2022-03-012023-02-282023-02-28false11851956ABBOT'S PLACE LTD2023-10-12iso4217:GBPxbrli:pure118519562022-03-01118519562023-02-28118519562022-03-012023-02-28118519562021-03-01118519562022-02-28118519562021-03-012022-02-2811851956bus:SmallEntities2022-03-012023-02-2811851956bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2811851956bus:FullAccounts2022-03-012023-02-2811851956bus:PrivateLimitedCompanyLtd2022-03-012023-02-2811851956core:WithinOneYear2023-02-2811851956core:AfterOneYear2023-02-2811851956core:WithinOneYear2022-02-2811851956core:AfterOneYear2022-02-2811851956core:ShareCapital2023-02-2811851956core:SharePremium2023-02-2811851956core:RevaluationReserve2023-02-2811851956core:OtherReservesSubtotal2023-02-2811851956core:RetainedEarningsAccumulatedLosses2023-02-2811851956core:ShareCapital2022-02-2811851956core:SharePremium2022-02-2811851956core:RevaluationReserve2022-02-2811851956core:OtherReservesSubtotal2022-02-2811851956core:RetainedEarningsAccumulatedLosses2022-02-2811851956core:LandBuildings2023-02-2811851956core:PlantMachinery2023-02-2811851956core:Vehicles2023-02-2811851956core:FurnitureFittings2023-02-2811851956core:OfficeEquipment2023-02-2811851956core:NetGoodwill2023-02-2811851956core:IntangibleAssetsOtherThanGoodwill2023-02-2811851956core:ListedExchangeTraded2023-02-2811851956core:UnlistedNon-exchangeTraded2023-02-2811851956core:LandBuildings2022-02-2811851956core:PlantMachinery2022-02-2811851956core:Vehicles2022-02-2811851956core:FurnitureFittings2022-02-2811851956core:OfficeEquipment2022-02-2811851956core:NetGoodwill2022-02-2811851956core:IntangibleAssetsOtherThanGoodwill2022-02-2811851956core:ListedExchangeTraded2022-02-2811851956core:UnlistedNon-exchangeTraded2022-02-2811851956core:LandBuildings2022-03-012023-02-2811851956core:PlantMachinery2022-03-012023-02-2811851956core:Vehicles2022-03-012023-02-2811851956core:FurnitureFittings2022-03-012023-02-2811851956core:OfficeEquipment2022-03-012023-02-2811851956core:NetGoodwill2022-03-012023-02-2811851956core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811851956core:ListedExchangeTraded2022-03-012023-02-2811851956core:UnlistedNon-exchangeTraded2022-03-012023-02-2811851956core:MoreThanFiveYears2022-03-012023-02-2811851956core:Non-currentFinancialInstruments2023-02-2811851956core:Non-currentFinancialInstruments2022-02-2811851956dpl:CostSales2022-03-012023-02-2811851956dpl:DistributionCosts2022-03-012023-02-2811851956core:LandBuildings2022-03-012023-02-2811851956core:PlantMachinery2022-03-012023-02-2811851956core:Vehicles2022-03-012023-02-2811851956core:FurnitureFittings2022-03-012023-02-2811851956core:OfficeEquipment2022-03-012023-02-2811851956dpl:AdministrativeExpenses2022-03-012023-02-2811851956core:NetGoodwill2022-03-012023-02-2811851956core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811851956dpl:GroupUndertakings2022-03-012023-02-2811851956dpl:ParticipatingInterests2022-03-012023-02-2811851956dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2811851956core:ListedExchangeTraded2022-03-012023-02-2811851956dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2811851956core:UnlistedNon-exchangeTraded2022-03-012023-02-2811851956dpl:CostSales2021-03-012022-02-2811851956dpl:DistributionCosts2021-03-012022-02-2811851956core:LandBuildings2021-03-012022-02-2811851956core:PlantMachinery2021-03-012022-02-2811851956core:Vehicles2021-03-012022-02-2811851956core:FurnitureFittings2021-03-012022-02-2811851956core:OfficeEquipment2021-03-012022-02-2811851956dpl:AdministrativeExpenses2021-03-012022-02-2811851956core:NetGoodwill2021-03-012022-02-2811851956core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2811851956dpl:GroupUndertakings2021-03-012022-02-2811851956dpl:ParticipatingInterests2021-03-012022-02-2811851956dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2811851956core:ListedExchangeTraded2021-03-012022-02-2811851956dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2811851956core:UnlistedNon-exchangeTraded2021-03-012022-02-2811851956core:NetGoodwill2023-02-2811851956core:IntangibleAssetsOtherThanGoodwill2023-02-2811851956core:LandBuildings2023-02-2811851956core:PlantMachinery2023-02-2811851956core:Vehicles2023-02-2811851956core:FurnitureFittings2023-02-2811851956core:OfficeEquipment2023-02-2811851956core:AfterOneYear2023-02-2811851956core:WithinOneYear2023-02-2811851956core:ListedExchangeTraded2023-02-2811851956core:UnlistedNon-exchangeTraded2023-02-2811851956core:ShareCapital2023-02-2811851956core:SharePremium2023-02-2811851956core:RevaluationReserve2023-02-2811851956core:OtherReservesSubtotal2023-02-2811851956core:RetainedEarningsAccumulatedLosses2023-02-2811851956core:NetGoodwill2022-02-2811851956core:IntangibleAssetsOtherThanGoodwill2022-02-2811851956core:LandBuildings2022-02-2811851956core:PlantMachinery2022-02-2811851956core:Vehicles2022-02-2811851956core:FurnitureFittings2022-02-2811851956core:OfficeEquipment2022-02-2811851956core:AfterOneYear2022-02-2811851956core:WithinOneYear2022-02-2811851956core:ListedExchangeTraded2022-02-2811851956core:UnlistedNon-exchangeTraded2022-02-2811851956core:ShareCapital2022-02-2811851956core:SharePremium2022-02-2811851956core:RevaluationReserve2022-02-2811851956core:OtherReservesSubtotal2022-02-2811851956core:RetainedEarningsAccumulatedLosses2022-02-2811851956core:NetGoodwill2021-03-0111851956core:IntangibleAssetsOtherThanGoodwill2021-03-0111851956core:LandBuildings2021-03-0111851956core:PlantMachinery2021-03-0111851956core:Vehicles2021-03-0111851956core:FurnitureFittings2021-03-0111851956core:OfficeEquipment2021-03-0111851956core:AfterOneYear2021-03-0111851956core:WithinOneYear2021-03-0111851956core:ListedExchangeTraded2021-03-0111851956core:UnlistedNon-exchangeTraded2021-03-0111851956core:ShareCapital2021-03-0111851956core:SharePremium2021-03-0111851956core:RevaluationReserve2021-03-0111851956core:OtherReservesSubtotal2021-03-0111851956core:RetainedEarningsAccumulatedLosses2021-03-0111851956core:AfterOneYear2022-03-012023-02-2811851956core:WithinOneYear2022-03-012023-02-2811851956core:Non-currentFinancialInstrumentscore:CostValuation2022-03-012023-02-2811851956core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-012023-02-2811851956core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-012023-02-2811851956core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-012023-02-2811851956core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-012023-02-2811851956core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-012023-02-2811851956core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-012023-02-2811851956core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-012023-02-2811851956core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-012023-02-2811851956core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2811851956core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2811851956core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2811851956core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2811851956core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2811851956core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2811851956core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2811851956core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2811851956core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2811851956core:Non-currentFinancialInstrumentscore:CostValuation2022-02-2811851956core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-02-2811851956core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-02-2811851956core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-02-2811851956core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-02-2811851956core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-02-2811851956core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-02-2811851956core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-02-2811851956core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-02-2811851956bus:Director12022-03-012023-02-28

