NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
ADBM Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is given in the company information page of these financial statements. Due to the nature of the company there is no trading address.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The
company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act
2006 not to prepare group accounts.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Dividend income is recognised when the right to receive payment is established.
The average monthly number of employees, including directors, during the period was 2 (2023: 2).
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