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Company Registration No. 12742507 (England and Wales)
Adam & Jamilou Properties Limited Unaudited accounts for the year ended 31 July 2024
Adam & Jamilou Properties Limited Unaudited accounts Contents
Page
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Adam & Jamilou Properties Limited Company Information for the year ended 31 July 2024
Directors
Adam Connell Jamilou Espiritu
Company Number
12742507 (England and Wales)
Registered Office
Suite A 82 James Carter Road Mildenhall IP28 7DE England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Adam & Jamilou Properties Limited Accountants' report
Accountants' report to the board of directors of Adam & Jamilou Properties Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Adam & Jamilou Properties Limited for the year ended 31 July 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Adam & Jamilou Properties Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Adam & Jamilou Properties Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adam & Jamilou Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Adam & Jamilou Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Adam & Jamilou Properties Limited. You consider that Adam & Jamilou Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Adam & Jamilou Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 10 December 2024
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Adam & Jamilou Properties Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
760,000 
420,499 
Current assets
Debtors
13,586 
2,680 
Cash at bank and in hand
3,611 
37,309 
17,197 
39,989 
Creditors: amounts falling due within one year
(333,326)
(198,597)
Net current liabilities
(316,129)
(158,608)
Total assets less current liabilities
443,871 
261,891 
Creditors: amounts falling due after more than one year
(361,113)
(273,581)
Provisions for liabilities
Deferred tax
(23,570)
- 
Net assets/(liabilities)
59,188 
(11,690)
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
125,496 
51,514 
Profit and loss account
(66,310)
(63,206)
Shareholders' funds
59,188 
(11,690)
For the year ending 31 July 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 28 January 2025 and were signed on its behalf by
Jamilou Espiritu Director Company Registration No. 12742507
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Adam & Jamilou Properties Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Adam & Jamilou Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12742507. The registered office is Suite A, 82 James Carter Road, Mildenhall, IP28 7DE, England.
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.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 August 2023
420,499 
Additions
223,687 
Net gain from fair value adjustments
115,814 
At 31 July 2024
760,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
13,586 
2,680 
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Adam & Jamilou Properties Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
331,916 
197,187 
Accruals
1,410 
1,410 
333,326 
198,597 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
361,113 
273,581 
Aggregate of amounts that fall due for payment after five years
361,113 
273,581 
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
41,832 
- 
Tax losses carried forward
(18,262)
- 
23,570 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
23,570 
- 
Provision at end of year
23,570 
- 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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