1 November 2023 false No description of principal activity Taxfiler 2024.6 12254464business:PrivateLimitedCompanyLtd2023-11-012024-10-31 122544642023-10-31 122544642023-11-012024-10-31 12254464business:AuditExempt-NoAccountantsReport2023-11-012024-10-31 12254464business:FilletedAccounts2023-11-012024-10-31 122544642024-10-31 12254464business:Director12023-11-012024-10-31 12254464business:Director22023-11-012024-10-31 12254464business:RegisteredOffice2023-11-012024-10-31 122544642023-10-31 12254464core:WithinOneYear2024-10-31 12254464core:WithinOneYear2023-10-31 12254464core:AfterOneYear2024-10-31 12254464core:AfterOneYear2023-10-31 12254464core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 12254464core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 12254464core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 12254464core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 12254464core:PreviouslyStatedAmount2024-10-31 12254464core:PreviouslyStatedAmount2023-10-31 12254464business:SmallEntities2023-11-012024-10-31 12254464countries:EnglandWales2023-11-012024-10-31 12254464core:MotorVehicles2023-11-012024-10-31 12254464core:MotorVehicles2023-10-31 12254464core:MotorVehicles2024-10-31 122544642022-11-012023-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12254464 (England and Wales)
Adb Estates Ltd Unaudited accounts for the year ended 31 October 2024
Adb Estates Ltd Unaudited accounts Contents
Page
- 2 -
Adb Estates Ltd Company Information for the year ended 31 October 2024
Directors
Lee Barnard Tonya Barnard
Company Number
12254464 (England and Wales)
Registered Office
40 Maltese Road Chelmsford Essex CM1 2PA England
- 3 -
Adb Estates Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,875 
22,500 
Investment property
1,124,503 
1,110,626 
1,141,378 
1,133,126 
Current assets
Debtors
- 
34,012 
Cash at bank and in hand
3,039 
4,488 
3,039 
38,500 
Creditors: amounts falling due within one year
(378,986)
(1,074,910)
Net current liabilities
(375,947)
(1,036,410)
Total assets less current liabilities
765,431 
96,716 
Creditors: amounts falling due after more than one year
(791,250)
(116,250)
Net liabilities
(25,819)
(19,534)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(25,821)
(19,536)
Shareholders' funds
(25,819)
(19,534)
For the year ending 31 October 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by
Tonya Barnard Director Company Registration No. 12254464
- 4 -
Adb Estates Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Adb Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 12254464. The registered office is 40 Maltese Road, Chelmsford, Essex, CM1 2PA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2023
30,000 
At 31 October 2024
30,000 
Depreciation
At 1 November 2023
7,500 
Charge for the year
5,625 
At 31 October 2024
13,125 
Net book value
At 31 October 2024
16,875 
At 31 October 2023
22,500 
5
Investment property
2024 
£ 
Fair value at 1 November 2023
1,110,626 
Additions
13,877 
At 31 October 2024
1,124,503 
- 5 -
Adb Estates Ltd Notes to the Accounts for the year ended 31 October 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
29,012 
Other debtors
- 
5,000 
- 
34,012 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
562,500 
Loans from directors
374,838 
512,010 
Accruals
4,148 
400 
378,986 
1,074,910 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
791,250 
116,250 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -