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REGISTERED NUMBER: 04833956 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Athelbrae Limited

Athelbrae Limited (Registered number: 04833956)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Athelbrae Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: K Merrin
Mrs K R Merrin
Mrs F S Chainey





SECRETARY: Mrs K R Merrin





REGISTERED OFFICE: 10 Linnet Avenue
Paddock Wood
Kent
TN12 6XQ





REGISTERED NUMBER: 04833956 (England and Wales)





ACCOUNTANTS: K.J. Van-Doren
The Northdown
Cranbrook Road
Goudhurst
Cranbrook
Kent
TN17 1DP

Athelbrae Limited (Registered number: 04833956)

Abridged Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2 2
Tangible assets 5 1,119 1,223
1,121 1,225

CURRENT ASSETS
Debtors 39,536 10,512
Cash at bank 51,167 85,907
90,703 96,419
CREDITORS
Amounts falling due within one year 26,632 26,465
NET CURRENT ASSETS 64,071 69,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,192

71,179

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 65,092 71,079
SHAREHOLDERS' FUNDS 65,192 71,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Athelbrae Limited (Registered number: 04833956)

Abridged Statement of Financial Position - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:





K Merrin - Director


Athelbrae Limited (Registered number: 04833956)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Athelbrae Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets
Intangible fixed assets are stated at cost less amortisation. Amortisation is calculated to write off the cost, less estimated residual value, of an asset over its estimated useful life to the business. The annual amortisation rates and methods are as follows:

Goodwill - 20% per annum on cost
Intellectual property rights - 10% per annum on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Athelbrae Limited (Registered number: 04833956)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 39,500
AMORTISATION
At 1 August 2022
and 31 July 2023 39,498
NET BOOK VALUE

At 31 July 2023 2
At 31 July 2022 2

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 10,124
Additions 417
At 31 July 2023 10,541
DEPRECIATION
At 1 August 2022 8,901
Charge for year 521
At 31 July 2023 9,422
NET BOOK VALUE
At 31 July 2023 1,119
At 31 July 2022 1,223

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 2,392 2,392
Between one and five years 7,176 9,568
9,568 11,960

Athelbrae Limited (Registered number: 04833956)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 August 2022 71,079
Profit for the year 59,013
Dividends (65,000 )
At 31 July 2023 65,092

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of this company is deemed to be K and Mrs K R Merrin, directors, by virtue of their shareholdings in the company.