Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01truetrue1No description of principal activityfalse1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04120957 2022-04-01 2023-03-31 04120957 2021-04-01 2022-03-31 04120957 2023-03-31 04120957 2022-03-31 04120957 c:Director1 2022-04-01 2023-03-31 04120957 d:CurrentFinancialInstruments 2023-03-31 04120957 d:CurrentFinancialInstruments 2022-03-31 04120957 d:Non-currentFinancialInstruments 2023-03-31 04120957 d:Non-currentFinancialInstruments 2022-03-31 04120957 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04120957 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04120957 d:ShareCapital 2023-03-31 04120957 d:ShareCapital 2022-03-31 04120957 d:RetainedEarningsAccumulatedLosses 2023-03-31 04120957 d:RetainedEarningsAccumulatedLosses 2022-03-31 04120957 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 04120957 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 04120957 c:FRS102 2022-04-01 2023-03-31 04120957 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04120957 c:FullAccounts 2022-04-01 2023-03-31 04120957 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04120957









ABA PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ABA PROPERTIES LIMITED
REGISTERED NUMBER: 04120957

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
256,578
256,578

Debtors: amounts falling due after more than one year
 5 
1,538,922
1,538,583

Cash at bank and in hand
 6 
111,053
116,720

  
1,906,553
1,911,881

Creditors: amounts falling due within one year
 7 
(246,519)
(246,519)

Net current assets
  
 
 
1,660,034
 
 
1,665,362

Total assets less current liabilities
  
1,660,034
1,665,362

  

Net assets
  
1,660,034
1,665,362


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,659,934
1,665,262

  
1,660,034
1,665,362


Page 1

 
ABA PROPERTIES LIMITED
REGISTERED NUMBER: 04120957
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 November 2023.





................................................
Aunali Hasnaini
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ABA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company lmited by share capital, incorporated in England & Wales. The
company number and registered office address are:
Company number:                  04120957
Registered office address: 120 Old Church Lane
                                           Stanmore
                                            Middlesex HA7 2RR
                                            England

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
ABA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Director
1
1


4.


Stocks

2023
2022
£
£

Property for resale
256,578
256,578

256,578
256,578


Page 4

 
ABA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors


Due after more than one year

Due from an associated company
1,538,922
1,538,583

1,538,922
1,538,583



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
111,053
116,720

111,053
116,720



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
245,259
245,259

Accruals and deferred income
1,260
1,260

246,519
246,519



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
111,053
116,720



 
Page 5