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Company Registration No. 07657360 (England and Wales)
Adam Management Ltd Unaudited accounts for the year ended 31 March 2024
Adam Management Ltd Unaudited accounts Contents
Page
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Adam Management Ltd Company Information for the year ended 31 March 2024
Directors
DUDHWALA, Azeez DUDHWALA, Husena DUDHWALA, Mufaddal Shabbir MAHARAJ, Habiba
Company Number
07657360 (England and Wales)
Registered Office
2 Duncombe Way Bradford BD8 9SY
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Adam Management Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,429,341 
2,443,343 
Current assets
Debtors
10,606 
660 
Cash at bank and in hand
41,345 
222,184 
51,951 
222,844 
Creditors: amounts falling due within one year
(38,018)
(66,466)
Net current assets
13,933 
156,378 
Total assets less current liabilities
2,443,274 
2,599,721 
Creditors: amounts falling due after more than one year
(186,853)
(422,753)
Provisions for liabilities
Deferred tax
(10,502)
(10,642)
Net assets
2,245,919 
2,166,326 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
2,244,919 
2,165,326 
Shareholders' funds
2,245,919 
2,166,326 
For the year ending 31 March 2024 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 12 June 2024 and were signed on its behalf by
DUDHWALA, Azeez Director Company Registration No. 07657360
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Adam Management Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Adam Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 07657360. The registered office is 2 Duncombe Way, , Bradford, BD8 9SY.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
2,387,333 
140,023 
2,527,356 
At 31 March 2024
2,387,333 
140,023 
2,527,356 
Depreciation
At 1 April 2023
- 
84,013 
84,013 
Charge for the year
- 
14,002 
14,002 
At 31 March 2024
- 
98,015 
98,015 
Net book value
At 31 March 2024
2,387,333 
42,008 
2,429,341 
At 31 March 2023
2,387,333 
56,010 
2,443,343 
FRS102 (Section 1A) is not being adhered to with respect to the valuation of investment property. All investment property is currently stated at cost. The directors consider that no property is valued at less than cost.
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Adam Management Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,000 
- 
Accrued income and prepayments
606 
660 
10,606 
660 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,270 
1,649 
Trade creditors
- 
4,106 
Taxes and social security
28,748 
60,711 
38,018 
66,466 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
167,984 
403,884 
Accruals
18,869 
18,869 
186,853 
422,753 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
DUDHWALA, Azeez
Directors Loan Accounts
(403,884)
240,000 
4,100 
(167,984)
(403,884)
240,000 
4,100 
(167,984)
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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