| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
5,250,932 |
|
|
5,250,932 |
| Current assets |
|
188,687 |
|
|
161,596 |
|
| Prepayments and accrued income |
|
4,092 |
|
|
4,189 |
|
| Creditors: amount falling due within one year |
|
(3,433,828) |
|
|
(3,575,835) |
|
|
Net current assets
|
|
|
(3,241,049)
|
|
|
(3,410,050)
|
|
Total assets less current liabilities
|
|
|
2,009,883 |
|
|
1,840,882 |
|
Net assets
|
|
|
2,009,883 |
|
|
1,840,882 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
2,009,883 |
|
|
1,840,882 |
| |
NOTES TO THE ACCOUNTS
General Information
ADC Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 05619060, registration address Fairways,, Matlock Road Walton, Chesterfield, Derbyshire, S42 7LD.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The director believes that the company is well placed to manage its business risks successfully. Accordingly, he has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he has continued to adopt the going concern basis of accounting in preparing the financial statements.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Directors loan account
| Particulars |
|
b/forward
£ |
|
Advances
£ |
|
Credits
£ |
|
C/forward
£ |
| Mr A D Chand |
|
(3,519,234) |
|
150,255 |
|
(2,389) |
|
(3,371,368) |
The directors loan account is interest free and repayable on demand.
|
For the year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 03 August 2026 and were signed by: --------------------------------
Mr A D Chand
Director |
1
|