ADECOT PROPERTIES LIMITED Accounts filed on 31-12-2014

ADECOT PROPERTIES LIMITED Accounts filed on 31-12-2014

ADECOT PROPERTIES LIMITED - Company Information

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ADECOT PROPERTIES LIMITED




Company Registration Number:
04911548 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st January 2014

End date: 31st December 2014

SUBMITTED

ADECOT PROPERTIES LIMITED

Company Information
for the Period Ended 31st December 2014




Director: Fergal Grist
Registered office: 2 Thanet Court
Queens Drive
London
W3 0HW
Company Registration Number: 04911548 (England and Wales)

ADECOT PROPERTIES LIMITED

Abbreviated Balance sheet
As at 31st December 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 3 482,939 482,939
Total fixed assets: 482,939 482,939
Current assets
Debtors: 4 129,187 129,187
Cash at bank and in hand: 113,254 115,942
Total current assets: 242,441 245,129
Creditors
Creditors: amounts falling due within one year 3,041 2,862
Net current assets (liabilities): 239,400 242,267
Total assets less current liabilities: 722,339 725,206
Creditors: amounts falling due after more than one year: 5 694,511 709,544
Total net assets (liabilities): 27,828 15,662

The notes form part of these financial statements

ADECOT PROPERTIES LIMITED

Abbreviated Balance sheet
As at 31st December 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 7 1,000 1,000
Profit and Loss account: 26,828 14,662
Total shareholders funds: 27,828 15,662

For the year ending 31 December 2014 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 26 September 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Fergal Grist
Status: Director

The notes form part of these financial statements

ADECOT PROPERTIES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

    Turnover policy

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

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Land & Buildings 0% on cost per annum, Plant & Equipment 10% on cost per annum, Fixtures & Fittings 20% on cost per annum, Office Equipment 33% on cost per annum, Motor Vehicles 25% on cost per annum.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.

ADECOT PROPERTIES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 3. Tangible assets

    Total
    Cost £
    At 01st January 2014: 482,939
    At 31st December 2014: 482,939
    Net book value
    At 31st December 2014: 482,939
    At 31st December 2013: 482,939

ADECOT PROPERTIES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 4. Debtors

    2014
    £     		2013
    £
    Other debtors: 129,187 129,187
    Total: 129,187 129,187

    Loan to subsidiary company

ADECOT PROPERTIES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 5. Creditors: amounts falling due after more than one year

    2014
    £     		2013
    £
    Amounts due under finance leases and hire purchase contracts: 694,320 709,320
    Other creditors: 191 224
    Total: 694,511 709,544

ADECOT PROPERTIES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,000 1.00
    1.00
    		1,000
    Total share capital: 1,000
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,000 1.00
    1.00
    		1,000
    Total share capital: 1,000