REGISTERED NUMBER: 09876208 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2019

for

AdRem Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P Allen

REGISTERED OFFICE:

Unit Ten Tiger Court

Kings Business Park

Knowsley

Liverpool

Merseyside

L34 1BH

REGISTERED NUMBER:

09876208 (England and Wales)

ACCOUNTANTS:

SPi Accountancy LLP

Unit 10 Tiger Court

Kings Business Park

Knowsley

Liverpool

Merseyside

L34 1BH

CURRENT ASSETS

Debtors

5

8,691

14,500

Cash at bank

39,919

43,762

48,610

58,262

CREDITORS

Amounts falling due within one year

6

12,886

24,242

NET CURRENT ASSETS

35,724

34,020

TOTAL ASSETS LESS CURRENT LIABILITIES

35,724

34,020

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

35,624

33,920

SHAREHOLDERS' FUNDS

35,724

34,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 29 September 2020 and were signed by:

Mr P Allen - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2018

and 30 November 2019

1,112

DEPRECIATION

At 1 December 2018

and 30 November 2019

1,112

NET BOOK VALUE

At 30 November 2019

-

At 30 November 2018

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

-

14,400

Other debtors

8,691

100

8,691

14,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Taxation and social security

12,886

22,668

Other creditors

-

1,574

12,886

24,242

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.19

30.11.18

value:

£

£

100

Ordinary

£1.00

100

100

8.

RESERVES

Retained

earnings

£

At 1 December 2018

33,920

Profit for the year

54,324

Dividends

(52,620

)

At 30 November 2019

35,624

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2019 and

30 November 2018:

30.11.19

30.11.18

£

£

Mr P Allen

Balance outstanding at start of year

-

-

Amounts advanced

10,070

-

Amounts repaid

(1,123

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,947

-

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £52,620 were paid to the director .

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Allen.