Registration number: 02303326

Adenford Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 8

Adenford Limited

Company Information

Directors

R Coleman R Kular D Moussaleff

Company secretary

Willmotts (Ealing) Limited

Registered office

Willmott House 12 Blacks Road London W6 9EU

Accountants

Service Charge Assurance Limited Chartered AccountantsSalatin House 19 Cedar Road Sutton Surrey SM2 5DA

Adenford Limited

(Registration number: 02303326)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	(As restated) 2023 £
Non-current assets
Property, plant and equipment	4	4,500	4,500
Current assets
Receivables	5	18,164	14,702
Cash at bank	6	20,525	17,723
		38,689	32,425
Payables: Amounts falling due within one year	7	(4,501)	(11,999)
Net current assets		34,188	20,426
Net assets		38,688	24,926
Equity
Called up share capital	8	10	10
Share premium		5,390	5,390
General reserve		20,220	13,323
Lift reserve		13,068	6,203
Total Equity		38,688	24,926

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 and 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 Income statement.

The financial statements of Adenford Limited were approved and authorised for issue by the Board on 14 October 2025 and signed on its behalf by:
 

.........................................

R Coleman
Director

Adenford Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

1	General information

Adenford Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.

2	Accounting policies

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Departures from Companies Act

The financial statements depart from the standard format of the Companies Act 2006 in that turnover has been replaced by service charge income, cost of sales has been replaced by service charge expenditure and profit/(loss) has been replaced by surplus/(deficit). This departure, as permitted by s396 of the Companies Act 2006, has arisen because the directors consider that this presentation is more appropriate given the nature of the company's activity. The result for the year is unaffected by the accounting treatment adopted.

Reclassification of comparative amounts

The accounts have been restated in order to include all transactions pertaining to the service charge and maintenance of the common parts of 8 Queens Gate Place, London, SW7 5NU. Accordingly, the transactions and balances relating to the service charges collected from the leaseholders which were included in the a separate statement of account for the year ended 31 December 2023 or earlier have been included in these accounts and the prior year's figures restated.

Adenford Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Judgements

There are no critical judgements made by the directors in the process of applying the company’s accounting policies which have the most significant effect on the amounts recognised in the financial statements.

Revenue recognition

Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987.
Service charge income represents variable service charges receivable from the members for the year.

Taxation

The company acts as a trustee in respect of funds held to manage 8 Queens Gate Place, London, SW7 5NU. In consequence, service charge contributions and expenditure items are neither taxable nor allowable for corporation tax purposes and therefore there is no liability to UK corporation tax.

Property, plant and equipment

Fixed assets represent Freehold Land. No depreciation is provided on this.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and at bank and are subject to an insignificant risk of change in value.

Receivables

Service charge arrears are amounts due at the financial year end from the members.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Adenford Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024 (continued)

4	Property, plant and equipment

	Freehold land £
Cost
At 1 January 2024	4,500
At 31 December 2024	4,500
Carrying amount
At 31 December 2024	4,500
At 31 December 2023	4,500

5	Receivables

	2024 £	(As restated) 2023 £
Service charge arrears	2,578	2,579
Other receivables	900	900
Prepayments and accrued income	14,686	11,223
	18,164	14,702

6	Cash and cash equivalents

	2024 £	(As restated) 2023 £
Cash at bank - client account	20,525	17,723

Funds are held in trust at National Westminster Bank Plc in a designated client account maintained by Willmotts (Ealing) Limited, the managing agents.

Adenford Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024 (continued)

7

Payables

Payables: amounts falling due within one year

	2024 £	(As restated) 2023 £
Due within one year
Service charge creditors	2,317	8,878
Accrued expenses	2,184	3,121
	4,501	11,999

8	Share capital and reserves

Allotted, called up and fully paid shares

	2024		(As restated) 2023
	No.	£	No.	£
Ordinary shares of £1 each	10	10	10	10

Adenford Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024 (continued)

9	Related party transactions

There were no other related party transactions to disclose.

10	Transition to FRS 102

The company has adopted FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" issued by the Financial Reporting Council.There has been no effect on accounting policies as a consequence of the adoption of FRS 102. In addition, the transition has had no effect on the company's reported financial position and financial performance.