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Company Registration No. 12742507 (England and Wales)
Adam & Jamilou Properties Limited Unaudited accounts for the year ended 31 July 2023
Adam & Jamilou Properties Limited Unaudited accounts Contents
Page
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Adam & Jamilou Properties Limited Company Information for the year ended 31 July 2023
Directors
Adam Connell Jamilou Espiritu
Company Number
12742507 (England and Wales)
Registered Office
First Floor 85 Great Portland Street London W1W 7LT England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Adam & Jamilou Properties Limited Accountants' report
Accountants' report to the board of directors of Adam & Jamilou Properties Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Adam & Jamilou Properties Limited for the year ended 31 July 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Adam & Jamilou Properties Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Adam & Jamilou Properties Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adam & Jamilou Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Adam & Jamilou Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Adam & Jamilou Properties Limited. You consider that Adam & Jamilou Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Adam & Jamilou Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 12 March 2024
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Adam & Jamilou Properties Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
420,499 
162,236 
Current assets
Debtors
2,680 
- 
Cash at bank and in hand
37,309 
1,047 
39,989 
1,047 
Creditors: amounts falling due within one year
(198,597)
(146,746)
Net current liabilities
(158,608)
(145,699)
Total assets less current liabilities
261,891 
16,537 
Creditors: amounts falling due after more than one year
(273,581)
(39,662)
Net liabilities
(11,690)
(23,125)
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
51,514 
28,087 
Profit and loss account
(63,206)
(51,214)
Shareholders' funds
(11,690)
(23,125)
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by
Jamilou Espiritu Director Company Registration No. 12742507
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Adam & Jamilou Properties Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Adam & Jamilou Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12742507. The registered office is First Floor, 85 Great Portland Street, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 August 2022
162,236 
Additions
234,836 
Net gain from fair value adjustments
23,427 
At 31 July 2023
420,499 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
2,680 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
197,187 
145,846 
Accruals
1,410 
900 
198,597 
146,746 
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Adam & Jamilou Properties Limited Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
273,581 
39,662 
Aggregate of amounts that fall due for payment after five years
273,581 
39,662 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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