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REGISTERED NUMBER: 11319710 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Adfix Properties Limited

Adfix Properties Limited (Registered number: 11319710)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adfix Properties Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P Hazell
E Hazell
G M Hazell





SECRETARY:





REGISTERED OFFICE: 650 Anlaby Road
Kingston Upon Hull
East Yorkshire
United Kingdom
HU3 6UU





REGISTERED NUMBER: 11319710 (England and Wales)





ACCOUNTANTS: Andrew Cooper & Company
Chartered Accountants
650 Anlaby Road
Kingston upon Hull
East Yorkshire
HU3 6UU

Adfix Properties Limited (Registered number: 11319710)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,843 24,874
Investment property 5 1,175,221 1,175,221
1,206,064 1,200,095

CURRENT ASSETS
Debtors 6 62,347 61,091
Cash at bank and in hand 23,224 69,291
85,571 130,382
CREDITORS
Amounts falling due within one year 7 1,237,560 974,028
NET CURRENT LIABILITIES (1,151,989 ) (843,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,075

356,449

CREDITORS
Amounts falling due after more than one
year

8

-

300,000
NET ASSETS 54,075 56,449

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,975 56,349
SHAREHOLDERS' FUNDS 54,075 56,449

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Adfix Properties Limited (Registered number: 11319710)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





P Hazell - Director


Adfix Properties Limited (Registered number: 11319710)

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

1. STATUTORY INFORMATION

Adfix Properties 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.

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.
Plant and machinery etc - 10% on cost

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 3 (2023 - 3 ) .

Adfix Properties Limited (Registered number: 11319710)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 31,966
Additions 9,167
At 30 June 2024 41,133
DEPRECIATION
At 1 July 2023 7,092
Charge for year 3,198
At 30 June 2024 10,290
NET BOOK VALUE
At 30 June 2024 30,843
At 30 June 2023 24,874

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,175,221
NET BOOK VALUE
At 30 June 2024 1,175,221
At 30 June 2023 1,175,221

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 62,347 61,091

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 17,861 16,976
Amounts owed to group undertakings 1,060,473 926,934
Taxation and social security 2,236 5,978
Other creditors 156,990 24,140
1,237,560 974,028

Adfix Properties Limited (Registered number: 11319710)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors - 300,000

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Hazell & GM Hazell.