Registration number:
Adenstar Limited
for the Period from 1 June 2023 to 30 November 2024
Adenstar Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Adenstar Limited
Company Information
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Director |
SAC Dudman |
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Registered office |
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Accountants |
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Adenstar Limited
(Registration number: 08813754)
Balance Sheet as at 30 November 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
312,500 |
312,500 |
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Retained earnings |
1,334,002 |
1,447,833 |
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Shareholders' funds |
1,646,502 |
1,760,333 |
For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Adenstar Limited
(Registration number: 08813754)
Balance Sheet as at 30 November 2024
Approved and authorised by the
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SAC Dudman
Director
Adenstar Limited
Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales .
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Adenstar Limited
Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Adenstar Limited
Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024
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Tangible assets |
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Land and buildings |
Motor vehicles |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 June 2023 |
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Additions |
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- |
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At 30 November 2024 |
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Depreciation |
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At 1 June 2023 |
- |
- |
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Charge for the period |
- |
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- |
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
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At 31 May 2023 |
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Included within the net book value of land and buildings above is £1,355,996.00 (2023 - £1,355,996.00) in respect of freehold land and buildings.
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Investments |
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2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 June 2023 |
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Provision |
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Carrying amount |
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At 30 November 2024 |
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At 31 May 2023 |
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Adenstar Limited
Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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New Sussex House Fishersgate Terrace
England |
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New Sussex House Fishersgate Terrace
England |
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New Sussex House Fishersgate Terrace
England |
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New Sussex House Fishersgate Terrace
England |
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New Sussex House Fishersgate Terrace
England |
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Adenstar Limited
Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024
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Subsidiary undertakings |
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Adenstar Developments Limited The principal activity of Adenstar Developments Limited is |
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Adenstar Aviation Limited The principal activity of Adenstar Aviation Limited is |
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Kerb-Lay (UK) Limited The principal activity of Kerb-Lay (UK) Limited is |
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Adenstar Workforce Limited The principal activity of Adenstar Workforce Limited is |
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Adenstar Plant Limited The principal activity of Adenstar Plant Limited is |
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Debtors |
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Current |
Note |
2024 |
2023 |
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Trade debtors |
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- |
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Amounts owed by related parties |
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Prepayments |
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Other debtors |
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Adenstar Limited
Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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- |
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Other creditors |
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Creditors include a bank loan which is secured against the freehold property held by the company.
Adenstar Limited
Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 November 2024
Creditors: amounts falling due after more than one year
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Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
Non-current loans and borrowings
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2024 |
2023 |
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Bank borrowings |
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Hire purchase contracts |
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- |
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Current loans and borrowings
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2024 |
2023 |
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Bank borrowings |
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Bank overdrafts |
- |
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Hire purchase contracts |
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- |
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Dividends |
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2024 |
2023 |
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£ |
£ |
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Interim dividend of £ |
151,191 |
194,082 |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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312,500 |
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312,500 |