ADAM & ADAM PROPERTIES LTD

Company Registration Number:
10813776 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

ADAM & ADAM PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

ADAM & ADAM PROPERTIES LTD

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 95,977 69,972
Investments: 4 10,979,498 10,859,630
Total fixed assets: 11,075,475 10,929,602
Current assets
Debtors:   287,202 295
Cash at bank and in hand: 49,913 10,495
Total current assets: 337,115 10,790
Creditors: amounts falling due within one year: 5 (396,733) (147,309)
Net current assets (liabilities): (59,618) (136,519)
Total assets less current liabilities: 11,015,857 10,793,083
Creditors: amounts falling due after more than one year: 6 (10,638,323) (10,591,035)
Total net assets (liabilities): 377,534 202,048
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 377,434 201,948
Shareholders funds: 377,534 202,048

The notes form part of these financial statements

ADAM & ADAM PROPERTIES LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 April 2025
and signed on behalf of the board by:

Name: M Wahid
Status: Director

The notes form part of these financial statements

ADAM & ADAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery over 10 years

Other accounting policies

Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

ADAM & ADAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

ADAM & ADAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 139,947
Additions 40,000
At 30 June 2024 179,947
Depreciation
At 01 July 2023 69,975
Charge for year 13,995
At 30 June 2024 83,970
Net book value
At 30 June 2024 95,977
At 30 June 2023 69,972

ADAM & ADAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Fixed investments

Cost at 1st July 2023 £10,859,630 Additions £119,868 At 30 June 2024 £10,979,498 The investment properties have not been valued, the director consider that the stated cost of acquisition is the fair value of the investment properties and their revaluation at the year end will be insignificant.

ADAM & ADAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

Accruals and deferred income £9,733 Trade creditors £103,466 Taxation and social security costs £144,711 Other creditors £138,823

ADAM & ADAM PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due after more than one year note

Bank loans £2,136,062 Amounts owed to group undertakings and undertakings in which the company has a participating interest £3,520,521 Other creditors £4,981,740