Addaptive Group Holdings Limited 12805360 true 2022-08-31 2023-08-29 2023-08-29 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true Mr Jason Mawer Philip Michael Rogers false true 12805360 2022-08-31 2023-08-29 12805360 2023-08-29 12805360 core:ShareCapital 2023-08-29 12805360 core:CurrentFinancialInstruments 2023-08-29 12805360 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-29 12805360 core:AdditionsToInvestments 2023-08-29 12805360 bus:FRS102 2022-08-31 2023-08-29 12805360 bus:AuditExempt-NoAccountantsReport 2022-08-31 2023-08-29 12805360 bus:FullAccounts 2022-08-31 2023-08-29 12805360 bus:RegisteredOffice 2022-08-31 2023-08-29 12805360 bus:Director1 2022-08-31 2023-08-29 12805360 bus:Director3 2022-08-31 2023-08-29 12805360 bus:EntityHasNeverTraded 2022-08-31 2023-08-29 12805360 bus:PrivateLimitedCompanyLtd 2022-08-31 2023-08-29 12805360 countries:UnitedKingdom 2022-08-31 2023-08-29 12805360 2021-09-01 2022-08-30 12805360 2022-08-30 12805360 core:ShareCapital 2022-08-30 12805360 core:CurrentFinancialInstruments 2022-08-30 12805360 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-30 iso4217:GBP xbrli:pure

Registration number: 12805360

Addaptive Group Holdings Limited

Annual Report and Unaudited Financial Statements

for the Period from 31 August 2022 to 29 August 2023

 

Addaptive Group Holdings Limited

(Registration number: 12805360)
Balance Sheet as at 29 August 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

3

510

-

Current assets

 

Debtors

4

72

200

Creditors: Amounts falling due within one year

5

(382)

-

Net current (liabilities)/assets

 

(310)

200

Net assets

 

200

200

Capital and reserves

 

Called up share capital

6

200

200

Shareholders' funds

 

200

200

For the financial period ending 29 August 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 25 October 2024 and signed on its behalf by:
 

.........................................
Mr Jason Mawer
Director

 

Addaptive Group Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 31 August 2022 to 29 August 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW
United Kingdom

These financial statements were authorised for issue by the Board on 25 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Addaptive Group Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 31 August 2022 to 29 August 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Investments

2023
£

2022
£

Investments in subsidiaries

510

-

Subsidiaries

£

Cost or valuation

Additions

510

Provision

Carrying amount

At 29 August 2023

510

4

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

-

200

Other debtors

 

72

-

   

72

200

 

Addaptive Group Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 31 August 2022 to 29 August 2023

5

Creditors

Note

2023
£

2022
£

Due within one year

 

Amounts due to related parties

382

-

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

200

200

200

200

       

7

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2022 - 1).