REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 January 2015 |
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for |
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Adelphi Midland Estates Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 January 2015 |
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for |
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Adelphi Midland Estates Limited |
Adelphi Midland Estates Limited (Registered number: 04160782) |
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Contents of the Abbreviated Accounts |
for the year ended 31 January 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Adelphi Midland Estates Limited |
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Company Information |
for the year ended 31 January 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Adelphi Midland Estates Limited (Registered number: 04160782) |
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Abbreviated Balance Sheet |
31 January 2015 |
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2015 | 2014 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
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The financial statements were approved by the Board of Directors on
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Adelphi Midland Estates Limited (Registered number: 04160782) |
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Notes to the Abbreviated Accounts |
for the year ended 31 January 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover, all of which is derived in the UK represents amounts receivable in respect of rent charged in the normal |
course of business, net of discounts, and sales related taxes. |
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Turnover is recognised as earned when, and to the extent that, the company obtains the right to rental income. |
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Investment property |
Investment properties are revalued annually. Surpluses or deficits on individual properties are transferred to the |
investment revaluation reserve, except that a deficit which is expected to be permanent and which is in excess of |
any previously recognised surplus over cost relating to the same property, or the reversal of such a deficit, is |
charged (or credited) to the profit and loss account. |
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Depreciation is not provided in respect of freehold investment properties, or in respect of leasehold investment |
properties where the unexpired term of the lease is more than 20 years. The directors consider that this |
accounting policy, which represents a departure from the statutory accounting rules, is necessary to provide a |
true and fair view as required under The Financial Reporting Standard for Smaller Entities (effective April 2008). |
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If the departure from the act had not been made, the profit for the year would have been decreased by |
depreciation. However, the amount of depreciation cannot be reasonably quantified, because depreciation is only |
one of many factors reflected in the annual valuation and the amount which may otherwise have been shown |
cannot be separately identified or quantified. |
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Taxation |
Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have |
been enacted or substantively enacted by the balance sheet date. |
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Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of |
income and expenditure in taxation computations in periods different from those in which they are included in the |
financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will be |
recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing differences |
can be deducted. |
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2. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 February 2014 |
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Disposals | ( |
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At 31 January 2015 |
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NET BOOK VALUE |
At 31 January 2015 |
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At 31 January 2014 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary A Shares | £1 |
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Ordinary B Shares | £1 |
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200 | 200 |
Adelphi Midland Estates Limited (Registered number: 04160782) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 January 2015 |
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4. | ULTIMATE PARENT COMPANY |
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During the period, the company declared no dividends to Flatpitch Ltd. |