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REGISTERED NUMBER: 11367217 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ADELPHI (KENYON LANE) DEVELOPMENTS LTD

ADELPHI (KENYON LANE) DEVELOPMENTS LTD (REGISTERED NUMBER: 11367217)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADELPHI (KENYON LANE) DEVELOPMENTS LTD

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTORS: Mr G P Underhill
Mrs E C Underhill
Mr R A Hutchinson





REGISTERED OFFICE: Reedham House
31-33 King Street West
Manchester
Lancashire
M3 2PN





REGISTERED NUMBER: 11367217 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

ADELPHI (KENYON LANE) DEVELOPMENTS LTD (REGISTERED NUMBER: 11367217)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,600,000 1,135,272

CURRENT ASSETS
Debtors 5 293 293
Cash at bank 87 -
380 293
CREDITORS
Amounts falling due within one year 6 (1,598,538 ) (1,485,823 )
NET CURRENT LIABILITIES (1,598,158 ) (1,485,530 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,842

(350,258

)

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 1,839 (350,261 )
SHAREHOLDERS' FUNDS 1,842 (350,258 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th February 2025 and were signed on its behalf by:





Mrs E C Underhill - Director


ADELPHI (KENYON LANE) DEVELOPMENTS LTD (REGISTERED NUMBER: 11367217)

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


1. STATUTORY INFORMATION

Adelphi (Kenyon Lane) Developments Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11367217. The address of the registered office and princple place of business is Reedham House, 31-33 King Street West, Manchester, M3 2PN.

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.

The concept of going concern is an underlying assumption in the production of financial statements. As there are considerable net liabilities there is a question mark over going concern. Although there is no formal agreement in place the directors have indicated they will continue to provide financial support to the company for at least the next 12 months.

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.

Trade and other debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade and other creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 1,135,272
Additions 19,979
Revaluations 444,749
At 31st March 2024 1,600,000
NET BOOK VALUE
At 31st March 2024 1,600,000
At 31st March 2023 1,135,272

ADELPHI (KENYON LANE) DEVELOPMENTS LTD (REGISTERED NUMBER: 11367217)

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


4. INVESTMENT PROPERTY - continued

Fair value at 31st March 2024 is represented by:
£   

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 1,135,272
Additions 19,979
Revaluations 444,749
1,600,000

CLIENT SCREEN TOTAL = -


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 293 293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 406,632 463,426
Trade creditors 207,818 221,150
Other creditors 984,088 801,247
1,598,538 1,485,823

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 406,632 463,426

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1.00 2 2

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1.00 1 1