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REGISTERED NUMBER: 10040043 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ABODE NUGENT STREET LTD

ABODE NUGENT STREET LTD (REGISTERED NUMBER: 10040043)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABODE NUGENT STREET LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







Directors: J J Levy
A Levy
R A Parker





Registered office: 150a St Nicholas Circle
Leicester
LE1 4JJ





Registered number: 10040043 (England and Wales)





Accountants: Sturgess Hutchinson
Chartered Certified Accountants
21 New Walk
Leicester
LE1 6TE

ABODE NUGENT STREET LTD (REGISTERED NUMBER: 10040043)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
Current assets
Stocks 2,055,547 2,055,547
Debtors 4 325,448 175,997
Cash at bank 297,408 102,591
2,678,403 2,334,135
Creditors
Amounts falling due within one year 5 905,220 1,404,392
Net current assets 1,773,183 929,743
Total assets less current liabilities 1,773,183 929,743

Creditors
Amounts falling due after more than one
year

6

1,543,238

702,569
Net assets 229,945 227,174

Capital and reserves
Called up share capital 10 10
Retained earnings 229,935 227,164
229,945 227,174

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.

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 16 February 2024 and were signed on its behalf by:





R A Parker - Director


ABODE NUGENT STREET LTD (REGISTERED NUMBER: 10040043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. Statutory information

Abode Nugent Street 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. Employees and directors

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

4. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by group undertakings 48,000 -
Other debtors 277,448 175,997
325,448 175,997

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 30,612 491,381
Trade creditors 8,514 38
Amounts owed to group undertakings 857,748 892,418
Taxation and social security - 15,569
Other creditors 8,346 4,986
905,220 1,404,392

ABODE NUGENT STREET LTD (REGISTERED NUMBER: 10040043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 1,543,238 702,569

7. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,573,850 1,193,950

The bank loans are secured by a fixed and floating charge over all assets of the company.