| REGISTERED NUMBER: |
| ADAMS-GREEN PROPERTY LIMITED |
| Unaudited Financial Statements |
| for the Period 25 October 2023 to 31 October 2024 |
| REGISTERED NUMBER: |
| ADAMS-GREEN PROPERTY LIMITED |
| Unaudited Financial Statements |
| for the Period 25 October 2023 to 31 October 2024 |
| ADAMS-GREEN PROPERTY LIMITED (REGISTERED NUMBER: 14427466) |
| Contents of the Financial Statements |
| for the Period 25 October 2023 to 31 October 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| ADAMS-GREEN PROPERTY LIMITED |
| Company Information |
| for the Period 25 October 2023 to 31 October 2024 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Certified Accountants |
| Chartered Tax Advisers |
| Artisans' House |
| 7 Queensbridge |
| Northampton |
| Northamptonshire |
| NN4 7BF |
| ADAMS-GREEN PROPERTY LIMITED (REGISTERED NUMBER: 14427466) |
| Balance Sheet |
| 31 October 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| The director acknowledges her 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. |
| ADAMS-GREEN PROPERTY LIMITED (REGISTERED NUMBER: 14427466) |
| Balance Sheet - continued |
| 31 October 2024 |
| The financial statements were approved by the director and authorised for issue on |
| ADAMS-GREEN PROPERTY LIMITED (REGISTERED NUMBER: 14427466) |
| Notes to the Financial Statements |
| for the Period 25 October 2023 to 31 October 2024 |
| 1. | STATUTORY INFORMATION |
| Adams-Green Property Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investment property |
| Investment property has been revalued as at the balance sheet date by the directors on an open market, existing use basis. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
| ADAMS-GREEN PROPERTY LIMITED (REGISTERED NUMBER: 14427466) |
| Notes to the Financial Statements - continued |
| for the Period 25 October 2023 to 31 October 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern |
| The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. |
| Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities. |
| In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis. |
| The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. These financial statements have therefore been prepared on a going concern basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| Fair value |
| Additions |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| Investment properties were revalued by the director at the balance sheet date on an open market, existing use basis. |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| ADAMS-GREEN PROPERTY LIMITED (REGISTERED NUMBER: 14427466) |
| Notes to the Financial Statements - continued |
| for the Period 25 October 2023 to 31 October 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 204,091 | - |
| Bank loans outstanding at the balance sheet date are secured by fixed and floating charges over property to which they relate. |
| 7. | RELATED PARTY DISCLOSURES |
| Included in other creditors at the balance sheet date is £88,310 due to the director. This loan is interest free and without fixed repayment terms. |