Company registration number 13367425 (England and Wales)
Adluco Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
Adluco Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Adluco Limited
Statement Of Financial Position
as at 30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
996,217
827,814
Current assets
Cash at bank and in hand
410,564
12,888
Creditors: amounts falling due within one year
4
(264,832)
(109,305)
Net current assets/(liabilities)
145,732
(96,417)
Net assets
1,141,949
731,397
Capital and reserves
Called up share capital
5
110
110
Profit and loss reserves
1,141,839
731,287
Total equity
1,141,949
731,397

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 26 March 2025
A Ainsworth
Director
Company registration number 13367425 (England and Wales)
Adluco Limited
Notes to the Financial Statements
for the year ended 30 September 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Turnover

Turnover represents the fair value of rental income received provided in the normal course of business. Turnover is recognised on receipt of funds.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Investment property
2024
£
Fair value
At 1 October 2023
827,815
Additions
168,402
At 30 September 2024
996,217
Investment property consists of residential properties at cost purchased. Cost is not deemed to be materially different to their fair value.
Adluco Limited
Notes to the Financial Statements (continued)
for the year ended 30 September 2024
3
Investment property
(continued)
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
10,741
7,811
Other creditors
249,499
100,595
Accruals and deferred income
4,592
899
264,832
109,305
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
A Ordinary shares of £1 each
10
10
10
10
110
110
110
110
6
Controlling interest

The company is controlled by Adluco Limited and CSND Occasio Limited who between them own 100% of the issued share capital.

7
Company information

Adluco Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Thornhill Brigg Mills, Thornhill Beck Lane, Brighouse, West Yorkshire, HD6 4AH.

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