Adeshanu Property Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11854219

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,200,000		1,200,000

			1,200,000		1,200,000
CURRENT ASSETS
Cash at bank and in hand		1,197		-

		1,197		-
Creditors: Amounts Falling Due Within One Year	5	(45,676 )		(253,183 )

NET CURRENT ASSETS (LIABILITIES)			(44,479 )		(253,183 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,155,521		946,817

Creditors: Amounts Falling Due After More Than One Year	6		(1,028,508 )		(750,813 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(72,285 )		(72,285 )

NET ASSETS			54,728		123,719

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			54,628		123,619

SHAREHOLDERS' FUNDS			54,728		123,719

Page 1

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Adeshanu Property Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Oluwaseun Olushanu

Director

04/11/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Adeshanu Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11854219 . The registered office is 3 Russell Close, Witham, CM8 1UH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Reveue is measured at the fair value of the consideration received, excluding discounts, rebates and VAT. The following criteria must also be met before revenue is recognised:

Income from investment properties

Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.

Service charge income is recognised as revenue in the period to which it relates.

2.3. Investment Properties

Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.

Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	1,200,000

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	10,466	10,193
Other creditors	-	5,623
Accruals and deferred income	1,319	1,320
Directors' loan accounts	30,282	24,716
Amounts owed to group undertakings	3,609	211,331

	45,676	253,183

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Adeshanu Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,028,508	750,813

7. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	1,026,638		737,699

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

Oluwaseun Olushanu

Director

At 31 March 2025, the company owed the Director £12,068 (2024: £9,889).

Godwin Adegbite

Director

At 31 March 2025, the company owed the Director £18,214 (2024: £14,827).

Adeshanu Ltd

Parent company

At 31 March 2025, the company owed Adeshanu Ltd £3,609 (2024: £210,281).

Morenike Investments Ltd

Common directorship

At 31 March 2025, Morenike Investment Ltd owed the company £nil (2024: £1,049).

Templegate Consultants Ltd (formerly Templegate Apartments and Properties Ltd)

Common directorship

At 31 March 2025, Templegate Consultants Ltd owed the company £nil (2024: £nil).

10. Ultimate Controlling Party

The company's ultimate controlling parent is Adeshanu Ltd by virtue of the ownership of 100% of the issued share capital in

the company.

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