12226081 2023-10-01 2024-09-30 12226081 uk-bus:Director1 2023-10-01 2024-09-30 12226081 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12226081 uk-bus:SmallEntities 2023-10-01 2024-09-30 12226081 uk-bus:FullAccounts 2023-10-01 2024-09-30 12226081 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12226081 2023-10-01 12226081 2024-09-30 12226081 2022-10-01 2023-09-30 12226081 2023-09-30 xbrli:pure iso4217:GBP 12226081 2022-10-01 2023-09-30
Company Registration Number : 12226081 (England and Wales)
12226081
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-09-30
false
ABEL ADUNN LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-10-01
ABEL ADUNN LIMITED
Unaudited financial statements and annual report
For the year ended 30 September 2024
ABEL ADUNN LIMITED
Contents
For the year ended 30 September 2024

CONTENTS PAGE
Company Information 3
Director's Report 4
Director's Responsibilities Statement
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10


ABEL ADUNN LIMITED
Company Information
For the year ended 30 September 2024

Company registration number 12226081 (England and Wales)
Director Olujimi Olufemi Obikoya
Registered office address 8 The Chesnuts
Cleevelands Drive
Cheltenham
GL50 1LR
Accountant












Accountant





ABEL ADUNN LIMITED
Director's Report
For the year ended 30 September 2024

The director presents his/her report and the Unaudited Financial Statements for the year ended 30 September 2024.
Principal activity
Buying and Letting of own property
Director of the company
The following directors held office during the whole of the period:
Olujimi Olufemi Obikoya
Statement of director's responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A.
Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to;
-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;and
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of directors and signed on its behalf by:
Olujimi Olufemi Obikoya (Director)
Date: 28 April 2025
This report was approved by the board on 2025-04-28 Date: 28 April 2025
ABEL ADUNN LIMITED
Accountant's report
For the year ended 30 September 2024

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of ABEL ADUNN LIMITED for the year ended 30 September 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ABEL ADUNN LIMITED for the year ended 30 September 2024.


We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.


You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.


The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.






2025-04-28 Date: 28 April 2025
5
ABEL ADUNN LIMITED
Income Statement
For the year ended 30 September 2024

2024 2023
Notes £ £
Turnover 5 36,964 37,364
Cost of sales (4,613) (96)
Gross profit 32,351 37,268
Selling and distribution expenses (290) (512)
Administrative expenses (1,575) (3,803)
Operating profit 30,486 32,953
Interest receivable and similar income 128 11
Interest payable and similar charges 7 (23,613) (23,589)
Profit on ordinary activities before taxation 7,000 9,375
Tax 8 (1,330) (1,781)
Profit for the year 5,670 7,594
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2024 2023
£ £
ABEL ADUNN LIMITED
Statement of Financial Position
For the year ended 30 September 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 9 1,039,810 1,039,810
1,039,810 1,039,810
Current assets
Cash and cash equivalents 10 11,766 4,076
11,766 4,076
Current liabilities
Creditors: Amounts falling due within one year 11 (196,258) (192,133)
Corporation tax payable (1,303) (2,409)
(197,561) (194,541)
Net current (liabilities)/assets (185,795) (190,465)
Total assets less current liabilities 854,015 849,345
Non-current liabilities
Creditors: Amounts falling due after more than one year 12 (741,489) (741,489)
Net assets/(liabilities) 112,526 107,856
Capital and reserves
Called up share capital 13 100,000 100,000
Retained earnings 12,526 7,856
Shareholders' funds 112,526 107,856
For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 30 September 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 their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 28 April 2025
.............................
Olujimi Olufemi Obikoya (Director)
Company registration number: 12226081
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-09-30 30 September 2024
2024 2023
£ £
Fixed Assets 1,039,810 1,039,810
Current Assets 11,766 4,076
Creditors: amounts falling due within one year (197,561) (194,541)
Net current assets/(liabilities) (185,795) (190,465)
Total assets less current liabilities 854,015 849,345
CREDITORS: Amounts falling due more than one year (741,489) (741,489)
Net Assets/(liabilities) 112,526 107,856
Capital and Reserves 112,526 107,856
For the year ending 30/09/2024 the company was entitled to exemption 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. For the year ending 30-09-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 28 April 2025 2025-04-28 and signed on behalf of the board,
.............................
Olujimi Olufemi OBIKOYA
Director
Company registration number: 12226081
ABEL ADUNN LIMITED
Notes to the Financial Statements
For the year ended 30 September 2024

(1) General Information
ABEL ADUNN LIMITED is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2024 2023
£ £
Sales 36,964 37,364
36,964 37,364

(6) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(7) Interest payable and similar charges
2024 2023
£ £
Interest on bank loans and overdrafts 23,613 23,589
23,613 23,589

(8) Tax
Current tax
2024 2023
£ £
Corporation tax charge for current year 1,330 1,781
Total current tax 1,330 1,781

(9) Tangible fixed assets
Land and Buildings
£
Cost
As at 01 October 20231,039,810
As at 30 September 20241,039,810
Depreciation
As at 30 September 2024-
Net book value
As at 30 September 20241,039,810
As at 30 September 20231,039,810

(10) Cash and cash equivalents
2024 2023
£ £
Bank balance 11,766 4,076
11,766 4,076

(11) Creditors: Amounts falling due within one year
2024 2023
£ £
Trade creditors - 456
Other creditors 196,258 191,677
196,258 192,133

(12) Creditors: Amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 741,489 741,489
741,489 741,489

(13) Share capital and reserves
Alloted, called up and fully paid: 2024 2023
£ £
100,000 (2023 : 100,000) Ordinary Shares of £ 1 each100,000100,000
100,000 100,000
Ordinary shares hold equal voting rights.
Retained earnings 2024
£
At 1 October 2023 7,856
Profit of the year 5,670
Dividends paid (1,000)
At 30 September 2024 12,526