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Company Registration No. 11469845 (England and Wales)
Ladele Property Limited Unaudited accounts for the year ended 31 July 2025
Ladele Property Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ladele Property Limited Company Information for the year ended 31 July 2025
Directors
Awujoola Olatomiwa LADELE Omowunmi Maryam Olubusola LADELE
Company Number
11469845 (England and Wales)
Registered Office
8 Broadacre View Gravesend Kent DA11 7FX England
Accountants
Accounts Fortress Limited Office 1215 12 Farwig Lane Bromley Kent BR1 3RB
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Ladele Property Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
216,000
201,000
Current assets
Cash at bank and in hand
3,130
10,101
Creditors: amounts falling due within one year
5
(64,943)
(59,020)
Net current liabilities
(61,813)
(48,919)
Total assets less current liabilities
154,187
152,081
Creditors: amounts falling due after more than one year
6
(128,194)
(128,194)
Net assets
25,993
23,887
Capital and reserves
Called up share capital
10
10
Revaluation reserve
8,885
6,035
Profit and loss account
17,098
17,842
Shareholders' funds
25,993
23,887
For the year ending 31 July 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 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 17 January 2026 and were signed on its behalf by
Awujoola Olatomiwa LADELE Director Company Registration No. 11469845
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Ladele Property Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Ladele Property Limited is a private company, limited by shares, registered in England and Wales, registration number 11469845. The registered office is 8 Broadacre View, Gravesend, Kent, DA11 7FX, 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2025
£
Fair value at 1 August 2024
201,000
Net gain from fair value adjustments
15,000
At 31 July 2025
216,000
5
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
64,943
59,020
Included in creditors amounts due within one year is a loan of £59,020 (2023: £59,612) granted to the company by Mr A.O LADELE (Director). The loan is unsecured, interest free and repayable on demand
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Ladele Property Limited Notes to the Accounts for the year ended 31 July 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
128,194
128,194
Included in creditors amounts due after more than one year, are bank loans secured over investment properties of the company
7
Controlling party
The company is controlled by its directors Mr A O Ladele and Mrs Omowunmi Maryam Olubusola LADELE
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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