Registered number
10842937
ADP Property Investment Limited
Filleted Accounts
30 June 2024
ADP Property Investment Limited
Registered number: 10842937
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 446,000 446,000
Current assets
Debtors 5 - 950
Cash at bank and in hand 1,881 156
1,881 1,106
Creditors: amounts falling due within one year 6 (170,651) (169,527)
Net current liabilities (168,770) (168,421)
Total assets less current liabilities 277,230 277,579
Creditors: amounts falling due after more than one year 7 (296,250) (296,250)
Net liabilities (19,020) (18,671)
Capital and reserves
Called up share capital 100 100
Profit and loss account (19,120) (18,771)
Shareholders' funds (19,020) (18,671)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ana-Bela Da Silva Pinhao
Director
Approved by the board on 25 June 2025
ADP Property Investment Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Rent receivable
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Property Investment Nil
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is also calculated on the gain of the investment property.
2 Going Concern
The company meets it day to day working capital requirements through the support of the director and bank loan. On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that the director and the bank would withdraw their supports.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 446,000
At 30 June 2024 446,000
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 446,000
At 30 June 2023 446,000
5 Debtors 2024 2023
£ £
Other debtors - 950
6 Creditors: amounts falling due within one year 2024 2023
£ £
Connected companies 20,000 20,000
Corporation tax - Deferred tax 1,661 1,661
Other creditors 148,990 147,866
170,651 169,527
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 296,250 296,250
8 Loans to directors
Description and conditions B/fwd Loan Repaid C/fwd
£ £ £ £
Ana-Bela Da Silva Pinhao 143,562 2,990 663 145,889
143,562 2,990 663 145,889
9 Other information
ADP Property Investment Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Finch Avenue
London
SE27 9TX
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