Adina Seven Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10402474 (England and Wales)

Financial Statements

for the Year Ended 30 September 2020

for

ADINA SEVEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Gossage

S Page

SECRETARY:

REGISTERED OFFICE:

34 Mill Street

Kingston Upon Thames

Surrey

KT1 2RF

REGISTERED NUMBER:

10402474 (England and Wales)

ACCOUNTANTS:

Churchmill Partnership Limited

Brook House

Mint Street

Godalming

Surrey

GU7 1HE

FIXED ASSETS

Tangible assets

4

29,703

26,616

Investments

5

400

260

30,103

26,876

CURRENT ASSETS

Debtors

6

228,157

124,333

Cash at bank

129,361

101,325

357,518

225,658

CREDITORS

Amounts falling due within one year

7

218,959

223,049

NET CURRENT ASSETS

138,559

2,609

TOTAL ASSETS LESS CURRENT LIABILITIES

168,662

29,485

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

168,562

29,385

SHAREHOLDERS' FUNDS

168,662

29,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2021 and were signed on its behalf by:

E Gossage - Director

1.	STATUTORY INFORMATION

Adina Seven 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2019

54,782

Additions

21,797

At 30 September 2020

76,579

DEPRECIATION

At 1 October 2019

28,166

Charge for year

18,710

At 30 September 2020

46,876

NET BOOK VALUE

At 30 September 2020

29,703

At 30 September 2019

26,616

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 October 2019

260

Additions

350,000

Reclassification/transfer

(349,860

)

At 30 September 2020

400

NET BOOK VALUE

At 30 September 2020

400

At 30 September 2019

260

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

-

84,309

Amounts owed by associates

184,191

-

Other debtors

43,966

40,024

228,157

124,333

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade creditors

3,207

21,762

Taxation and social security

41,764

33,743

Other creditors

173,988

167,544

218,959

223,049