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Balance Sheet | 1 |
Notes to the Financial Statements | 2—3 |
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 6 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 129,038 | 131,374 | |||
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Amounts owed by group undertakings |
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Bank loans and overdrafts |
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Accruals and deferred income |
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Directors' loan accounts |
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Amounts owed to related parties |
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Bank loans |
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Templegate Apartments and Properties Ltd.
The Company and the related party have common directorship.
Working capital injection by the related party. At 31 October 2023, the Company owed the related party £26,609 (2022: £21,733). The amount bears no interest and is repayable on demand.
Adeshanu Property Ltd.
The Company is a 100% parent of the related party.
At 31 October 2023, the Company is owed £249,139 from the related party (2022: 246,850). The balance is a receivable created as a result of the sale of investment property to the subsidiary.The amount bears no interest and is repayable on demand.
Morenike Investments Limited
The Company and the related party have common directorship.
Working capital injection by the related party. At 31 October 2023, the Company owed the related party £54,559 (2022: £44,767). The amount bears no interest and is repayable on demand.
Mr Oluwaseun Olushanu
Direcor
Director Loan Account with a payable balance of £9,809 as at 31 October 2023 (2022: £9,809).