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Company Registration No. 10164337 (England and Wales)
A B & F Properties Ltd Unaudited accounts for the year ended 31 May 2023
A B & F Properties Ltd Unaudited accounts Contents
Page
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A B & F Properties Ltd Company Information for the year ended 31 May 2023
Directors
M P Osborne C Irving-Osborne
Company Number
10164337 (England and Wales)
Registered Office
c/o Allensbank Narberth Pembs SA67 8RF
Accountants
Ann Stephens & Co The Lodge Allensbank Narberth Pembs SA67 8RF
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A B & F Properties Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,905 
4,977 
Current assets
Debtors
53,892 
12,729 
Cash at bank and in hand
1,550 
7,541 
55,442 
20,270 
Creditors: amounts falling due within one year
(58,847)
(25,030)
Net current liabilities
(3,405)
(4,760)
Net assets
500 
217 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
498 
215 
Shareholders' funds
500 
217 
For the year ending 31 May 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 17 April 2024 and were signed on its behalf by
C Irving-Osborne Director Company Registration No. 10164337
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A B & F Properties Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
A B & F Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 10164337. The registered office is c/o Allensbank, Narberth, Pembs, SA67 8RF.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
20% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2022
20,000 
At 31 May 2023
20,000 
Amortisation
At 1 June 2022
20,000 
At 31 May 2023
20,000 
Net book value
At 31 May 2023
- 
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A B & F Properties Ltd Notes to the Accounts for the year ended 31 May 2023
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
2,047 
8,625 
10,672 
At 31 May 2023
2,047 
8,625 
10,672 
Depreciation
At 1 June 2022
512 
5,183 
5,695 
Charge for the year
384 
688 
1,072 
At 31 May 2023
896 
5,871 
6,767 
Net book value
At 31 May 2023
1,151 
2,754 
3,905 
At 31 May 2022
1,535 
3,442 
4,977 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,038 
3,103 
Other debtors
47,854 
9,626 
53,892 
12,729 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,735 
- 
VAT
22,719 
7,617 
Taxes and social security
23,579 
16,228 
Accruals
2,814 
1,185 
58,847 
25,030 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M P Osborne
Loan to director
4,813 
19,114 
- 
23,927 
C Irving-Osborne
Loan to director
4,813 
19,114 
- 
23,927 
9,626 
38,228 
- 
47,854 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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