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REGISTERED NUMBER: 10383084 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Abode Invests Limited

Abode Invests Limited (Registered number: 10383084)






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


Abode Invests Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: C M Jackson





REGISTERED OFFICE: Chris Jackson C/o Springwell Easylet
6 Blenheim Walk
Leeds
LS2 9AQ





REGISTERED NUMBER: 10383084 (England and Wales)





ACCOUNTANTS: Franks Accountants Limited
First Floor
Equinox 1
Audby Lane
Wetherby
West Yorkshire
LS22 7RD

Abode Invests Limited (Registered number: 10383084)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,402,584 2,601,796

CURRENT ASSETS
Debtors 5 89,456 25,924
Cash at bank 29,335 292,999
118,791 318,923
CREDITORS
Amounts falling due within one year 6 51,439 48,730
NET CURRENT ASSETS 67,352 270,193
TOTAL ASSETS LESS CURRENT LIABILITIES 3,469,936 2,871,989

CREDITORS
Amounts falling due after more than one
year

7

2,258,410

1,711,853
NET ASSETS 1,211,526 1,160,136

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 1,064,154 1,064,154
Retained earnings 146,372 94,982
1,211,526 1,160,136

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 director acknowledges his 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 Invests Limited (Registered number: 10383084)

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 director and authorised for issue on 28 November 2023 and were signed by:





C M Jackson - Director


Abode Invests Limited (Registered number: 10383084)

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

1. STATUTORY INFORMATION

Abode Invests 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.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Abode Invests Limited (Registered number: 10383084)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 2,579,120 27,505 2,606,625
Additions 890,606 309,418 1,200,024
Disposals (360,500 ) - (360,500 )
At 31 March 2023 3,109,226 336,923 3,446,149
DEPRECIATION
At 1 April 2022 - 4,829 4,829
Charge for year - 38,736 38,736
At 31 March 2023 - 43,565 43,565
NET BOOK VALUE
At 31 March 2023 3,109,226 293,358 3,402,584
At 31 March 2022 2,579,120 22,676 2,601,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,206 -
Amounts owed by participating interests 81,208 25,924
Other debtors 6,042 -
89,456 25,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,110 5,163
Trade creditors 25,751 1,295
Taxation and social security - 10,470
Other creditors 20,578 31,802
51,439 48,730

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 1,675,178 1,711,853
Other creditors 583,232 -
2,258,410 1,711,853