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Company Registration No. 11469845 (England and Wales)
Ladele Property Limited Unaudited accounts for the year ended 31 July 2023
Ladele Property Limited Unaudited accounts Contents
Page
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Ladele Property Limited Company Information for the year ended 31 July 2023
Directors
Awujoola Olatomiwa LADELE Omowunmi Maryam Olubusola LADELE
Company Number
11469845 (England and Wales)
Registered Office
8 Broadacre View Gravesend Kent DA11 7FX England
Accountants
Accounts Fortress Limited 14 Eleanor close Dartford Kent DA1 5GQ
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Ladele Property Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
201,000 
190,000 
Current assets
Cash at bank and in hand
2,473 
1,503 
Creditors: amounts falling due within one year
(59,612)
(57,396)
Net current liabilities
(57,139)
(55,893)
Total assets less current liabilities
143,861 
134,107 
Creditors: amounts falling due after more than one year
(116,962)
(116,962)
Net assets
26,899 
17,145 
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
6,035 
3,945 
Profit and loss account
20,854 
13,190 
Shareholders' funds
26,899 
17,145 
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 6 March 2024 and were signed on its behalf by
Awujoola Olatomiwa LADELE Director Company Registration No. 11469845
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Ladele Property Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Ladele Property Limited is a private company, limited by shares, registered in England and Wales, registration number 11469845. The registered office is 8 Broadacre View, Gravesend, Kent, DA11 7FX, 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 August 2022
190,000 
Net gain from fair value adjustments
11,000 
At 31 July 2023
201,000 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
59,612 
57,396 
Included in creditors amounts due within one year is a loan of £59,612 (2022: £57,396) granted to the company by Mr A.O LADELE (Director). The loan is unsecured, interest free and repayable on demand
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Ladele Property Limited Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
116,962 
116,962 
Aggregate of amounts that fall due for payment after five years
116,962 
116,962 
Included in creditors amounts due after more than one year, are bank loans secured over investment properties of the company
7
Controlling party
The company is controlled by its directors Mr A O Ladele and Miss O Koiki
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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