Adam Elliotts Properties Limited 14996424 false 2023-07-11 2024-07-31 2024-07-31 The principal activity of the company is investing in residential and commercial properties. Digita Accounts Production Advanced 6.30.9574.0 true 14996424 2023-07-11 2024-07-31 14996424 2024-07-31 14996424 bus:OrdinaryShareClass1 2024-07-31 14996424 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14996424 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 14996424 core:LandBuildings 2024-07-31 14996424 bus:SmallEntities 2023-07-11 2024-07-31 14996424 bus:AuditExemptWithAccountantsReport 2023-07-11 2024-07-31 14996424 bus:FilletedAccounts 2023-07-11 2024-07-31 14996424 bus:SmallCompaniesRegimeForAccounts 2023-07-11 2024-07-31 14996424 bus:RegisteredOffice 2023-07-11 2024-07-31 14996424 bus:Director1 2023-07-11 2024-07-31 14996424 bus:OrdinaryShareClass1 2023-07-11 2024-07-31 14996424 bus:PrivateLimitedCompanyLtd 2023-07-11 2024-07-31 14996424 bus:Agent1 2023-07-11 2024-07-31 14996424 core:LandBuildings 2023-07-11 2024-07-31 14996424 countries:AllCountries 2023-07-11 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14996424

Adam Elliotts Properties Limited

Unaudited Filleted Abridged Financial Statements

for the Period from 11 July 2023 to 31 July 2024

 

Adam Elliotts Properties Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Adam Elliotts Properties Limited

Company Information

Director

Mr Adam Elliott

Registered office

C/O CSH Consulting
The Barn
8 Oakley Hay Lodge
Corby
Northants
NN18 9AS

Accountants

CSH Consulting
Chartered Certified AccountantThe Barn, 8 Oakley Hay Lodge
Great Folds Road
Corby
Northants
NN18 9AS

 

Adam Elliotts Properties Limited

(Registration number: 14996424)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

324,211

Current assets

 

Cash at bank and in hand

 

1,201

Creditors: Amounts falling due within one year

(65,135)

Net current liabilities

 

(63,934)

Total assets less current liabilities

 

260,277

Creditors: Amounts falling due after more than one year

(259,600)

Accruals and deferred income

 

(900)

Net liabilities

 

(223)

Capital and reserves

 

Called up share capital

6

100

Retained earnings

(323)

Shareholders' deficit

 

(223)

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 March 2025
 

.........................................
Mr Adam Elliott
Director

 

Adam Elliotts Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 11 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
C/O CSH Consulting
The Barn
8 Oakley Hay Lodge
Corby
Northants
NN18 9AS
United Kingdom

These financial statements were authorised for issue by the director on 31 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Adam Elliotts Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 11 July 2023 to 31 July 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

324,211

324,211

At 31 July 2024

324,211

324,211

Depreciation

Carrying amount

At 31 July 2024

324,211

324,211

Included within the net book value of land and buildings above is £324,211 in respect of freehold land and buildings.
 

5

Debtors

Debtors includes £Nil due after more than one year.

 

Adam Elliotts Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 11 July 2023 to 31 July 2024

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

1

1