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REGISTERED NUMBER: 08611354 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Adjack Developments Ltd

Adjack Developments Ltd (Registered number: 08611354)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Adjack Developments Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr A Swarbrick





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 08611354 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Adjack Developments Ltd (Registered number: 08611354)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 86
Investment property 5 1,238,041 776,854
1,238,042 776,940

CURRENT ASSETS
Debtors 6 6,422,228 2,096,978
Investments 7 145,247 69,750
Cash at bank 16,056,241 761,983
22,623,716 2,928,711
CREDITORS
Amounts falling due within one year 8 147,619 313,746
NET CURRENT ASSETS 22,476,097 2,614,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,714,139

3,391,905

CREDITORS
Amounts falling due after more than one
year

9

(10,833

)

(20,584

)

PROVISIONS FOR LIABILITIES (40,993 ) (10,888 )
NET ASSETS 23,662,313 3,360,433

CAPITAL AND RESERVES
Called up share capital 13 13
Fair value reserve 11 174,761 46,420
Retained earnings 23,487,539 3,314,000
SHAREHOLDERS' FUNDS 23,662,313 3,360,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Adjack Developments Ltd (Registered number: 08611354)

Statement of Financial Position - continued
30 April 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 17 January 2025 and were signed by:





Mr A Swarbrick - Director


Adjack Developments Ltd (Registered number: 08611354)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Adjack Developments Ltd 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial assets
The classification of financial assets depends on the purpose for which the assets were acquired.

Management determines the classification of an asset at initial recognition and re-evaluates the designation at each reporting date. Financial assets include rights pertaining to earn out arrangements on fixed asset investment disposals entered into at the reporting date.

Financial assets are initially recognised at transaction price when the company becomes party to contractual obligations and where appropriate are amended to reflect the net present value of receipts based on the dates they will be received.

3. EMPLOYEES AND DIRECTORS

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

Adjack Developments Ltd (Registered number: 08611354)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 86
Disposals (85 )
At 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 86

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 776,854
Additions/improvements 302,741
Fair value adjustment 158,446
At 30 April 2024 1,238,041
NET BOOK VALUE
At 30 April 2024 1,238,041
At 30 April 2023 776,854

Investment property is included at fair value and is reviewed each year.

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 5,913 1,525,126
Other debtors 1,814,503 571,852
1,820,416 2,096,978

Amounts falling due after more than one year:
Other debtors 4,601,812 -

Aggregate amounts 6,422,228 2,096,978

Adjack Developments Ltd (Registered number: 08611354)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
£    £   
Investments 145,247 69,750

Current asset investments are included at fair value and is reviewed each year.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2 1
Amounts owed to group undertakings 1,340 113,533
Taxation and social security 11,715 1,531
Other creditors 124,562 188,681
147,619 313,746

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,833 20,584

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 20,833 30,584

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Starling Bank.

11. RESERVES
Fair
value
reserve
£   
At 1 May 2023 46,420
Fair value adjustments 128,341

At 30 April 2024 174,761

Adjack Developments Ltd (Registered number: 08611354)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


12. RELATED PARTY DISCLOSURES

At the year end the company was owed £5,925 from Contact T/a Contact Solar Ltd, a subsidiary company. (£2023: £113,533) owed to Contact T/a Contact Solar Ltd

At the year end the company was owed £1,340 (2023: £1,525,126) from Teriyaki Ltd, a subsidiary company.

All the balances owed to or from related parties are interest free and repayable on demand.