Adecot Properties Ltd xbrl

ADECOT PROPERTIES LIMITED - Company Information

2022-01-01 2022-12-31 2022-12-31 Trading false The accounts were prepared in accordance with frs102 With an accountants report AbridgedAccounts This company is a private limited company 04911548 2022-12-31 04911548 2021-12-31 04911548 2020-12-31 04911548 2022-01-01 2022-12-31 04911548 2021-01-01 2021-12-31 04911548 uk-cd-pres:AllEntityOfficers 2022-01-01 2022-12-31 04911548 uk-cd-pres:AllEntityOfficers 2021-01-01 2021-12-31 04911548 uk-cd-pres:CompanySecretary1 2022-01-01 2022-12-31 04911548 uk-cd-pres:CompanySecretaryDirector1 2022-01-01 2022-12-31 04911548 uk-cd-pres:CompanySecretaryDirector1 2022-12-31 04911548 uk-cd-pres:Director1 2022-01-01 2022-12-31 04911548 uk-cd-pres:Director1 2022-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2022-12-31 04911548 uk-cd-pres:AllPreferenceShares 2022-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2021-12-31 04911548 uk-cd-pres:AllPreferenceShares 2021-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2022-01-01 2022-12-31 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 01/01/2022

End date 31/12/2022






















							Page 1

Adecot Properties Ltd

Contents of the Financial Statements
for the Period Ended 31 December 2022


							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 2022

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 2022
The directors present their report with the financial statements of the company for the
period ended 31 December 2022
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		2023-09-18
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 2022
		2022	2021
	Notes	£	£

Turnover	2	22,800	20,750
		______	______
Gross Profit/(Loss)		22,800	20,750

Administrative expenses		23,954	20,211
		______	______
Operating costs		23,954	20,211

		______	______
Operating Profit/(Loss)		(1,154)	539
		______	______
Interest receivable and similar		26	6
Interest payable and similar		835	1,582
		______	______
Net Finance income/(Loss)		(809)	(1,576)
		______	______
Profit/(Loss) on ordinary activities before taxation		(1,963)	(1,037)

Tax on profit on ordinary activities	3	5	0
		________	________
Profit/(Loss) for the financial period after taxation		(1,968)	(1,037)

The notes form part of these financial statements










			Page 5

Adecot Properties Ltd
Balance Sheet
for the Period Ended 31 December 2022
Company registration number 04911548
		2022	2021
	Notes	£	£
Fixed assets
Tangible fixed assets	4	482,939	482,939
Investments	5	1	1
		_______	_______
Total fixed assets		482,940	482,940
Current assets
Debtors	6		129,187
Cash at bank and in hand		131,926	54,697
		_______	_______
Total current assets/(liabilities)		131,926	183,884
Creditors
Creditors - amounts falling
due within one year	7	288	276
		_______	_______
Net current assets		131,638	183,608
		_______	_______
Total assets less current liabilities		614,578	666,548
		_______	_______
Creditors - amounts falling
due after more than one year	8	530,320	580,320
		_______	_______
Long term creditors		530,320	580,320
		________	________
Net assets/(liabilities)		84,258	86,228
Capital and reserves
Called up share capital	10	1,000	1,000
Profit and loss account	11	83,258	85,228
		________	________
Total shareholders funds		84,258	86,228







			Page 6

Adecot Properties Ltd

Balance Sheet

for the Period Ended 31 December 2022

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 2022 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

2023-09-18

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 2022

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 2022
2. Turnover	2022	2021
	£	£
United Kingdom	22,800	20,750
	_____	_____
Total	22,800	20,750
3. Taxation
The tax charge on the profit on ordinary activities	2022	2021
for the period was as follows	£	£
UK Corporation Tax net of reliefs	5
	____	_
Tax on profit on ordinary activities	5	0
































		Page 9

Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2022
4. Tangible fixed assets
	Land and	Total
	buildings
Cost	£	£
At 1 January 2022	482,939	482,939
	______	______
At 31 December 2022	482,939	482,939
Depreciation
At 1 January 2022

At 31 December 2022
Net book value
At 31 December 2022	482,939	482,939
At 31 December 2021	482,939	482,939




























		Page 10

Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2022
5. Fixed asset investments	2022	2021
Share in Adecot Garages Ltd	1	1
Total	1	1
6. Debtors	2022	2021
Amounts owed by group undertakings		129,187
	_	_________
Total	0	129,187
7. Creditors amounts falling due within one year	2022	2021
Corporation tax	5
Other taxation and social security	92	85
Other creditors	191	191
	______	______
Total	288	276
8. Creditors amounts falling due after more than one year	2022	2021
Bank loans	5,538	55,538
Amounts owed to group undertakings	524,767	524,767
Other creditors	15	15
	_________	_________
Total	530,320	580,320



















		Page 11

Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2022
9. Borrowings		2022	2021
The following loans are included within creditors		£	£
Over five years		530,320	580,320
		_________	_________
Total		530,320	580,320
10. Share capital		2022	2021
Authorised type	Par value	£	£
Ordinary	1	1,000	1,000
		____	____
Total		1,000	1,000
Allotted, called up and paid		£	£
Called up and paid		1,000	1,000
		____	____
Total		1,000	1,000
11. Reserves/Retained profit
Retained profit reconciliation		£
Reserves at 1 January 2022		85,228
Profit/(Loss) for year		(1,968)
Other adjustments		(1)
Dividends paid
		________________
Retained Profit/(Loss) at 31 December 2022		83,258












			Page 12