Registered number
06894357
Adeo Property Management Ltd
Filleted Accounts
31 May 2024
Adeo Property Management Ltd
Registered number: 06894357
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 117 156
Current assets
Debtors 4 47,170 46,013
Cash at bank and in hand 8,112 6,901
55,282 52,914
Creditors: amounts falling due within one year 5 (51,497) (50,893)
Net current assets 3,785 2,021
Net assets 3,902 2,177
Capital and reserves
Called up share capital 51 51
Profit and loss account 3,851 2,126
Shareholders' funds 3,902 2,177
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Brazier
Director
Approved by the board on 10 February 2025
Adeo Property Management Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 June 2023 8,729
At 31 May 2024 8,729
Depreciation
At 1 June 2023 8,573
Charge for the year 39
At 31 May 2024 8,612
Net book value
At 31 May 2024 117
At 31 May 2023 156
4 Debtors 2024 2023
£ £
Trade debtors and accruals 27,184 20,058
Amounts owed by group undertakings and undertakings in which the company has a participating interest 19,986 19,986
Other debtors - 5,969
47,170 46,013
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 649
Trade creditors 8,467 1,315
Amounts owed to group undertakings and undertakings in which the company has a participating interest 36,385 36,386
Taxation and social security costs 5,996 3,287
Other creditors 649 9,256
51,497 50,893
6 Other information
Adeo Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 16, Oakhurst Business Park
Wilberforce Way
Southwater
West Sussex
RH13 9RT
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