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REGISTERED NUMBER: 13191361 (England and Wales)
























ABEL LIVING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023






ABEL LIVING LIMITED (REGISTERED NUMBER: 13191361)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABEL LIVING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023







DIRECTORS: C N Court
Miss A Hayward





REGISTERED OFFICE: 11 Fore Street
Hertford
Hertfordshire
SG14 1DE





REGISTERED NUMBER: 13191361 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

ABEL LIVING LIMITED (REGISTERED NUMBER: 13191361)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,783 9,313

CURRENT ASSETS
Debtors 5 711,521 127,190
Cash at bank 61,362 62,631
772,883 189,821
CREDITORS
Amounts falling due within one year 6 475,272 103,083
NET CURRENT ASSETS 297,611 86,738
TOTAL ASSETS LESS CURRENT LIABILITIES 452,394 96,051

CREDITORS
Amounts falling due after more than one
year

7

(22,499

)

-

PROVISIONS FOR LIABILITIES (1,769 ) (1,769 )
NET ASSETS 428,126 94,282

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 428,026 94,182
428,126 94,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

ABEL LIVING LIMITED (REGISTERED NUMBER: 13191361)

BALANCE SHEET - continued
31 AUGUST 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





C N Court - Director


ABEL LIVING LIMITED (REGISTERED NUMBER: 13191361)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023


1. STATUTORY INFORMATION

Abel Living Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 4 years
Motor vehicles - Straight line over 4 years

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

ABEL LIVING LIMITED (REGISTERED NUMBER: 13191361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2022 12,417 - 12,417
Additions 49,290 114,798 164,088
At 31 August 2023 61,707 114,798 176,505
DEPRECIATION
At 1 March 2022 3,104 - 3,104
Charge for period 10,912 7,706 18,618
At 31 August 2023 14,016 7,706 21,722
NET BOOK VALUE
At 31 August 2023 47,691 107,092 154,783
At 28 February 2022 9,313 - 9,313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,471 127,090
Other debtors 655,050 100
711,521 127,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 56,049 20,743
Other creditors 419,223 82,340
475,272 103,083

ABEL LIVING LIMITED (REGISTERED NUMBER: 13191361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 AUGUST 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 22,499 -

8. RELATED PARTY DISCLOSURES

During the period, the directors provided the company with interest free loans. At the end of the period, the amount due from the company to the director C Court was £4,004 and A Haywood was £3,798 owed to the company (2022: £75,300 & £160 respectively owed from the company). A Haywood confirmed that this balance was repaid 9 months after the period end.

During the period the directors also received dividends in accordance with their shareholding of £30,000.

C Court is also a director and shareholder of CNC Lettings Ltd. During the period there were transactions at market rate totalling to £56,470.62.

9. ULTIMATE CONTROLLING PARTY

The controlling party is C N Court.

The ultimate controlling party is C N Court.