Adrian Stickland Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05661213 (England and Wales)

ADRIAN STICKLAND LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A K Stickland

REGISTERED OFFICE:

267-269 High Street

Erdington

Birmingham

West Midlands

B23 6SR

REGISTERED NUMBER:

05661213 (England and Wales)

ACCOUNTANTS:

Phoenix Business Associates Limited

Chartered Certified Accountants

The Riding School House

Bulls Lane

Wishaw

Sutton Coldfield

West Midlands

B76 9QW

FIXED ASSETS

Tangible assets

4

1,061

-

CURRENT ASSETS

Stocks

-

32,217

Debtors

5

38,029

35,000

Cash at bank

63,965

21,127

101,994

88,344

CREDITORS

Amounts falling due within one year

6

65,859

24,264

NET CURRENT ASSETS

36,135

64,080

TOTAL ASSETS LESS CURRENT LIABILITIES

37,196

64,080

PROVISIONS FOR LIABILITIES

202

-

NET ASSETS

36,994

64,080

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

36,993

64,079

SHAREHOLDERS' FUNDS

36,994

64,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2021 and were signed by:

A K Stickland - Director

1.	STATUTORY INFORMATION

Adrian Stickland Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks represent costs incurred to date on the purchase and development of land and property acquired for development and resale.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

358

Additions

1,583

At 31 March 2021

1,941

DEPRECIATION

At 1 April 2020

358

Charge for year

522

At 31 March 2021

880

NET BOOK VALUE

At 31 March 2021

1,061

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Amounts owed by participating interests

6,000

2,000

Other debtors

32,029

33,000

38,029

35,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Bank loans and overdrafts

50,000

-

Trade creditors

876

650

Amounts owed to participating interests

13,474

13,128

Taxation and social security

775

9,737

Other creditors

734

749

65,859

24,264

7.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/21

31/3/20

£

£

Bank loans

50,000

-

8.	RELATED PARTY DISCLOSURES

The the company owed £13,474 (2020 : £8,968 ) to England Stickland Neale Partnership as at the balance sheet date, on interest free terms and received a profit share of £41,200 for the year. This loan is repayable on demand.

Mr A K Stickland is a partner of England Stickland Neale Partnership.

The company is owed £31,000 ( 2020 : £33,000) from Number 6 (Coleshill) Limited, a company of which the daughter of Mr A K Stickland is a director. The loan has no set repayment terms or interest charge.

The company is also owed £6,000 (2020 : £2,000) by Tadjcloe Limited, a company of which Mr A K Stickland is a Director and shareholder.