Company Registration No. 10505732 (England and Wales)
Abbotts Park Homes Limited
Unaudited accounts
for the year ended 31 December 2023
Abbotts Park Homes Limited
Unaudited accounts
Contents
Abbotts Park Homes Limited
Company Information
for the year ended 31 December 2023
Directors
Mr L Abbott
Mrs N Abbott
Company Number
10505732 (England and Wales)
Registered Office
THE OFFICE WAYFORD ROAD
SMALLBURGH
NORWICH
NR12 9LW
ENGLAND
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
Abbotts Park Homes Limited
Statement of financial position
as at 31 December 2023
Tangible assets
2,925,067
2,894,734
Cash at bank and in hand
258,154
176,078
Creditors: amounts falling due within one year
(44,802)
(4,910)
Net current assets
213,352
171,168
Total assets less current liabilities
3,138,419
3,065,902
Creditors: amounts falling due after more than one year
(2,443,052)
(2,502,737)
Net assets
695,367
563,165
Called up share capital
2
2
Profit and loss account
695,365
563,163
Shareholders' funds
695,367
563,165
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by
Mr L Abbott
Director
Company Registration No. 10505732
Abbotts Park Homes Limited
Notes to the Accounts
for the year ended 31 December 2023
Abbotts Park Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 10505732. The registered office is THE OFFICE WAYFORD ROAD, SMALLBURGH, NORWICH, NR12 9LW, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Plant & machinery
15% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
2,667,339
258,942
9,000
7,625
2,942,906
Additions
-
76,286
-
-
76,286
At 31 December 2023
2,667,339
335,228
9,000
7,625
3,019,192
At 1 January 2023
-
39,555
4,392
4,225
48,172
Charge for the year
-
44,351
922
680
45,953
At 31 December 2023
-
83,906
5,314
4,905
94,125
At 31 December 2023
2,667,339
251,322
3,686
2,720
2,925,067
At 31 December 2022
2,667,339
219,387
4,608
3,400
2,894,734
Abbotts Park Homes Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
21,485
-
Taxes and social security
8,447
-
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,851,945
1,902,465
Obligations under finance leases and hire purchase contracts
164,207
172,645
Loans from directors
426,900
427,627
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).