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REGISTERED NUMBER: 13263843 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AD77 LIMITED

AD77 LIMITED (REGISTERED NUMBER: 13263843)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AD77 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P T Atkinson
J Dickinson





REGISTERED OFFICE: Portrack Grange Road
Stockton On Tees
TS18 2PF





REGISTERED NUMBER: 13263843 (England and Wales)





ACCOUNTANTS: Baines Jewitt Limited
Chartered Accountants
Spitfire House
19 Falcon Court
Preston Farm Ind. Est.
Stockton-on-Tees
TS18 3TU

AD77 LIMITED (REGISTERED NUMBER: 13263843)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,101,946 2,101,946

CURRENT ASSETS
Cash at bank 1,855 2,095

CREDITORS
Amounts falling due within one year 666,887 501,444
NET CURRENT LIABILITIES (665,032 ) (499,349 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,436,914

1,602,597

CREDITORS
Amounts falling due after more than one
year

-

165,443
NET ASSETS 1,436,914 1,437,154

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 1,415,724 1,415,724
Retained earnings 11,190 11,430
SHAREHOLDERS' FUNDS 1,436,914 1,437,154

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.

AD77 LIMITED (REGISTERED NUMBER: 13263843)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 September 2024 and were signed on its behalf by:




P T Atkinson - Director



J Dickinson - Director


AD77 LIMITED (REGISTERED NUMBER: 13263843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

AD77 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 (2022 - 2 ) .

AD77 LIMITED (REGISTERED NUMBER: 13263843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£
COST
At 1 January 2023
and 31 December 2023 2,101,946
NET BOOK VALUE
At 31 December 2023 2,101,946
At 31 December 2022 2,101,946

The investment represents a 100% holding of the Ordinary shares of Teesside Industrial Controls Limited.

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£ £
P T Atkinson
Balance outstanding at start of year - 1,614
Amounts advanced - 81,936
Amounts repaid - (83,550 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J Dickinson
Balance outstanding at start of year (115 ) 679
Amounts advanced - 81,936
Amounts repaid - (82,730 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (115 ) (115 )