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Registered number: 11626398
Ade Crown Ventures Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
GA CORPORATE CONSULTING LIMITED
286 Moston Lane
Manchester
M40 9WB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11626398
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 260 380
260 380
CURRENT ASSETS
Debtors 5 3,392 -
Cash at bank and in hand 28 1,320
3,420 1,320
Creditors: Amounts Falling Due Within One Year 6 (1,074 ) (741 )
NET CURRENT ASSETS (LIABILITIES) 2,346 579
TOTAL ASSETS LESS CURRENT LIABILITIES 2,606 959
NET ASSETS 2,606 959
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 2,506 859
SHAREHOLDERS' FUNDS 2,606 959
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Aderemi Adeleke
Director
4th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ade Crown Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11626398 . The registered office is 11 Hewitson Gardens, Gladys Road, Smethwick, West Midlands, B67 5AR.
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment Straight Line Basis - 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 3)
1 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 500
As at 31 October 2024 500
Depreciation
As at 1 November 2023 120
Provided during the period 120
As at 31 October 2024 240
Net Book Value
As at 31 October 2024 260
As at 1 November 2023 380
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,392 -
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,074 741
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Aderemi Adeleke 4,000 2,601
9. Ultimate Controlling Party
The company's ultimate controlling party is Aderemi ADELEKE by virtue of his ownership of 100% of the issued share capital in the company.
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