Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3112023-06-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03197417 2023-06-01 2024-05-31 03197417 2022-06-01 2023-05-31 03197417 2024-05-31 03197417 2023-05-31 03197417 c:Director1 2023-06-01 2024-05-31 03197417 d:PlantMachinery 2023-06-01 2024-05-31 03197417 d:PlantMachinery 2024-05-31 03197417 d:PlantMachinery 2023-05-31 03197417 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03197417 d:FreeholdInvestmentProperty 2024-05-31 03197417 d:FreeholdInvestmentProperty 2023-05-31 03197417 d:CurrentFinancialInstruments 2024-05-31 03197417 d:CurrentFinancialInstruments 2023-05-31 03197417 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 03197417 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03197417 d:ShareCapital 2024-05-31 03197417 d:ShareCapital 2023-05-31 03197417 d:InvestmentPropertiesRevaluationReserve 2024-05-31 03197417 d:InvestmentPropertiesRevaluationReserve 2023-05-31 03197417 d:RetainedEarningsAccumulatedLosses 2024-05-31 03197417 d:RetainedEarningsAccumulatedLosses 2023-05-31 03197417 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 03197417 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 03197417 c:OrdinaryShareClass1 2023-06-01 2024-05-31 03197417 c:OrdinaryShareClass1 2024-05-31 03197417 c:OrdinaryShareClass1 2023-05-31 03197417 c:FRS102 2023-06-01 2024-05-31 03197417 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03197417 c:FullAccounts 2023-06-01 2024-05-31 03197417 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03197417 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03197417









ADERA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
ADERA LIMITED
REGISTERED NUMBER: 03197417

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,012
2,681

Investment property
 5 
700,000
700,000

  
702,012
702,681

Current assets
  

Debtors: amounts falling due within one year
 6 
183,500
-

Cash at bank and in hand
 7 
21,636
183,915

  
205,136
183,915

Creditors: amounts falling due within one year
 8 
(9,294)
(14,236)

Net current assets
  
 
 
195,842
 
 
169,679

Total assets less current liabilities
  
897,854
872,360

Provisions for liabilities
  

Deferred tax
 9 
(64,588)
(64,588)

  
 
 
(64,588)
 
 
(64,588)

Net assets
  
833,266
807,772


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Investment property reserve
  
330,769
330,769

Profit and loss account
  
501,497
476,003

  
833,266
807,772


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
ADERA LIMITED
REGISTERED NUMBER: 03197417
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dursun Nalbant
Director

Date: 26 February 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ADERA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Adera Limited is a private company limited by share capital, incorporated in England and Wales, registration number 03197417. The address of the registered office is 291 Green Lanes, London N13 4XS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Rental income
Rental income from investment properties is recognised on a straight-line basis over the term of the lease. The revenue recognition commences when the tenant take possession or controls the physical use of the lease space.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ADERA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the Director 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. Changes in fair value are recognised in profit or loss.

Page 4

 
ADERA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
ADERA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost 


At 1 June 2023
24,739



At 31 May 2024

24,739



Depreciation


At 1 June 2023
22,057


Charge for the year on owned assets
670



At 31 May 2024

22,727



Net book value



At 31 May 2024
2,012



At 31 May 2023
2,681


5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
700,000



At 31 May 2024
700,000

The 2023 valuations were made by the Director, on a fair value basis.




Page 6

 
ADERA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Other debtors
183,500
-

183,500
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
21,636
183,915

21,636
183,915



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
960
176

Corporation tax
6,882
12,508

Other creditors
452
452

Accruals and deferred income
1,000
1,100

9,294
14,236



9.


Deferred taxation




2024


£






At beginning of year
(64,588)



At end of year
(64,588)

Page 7

 
ADERA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movements on investment properties
(64,588)
(64,588)

(64,588)
(64,588)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



11.


Related party transactions

During the year rent was charged to a business operated by an immediate family member of £9,600 (2023: £9,600) No rent was oustanding at the year end. 
Included within other debtors due within less than 1 year is a loan amount of £183,500 (2023: £nil) due from a company under common control. The loan is unsecured, free of interest and repayable on demand. 

 
Page 8