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REGISTERED NUMBER: 12767229 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

NOTLEY ABBEY LTD

NOTLEY ABBEY LTD (REGISTERED NUMBER: 12767229)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NOTLEY ABBEY LTD

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2022







DIRECTORS: R M Cutmore-Scott
Mrs J J Cutmore-Scott
S M Cutmore Scott





SECRETARY: R M Cutmore-Scott





REGISTERED OFFICE: C/o Peachey & Co Llp
95 Aldwych
London
WC2B 4JF





REGISTERED NUMBER: 12767229 (England and Wales)





ACCOUNTANTS: Knight & Company Ltd
11 Castle Hill
Maidenhead
Berkshire
SL6 4AA

NOTLEY ABBEY LTD (REGISTERED NUMBER: 12767229)

ABRIDGED BALANCE SHEET
31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,236,697 -

CURRENT ASSETS
Debtors 334,240 -
Cash at bank and in hand 17,121 -
351,361 -
CREDITORS
Amounts falling due within one year 2,312,338 -
NET CURRENT LIABILITIES (1,960,977 ) -
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,275,720

-

CREDITORS
Amounts falling due after more than one
year

5

5,032,961

-
NET ASSETS 242,759 -

CAPITAL AND RESERVES
Called up share capital 50 -
Retained earnings 242,709 -
SHAREHOLDERS' FUNDS 242,759 -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

NOTLEY ABBEY LTD (REGISTERED NUMBER: 12767229)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2022


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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





R M Cutmore-Scott - Director


NOTLEY ABBEY LTD (REGISTERED NUMBER: 12767229)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2022

1. STATUTORY INFORMATION

Notley Abbey Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2021 - NIL ) .

NOTLEY ABBEY LTD (REGISTERED NUMBER: 12767229)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 7,572,332
At 31 December 2022 7,572,332
DEPRECIATION
Charge for year 335,635
At 31 December 2022 335,635
NET BOOK VALUE
At 31 December 2022 7,236,697

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/12/22 31/12/21
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 3,072,305 -

6. RELATED PARTY DISCLOSURES

Throughout the current year the company was controlled by Mr & Mrs Cutmore-Scott by virtue of the fact that they own all of the ordinary share capital of the company.
Mr & Mrs Cutmore-Scott are also partner in Prowess partnership. As at 31st December 2022 the balance owed to Notley Abbey by the partnership was £740,635.
Mr & Mrs Cutmore-Scott also own Prowess Limited. As at 31st December 2022 the balance owing to Prowess Limited was £593,990.