REGISTERED NUMBER: 05822855 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

AAD Properties Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Dobbing

M Dobbing

SECRETARY:

A Dobbing

REGISTERED OFFICE:

17 Queens Street

Queens Arcade

Darlington

DL3 6SH

REGISTERED NUMBER:

05822855 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Investment property

4

531,327

482,940

CURRENT ASSETS

Stocks

91,276

35,801

Debtors

5

35,071

34,570

Cash at bank

3,614

1,938

129,961

72,309

CREDITORS

Amounts falling due within one year

6

582,705

470,616

NET CURRENT LIABILITIES

(452,744

)

(398,307

)

TOTAL ASSETS LESS CURRENT LIABILITIES

78,583

84,633

CREDITORS

Amounts falling due after more than one year

7

43,569

61,543

NET ASSETS

35,014

23,090

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

34,914

22,990

SHAREHOLDERS' FUNDS

35,014

23,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28 June 2018 and were signed on its behalf by:

A Dobbing - Director

M Dobbing - Director

1.	STATUTORY INFORMATION

AAD Properties Limited is a private company, limited by shares , registered in England and Wales. 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 September 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 1 October 2015.

In preparing the financial statements, the directors have considered whether in applying the accounting policies

required by FRS102 Section 1a "Small Entities", the restatement of comparative items was required. The

transition to FRS102 Section 1a "Small Entities" has not resulted in any changes to accounting policies used.

Upon adoption of FRS102 Section 1A there were no transitional adjustments required and the company did not

take advantage of any transitional reliefs.

Investment property

Investment property is shown at cost and is currently being depreciated at 2% per annum. The directors consider

that not to depreciate would not give a true representation of the current market value of the property.

Stocks

Stocks include property acquired for re-sale and are valued at the lower of cost or net realisable value.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their

settlement value.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Other income

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2016

573,456

Additions

61,451

At 30 September 2017

634,907

DEPRECIATION

At 1 October 2016

90,516

Charge for year

13,064

At 30 September 2017

103,580

NET BOOK VALUE

At 30 September 2017

531,327

At 30 September 2016

482,940

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

3,071

3,070

Bar Luma Limited

7,000

7,000

Prepayments

25,000

24,500

35,071

34,570

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

16,813

15,652

Corporation tax

10,793

4,740

Taprich Limited

26,090

17,150

Beaumont Garage Limited

116,466

80,750

Kings Jewellers Limited

16,207

1,267

Directors' current accounts

394,195

347,325

Accrued expenses

2,141

3,732

582,705

470,616

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans - 1-2 years

16,812

15,954

Bank loans - 2-5 years

26,757

45,589

43,569

61,543

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

60,382

77,195

Bank borrowings were secured by way of legal mortgages and fixed charges dated from July 2006 to June 2009,

over the company's properties and all other current and future assets.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Dobbing and Mrs M Dobbing.