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Registered number: 12547170
Aden Development Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Martax Accountants
Chartered Certified Accountants
Unit 113 Kingspark Business Centre
152 - 178 Kingston Road
New Malden
Surrey
KT3 3ST
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12547170
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 671 -
Investment Properties 5 1,336,644 772,899
1,337,315 772,899
CURRENT ASSETS
Cash at bank and in hand 171,451 10,828
171,451 10,828
Creditors: Amounts Falling Due Within One Year 6 (157,459 ) (158,187 )
NET CURRENT ASSETS (LIABILITIES) 13,992 (147,359 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,351,307 625,540
Creditors: Amounts Falling Due After More Than One Year 7 (1,437,599 ) (676,860 )
NET LIABILITIES (86,292 ) (51,320 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (86,293 ) (51,321 )
SHAREHOLDERS' FUNDS (86,292) (51,320)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alfred Lee
Director
2 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aden Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12547170 . The registered office is Unit 113 Kingspark Business Centre, 152 - 178 Kingston Road, New Malden, Surrey, KT3 3ST.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment over 3 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 -
Additions 1,006
As at 30 April 2024 1,006
Depreciation
As at 1 May 2023 -
Provided during the period 335
As at 30 April 2024 335
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 671
As at 1 May 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 772,899
Additions 563,745
As at 30 April 2024 1,336,644
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 155,638 155,638
Corporation tax (1,479 ) (711 )
Other creditors - 380
Accruals and deferred income 3,300 2,880
157,459 158,187
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 65 -
Directors loan account 1,437,534 676,860
1,437,599 676,860
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4