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REGISTERED NUMBER: 02785677 (England and Wales)





















ABINGTON COURT INVESTMENTS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






ABINGTON COURT INVESTMENTS LTD (REGISTERED NUMBER: 02785677)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


ABINGTON COURT INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: N P Preston
M K Preston





SECRETARY: A J Robertson





REGISTERED OFFICE: Stonelea
5 Cherry Lane
Great Houghton
Northampton
Northamptonshire
NN4 7AT





REGISTERED NUMBER: 02785677 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

ABINGTON COURT INVESTMENTS LTD (REGISTERED NUMBER: 02785677)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,523 3,436
Investment property 5 670,000 935,000
672,523 938,436

CURRENT ASSETS
Debtors 6 26,577 1,781
Cash at bank 44,053 18,372
70,630 20,153
CREDITORS
Amounts falling due within one year 7 4,306 1,924
NET CURRENT ASSETS 66,324 18,229
TOTAL ASSETS LESS CURRENT LIABILITIES 738,847 956,665

CREDITORS
Amounts falling due after more than one year 8 (329,131 ) (507,944 )

PROVISIONS FOR LIABILITIES (27,130 ) (51,731 )
NET ASSETS 382,586 396,990

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 382,582 396,986
SHAREHOLDERS' FUNDS 382,586 396,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ABINGTON COURT INVESTMENTS LTD (REGISTERED NUMBER: 02785677)

BALANCE SHEET - continued
30 APRIL 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





N P Preston - Director


ABINGTON COURT INVESTMENTS LTD (REGISTERED NUMBER: 02785677)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Abington Court Investments 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - Straight line over 5 years
Computer equipment - Straight line over 5 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


ABINGTON COURT INVESTMENTS LTD (REGISTERED NUMBER: 02785677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022
and 30 April 2023 29,325 793 2,576 32,694
DEPRECIATION
At 1 May 2022 27,733 535 990 29,258
Charge for year 239 159 515 913
At 30 April 2023 27,972 694 1,505 30,171
NET BOOK VALUE
At 30 April 2023 1,353 99 1,071 2,523
At 30 April 2022 1,592 258 1,586 3,436

ABINGTON COURT INVESTMENTS LTD (REGISTERED NUMBER: 02785677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 935,000
Disposals (265,000 )
At 30 April 2023 670,000
NET BOOK VALUE
At 30 April 2023 670,000
At 30 April 2022 935,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2018 62,900
Valuation in 2019 5,470
Valuation in 2021 44,700
Valuation in 2022 15,000
Cost 541,930
670,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 26,577 1,781

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,326 -
Other creditors 1,980 1,924
4,306 1,924

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 329,131 507,944

ABINGTON COURT INVESTMENTS LTD (REGISTERED NUMBER: 02785677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary shares 1 4 4