Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11015999 Mr Godwin Adegbite Mrs Modinat Olushanu Mr Oluwaseun Olushanu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11015999 2022-10-31 11015999 2023-10-31 11015999 2022-11-01 2023-10-31 11015999 frs-core:CurrentFinancialInstruments 2023-10-31 11015999 frs-core:Non-currentFinancialInstruments 2023-10-31 11015999 frs-core:ShareCapital 2023-10-31 11015999 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11015999 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11015999 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11015999 frs-bus:SmallEntities 2022-11-01 2023-10-31 11015999 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11015999 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11015999 frs-bus:Director1 2022-11-01 2023-10-31 11015999 frs-bus:Director2 2022-11-01 2023-10-31 11015999 frs-bus:Director3 2022-11-01 2023-10-31 11015999 frs-countries:EnglandWales 2022-11-01 2023-10-31 11015999 2021-10-31 11015999 2022-10-31 11015999 2021-11-01 2022-10-31 11015999 frs-core:CurrentFinancialInstruments 2022-10-31 11015999 frs-core:Non-currentFinancialInstruments 2022-10-31 11015999 frs-core:ShareCapital 2022-10-31 11015999 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 11015999
Adeshanu Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11015999
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 249,139 246,850
Cash at bank and in hand 331 128
249,470 246,978
Creditors: Amounts Falling Due Within One Year 5 (102,168 ) (87,574 )
NET CURRENT ASSETS (LIABILITIES) 147,302 159,404
TOTAL ASSETS LESS CURRENT LIABILITIES 147,302 159,404
Creditors: Amounts Falling Due After More Than One Year 6 (18,264 ) (28,030 )
NET ASSETS 129,038 131,374
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account 129,035 131,371
SHAREHOLDERS' FUNDS 129,038 131,374
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Oluwaseun Olushanu
Director
22/07/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Adeshanu Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11015999 . The registered office is 3 Russell Close, Witham, CM8 1UH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 249,139 246,850
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 10,069 9,825
Accruals and deferred income 1,122 1,440
Directors' loan accounts 9,809 9,809
Amounts owed to related parties 81,168 66,500
102,168 87,574
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 18,264 28,030
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
8. Related Party Transactions
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.

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.

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 LimitedThe 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.

Morenike Investments Limited

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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 OlushanuDirecorDirector Loan Account with a payable balance of £9,809 as at 31 October 2023 (2022: £9,809).

Mr Oluwaseun Olushanu

Direcor

Director Loan Account with a payable balance of £9,809 as at 31 October 2023 (2022: £9,809).

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