Adecot Properties Ltd xbrl

ADECOT PROPERTIES LIMITED - Company Information

2020-01-01 2020-12-31 2020-12-31 Trading false The accounts were prepared in accordance with frs102 With an accountants report AbridgedAccounts This company is a private limited company 04911548 2020-12-31 04911548 2019-12-31 04911548 2018-12-31 04911548 2020-01-01 2020-12-31 04911548 2019-01-01 2019-12-31 04911548 uk-cd-pres:AllEntityOfficers 2020-01-01 2020-12-31 04911548 uk-cd-pres:AllEntityOfficers 2019-01-01 2019-12-31 04911548 uk-cd-pres:CompanySecretary1 2020-01-01 2020-12-31 04911548 uk-cd-pres:CompanySecretaryDirector1 2020-01-01 2020-12-31 04911548 uk-cd-pres:CompanySecretaryDirector1 2020-12-31 04911548 uk-cd-pres:Director1 2020-01-01 2020-12-31 04911548 uk-cd-pres:Director1 2020-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2020-12-31 04911548 uk-cd-pres:AllPreferenceShares 2020-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2019-12-31 04911548 uk-cd-pres:AllPreferenceShares 2019-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2020-01-01 2020-12-31 04911548 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Adecot Properties Ltd


Company Registration Number
04911548


Report of the Directors and
Unaudited Financial Statements


Period of accounts

Start date 01/01/2020

End date 31/12/2020






















							Page 1

Adecot Properties Ltd

Contents of the Financial Statements
for the Period Ended 31 December 2020


							Page
Company Information							3

Report of the Directors							4

Profit and Loss Account							5

Balance Sheet							6 - 7

Notes to the Financial Statements							8 - 12




























							Page 2

Adecot Properties Ltd

Company Information
for the Period Ended 31 December 2020

Directors		Fergal Grist

Company secretary		Fergal Grist

Registered office		Beresford Lodge
		26A Alton Road
		Oxton, Wirral
		CH43 1XA

Company Registration Number		04911548


Bankers	Name	Barclays Bank
	Address	9 Portman Square
		London W1H 6EU
























			Page 3

Adecot Properties Ltd
Directors Report
for the Period Ended 31 December 2020
The directors present their report with the financial statements of the company for the
period ended 31 December 2020
Principal activities
The principal activity of the company in the period under review was
Property - investment and rental
Directors
The director(s) shown below have held office during the whole of the period
Fergal Grist
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.

This report was approved by the board of directors on		2020-09-28
and signed on behalf of the board by
Name	Fergal Grist
Status	Director























			Page 4

Adecot Properties Ltd

Profit and Loss Account
for the Period Ended 31 December 2020
		2020	2019
	Notes	£	£

Turnover	2	23,700	28,119
		______	______
Gross Profit/(Loss)		23,700	28,119

Administrative expenses		15,888	11,953
		______	______
Operating costs		15,888	11,953

		______	______
Operating Profit/(Loss)	3	7,812	16,165
		______	______
Interest receivable and similar		134	402
Interest payable and similar		2,200	2,988
		______	______
Net Finance income/(Loss)		(2,067)	(2,586)
		______	______
Profit/(Loss) on ordinary activities before taxation		5,746	13,579

Tax on profit on ordinary activities	4	1,066	2,580
		_______	________
Profit/(Loss) for the financial period after taxation		4,679	10,999

There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 31 December 2020

The notes form part of these financial statements







			Page 5

Adecot Properties Ltd
Balance Sheet
for the Period Ended 31 December 2020
Company registration number 04911548
		2020	2019
	Notes	£	£
Fixed assets
Tangible fixed assets	5	482,939	482,939
Investments	6	1	1
		_______	_______
Total fixed assets		482,940	482,940
Current assets
Debtors	7	129,187	129,187
Cash at bank and in hand		101,715	117,549
		_______	_______
Total current assets/(liabilities)		230,902	246,736
Creditors
Creditors - amounts falling
due within one year	8	1,257	2,771
		_______	_______
Net current assets		229,645	243,965
		_______	_______
Total assets less current liabilities		712,585	726,905
		_______	_______
Creditors - amounts falling
due after more than one year	9	625,320	644,320
		_______	_______
Long term creditors		625,320	644,320
		________	________
Net assets/(liabilities)		87,265	82,585
Capital and reserves
Called up share capital	11	1,000	1,000
Profit and loss account	12	86,265	81,585
		________	________
Total shareholders funds		87,265	82,585







			Page 6

Adecot Properties Ltd

Balance Sheet

for the Period Ended 31 December 2020

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31 December 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements were approved by the Board of Directors on

2020-09-28

SIGNED ON BEHALF OF THE BOARD BY

Name

Fergal Grist

The notes form part of these financial statements

Average number of employees during period

Page 7

Adecot Properties Ltd

Notes to the Financial Statements

for the Period Ended 31 December 2020

1. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.

Turnover

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

Page 8

Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2020
2. Turnover	2020	2019
	£	£
United Kingdom	23,700	28,119
	_____	________
Total	23,700	28,119
3. Operating profit/(loss)	2020	2019
Profit before tax as stated after charging the following	£	£
4. Taxation
The tax charge on the profit on ordinary activities	2020	2019
for the period was as follows	£	£
UK Corporation Tax net of reliefs	1,066	2,580
	_______	_________
Tax on profit on ordinary activities	1,066	2,580






























		Page 9

Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2020
5. Tangible fixed assets
	Land and	Total
	buildings
Cost	£	£
At 1 January 2020	482,939	482,939
	______	______
At 31 December 2020	482,939	482,939
Depreciation
At 1 January 2020

At 31 December 2020
Net book value
At 31 December 2020	482,939	482,939
At 31 December 2019	482,939	482,939




























		Page 10

Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2020
6. Fixed asset investments	2020	2019
Unlisted	1	1
Total	1	1
7. Debtors	2020	2019
Amounts owed by group undertakings	129,187	129,187
	_________	_________
Total	129,187	129,187
8. Creditors amounts falling due within one year	2020	2019
Corporation tax	1,066	2,580
Other creditors	191	191
	_______	________________
Total	1,257	2,771
9. Creditors amounts falling due after more than one year	2020	2019
Bank loans	100,538	119,538
Amounts owed to group undertakings	524,767	524,767
Other creditors	15	15
	_________	_________
Total	625,320	644,320




















		Page 11

Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2020
10. Borrowings		2020	2019
The following loans are included within creditors		£	£
Over five years		625,320	644,320
		_________	_________
Total		625,320	644,320
11. Share capital		2020	2019
Authorised type	Par value	£	£
Ordinary	1	1,000	1,000
		____	____
Total		1,000	1,000
Allotted, called up and paid		£	£
Called up		1,000	1,000
		____	____
Total		1,000	1,000
12. Reserves/Retained profit
Retained profit reconciliation		£
Reserves at 1 January 2020		81,585
Profit/(Loss) for year		4,679
Dividends paid
		________________
Retained Profit/(Loss) at 31 December 2020		86,265













			Page 12