IRIS Accounts Production v24.3.0.553 12991710 Board of Directors 1.12.23 30.11.24 30.11.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129917102023-11-30129917102024-11-30129917102023-12-012024-11-30129917102022-11-30129917102022-12-012023-11-30129917102023-11-3012991710ns15:EnglandWales2023-12-012024-11-3012991710ns14:PoundSterling2023-12-012024-11-3012991710ns10:Director12023-12-012024-11-3012991710ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3012991710ns10:SmallEntities2023-12-012024-11-3012991710ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3012991710ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3012991710ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3012991710ns10:FullAccounts2023-12-012024-11-3012991710ns10:Director22023-12-012024-11-3012991710ns10:RegisteredOffice2023-12-012024-11-3012991710ns5:CurrentFinancialInstruments2024-11-3012991710ns5:CurrentFinancialInstruments2023-11-3012991710ns5:Non-currentFinancialInstruments2024-11-3012991710ns5:Non-currentFinancialInstruments2023-11-3012991710ns5:ShareCapital2024-11-3012991710ns5:ShareCapital2023-11-3012991710ns5:RetainedEarningsAccumulatedLosses2024-11-3012991710ns5:RetainedEarningsAccumulatedLosses2023-11-3012991710ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-11-3012991710ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-30
REGISTERED NUMBER: 12991710 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Adare Homes Ltd

Adare Homes Ltd (Registered number: 12991710)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Adare Homes Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mrs T Neville
S M Neville





REGISTERED OFFICE: c/o ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 12991710 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Adare Homes Ltd (Registered number: 12991710)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 347,272 331,452

CURRENT ASSETS
Cash at bank 3,817 5,273

CREDITORS
Amounts falling due within one year 5 150,226 237,526
NET CURRENT LIABILITIES (146,409 ) (232,253 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,863

99,199

CREDITORS
Amounts falling due after more than one
year

6

223,635

123,430
NET LIABILITIES (22,772 ) (24,231 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (22,773 ) (24,232 )
(22,772 ) (24,231 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:



Mrs T Neville - Director


Adare Homes Ltd (Registered number: 12991710)

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

1. STATUTORY INFORMATION

Adare Homes 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

Adare Homes Ltd (Registered number: 12991710)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 331,452
Additions 15,820
At 30 November 2024 347,272
NET BOOK VALUE
At 30 November 2024 347,272
At 30 November 2023 331,452

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Directors' current accounts 149,626 236,926
Accrued expenses 600 600
150,226 237,526

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Mortgages 223,635 123,430

Amounts falling due in more than five years:

Repayable by instalments
Mortgages 223,635 123,430

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the director. At the year end the company owed £149,626 to the director (2023 £236,926).