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REGISTERED NUMBER: 10979939 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

A. D. J. Web Properties Ltd

A. D. J. Web Properties Ltd (Registered number: 10979939)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


A. D. J. Web Properties Ltd (Registered number: 10979939)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,048 8,065
Investment property 5 359,615 290,000
365,663 298,065

CURRENT ASSETS
Cash at bank 3,106 -

CREDITORS
Amounts falling due within one year 6 92,926 187,611
NET CURRENT LIABILITIES (89,820 ) (187,611 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,843

110,454

CREDITORS
Amounts falling due after more than one year 7 (170,300 ) (7,843 )

PROVISIONS FOR LIABILITIES (27,230 ) (27,230 )
NET ASSETS 78,313 75,381

CAPITAL AND RESERVES
Allotted, called up and fully paid share capital 50 50
Revaluation reserve 9 100,263 100,263
Retained earnings (22,000 ) (24,932 )
78,313 75,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 20 September 2024 and were signed by:





Mr J D Webster - Director


A. D. J. Web Properties Ltd (Registered number: 10979939)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

A. D. J. Web Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10979939

Registered office: 5 Priestfield Avenue
Middlesbrough
Cleveland
TS3 0EL

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.

Turnover
Rents received is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2022 - 1 ) .

A. D. J. Web Properties Ltd (Registered number: 10979939)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 26,044
DEPRECIATION
At 1 October 2022 17,979
Charge for year 2,017
At 30 September 2023 19,996
NET BOOK VALUE
At 30 September 2023 6,048
At 30 September 2022 8,065

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 290,000
Additions 69,615
At 30 September 2023 359,615
NET BOOK VALUE
At 30 September 2023 359,615
At 30 September 2022 290,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2020 76,782
Valuation in 2021 47,000
Cost 235,833
359,615

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 166,218 -

The valuations were carried out by the Director who, whilst not a qualified surveyor, does have many years experience in the property sector.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 1,176 95,423
Taxation and social security (17 ) (17 )
Other creditors 91,767 92,205
92,926 187,611

A. D. J. Web Properties Ltd (Registered number: 10979939)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 170,300 7,843

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 171,476 102,376

Bank loans are secured by means of fixed and floating charges against the companys investment properties.

Hire purchase agreements are secured against the assets to which they relate.

9. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 100,263