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REGISTERED NUMBER: 13952804 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 3 MARCH 2022 TO 31 MAY 2023

FOR

A&B PROPERTY VENTURES LIMITED

A&B PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 13952804)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 MARCH 2022 TO 31 MAY 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 2


A&B PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 13952804)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

Notes £   
CURRENT ASSETS
Stocks 671,198
Debtors 3 35,748
Cash at bank 7,348
714,294
CREDITORS
Amounts falling due within one year 4 (734,237 )
NET CURRENT LIABILITIES (19,943 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,943

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (20,043 )
(19,943 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 23 November 2023 and were signed on its behalf by:





C Robertson - Director


A&B PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 13952804)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 MARCH 2022 TO 31 MAY 2023


1. STATUTORY INFORMATION

A&B Property Ventures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13952804

Registered office: C/O DPC
Stone House
55 Stone Road Business Park
Stoke-on-Trent
Staffordshire
ST4 6SR

The principal activity of the company is that of a property development company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern
The accounts have been prepared on the going concern basis. The directors believe this to be appropriate as they have expressed their willingness to support the business financially for the foreseeable future.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

A&B PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 13952804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 MARCH 2022 TO 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 26,500
VAT 8,998
Prepayments 250
35,748

A&B PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 13952804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 MARCH 2022 TO 31 MAY 2023


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 397,373
Trade creditors 2,493
Other creditors 250,000
Amounts due to group
undertaking 58,629
Directors' loan accounts 6,500
Accruals and deferred income 19,242
734,237

Amounts owed to group undertakings are unsecured, interest free and are repayable on demand.

The other loans are secured by a fixed charge over the assets of the company.

5. EVENTS AFTER THE END OF REPORTING PERIOD

There were no significant events up to the date of the approval of the financial statements by the Board.

6. CONTROLLING PARTY

The company is a wholly owed subsidiary of CDR Property Group limited, a company incorporated in England and Wales.

7. GOING CONCERN

The accounts have been prepared on the going concern basis. The directors believe this to be appropriate as they have expressed their willingness to support the business financially for the foreseeable future.