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Company No: 04162221 (England and Wales)

ADARAE CONSULTING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ADARAE CONSULTING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ADARAE CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
ADARAE CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 368 368
368 368
Current assets
Cash at bank and in hand 101 101
101 101
Creditors: amounts falling due within one year 4 ( 25,412) ( 25,412)
Net current liabilities (25,311) (25,311)
Total assets less current liabilities (24,943) (24,943)
Net liabilities ( 24,943) ( 24,943)
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account ( 24,944 ) ( 24,944 )
Total shareholder's deficit ( 24,943) ( 24,943)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Adarae Consulting Limited (registered number: 04162221) were approved and authorised for issue by the Board of Directors on 14 October 2024. They were signed on its behalf by:

Andrew Allan Dawson
Director
ADARAE CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ADARAE CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Adarae Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1-3 College Yard, Worcester, WR1 2LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2023 1,102 1,102
At 31 March 2024 1,102 1,102
Accumulated depreciation
At 01 April 2023 734 734
At 31 March 2024 734 734
Net book value
At 31 March 2024 368 368
At 31 March 2023 368 368

4. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 2,398 2,398
Other creditors 23,014 23,014
25,412 25,412

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1