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Registered Number: 14090071
England and Wales

 

 

 


Unaudited Financial Statements

for the period ended 31 May 2023

for

ABP MANAGEMENT SERVICES LIMITED

Directors Mr M J Baker
Mr R G Butler
Mr K E Franklin
Mr D Whitton
Registered Number 14090071
Registered Office Unit 18
Salisbury Road Business Park
Pewsey
Wiltshire
SN9 5PZ
Accountants Numeric Accounting Limited
Chartered Certified Accountants
Suite 1, The Portway Centre,
Old Sarum Park, Old Sarum
Salisbury
SP4 6EB
1
 
 
Notes
 
2023
£
Fixed assets    
Investments 3 755,599 
755,599 
Current assets    
Debtors 4 27,548 
Cash at bank and in hand 1,588,192 
1,615,740 
Creditors: amount falling due within one year 5 (4,875)
Net current assets 1,610,865 
 
Total assets less current liabilities 2,366,464 
Net assets 2,366,464 
 

Capital and reserves
   
Called up share capital 6 85 
Capital Redemption Reserve 7 10 
Profit and loss account 2,366,369 
Shareholder's funds 2,366,464 
 


For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 02 February 2024 and were signed on its behalf by:


-------------------------------
Mr M J Baker
Director
2
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 06 May 2022
Profit for the period 2,692,994  2,692,994 
Purchase of own shares (nominal value) 10  10 
Total comprehensive income for the period 10  2,692,994  2,693,004 
Purchase of own Shares (326,625) (326,625)
Shares issued 95  95 
Shares redeemed (10) (10)
Total investments by and distributions to owners 85  (326,625) (326,540)
At 31 May 2023 85  10  2,366,369  2,366,464 
3
General Information
ABP Management Services Limited is a private company, limited by shares, registered in England and Wales, registration number 14090071, registration address Unit 18, Salisbury Road Business Park, Pewsey, Wiltshire, SN9 5PZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises of rental income received from freehold properties owned by the Company.
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.
Fixed asset investments
Fixed asset investments in participation interests are stated at cost less provision for any permanent diminution in value. Fixed Asset investments in investment properties are stated at Fair Value through Profit or Loss.

Financial instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Investments

Cost Investments in participating interests   Other investments other than loans   Total
  £   £   £
At 06 May 2022    
Additions 599    755,000    755,599 
Transfer to/from tangible fixed assets    
Disposals    
At 31 May 2023 599    755,000    755,599 

4.

Debtors: amounts falling due within one year

2023
£
Amount Owed by Participating Interests 26,400 
Accrued Income 1,000 
VAT 148 
27,548 

5.

Creditors: amount falling due within one year

2023
£
Trade Creditors 1,572 
Corporation Tax 2,462 
Accrued Expenses 841 
4,875 

6.

Share Capital

Allotted, called up and fully paid
2023
£
80 Ordinary A shares of £1.00 each 80 
4 Ordinary B shares of £1.00 each
1 Ordinary C share of £1.00 each
85 

7.

Capital Redemption Reserve

2023
£
Purchase of Own Shares (Nominal Value) 10 
10 

8.

Related Party

During the year the company bought back 10 out of 95 shares from Mr Tom Ritchie for £325,000. The nominal value of the shares was £10 and the purchase was funded by the company's retained earnings.

On inception of ABP Management Services Limited - Acorn Builders (Pewsey) Ltd was re-organised into a group. £2,505,504 of the dividend income in  the reporting period was from this subsidary company. The intercompany balance at the end of the reporting period was £nil. 

During the period, dividend of £150,594 received from Acorn construction.

Balance of Amount Owed by Participating Interests at the reporting date relates to dividend income yet to be remitted from AB Electrical (Pewsey) Ltd.  Loan is interest free and is repayable on demand. During the year dividends of £26,400 were declared as income from this company.

During the year, rental income of £5,000 was charged to a subsidary - Acorn Builders (Pewsey) Ltd for rental of an office unit. This rent was  charged at a commercial rate on an arms-length basis.
4