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ADMIRALS PLACE LTD - Company Information

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Admirals Place Limited

Registered Number:11849976

For the period ended 31 December 2022

England and Wales

Unaudited Financial Statements

For the period ended 31 December 2022

Admirals Place Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

11849976

As at 31 December 2022

Admirals Place Limited

Statement of Financial Position

2022

Notes

Fixed assets

Property, plant and equipment

216,910

Financial assets

146,250

144,250

361,160

146,250

Current assets

Inventories

154,842

63,739

Cash and cash equivalents

2,756

157,598

63,739

Trade and other payables: amounts falling due within one

year

(100,240)

(380,851)

(36,501)

(223,253)

Net current liabilities

Total assets less current liabilities

137,907

109,749

Trade and other payables: amounts falling due after more

than one year

(111,300)

(141,400)

(3,493)

Net liabilities

(1,551)

Capital and reserves

Retained earnings

(3,493)

(1,551)

(3,493)

(1,551)

Shareholders' funds

For the period ended 31 December 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

James Dorman Director

These financial statements were approved and authorised for issue by the Board on 27 July 2023 and were signed by:

The notes form part of these financial statements

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For the period ended 31 December 2022

Admirals Place Limited

Notes to the Financial Statements

Statutory Information

Admirals Place Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 11849976.

Principal place of business:

Arcadia

Higher Erith Road

Torquay

Devon

TQ1 2NQ

Registered address:

3A Laburnum Row

Torquay

Devon

England

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Property, plant and equipment

Property, plant and equipment, other than leasehold property, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Land and Buildings 0% Straight LinePlant and Machinery 25% Reducing Balance

Investment property

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be seperately identified or quantified.

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For the period ended 31 December 2022

Admirals Place Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Land and

Buildings

Cost or

valuation

216,910

Additions

At 31 December 2022

216,910

At 31 December 2022

Net book value

216,910

3. Investments held as fixed assets

Loans to Group and participating interests

Total

At 01 March 2022

146,250

Cost

Disposals/Repayments

(2,000)

At 31 December 2022

144,250

At 31 December 2022

Net book value

144,250

At 01 March 2022

146,250

4. Inventories

2022

Stocks

154,842

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For the period ended 31 December 2022

Admirals Place Limited

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2022

Bank loans and overdraft

29,000

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

226,857

71,000

Other creditors

153,994

240

380,851

100,240

6. Trade and other payables: amounts falling due after more than one year

2022

Bank loans and overdraft

141,400

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

1,300

Other creditors

110,000

141,400

111,300

7. Related party transactions

The company was under the control of J Dorman during the year.

8. Average number of persons employed

During the year the average number of employees was 0 (2022 : 1)

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