1 April 2022 false No description of principal activity Taxfiler 2023.14 12491960business:PrivateLimitedCompanyLtd2022-04-012023-03-31 124919602022-03-31 124919602022-04-012023-03-31 12491960business:AuditExemptWithAccountantsReport2022-04-012023-03-31 12491960business:FilletedAccounts2022-04-012023-03-31 124919602023-03-31 12491960business:Director12022-04-012023-03-31 12491960business:RegisteredOffice2022-04-012023-03-31 124919602022-03-31 12491960core:WithinOneYear2023-03-31 12491960core:WithinOneYear2022-03-31 12491960core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 12491960core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 12491960core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 12491960core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 12491960core:PreviouslyStatedAmount2023-03-31 12491960core:PreviouslyStatedAmount2022-03-31 12491960business:SmallEntities2022-04-012023-03-31 12491960countries:EnglandWales2022-04-012023-03-31 12491960core:LandBuildings2022-04-012023-03-31 12491960core:PlantMachinery2022-03-31 12491960core:PlantMachinery2023-03-31 12491960core:AfterOneYear2023-03-31 12491960core:AfterOneYear2022-03-31 124919602021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 12491960 (England and Wales)
Abbasi Property Ltd Unaudited accounts for the year ended 31 March 2023
Abbasi Property Ltd Unaudited accounts Contents
Page
- 2 -
Abbasi Property Ltd Company Information for the year ended 31 March 2023
Director
Mansoor Ali
Company Number
12491960 (England and Wales)
Registered Office
PAKPOULTRY MILLGATE HUDDERSFILED WEST YORKSHIRE HD1 4SD UNITED KINGDOM
- 3 -
Abbasi Property Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
163,766 
163,766 
Current assets
Debtors
- 
5,978 
Cash at bank and in hand
7,019 
4,639 
7,019 
10,617 
Creditors: amounts falling due within one year
(170,130)
(175,360)
Net current liabilities
(163,111)
(164,743)
Net assets/(liabilities)
655 
(977)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
653 
(979)
Shareholders' funds
655 
(977)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 December 2023 and were signed on its behalf by
Mansoor Ali Director Company Registration No. 12491960
- 4 -
Abbasi Property Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Abbasi Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12491960. The registered office is PAKPOULTRY, MILLGATE, HUDDERSFILED, WEST YORKSHIRE, HD1 4SD, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Revaluation
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
Investments in shares are included at fair value.
- 5 -
Abbasi Property Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
163,766 
At 31 March 2023
163,766 
Depreciation
At 31 March 2023
- 
Net book value
At 31 March 2023
163,766 
At 31 March 2022
163,766 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
5,978 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
150 
- 
Loans from directors
169,620 
175,000 
Accruals
360 
360 
170,130 
175,360 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -