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ADBRIDGE ESTATE MANAGEMENT LIMITED

Registered Number
13586014
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

ADBRIDGE ESTATE MANAGEMENT LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

JIANG, Hong

Registered Address

35 Pond Street
London
NW3 2PN

Registered Number

13586014 (England and Wales)
ADBRIDGE ESTATE MANAGEMENT LIMITED
Statement of Financial Position
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,885,2341,888,950
1,885,2341,888,950
Current assets
Debtors413,81118,317
Cash at bank and on hand14,28428,673
28,09546,990
Creditors amounts falling due within one year5(24,850)(19,380)
Net current assets (liabilities)3,24527,610
Total assets less current liabilities1,888,4791,916,560
Creditors amounts falling due after one year6(1,824,186)(1,891,686)
Provisions for liabilities7-(2,017)
Net assets64,29322,857
Capital and reserves
Called up share capital1,0001,000
Profit and loss account63,29321,857
Shareholders' funds64,29322,857
The financial statements were approved and authorised for issue by the Director on 26 August 2025, and are signed on its behalf by:
JIANG, Hong
Director
Registered Company No. 13586014
ADBRIDGE ESTATE MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other 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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year10
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 September 231,880,28011,1481,891,428
At 31 August 241,880,28011,1481,891,428
Depreciation and impairment
At 01 September 23-2,4782,478
Charge for year-3,7163,716
At 31 August 24-6,1946,194
Net book value
At 31 August 241,880,2804,9541,885,234
At 31 August 231,880,2808,6701,888,950
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,1009,668
Other debtors9,9447,668
Prepayments and accrued income2,767981
Total13,81118,317
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-1,800
Taxation and social security10,4503,111
Accrued liabilities and deferred income14,40014,469
Total24,85019,380
6.Creditors: amounts due after one year

2024

2023

££
Amounts owed to related parties1,824,1861,891,686
Total1,824,1861,891,686
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)-2,017
Total-2,017