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Company Registration No. 14390968 (England and Wales)
Adedel Properties Ltd Unaudited accounts for the year ended 31 October 2024
Adedel Properties Ltd Unaudited accounts Contents
Page
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Adedel Properties Ltd Company Information for the year ended 31 October 2024
Directors
Bamidele Isaac Akinlabi Blessing Adenike Akinlabi
Company Number
14390968 (England and Wales)
Registered Office
27 Clifford Road Chafford Hundred Grays Essex RM16 6QF
Accountants
TDC Accountancy Ltd T-As Davies & Co. Merrydale House Linford Road Chadwell St. Mary Essex RM16 4LQ
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Adedel Properties Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
117,688 
- 
Current assets
Cash at bank and in hand
123 
120,331 
Creditors: amounts falling due within one year
(384)
(300)
Net current (liabilities)/assets
(261)
120,031 
Total assets less current liabilities
117,427 
120,031 
Creditors: amounts falling due after more than one year
(141,749)
(129,550)
Net liabilities
(24,322)
(9,519)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(24,324)
(9,521)
Shareholders' funds
(24,322)
(9,519)
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 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 21 January 2025 and were signed on its behalf by
Bamidele Isaac Akinlabi Director Company Registration No. 14390968
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Adedel Properties Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Adedel Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 14390968. The registered office is 27 Clifford Road, Chafford Hundred, Grays, Essex, RM16 6QF.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2023
- 
Additions
117,688 
At 31 October 2024
117,688 
Depreciation
At 31 October 2024
- 
Net book value
At 31 October 2024
117,688 
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Adedel Properties Ltd Notes to the Accounts for the year ended 31 October 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
384 
300 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
141,749 
129,550 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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