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Company Registration No. 14118357 (England and Wales)
Ad Murum Limited Unaudited accounts for the year ended 31 May 2024
Ad Murum Limited Company Information for the year ended 31 May 2024
Director
Alexander Gray
Company Number
14118357 (England and Wales)
Registered Office
4 Ripon Gardens Newcastle upon Tyne NE2 1HN
Accountants
Accounting Inc. Ltd Hoults Yard Walker Rd Newcastle upon Tyne Tyne and Wear NE6 2HL
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Ad Murum Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
316,356 
316,356 
Current assets
Debtors
719 
552 
Cash at bank and in hand
512 
7,364 
1,231 
7,916 
Creditors: amounts falling due within one year
(2,832)
(754)
Net current (liabilities)/assets
(1,601)
7,162 
Total assets less current liabilities
314,755 
323,518 
Creditors: amounts falling due after more than one year
(343,514)
(320,662)
Net (liabilities)/assets
(28,759)
2,856 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(28,859)
2,756 
Shareholders' funds
(28,759)
2,856 
For the year ending 31 May 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 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 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 and authorised for issue on 20 February 2025 and were signed on its behalf by
Alexander Gray Director Company Registration No. 14118357
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Ad Murum Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Ad Murum Limited is a private company, limited by shares, registered in England and Wales, registration number 14118357. The registered office is 4 Ripon Gardens, Newcastle upon Tyne, NE2 1HN.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover represents amounts receivable for rent. Rental income is recognised on an accrual basis over the term of the lease agreements.
Going concern
The director has considered the company's financial position and available resources and believes it remains appropriate to prepare the financial statements on a going-concern basis. The director reviewed relevant factors, including expected cash flows and funding availability and is satisfied that the company can meet its obligations as they fall due.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
316,356 
At 31 May 2024
316,356 
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
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Ad Murum Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
433 
552 
Other debtors
286 
- 
719 
552 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
646 
Other creditors
2,724 
- 
Accruals
108 
108 
2,832 
754 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
169,000 
145,000 
Loans from directors
174,514 
175,662 
343,514 
320,662 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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