Adecot Properties Ltd xbrl

ADECOT PROPERTIES LIMITED - Company Information

2016-01-01 2016-12-31 2016-12-31 Trading false The accounts were prepared in accordance with frs102 With an accountants report AbridgedAccounts This company is a private limited company 04911548 2016-12-31 04911548 2015-12-31 04911548 2014-12-31 04911548 2016-01-01 2016-12-31 04911548 2015-01-01 2015-12-31 04911548 uk-cd-pres:AllEntityOfficers 2016-01-01 2016-12-31 04911548 uk-cd-pres:AllEntityOfficers 2015-01-01 2015-12-31 04911548 uk-cd-pres:CompanySecretary1 2016-01-01 2016-12-31 04911548 uk-cd-pres:CompanySecretaryDirector1 2016-01-01 2016-12-31 04911548 uk-cd-pres:CompanySecretaryDirector1 2016-12-31 04911548 uk-cd-pres:Director1 2016-01-01 2016-12-31 04911548 uk-cd-pres:Director1 2016-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2016-12-31 04911548 uk-cd-pres:AllPreferenceShares 2016-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2015-12-31 04911548 uk-cd-pres:AllPreferenceShares 2015-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2016-01-01 2016-12-31 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 01/01/2016

End date 31/12/2016






















							Page 1

Adecot Properties Ltd

Contents of the Financial Statements
for the Period Ended 31 December 2016


							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 2016

Directors		Fergal Grist

Company secretary		Fergal Grist

Registered office		2 Thanet Court
		Queens Drive
		London W3 0HW

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 2016
The directors present their report with the financial statements of the company for the
period ended 31 December 2016
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		2017-09-26
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 2016
		2016	2015
	Notes	£	£

Turnover	2	27,713	30,376
		______	______
Gross Profit/(Loss)		27,713	30,376

Administrative expenses		16,557	11,303
		______	______
Operating costs		16,557	11,303

		______	______
Operating Profit/(Loss)		11,156	19,073
		______	______
Interest receivable and similar		326	493
Interest payable and similar		2,971	3,589
		______	______
Net Finance income/(Loss)		(2,645)	(3,096)
		______	______
Profit/(Loss) on ordinary activities before taxation		8,511	15,978

Tax on profit on ordinary activities	3	1,702	3,196
		_______	_____
Profit/(Loss) for the financial period after taxation		6,809	12,782

The notes form part of these financial statements










			Page 5

Adecot Properties Ltd
Balance Sheet
for the Period Ended 31 December 2016
Company registration number 04911548
		2016	2015
	Notes	£	£
Fixed assets
Tangible fixed assets	4	482,939	482,939
Investments	5	1
		_______	_______
Total fixed assets		482,940	482,939
Current assets
Debtors	6	129,187	129,475
Cash at bank and in hand		96,505	105,902
		_______	_______
Total current assets/(liabilities)		225,692	235,377
Creditors
Creditors - amounts falling
due within one year	7	1,893	3,386
		_______	_______
Net current assets		223,799	231,991
		_______	_______
Total assets less current liabilities		706,739	714,930
		_______	_______
Creditors - amounts falling
due after more than one year	8	659,320	674,320
		_______	_______
Long term creditors		659,320	674,320
		________	________
Net assets/(liabilities)		47,418	40,610
Capital and reserves
Called up share capital	10	1,000	1,000
Profit and loss account	11	46,418	39,610
		________	________
Total shareholders funds		47,418	40,610







			Page 6

Adecot Properties Ltd

Balance Sheet

for the Period Ended 31 December 2016

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The option not to file the profit and loss account has been taken.

For the year ending 31 December 2016 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 members have agreed to the preparation of abridged accounts.

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

2017-09-26

SIGNED ON BEHALF OF THE BOARD BY

Name

Fergal Grist

The notes form part of these financial statements

Page 7

Adecot Properties Ltd

Notes to the Financial Statements

for the Period Ended 31 December 2016

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 2016
2. Turnover	2016	2015
	£	£
United Kingdom	27,713	30,376
	_______	_______
Total	27,713	30,376
3. Taxation
The tax charge on the profit on ordinary activities	2016	2015
for the period was as follows	£	£
UK Corporation Tax net of reliefs	1,702	3,196
	________	______
Tax on profit on ordinary activities	1,702	3,196
































		Page 9

Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2016
4. Tangible fixed assets
	Land and	Total
	buildings
Cost	£	£
At 1 January 2016	482,939	482,939
	______	______
At 31 December 2016	482,939	482,939
Depreciation
At 1 January 2016

At 31 December 2016
Net book value
At 31 December 2016	482,939	482,939
At 31 December 2015	482,939	482,939




























		Page 10

Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2016
5. Fixed asset investments	2016	2015
Unlisted	1
Total	1	0
6. Debtors	2016	2015
Trade debtors		288
Amounts owed by group undertakings	129,187	129,187
	_________	_________
Total	129,187	129,475
7. Creditors amounts falling due within one year	2016	2015
Corporation tax	1,702	3,195
Other creditors	191	190
	________	________
Total	1,893	3,386
8. Creditors amounts falling due after more than one year	2016	2015
Bank loans	134,538	149,538
Amounts owed to group undertakings	524,767	524,767
Other creditors	15	15
	_________	_________
Total	659,320	674,320



















		Page 11

Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2016
9. Borrowings		2016	2015
The following loans are included within creditors		£	£
Over five years		659,320	674,320
		_________	_________
Total		659,320	674,320
10. Share capital		2016	2015
Authorised type	Par value	£	£
Ordinary	1	1,000	1,000
		____	____
Total		1,000	1,000
Allotted, called up and paid		£	£
Called Up		1,000	1,000
		____	____
Total		1,000	1,000
11. Reserves/Retained profit
Retained profit reconciliation		£
Reserves at 1 January 2016		39,610
Profit/(Loss) for year		6,809
Dividends paid
		_________
Retained Profit/(Loss) at 31 December 2016		46,418













			Page 12