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
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
Ad Murum Limited
Statement of financial position
as at 31 May 2024
Investment property
316,356
316,356
Cash at bank and in hand
512
7,364
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
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
Ad Murum Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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 represents amounts receivable for rent. Rental income is recognised on an accrual basis over the term of the lease agreements.
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.
Fair value at 1 June 2023
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.
Ad Murum Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
433
552
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
646
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
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).