Adams & Styles Investments Ltd - Accounts to registrar (filleted) - small 22.3

Adams & Styles Investments Ltd - Accounts to registrar (filleted) - small 22.3

ADAMS & STYLES INVESTMENTS LTD - Company Information

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REGISTERED NUMBER: 09587898 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

ADAMS & STYLES INVESTMENTS LTD
ADAMS & STYLES INVESTMENTS LTD (REGISTERED NUMBER: 09587898)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ADAMS & STYLES INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: Mr C Stylianou





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 09587898 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA
Page 1
ADAMS & STYLES INVESTMENTS LTD (REGISTERED NUMBER: 09587898)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,006,626 5,006,626

CREDITORS
Amounts falling due within one year 5 13,728 13,368
NET CURRENT LIABILITIES (13,728 ) (13,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,992,898
4,993,258

CAPITAL AND RESERVES
Called up share capital 4,981,617 4,981,617
Retained earnings 6 11,281 11,641
SHAREHOLDERS' FUNDS 4,992,898 4,993,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2023 and were signed by:





Mr C Stylianou - Director


The notes form part of these financial statements

Page 2
ADAMS & STYLES INVESTMENTS LTD (REGISTERED NUMBER: 09587898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Adams & Styles Investments Ltd 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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Adams & Styles Investments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2021
and 31 March 2022 5,006,626
NET BOOK VALUE
At 31 March 2022 5,006,626
At 31 March 2021 5,006,626

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 5,909 5,909
Other creditors 7,819 7,459
13,728 13,368

Page 3 continued...
ADAMS & STYLES INVESTMENTS LTD (REGISTERED NUMBER: 09587898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. RESERVES
Retained
earnings
£   

At 1 April 2021 11,641
Profit for the year 19,640
Dividends (20,000 )
At 31 March 2022 11,281

7. RELATED PARTY DISCLOSURES

Included in creditors falling due within one year, is an amount due to the director C Styliannou of £7,099 (2021: £7,099). The loan is interest free.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr C Stylianou.

Page 4