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REGISTERED NUMBER: 01456575 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 October 2024

for

ADL PROPERTIES LIMITED

ADL PROPERTIES LIMITED (REGISTERED NUMBER: 01456575)






Contents of the Financial Statements
for the year ended 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADL PROPERTIES LIMITED

Company Information
for the year ended 31 OCTOBER 2024







DIRECTORS: M C Gooden
L Gooden





REGISTERED OFFICE: 5 The Westway
Daventry
Northamptonshire
NN11 4ED





REGISTERED NUMBER: 01456575 (England and Wales)





ACCOUNTANTS: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

ADL PROPERTIES LIMITED (REGISTERED NUMBER: 01456575)

Balance Sheet
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18 24
Investment property 5 620,013 590,488
620,031 590,512

CURRENT ASSETS
Debtors 6 1,519 57
Cash at bank 142,328 123,182
143,847 123,239
CREDITORS
Amounts falling due within one year 7 67,316 56,964
NET CURRENT ASSETS 76,531 66,275
TOTAL ASSETS LESS CURRENT LIABILITIES 696,562 656,787

PROVISIONS FOR LIABILITIES 148,067 140,686
NET ASSETS 548,495 516,101

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 445,477 423,334
Retained earnings 102,918 92,667
SHAREHOLDERS' FUNDS 548,495 516,101

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

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

The directors acknowledge their 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.

ADL PROPERTIES LIMITED (REGISTERED NUMBER: 01456575)

Balance Sheet - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





L Gooden - Director


ADL PROPERTIES LIMITED (REGISTERED NUMBER: 01456575)

Notes to the Financial Statements
for the year ended 31 OCTOBER 2024

1. STATUTORY INFORMATION

ADL Properties 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

ADL PROPERTIES LIMITED (REGISTERED NUMBER: 01456575)

Notes to the Financial Statements - continued
for the year ended 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 4,727 650 5,377
DEPRECIATION
At 1 November 2023 4,703 650 5,353
Charge for year 6 - 6
At 31 October 2024 4,709 650 5,359
NET BOOK VALUE
At 31 October 2024 18 - 18
At 31 October 2023 24 - 24

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 590,488
Revaluations 29,525
At 31 October 2024 620,013
NET BOOK VALUE
At 31 October 2024 620,013
At 31 October 2023 590,488

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2015 9,000
Valuation in 2016 9,180
Valuation in 2017 9,364
Valuation in 2018 9,742
Valuation in 2019 8,135
Valuation in 2020 14,857
Valuation in 2021 25,504
Valuation in 2022 26,780
Valuation in 2023 28,118
Valuation in 2024 29,524
Cost 449,809
620,013

ADL PROPERTIES LIMITED (REGISTERED NUMBER: 01456575)

Notes to the Financial Statements - continued
for the year ended 31 OCTOBER 2024

5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 26,468 26,468

Investment properties were valued on a fair value basis on 31 October 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,519 -
Prepayments - 57
1,519 57

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,406 2,455
Other creditors 16,554 18,590
Amounts owed to Assoc Cos 45,440 33,615
Accrued expenses 2,916 2,304
67,316 56,964

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 'A' £1 100 100