0 0 Decent Abodes Ltd 14123153 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is 68209 Digita Accounts Production Advanced 6.30.9574.0 true 14123153 2023-06-01 2024-05-31 14123153 2024-05-31 14123153 core:RetainedEarningsAccumulatedLosses 2024-05-31 14123153 core:ShareCapital 2024-05-31 14123153 core:CurrentFinancialInstruments 2024-05-31 14123153 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14123153 core:Non-currentFinancialInstruments 2024-05-31 14123153 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 14123153 core:FurnitureFittingsToolsEquipment 2024-05-31 14123153 bus:SmallEntities 2023-06-01 2024-05-31 14123153 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 14123153 bus:FullAccounts 2023-06-01 2024-05-31 14123153 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14123153 bus:RegisteredOffice 2023-06-01 2024-05-31 14123153 bus:Director1 2023-06-01 2024-05-31 14123153 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14123153 bus:Agent1 2023-06-01 2024-05-31 14123153 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 14123153 countries:EnglandWales 2023-06-01 2024-05-31 14123153 2022-06-01 2023-05-31 14123153 2023-05-31 14123153 core:RetainedEarningsAccumulatedLosses 2023-05-31 14123153 core:ShareCapital 2023-05-31 14123153 core:CurrentFinancialInstruments 2023-05-31 14123153 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14123153 core:Non-currentFinancialInstruments 2023-05-31 14123153 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 xbrli:pure iso4217:GBP

Registration number: 14123153

Decent Abodes Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Decent Abodes Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Decent Abodes Ltd

Company Information

Director

Mrs Mary Ngugi

Registered office

38 Chadway
Dagenham
RM8 1UH

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Decent Abodes Ltd

(Registration number: 14123153)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

817

-

Investment property

6

246,282

-

 

247,099

-

Current assets

 

Debtors

7

100

1,000

Cash at bank and in hand

 

5

-

 

105

1,000

Creditors: Amounts falling due within one year

8

(2,019)

-

Net current (liabilities)/assets

 

(1,914)

1,000

Total assets less current liabilities

 

245,185

1,000

Creditors: Amounts falling due after more than one year

8

(300,163)

-

Net (liabilities)/assets

 

(54,978)

1,000

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

(55,978)

-

Shareholders' (deficit)/funds

 

(54,978)

1,000

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 22 May 2025
 

.........................................
Mrs Mary Ngugi
Director

 

Decent Abodes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
38 Chadway
Dagenham
RM8 1UH

These financial statements were authorised for issue by the director on 22 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Decent Abodes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

273

-

 

Decent Abodes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,090

1,090

At 31 May 2024

1,090

1,090

Depreciation

Charge for the year

273

273

At 31 May 2024

273

273

Carrying amount

At 31 May 2024

817

817

6

Investment properties

2024
£

Additions

246,282

At 31 May

246,282

The fair value of the property at 31st July 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £246,282 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

There has been no valuation of investment property by an independent valuer.

7

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

100

100

Other debtors

 

-

900

   

100

1,000

 

Decent Abodes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

365

-

Accruals and deferred income

1,654

-

2,019

-

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

300,163

-

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

300,163

-