ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

ADINSTONE LIMITED - Company Information

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Caseware UK (AP4) 2019.0.227 2019.0.227 2020-03-312020-03-311falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2019-04-012truetrue 04213698 2019-04-01 2020-03-31 04213698 2018-04-01 2019-03-31 04213698 2020-03-31 04213698 2019-03-31 04213698 1 2019-04-01 2020-03-31 04213698 d:Director1 2019-04-01 2020-03-31 04213698 c:CurrentFinancialInstruments 2020-03-31 04213698 c:CurrentFinancialInstruments 2019-03-31 04213698 c:CurrentFinancialInstruments c:WithinOneYear 2020-03-31 04213698 c:CurrentFinancialInstruments c:WithinOneYear 2019-03-31 04213698 c:ShareCapital 2020-03-31 04213698 c:ShareCapital 2019-03-31 04213698 c:RetainedEarningsAccumulatedLosses 2020-03-31 04213698 c:RetainedEarningsAccumulatedLosses 2019-03-31 04213698 d:OrdinaryShareClass1 2019-04-01 2020-03-31 04213698 d:OrdinaryShareClass1 2020-03-31 04213698 d:FRS102 2019-04-01 2020-03-31 04213698 d:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 04213698 d:FullAccounts 2019-04-01 2020-03-31 04213698 d:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 04213698 6 2019-04-01 2020-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04213698









ADINSTONE LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2020
 
ADINSTONE LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 4

 
ADINSTONE LIMITED
REGISTERED NUMBER: 04213698

BALANCE SHEET
AS AT 31 MARCH 2020

2020
2019
Note
£
£

Fixed assets
  

Investments
 4 
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
79
79

  
79
79

Creditors: amounts falling due within one year
 6 
(1,854,770)
(1,858,405)

Net current liabilities
  
 
 
(1,854,691)
 
 
(1,858,326)

Net liabilities
  
(1,854,690)
(1,858,325)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(1,854,692)
(1,858,327)

  
(1,854,690)
(1,858,325)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



R L Shah
Director

Date: 19 March 2021

The notes on pages 2 to 4 form part of these financial statements.

Page 1
 
ADINSTONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1.


General information

Adinstone Limited is a private company, limited by shares, and incoporated in England and Wales. The address of its registered office is 3rd Floor, 24 Old Bond Street, London, W1S 4BH.
The functional and presentational currency of the company is considered to be pounds sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Since the year end the company has been affected by restrictions imposed by the UK Government's response to the COVID-19 pandemic though the company itself has been able to maintain normal operations and has seen little impact to the revenue of the group it heads to date as a consequence of the pandemic.
The company is dependent upon continuing financial support being made available to it by related parties.
The directors understand that these parties will continue to provide financial support to the company by deferment of the loan balance owed to them and by other means as necessary.
In view of the above arrangements the directors are satisfied, for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, that the company has sufficient resources to enable it to continue in operation as a going concern and meet its liabilities as they fall due for payment.
The directors therefore consider it appropriate to prepare these financial statements on the going concern basis.

 
2.3

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

Page 2
 
ADINSTONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

2.Accounting policies (continued)

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2019 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 April 2019
1



At 31 March 2020

1






Net book value



At 31 March 2020
1



At 31 March 2019
1

Page 3
 
ADINSTONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

5.


Debtors

2020
2019
£
£

Other debtors
79
79



6.


Creditors: Amounts falling due within one year

2020
2019
£
£

Trade creditors
-
3,035

Other creditors
1,853,930
1,853,930

Accruals and deferred income
840
1,440

1,854,770
1,858,405



7.


Share capital

2020
2019
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2


8.


Post balance sheet events

Since March 2020 the company continued to be impacted by the COVID - 19 pandemic. The company considers this to be a non-adjusting post period event that will require an ongoing evaluation.
Since the reporting date this has caused increasing disruption to populations, businesses and global economic activity. As this situation is rapidly evolving, it is not yet practicable to estimate all of the potential impact on the company.


9.


Ultimate parent company

The ultimate parent company is Parkhill Limited, a company incorporated in the Isle of Man.  The address of its registered office is Millennium House, Victoria Road, Douglas, Isle of Man, IM2 4RW.


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