ABEL, MCCALLISTER, ABEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023
Abel, Mccallister, Abel Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in sterling (£), which is the financial currency of the company. Monetary amounts are rounded to the nearest £.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Ordinary shares are classified as equity.
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Allotted, called up and fully paid
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1 Ordinary share of £1.00
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Upon incorporation on 1st February 2022 Ordinary £1 shares were allotted and fully paid up.
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Related party transactions
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The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.
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The company's immediate and ultimate parent is Abel Mccallister Abel LLC whose registered office is 2924 Dickerson Pike, Nashville, United States, 37207. Consolidated financial statements at a group level are not prepared. There is no ultimate controlling party.
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