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REGISTERED NUMBER: 14615764 (England and Wales)













Financial Statements

for the Period

25 January 2023 to 31 December 2023

for

Adira Investment Services Limited

Adira Investment Services Limited (Registered number: 14615764)






Contents of the Financial Statements
for the Period 25 January 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Adira Investment Services Limited

Company Information
for the Period 25 January 2023 to 31 December 2023







DIRECTORS: R M Abrams
W G Allport
M E Gower





REGISTERED OFFICE: 3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX





REGISTERED NUMBER: 14615764 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Adira Investment Services Limited (Registered number: 14615764)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 4,016
Investments 5 160,000
164,016

CURRENT ASSETS
Debtors 6 423,148
Cash at bank 336,207
759,355
CREDITORS
Amounts falling due within one year 7 903,387
NET CURRENT LIABILITIES (144,032 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,984

PROVISIONS FOR LIABILITIES 750
NET ASSETS 19,234

CAPITAL AND RESERVES
Called up share capital 8 10
Retained earnings 19,224
SHAREHOLDERS' FUNDS 19,234

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 12 September 2024 and were signed on its behalf by:





M E Gower - Director


Adira Investment Services Limited (Registered number: 14615764)

Notes to the Financial Statements
for the Period 25 January 2023 to 31 December 2023

1. STATUTORY INFORMATION

Adira Investment Services 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 on page 1.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

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.

Turnover
Turnover 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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Adira Investment Services Limited (Registered number: 14615764)

Notes to the Financial Statements - continued
for the Period 25 January 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 2,157 2,153 4,310
At 31 December 2023 2,157 2,153 4,310
DEPRECIATION
Charge for period 180 114 294
At 31 December 2023 180 114 294
NET BOOK VALUE
At 31 December 2023 1,977 2,039 4,016

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 160,000
At 31 December 2023 160,000
NET BOOK VALUE
At 31 December 2023 160,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 35,200
VAT 28,561
Prepayments and accrued income 359,387
423,148

Adira Investment Services Limited (Registered number: 14615764)

Notes to the Financial Statements - continued
for the Period 25 January 2023 to 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 79,497
Social security and other taxes 26,634
Other creditors 704,908
Directors' current accounts 81,279
Accrued expenses 11,069
903,387

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1,000 Ordinary £0.01 10

1,000 Ordinary shares of £0.01 each were allotted and fully paid for cash at par during the period.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Shawcross (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited