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REGISTERED NUMBER: 07580945 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Abode Property Management (Nw) Ltd

Abode Property Management (Nw) Ltd (Registered number: 07580945)






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 Property Management (Nw) Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs C M Puddy
Mrs T S Wardle





REGISTERED OFFICE: Beckwith House
Suite B, 7th Floor
Wellington Road North
Stockport
Cheshire
SK4 1AF





REGISTERED NUMBER: 07580945 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Abode Property Management (Nw) Ltd (Registered number: 07580945)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,004 -

CURRENT ASSETS
Debtors 5 102,084 61,204
Cash at bank and in hand 67,620 63,197
169,704 124,401
CREDITORS
Amounts falling due within one year 6 49,709 29,818
NET CURRENT ASSETS 119,995 94,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,999

94,583

CREDITORS
Amounts falling due after more than one
year

7

20,833

41,667
NET ASSETS 101,166 52,916

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 101,066 52,816
101,166 52,916

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 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.

Abode Property Management (Nw) Ltd (Registered number: 07580945)

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 Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by:





Mrs C M Puddy - Director


Abode Property Management (Nw) Ltd (Registered number: 07580945)

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

1. STATUTORY INFORMATION

Abode Property Management (Nw) 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is derived from ordinary activities and is measured at the fair value of property management fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes.Revenue is recognised when it can be measured reliably and it is probable that future economic benefits will flow to the entity.

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 etc - 33% on cost

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Abode Property Management (Nw) Ltd (Registered number: 07580945)

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 5,641
Additions 2,473
At 31 March 2023 8,114
DEPRECIATION
At 1 April 2022 5,641
Charge for year 469
At 31 March 2023 6,110
NET BOOK VALUE
At 31 March 2023 2,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,034 1,114
Amounts owed by associates 100,000 60,000
Other debtors 50 90
102,084 61,204

Abode Property Management (Nw) Ltd (Registered number: 07580945)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 -
Trade creditors - 368
Amounts owed to participating interests 500 -
Taxation and social security 28,095 22,754
Other creditors 11,114 6,696
49,709 29,818

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 20,833 41,667

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 4,529 2,716
Between one and five years 9,480 3,746
14,009 6,462

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is £6,733 (2022: £6,596) due to the directors which is interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

Included in debtors is £100,000 (2022: £60,000) due from a company which has a director who is the spouse of one of the director's of Abode Property Management (Nw) Ltd and included in creditors is £500 (2022: Nil) due to a company which shares a director. Both of which are interest free and repayable on demand.