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REGISTERED NUMBER: SC097865 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Abodes Ltd.

Abodes Ltd. (Registered number: SC097865)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abodes Ltd.

Company Information
for the Year Ended 31 January 2023







DIRECTORS: R G Woodford
J C Woodford





SECRETARY: J C Woodford





REGISTERED OFFICE: The Stables 1 Lngbank Holdings
Langbank Farm
Milngavie
GLASGOW
G62 6EL





REGISTERED NUMBER: SC097865 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Abodes Ltd. (Registered number: SC097865)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,927 5,864
Investment property 5 720,000 720,000
749,927 725,864

CURRENT ASSETS
Debtors 6 17,251 17,251
Cash at bank 10,921 34,801
28,172 52,052
CREDITORS
Amounts falling due within one year 7 42,839 55,919
NET CURRENT LIABILITIES (14,667 ) (3,867 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

735,260

721,997

CREDITORS
Amounts falling due after more than one
year

8

(134,704

)

(146,995

)

PROVISIONS FOR LIABILITIES (28,679 ) (28,679 )
NET ASSETS 571,877 546,323

Abodes Ltd. (Registered number: SC097865)

Balance Sheet - continued
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 174,077 174,077
Retained earnings 397,700 372,146
SHAREHOLDERS' FUNDS 571,877 546,323

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

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

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 14 November 2023 and were signed on its behalf by:





J C Woodford - Director


Abodes Ltd. (Registered number: SC097865)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Abodes Ltd. is a private company, limited by shares , registered in Scotland. 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 the amount receivable for the provision of goods and services falling within the company's ordinary activities,excluding value added tax.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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.

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.

Abodes Ltd. (Registered number: SC097865)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2022 33,319 28,238 4,443 66,000
Additions 2,952 28,434 1,279 32,665
At 31 January 2023 36,271 56,672 5,722 98,665
DEPRECIATION
At 1 February 2022 28,296 27,925 3,915 60,136
Charge for year 2,315 5,830 457 8,602
At 31 January 2023 30,611 33,755 4,372 68,738
NET BOOK VALUE
At 31 January 2023 5,660 22,917 1,350 29,927
At 31 January 2022 5,023 313 528 5,864

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 720,000
NET BOOK VALUE
At 31 January 2023 720,000
At 31 January 2022 720,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 17,251 17,251

Abodes Ltd. (Registered number: SC097865)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 18,943 18,943
Taxation and social security 1,753 7,393
Other creditors 22,143 29,583
42,839 55,919

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 134,704 146,995

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 58,931 71,222

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 153,647 165,938

10. RESERVES
Revaluation
reserve
£   
At 1 February 2022
and 31 January 2023 174,077

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end date, Mr J C Woodford (director and shareholder) was owed £11,416 (2022- £19,213) from the company.

These amounts bear no interest and re repayable on demand.

12. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the ultimate controlling party is J C Woodford.