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REGISTERED NUMBER: 11451621 (England and Wales)














Unaudited Financial Statements

for the Period 1 July 2023 to 31 July 2024

for

ADE Tax Limited

ADE Tax Limited (Registered number: 11451621)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADE Tax Limited

Company Information
for the Period 1 July 2023 to 31 July 2024







DIRECTOR: MA Bevington





SECRETARY: Mrs C Hampshire





REGISTERED OFFICE: 4-6 Throgmorton Avenue
London
EC2N 2DL





REGISTERED NUMBER: 11451621 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

ADE Tax Limited (Registered number: 11451621)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 4,164
Investments 5 - 120,016
- 124,180

CURRENT ASSETS
Debtors 6 222,004 118,194
Cash at bank 20,692 403
242,696 118,597
CREDITORS
Amounts falling due within one year 7 241,253 197,492
NET CURRENT ASSETS/(LIABILITIES) 1,443 (78,895 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,443

45,285

PROVISIONS FOR LIABILITIES - 1,041
NET ASSETS 1,443 44,244

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,442 44,243
SHAREHOLDERS' FUNDS 1,443 44,244

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

ADE Tax Limited (Registered number: 11451621)

Balance Sheet - continued
31 July 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 21 March 2025 and were signed by:





MA Bevington - Director


ADE Tax Limited (Registered number: 11451621)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 July 2024

1. STATUTORY INFORMATION

ADE Tax Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned parent within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

Taxation
Taxation for the period 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 period 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.

ADE Tax Limited (Registered number: 11451621)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 July 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company's financial statements for the period ended 31 July 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 31 July 2024 10,528 2,170 12,698
DEPRECIATION
At 1 July 2023 6,419 2,115 8,534
Charge for period 4,109 55 4,164
At 31 July 2024 10,528 2,170 12,698
NET BOOK VALUE
At 31 July 2024 - - -
At 30 June 2023 4,109 55 4,164

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 July 2023 120,016
Disposals (220,056 )
Share of profit/(loss) 596,040
Drawings (496,000 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 30 June 2023 120,016

ADE Tax Limited (Registered number: 11451621)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 104,646 116,926
Other debtors 117,358 1,268
222,004 118,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,694 3,084
Taxation and social security 232,059 190,777
Other creditors 3,500 3,631
241,253 197,492

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2024 and the year ended 30 June 2023:

2024 2023
£    £   
MA Bevington
Balance outstanding at start of period 643 134,478
Amounts advanced - 2,695
Amounts repaid (156 ) (2,052 )
Amounts written off - -
Amounts waived - (134,478 )
Balance outstanding at end of period 487 643

Interest amounting to £nil (2023: £2,695) has been charged to the director's current account in respect of this overdrawn balance.

9. ULTIMATE PARENT COMPANY

The company is a subsidiary of ADE Holdings Limited, a company registered in England and Wales.

Registered Office4-6 Throgmorton Avenue
London
United Kingdom
EC2N 2DL