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REGISTERED NUMBER: 07972215 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Abode Sales and Lettings Limited

Abode Sales and Lettings Limited (Registered number: 07972215)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

Abode Sales and Lettings Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mrs S T Back
Mrs N Salvatori





REGISTERED OFFICE: 38 North Lane
Canterbury
Kent
CT2 7EE





REGISTERED NUMBER: 07972215 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Abode Sales and Lettings Limited (Registered number: 07972215)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,924 2,263

CURRENT ASSETS
Debtors 5 308,345 331,400
Cash at bank 5,922 2,797
314,267 334,197
CREDITORS
Amounts falling due within one year 6 51,436 77,405
NET CURRENT ASSETS 262,831 256,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,755

259,055

CREDITORS
Amounts falling due after more than one
year

7

37,964

43,246
NET ASSETS 226,791 215,809

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 226,789 215,807
SHAREHOLDERS' FUNDS 226,791 215,809

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

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

Abode Sales and Lettings Limited (Registered number: 07972215)

Balance Sheet - continued
31 March 2023


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

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 25 September 2023 and were signed on its behalf by:





Mrs N Salvatori - Director


Abode Sales and Lettings Limited (Registered number: 07972215)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Abode Sales and Lettings 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.

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.

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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 10 ) .

Abode Sales and Lettings Limited (Registered number: 07972215)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 6,469
DEPRECIATION
At 1 April 2022 4,206
Charge for year 339
At 31 March 2023 4,545
NET BOOK VALUE
At 31 March 2023 1,924
At 31 March 2022 2,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 308,345 331,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Tax 15,146 26,446
Social security and other taxes - 270
Pension Payable 161 239
VAT 7,852 13,348
Directors' current accounts 22,721 14,093
Other creditors - 16,154
Accrued expenses - 1,299
51,436 77,405

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 15,741 21,023
37,964 43,246

Abode Sales and Lettings Limited (Registered number: 07972215)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,741 21,023

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Abode Sales and Lettings Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abode Sales and Lettings Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Abode Sales and Lettings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abode Sales and Lettings Limited and state those matters that we have agreed to state to the Board of Directors of Abode Sales and Lettings Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abode Sales and Lettings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abode Sales and Lettings Limited. You consider that Abode Sales and Lettings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abode Sales and Lettings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


26 September 2023