Silverfin false false 30/04/2024 01/05/2023 30/04/2024 A I Denford 02/07/2010 M R Denford 02/07/2010 28 January 2025 The principal activity of the Company during the financial year was that of managing properties used as holiday lets. 07302387 2024-04-30 07302387 bus:Director1 2024-04-30 07302387 bus:Director2 2024-04-30 07302387 2023-04-30 07302387 core:CurrentFinancialInstruments 2024-04-30 07302387 core:CurrentFinancialInstruments 2023-04-30 07302387 core:Non-currentFinancialInstruments 2024-04-30 07302387 core:Non-currentFinancialInstruments 2023-04-30 07302387 core:ShareCapital 2024-04-30 07302387 core:ShareCapital 2023-04-30 07302387 core:RetainedEarningsAccumulatedLosses 2024-04-30 07302387 core:RetainedEarningsAccumulatedLosses 2023-04-30 07302387 core:LandBuildings 2023-04-30 07302387 core:FurnitureFittings 2023-04-30 07302387 core:LandBuildings 2024-04-30 07302387 core:FurnitureFittings 2024-04-30 07302387 2023-05-01 2024-04-30 07302387 bus:FilletedAccounts 2023-05-01 2024-04-30 07302387 bus:SmallEntities 2023-05-01 2024-04-30 07302387 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07302387 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07302387 bus:Director1 2023-05-01 2024-04-30 07302387 bus:Director2 2023-05-01 2024-04-30 07302387 core:FurnitureFittings 2023-05-01 2024-04-30 07302387 2022-05-01 2023-04-30 07302387 core:LandBuildings 2023-05-01 2024-04-30 07302387 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 07302387 (England and Wales)

ADB PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

ADB PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

ADB PROPERTIES LIMITED

BALANCE SHEET

As at 30 April 2024
ADB PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 322,976 323,195
322,976 323,195
Current assets
Debtors 4 1,950 1,211
Cash at bank and in hand 1,447 1,487
3,397 2,698
Creditors: amounts falling due within one year 5 ( 204,795) ( 212,532)
Net current liabilities (201,398) (209,834)
Total assets less current liabilities 121,578 113,361
Creditors: amounts falling due after more than one year 6 ( 11,000) ( 17,000)
Net assets 110,578 96,361
Capital and reserves
Called-up share capital 100 100
Profit and loss account 110,478 96,261
Total shareholders' funds 110,578 96,361

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of ADB Properties Limited (registered number: 07302387) were approved and authorised for issue by the Board of Directors on 28 January 2025. They were signed on its behalf by:

M R Denford
Director
ADB PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
ADB PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ADB Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 29 Groveside, Bookham, Leatherhead, Surrey, KT23 4LD.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax and refunds.
The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 May 2023 321,734 4,937 326,671
At 30 April 2024 321,734 4,937 326,671
Accumulated depreciation
At 01 May 2023 0 3,476 3,476
Charge for the financial year 0 219 219
At 30 April 2024 0 3,695 3,695
Net book value
At 30 April 2024 321,734 1,242 322,976
At 30 April 2023 321,734 1,461 323,195

4. Debtors

2024 2023
£ £
Other debtors 1,950 1,211

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 6,000 6,000
Amounts owed to directors 193,932 197,288
Corporation tax 1,262 44
Other taxation and social security 0 663
Other creditors 3,601 8,537
204,795 212,532

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 11,000 17,000

There are no amounts included above in respect of which any security has been given by the small entity.