Adrian Powell Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05732407 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Adrian Powell Developments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Powell

Mrs R E Davies-Powell

SECRETARY:

Mrs R E Davies-Powell

REGISTERED OFFICE:

29 Taillwyd

Neath Abbey

Neath

West Glamorgan

SA10 7DT

REGISTERED NUMBER:

05732407 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

13A Victoria Gardens

Neath

West Glamorgan

SA11 3AY

FIXED ASSETS

Investment property

5

118,207

118,207

CURRENT ASSETS

Cash at bank

1,095

1,747

CREDITORS

Amounts falling due within one year

6

42,067

40,922

NET CURRENT LIABILITIES

(40,972

)

(39,175

)

TOTAL ASSETS LESS CURRENT LIABILITIES

77,235

79,032

CREDITORS

Amounts falling due after more than one year

7

59,993

64,516

NET ASSETS

17,242

14,516

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

8

15,652

15,652

Retained earnings

590

(2,136

)

SHAREHOLDERS' FUNDS

17,242

14,516

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 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 3 December 2021 and were signed on its behalf by:

A Powell - Director

1.	STATUTORY INFORMATION

Adrian Powell Developments 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

118,207

NET BOOK VALUE

At 31 March 2021

118,207

At 31 March 2020

118,207

Fair value at 31 March 2021 is represented by:

£

Valuation in 2012

126,600

Valuation in 2013

65,953

Valuation in 2014

(107,721

)

Valuation in 2015

33,375

118,207

The property was valued by the directors as at 31/03/2021. They consider there have been no changes in value since the previous year.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

3,795

3,795

Trade creditors

1,998

3,109

Tax

1,101

461

Other creditors

16,653

16,653

Directors' current accounts

18,520

16,904

42,067

40,922

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans - 2-5 years

59,993

64,516

8.

RESERVES

Revaluatio

reserve

£

At 1 April 2020

and 31 March 2021

15,652

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operate a loan account with the company. The amount owed to the directors at the year end is shown in the notes to the financial statements.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors Mr and Mrs ASW Powell by virtue of their 100% shareholding.

11.	GOING CONCERN

The directors are of the opinion that the market value of the property is in excess of its historical cost.