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Company Registration No. 12878860 (England and Wales)
THE DIADEM PROPS LTD Unaudited accounts for the year ended 30 September 2024
THE DIADEM PROPS LTD Unaudited accounts Contents
Page
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THE DIADEM PROPS LTD Company Information for the year ended 30 September 2024
Directors
Chika Afolabi Feyisayo Afolabi
Company Number
12878860 (England and Wales)
Registered Office
2 GUIDE COURT AUDENSHAW MANCHESTER M34 5ZN ENGLAND
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THE DIADEM PROPS LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
471,214 
471,214 
Current assets
Investments
57,200 
57,200 
Cash at bank and in hand
1,854 
2,748 
59,054 
59,948 
Creditors: amounts falling due within one year
(305,208)
(305,939)
Net current liabilities
(246,154)
(245,991)
Total assets less current liabilities
225,060 
225,223 
Creditors: amounts falling due after more than one year
(253,548)
(253,548)
Net liabilities
(28,488)
(28,325)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(28,490)
(28,327)
Shareholders' funds
(28,488)
(28,325)
For the year ending 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 directors acknowledge their 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 of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by
Feyisayo Afolabi Director Company Registration No. 12878860
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THE DIADEM PROPS LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
THE DIADEM PROPS LTD is a private company, limited by shares, registered in England and Wales, registration number 12878860. The registered office is 2 GUIDE COURT, AUDENSHAW, MANCHESTER, M34 5ZN, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 October 2023
471,214 
At 30 September 2024
471,214 
Depreciation
At 30 September 2024
- 
Net book value
At 30 September 2024
471,214 
At 30 September 2023
471,214 
5
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
57,200 
57,200 
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THE DIADEM PROPS LTD Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
199,474 
199,474 
Loans from directors
104,234 
105,715 
Accruals
1,500 
750 
305,208 
305,939 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
253,548 
253,548 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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