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COMPANY REGISTRATION NUMBER: 04881057
DANIEL ADAMS INVESTMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2024
DANIEL ADAMS INVESTMENTS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
DANIEL ADAMS INVESTMENTS LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr R Blass
Mrs C Blass
Company secretary
Mr R Blass
Registered office
168 Church Road
Hove
East Sussex
BN3 2DL
Accountants
UHY Hacker Young
Chartered accountants
168 Church Road
Hove
BN3 2DL
DANIEL ADAMS INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
370,007
370,278
Investments
6
50,001
50,001
----------
----------
420,008
420,279
Current assets
Debtors
7
34,627
34,627
Creditors: amounts falling due within one year
8
267,073
275,295
----------
----------
Net current liabilities
232,446
240,668
----------
----------
Total assets less current liabilities
187,562
179,611
Creditors: amounts falling due after more than one year
9
198,435
198,428
----------
----------
Net liabilities
( 10,873)
( 18,817)
----------
----------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 10,875)
( 18,819)
---------
---------
Shareholders deficit
( 10,873)
( 18,817)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DANIEL ADAMS INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 21 May 2025 , and are signed on behalf of the board by:
Mr R Blass
Director
Company registration number: 04881057
DANIEL ADAMS INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
The directors consider that the uncertainty caused by the Coronavirus pandemic should not materially affect the company's ability to continue as a going concern.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Freehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
369,195
1,444
370,639
----------
-------
----------
Depreciation
At 1 September 2023
361
361
Charge for the year
271
271
----------
-------
----------
At 31 August 2024
632
632
----------
-------
----------
Carrying amount
At 31 August 2024
369,195
812
370,007
----------
-------
----------
At 31 August 2023
369,195
1,083
370,278
----------
-------
----------
6. Investments
Shares in group undertakings
£
Cost
At 1 September 2023 and 31 August 2024
50,001
---------
Impairment
At 1 September 2023 and 31 August 2024
---------
Carrying amount
At 31 August 2024
50,001
---------
At 31 August 2023
50,001
---------
7. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
34,529
34,529
Other debtors
98
98
---------
---------
34,627
34,627
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,624
1,053
Trade creditors
192
Amounts owed to group undertakings and undertakings in which the company has a participating interest
55,498
55,498
Corporation tax
456
Other creditors
206,303
218,744
----------
----------
267,073
275,295
----------
----------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
198,435
198,428
----------
----------
10. Directors' advances, credits and guarantees
As at 31 August 2024 the company owed the directors £196,153 (2023: £203,564).
11. Related party transactions
The company is controlled by the directors by virtue of their shareholding in the company, throughout the current and previous year. As at 31 August 2023,the company owed £55,498 to it's wholly owned subsidiary, Luxor Properties (Sussex) Ltd (2022 - £35,498 creditor)