ADA Property Investments Ltd 11759801 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is the letting of real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 11759801 2023-02-01 2024-01-31 11759801 2024-01-31 11759801 core:OtherReservesSubtotal 2024-01-31 11759801 core:RetainedEarningsAccumulatedLosses 2024-01-31 11759801 core:ShareCapital 2024-01-31 11759801 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11759801 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 11759801 bus:SmallEntities 2023-02-01 2024-01-31 11759801 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11759801 bus:FullAccounts 2023-02-01 2024-01-31 11759801 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11759801 bus:RegisteredOffice 2023-02-01 2024-01-31 11759801 bus:Director1 2023-02-01 2024-01-31 11759801 bus:Director2 2023-02-01 2024-01-31 11759801 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11759801 core:FurnitureFittings 2023-02-01 2024-01-31 11759801 core:PlantMachinery 2023-02-01 2024-01-31 11759801 countries:EnglandWales 2023-02-01 2024-01-31 11759801 2023-01-31 11759801 2022-02-01 2023-01-31 11759801 2023-01-31 11759801 core:OtherReservesSubtotal 2023-01-31 11759801 core:RetainedEarningsAccumulatedLosses 2023-01-31 11759801 core:ShareCapital 2023-01-31 11759801 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11759801 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 11759801

ADA Property Investments Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

ADA Property Investments Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

ADA Property Investments Ltd

(Registration number: 11759801)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,600

7,205

Investment property

957,000

949,792

 

961,600

956,997

Current assets

 

Debtors

-

10,818

Cash at bank and in hand

 

12,806

15,749

 

12,806

26,567

Creditors: Amounts falling due within one year

(778,143)

(791,836)

Net current liabilities

 

(765,337)

(765,269)

Total assets less current liabilities

 

196,263

191,728

Creditors: Amounts falling due after more than one year

5

(186,546)

(186,546)

Provisions for liabilities

3,190

5,357

Net assets

 

12,907

10,539

Capital and reserves

 

Called up share capital

360

360

Other reserves

6,658

2,147

Profit and loss account

5,889

8,032

Total equity

 

12,907

10,539

 

ADA Property Investments Ltd

(Registration number: 11759801)
Abridged Balance Sheet as at 31 January 2024

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

The members have not required the company to obtain an audit of its accounts for the year 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

Mr MJ Andrews

Director

Mrs S Andrews

Director

 

ADA Property Investments Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

The principal place of business is:
Middlewood Farm
Sarn Road
Threapwood
Malpas
Cheshire
SY14 7AW

These financial statements were authorised for issue by the Board on 31 October 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 31 January 2024, an amount is owed to the directors, who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

 

ADA Property Investments Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% Straight line

Plant and machinery

25% Straight line

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

ADA Property Investments Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Total
£

Cost or valuation

At 1 February 2023

19,040

Additions

991

At 31 January 2024

20,031

Depreciation

At 1 February 2023

11,835

Charge for the year

3,596

At 31 January 2024

15,431

Carrying amount

At 31 January 2024

4,600

At 31 January 2023

7,205

Investment properties

2024
£

At 1 February

949,792

Additions

1,194

Fair value adjustments

6,014

At 31 January

957,000

There has been no valuation of investment property by an independent valuer.

5

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £186,546 (2023 - £186,546).