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Company Registration No. 14816234 (England and Wales)
Eyibummy Property Ltd Unaudited accounts for the year ended 30 April 2025
Eyibummy Property Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Eyibummy Property Ltd Company Information for the year ended 30 April 2025
Director
Eyitayo James Akingbala
Company Number
14816234 (England and Wales)
Registered Office
10 Ramsgate Road Manchester M40 2XE England
Accountants
SK Accountants MCR Ltd 86 Bury Old Road Manchester Manchester M8 5BW
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Eyibummy Property Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
596,898
380,724
Current assets
Cash at bank and in hand
11,053
697
Creditors: amounts falling due within one year
5
-
(500)
Net current assets
11,053
197
Total assets less current liabilities
607,951
380,921
Creditors: amounts falling due after more than one year
6
(573,619)
(385,253)
Provisions for liabilities
Deferred tax
(12,631)
-
Net assets/(liabilities)
21,701
(4,332)
Capital and reserves
Called up share capital
2
2
Profit and loss account
21,699
(4,334)
Shareholders' funds
21,701
(4,332)
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 22 January 2026 and were signed on its behalf by
Eyitayo James Akingbala Director Company Registration No. 14816234
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Eyibummy Property Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Eyibummy Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 14816234. The registered office is 10 Ramsgate Road, Manchester, M40 2XE, 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
These financial statements for the year ended 30 April 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 20 April 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 valuation
At 1 May 2024
380,724
Additions
165,650
Revaluations
50,524
At 30 April 2025
596,898
Depreciation
At 30 April 2025
-
Net book value
At 30 April 2025
596,898
At 30 April 2024
380,724
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
-
500
- 5 -
Eyibummy Property Ltd Notes to the Accounts for the year ended 30 April 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
437,226
270,436
Other creditors
3,552
12,000
Loans from directors
132,841
102,817
573,619
385,253
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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