2022-08-012023-07-302023-07-30false09701516ABLEPROP MANAGEMENT LTD2024-07-2668100iso4217:GBPxbrli:pure097015162022-08-01097015162023-07-30097015162022-08-012023-07-30097015162021-08-01097015162022-07-31097015162021-08-012022-07-3109701516bus:SmallEntities2022-08-012023-07-3009701516bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3009701516bus:FullAccounts2022-08-012023-07-3009701516bus:PrivateLimitedCompanyLtd2022-08-012023-07-3009701516core:WithinOneYear2023-07-3009701516core:AfterOneYear2023-07-3009701516core:WithinOneYear2022-07-3109701516core:AfterOneYear2022-07-3109701516core:ShareCapital2023-07-3009701516core:SharePremium2023-07-3009701516core:RevaluationReserve2023-07-3009701516core:OtherReservesSubtotal2023-07-3009701516core:RetainedEarningsAccumulatedLosses2023-07-3009701516core:