|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADAMS HOUSING (HOLDINGS) LIMITED |
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADAMS HOUSING (HOLDINGS) LIMITED |
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
|
|
|
ADAMS HOUSING (HOLDINGS) LIMITED (REGISTERED NUMBER: 07134827) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Report of the Accountants | 2 |
|
Balance Sheet | 3 | to | 4 |
|
Notes to the Financial Statements | 5 | to | 7 |
|
ADAMS HOUSING (HOLDINGS) LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
SECRETARY: |
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
BUSINESS ADDRESS: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
18 - 22 Stoney Lane |
Yardley |
Birmingham |
West Midlands |
B25 8YP |
|
|
|
BANKERS: |
|
534 Coventry Road |
Small Heath |
Birmingham |
West Midlands |
B10 QUP |
ADAMS HOUSING (HOLDINGS) LIMITED |
|
REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
ADAMS HOUSING (HOLDINGS) LIMITED |
|
|
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Director are not required to be filed with the Registrar of Companies. |
|
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2018 set out on pages four to ten and you consider that the company is exempt from an audit. |
|
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
|
|
|
|
|
|
|
Chartered Accountants |
18 - 22 Stoney Lane |
Yardley |
Birmingham |
West Midlands |
B25 8YP |
|
|
|
ADAMS HOUSING (HOLDINGS) LIMITED (REGISTERED NUMBER: 07134827) |
|
BALANCE SHEET |
31 MARCH 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
|
|
|
CURRENT ASSETS |
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Non Distributable reserves | 6 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges his responsibilities for: |
(a) |
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. |
ADAMS HOUSING (HOLDINGS) LIMITED (REGISTERED NUMBER: 07134827) |
|
BALANCE SHEET - continued |
31 MARCH 2018 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
ADAMS HOUSING (HOLDINGS) LIMITED (REGISTERED NUMBER: 07134827) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
1. | STATUTORY INFORMATION |
|
ADAMS Housing (Holdings) Limited is a
|
The company's registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
ADAMS HOUSING (HOLDINGS) LIMITED (REGISTERED NUMBER: 07134827) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
3. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 April 2017 |
|
|
2,011,222 |
Disposals |
|
( |
) | (50,000 | ) |
At 31 March 2018 |
|
|
1,961,222 |
NET BOOK VALUE |
At 31 March 2018 |
|
|
1,961,222 |
At 31 March 2017 |
|
|
2,011,222 |
|
Cost or valuation at 31 March 2018 is represented by: |
|
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
Valuation in 2017 | - | 1,961,220 | 1,961,220 |
Cost | 2 | - | 2 |
2 | 1,961,220 | 1,961,222 |
|
The properties were valued by an officer of the company at open market value. |
|
During the year the company sold one of it's investments for a value in excess of it's valuation as at 31 March |
2017. The excess of disposal value over the valuation as at 31 March 2017 has been included in Profit for the |
year in the Income Statement on Page 4. A transfer has been made from Non Distributable reserves to |
distributable retained earnings for the difference between the original cost and the valuation as at 31 March 2017 |
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
|
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Amounts owed to group undertakings |
|
|
Amounts owed to connected companies | 741,375 | 772,242 |
Corporation tax |
|
|
VAT | 118 | 18,118 |
Directors' current accounts | 53,418 | 25,152 |
Accrued expenses |
|
|
|
|
ADAMS HOUSING (HOLDINGS) LIMITED (REGISTERED NUMBER: 07134827) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
6. | RESERVES |
Non |
Distributable |
reserves |
£ |
At 1 April 2017 |
|
Realised profit on sale of property | (17,111 | ) |
Deferred tax on properties | (155,190 | ) |
|
At 31 March 2018 |
|
|
7. | ULTIMATE CONTROLLING PARTY |
|
The company is controlled by Mr B Hussain who owns 100% of the share capital of the company. |