Adelaide Jones Property Management Limited (formerly Davis Brown Limited) Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03604654

Adelaide Jones Property Management Limited (formerly Davis Brown Limited)

Filleted Unaudited Financial Statements

30 April 2025

Adelaide Jones Property Management Limited (formerly Davis Brown Limited)

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		3,046	1,411

Current assets

Debtors	6	187,215	143,777
Cash at bank and in hand		34,117	158,524
		--------	--------
		221,332	302,301

Creditors: amounts falling due within one year	7	110,321		216,610
		--------		--------
Net current assets			111,011	85,691
			--------	-------
Total assets less current liabilities			114,057	87,102

Provisions

Taxation including deferred tax	475	3
	--------	-------
Net assets	113,582	87,099
	--------	-------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	103,582	77,099
	--------	-------
Shareholders funds	113,582	87,099
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30th April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 8 January 2026 , and are signed on behalf of the board by:

Mr M R Nimba

Director

Company registration number: 03604654

Adelaide Jones Property Management Limited (formerly Davis Brown Limited)

Notes to the Financial Statements

Year ended 30th April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis.

(b) Revenue recognition

Turnover represents the invoiced value of services provided during the year exclusive of VAT. In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.

(c) Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

(d) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(e) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	25% straight line

(f) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(g) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liability or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(h) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1st May 2024	34,555	34,555
Additions	2,960	2,960
	-------	-------
At 30th April 2025	37,515	37,515
	-------	-------
Depreciation
At 1st May 2024	33,144	33,144
Charge for the year	1,325	1,325
	-------	-------
At 30th April 2025	34,469	34,469
	-------	-------
Carrying amount
At 30th April 2025	3,046	3,046
	-------	-------
At 30th April 2024	1,411	1,411
	-------	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	61,926	130,811
Amounts owed by group undertakings	121,099	–
Other debtors	4,190	12,966
	--------	--------
	187,215	143,777
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	25,444	15,255
Amounts owed to group undertakings	–	120,753
Corporation tax	60,461	60,386
Social security and other taxes	7,557	12,910
Other creditors	16,859	7,306
	--------	--------
	110,321	216,610
	--------	--------

8. Ultimate parent company

The company’s ultimate parent company is Adelaide Jones International Limited, a company incorporated in England.