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REGISTERED NUMBER: 13956929 (England and Wales)














ADELAIDEJASE DEVELOPMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ADELAIDEJASE DEVELOPMENTS LTD (REGISTERED NUMBER: 13956929)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ADELAIDEJASE DEVELOPMENTS LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: J P Simms





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 13956929 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

ADELAIDEJASE DEVELOPMENTS LTD (REGISTERED NUMBER: 13956929)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 625,000 -

CURRENT ASSETS
Stocks - 213,868
Cash at bank 4 76,802
4 290,670
CREDITORS
Amounts falling due within one year 6 416,723 291,433
NET CURRENT LIABILITIES (416,719 ) (763 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,281

(763

)

PROVISIONS FOR LIABILITIES 51,618 -
NET ASSETS/(LIABILITIES) 156,663 (763 )

CAPITAL AND RESERVES
Called up, paid and allotted share capital 102 102
Non-distributable reserves 7 154,854 -
Retained earnings 7 1,707 (865 )
SHAREHOLDERS' FUNDS 156,663 (763 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ADELAIDEJASE DEVELOPMENTS LTD (REGISTERED NUMBER: 13956929)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2024


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 director and authorised for issue on 27 December 2024 and were signed by:





J P Simms - Director


ADELAIDEJASE DEVELOPMENTS LTD (REGISTERED NUMBER: 13956929)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Adelaidejase Developments 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ADELAIDEJASE DEVELOPMENTS LTD (REGISTERED NUMBER: 13956929)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 206,472
Reclassification/transfer 418,528
At 31 March 2024 625,000
NET BOOK VALUE
At 31 March 2024 625,000

Investment property was valued on an open market basis on 31 March 2024 by the director.

If investment property had not been revalued it would have been included at historical cost totalling £418,528.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 401 -
Other creditors 416,322 291,433
416,723 291,433

7. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 April 2023 (865 ) - (865 )
Profit for the year 157,426 157,426
Trf of revaluation gain/loss (154,854 ) 154,854 -
At 31 March 2024 1,707 154,854 156,561

8. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, loans were provided to the company in aggregate of £124,021. At the year end, the director was owed £414,734.