ABBOT'S PLACE LTD

Registered Number
11851956
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

ABBOT'S PLACE LTD
Company Information
for the year from 1 March 2022 to 28 February 2023

Director

LUCK, Adam Henry

Registered Address

F220-221 Oxgate House Oxgate Lane
London
NW2 7FS

Registered Number

11851956 (England and Wales)
ABBOT'S PLACE LTD
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets65371,252
Tangible assets77,6376,008
8,1747,260
Current assets
Stocks8136,60170,754
Debtors914,8123,093
Cash at bank and on hand17,61313,760
169,02687,607
Creditors amounts falling due within one year10(108,398)(55,186)
Net current assets (liabilities)60,62832,421
Total assets less current liabilities68,80239,681
Net assets68,80239,681
Capital and reserves
Called up share capital11
Profit and loss account68,80139,680
Shareholders' funds68,80239,681
The financial statements were approved and authorised for issue by the Director on 12 October 2023, and are signed on its behalf by:
LUCK, Adam Henry
Director
Registered Company No. 11851956
ABBOT'S PLACE LTD
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year was that of the online retail of shoes.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Office Equipment3
Intangible assets policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Computer software is being amortised evenly over its estimated useful life of 3 years.
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year10
6.Intangible assets

Other

Total

££
Cost or valuation
At 01 March 222,0832,083
At 28 February 232,0832,083
Amortisation and impairment
At 01 March 22831831
Charge for year715715
At 28 February 231,5461,546
Net book value
At 28 February 23537537
At 28 February 221,2521,252
7.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 March 227,4137,413
Additions4,1034,103
At 28 February 2311,51611,516
Depreciation and impairment
At 01 March 221,4051,405
Charge for year2,4742,474
At 28 February 233,8793,879
Net book value
At 28 February 237,6377,637
At 28 February 226,0086,008
8.Stocks

2023

2022

££
Finished goods136,60170,754
Total136,60170,754
9.Debtors

2023

2022

££
Trade debtors / trade receivables13,0791,960
Other debtors1,7331,133
Total14,8123,093
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables40,49533,751
Bank borrowings and overdrafts57,71219,704
Taxation and social security9,2061,731
Other creditors985-
Total108,39855,186
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.