................
N Foyster
Director

 

ADOP UK LTD

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
51 Lode Road
Bottisham
Cambridgeshire
CB25 9DJ

These financial statements were authorised for issue by the Board on 15 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At 31 December 2023 the company's current liabilities exceeded its current assets by £505,460 (2022 - £497,057). The company meets its financing requirements through a loan facility provided by its parent company Fadegest SA. At the year end the loan amounted to £525,127 (2022 - £510,265). The directors have received assurances from Fadegest SA that the parent company will continue to provide financial support to ADOP UK Ltd to allow it to meet its liabilities as they fall due and continue to trade.

As such the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future and, therefore, they continue to adopt the going concern basis in preparing the financial statements.

 

ADOP UK LTD

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

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 16 September 2024 was Christopher Kelly FCA, who signed for and on behalf of JA Audit Limited.

.........................................

Revenue recognition

Turnover comprises of rents receivable from the letting of commercial property. Rents are recognised in the period to which the rent relates. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value determined annually by the directors and derived from historic independent professional advice and assessment of the property's income potential. No depreciation is provided. Changes in the fair value are recognised in the statement of income and retained earnings.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Investment properties

2023
£

At 1 January

200,000

At 31 December

200,000

The 2023 valuations were made by the directors, on a fair value basis.

There has been no valuation of investment property by an independent valuer.

 

ADOP UK LTD

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

5

Debtors

Current

2023
£

2022
£

Prepayments

589

541

 

589

541

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

33,084

18,862

Owed to/(from) group undertakings

495,403

495,403

528,487

514,265

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

5,000

5,000

5,000

5,000

       

8

Parent and ultimate parent undertaking

The company's immediate parent is Fadegest SA, incorporated in France.

 The parents's financial statements are available upon request from -
43 Rue Du Theatre
75015 Paris
France