Adecot Properties Ltd xbrl

Adecot Properties Ltd xbrl

ADECOT PROPERTIES LIMITED - Company Information

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2017-01-01 2017-12-31 2017-12-31 Trading false The accounts were prepared in accordance with frs102 With an accountants report AbridgedAccounts This company is a private limited company 04911548 2017-12-31 04911548 2016-12-31 04911548 2015-12-31 04911548 2017-01-01 2017-12-31 04911548 2016-01-01 2016-12-31 04911548 uk-cd-pres:AllEntityOfficers 2017-01-01 2017-12-31 04911548 uk-cd-pres:AllEntityOfficers 2016-01-01 2016-12-31 04911548 uk-cd-pres:CompanySecretary1 2017-01-01 2017-12-31 04911548 uk-cd-pres:CompanySecretaryDirector1 2017-01-01 2017-12-31 04911548 uk-cd-pres:CompanySecretaryDirector1 2017-12-31 04911548 uk-cd-pres:Director1 2017-01-01 2017-12-31 04911548 uk-cd-pres:Director1 2017-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2017-12-31 04911548 uk-cd-pres:AllPreferenceShares 2017-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2016-12-31 04911548 uk-cd-pres:AllPreferenceShares 2016-12-31 04911548 uk-cd-pres:AllOrdinaryShares 2017-01-01 2017-12-31 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 01/01/2017
 
End date 31/12/2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Adecot Properties Ltd
 
Contents of the Financial Statements
for the Period Ended 31 December 2017
 
 
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 2017
 
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 2017
The directors present their report with the financial statements of the company for the
period ended 31 December 2017
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 2018-09-10
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 2017
2017 2016
Notes £ £
 
Turnover 2 29,250 27,713
______ ______
Gross Profit/(Loss) 29,250 27,713
 
Administrative expenses 14,209 16,557
______ ______
Operating costs 14,209 16,557
 
______ ______
Operating Profit/(Loss) 15,041 11,156
______ ______
Interest receivable and similar 201 326
Interest payable and similar 2,718 2,971
______ ______
Net Finance income/(Loss) (2,517) (2,645)
______ ______
Profit/(Loss) on ordinary activities before taxation 12,524 8,511
 
Tax on profit on ordinary activities 3 2,411 1,702
________ _______
Profit/(Loss) for the financial period after taxation 10,114 6,809
There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 31 December 2017
 
The notes form part of these financial statements
 
 
 
 
 
 
 
Page 5
Adecot Properties Ltd
Balance Sheet
for the Period Ended 31 December 2017
Company registration number 04911548
2017 2016
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 6 129,187 129,187
Cash at bank and in hand 107,327 96,505
_______ _______
Total current assets/(liabilities) 236,514 225,692
Creditors
Creditors - amounts falling
due within one year 7 2,601 1,893
_______ _______
Net current assets 233,913 223,799
_______ _______
Total assets less current liabilities 716,853 706,739
_______ _______
Creditors - amounts falling
due after more than one year 8 659,320 659,320
_______ _______
Long term creditors 659,320 659,320
________ ________
Net assets/(liabilities) 57,532 47,418
Capital and reserves
Called up share capital 10 1,000 1,000
Profit and loss account 11 56,532 46,418
________ ________
Total shareholders funds 57,532 47,418
 
 
 
 
 
 
 
Page 6
Adecot Properties Ltd
 
Balance Sheet
for the Period Ended 31 December 2017
 
 
 
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 2017 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 2018-09-10
 
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 2017
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 2017
2. Turnover 2017 2016
£ £
United Kingdom 29,250 27,713
_____ _______
Total 29,250 27,713
3. Taxation
The tax charge on the profit on ordinary activities 2017 2016
for the period was as follows £ £
UK Corporation Tax net of reliefs 2,411 1,702
________________ ________
Tax on profit on ordinary activities 2,411 1,702
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2017
4. Tangible fixed assets
Land and Total
buildings
Cost £ £
At 1 January 2017 482,939 482,939
______ ______
At 31 December 2017 482,939 482,939
Depreciation
At 1 January 2017
At 31 December 2017
Net book value
At 31 December 2017 482,939 482,939
At 31 December 2016 482,939 482,939
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2017
5. Fixed asset investments 2017 2016
Unlisted 1 1
Total 1 1
6. Debtors 2017 2016
Amounts owed by group undertakings 129,187 129,187
_________ _________
Total 129,187 129,187
7. Creditors amounts falling due within one year 2017 2016
Trade creditors 2,410 1,702
Other creditors 191 191
________________ ________
Total 2,601 1,893
8. Creditors amounts falling due after more than one year 2017 2016
Bank loans 134,538 134,538
Amounts owed to group undertakings 524,767 524,767
Other creditors 15 15
_________ _________
Total 659,320 659,320
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
Adecot Properties Ltd
Notes to the Financial Statements
for the Period Ended 31 December 2017
9. Borrowings 2017 2016
The following loans are included within creditors £ £
Over five years 659,320 659,320
_________ _________
Total 659,320 659,320
10. Share capital 2017 2016
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 2017 46,418
Profit/(Loss) for year 10,114
Dividends paid
_________
Retained Profit/(Loss) at 31 December 2017 56,532
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12