Registered number
NI653049
Adair Homes Ltd
Unaudited Filleted Accounts
31 March 2024
Adair Homes Ltd
Registered number: NI653049
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,000 1,000
Net assets 1,000 1,000
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account - -
Shareholder's funds 1,000 1,000
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G Adair
Director
Approved by the board on 30 September 2024
Adair Homes Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Consolidation
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Cash flow statement
The director has taken advantage of the exemption in FRS 102 from including a cash flow statement in the financial statements on the grounds that the company is small.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 1,000
At 31 March 2024 1,000
The company owns 100% of the issued share capital of the following companies:-
Country of Class of
registration/ shares Capital and Profit for
Company incorporation held reserves the year
Property Zoo Ltd N Ireland Ordinary 3,578,328 56,201
Under the provisions of the Companies Act 2006, the company is exempt from preparing consolidated accounts and has not done so. Therefore, these accounts show information about the company as an individual entity.
4 Related party transactions
Adair Homes Ltd acquired 100% of the issued share capital of Property Zoo Ltd on 28 September 2018.
Mr G Adair is the majority shareholder in Adair Homes Ltd. As a result, Property Zoo Ltd was under the ultimate control of Mr G Adair throughout the current year.
5 Other information
Adair Homes Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
42 Old Belfast Road
Saintfield
County Down
BT24 7DG
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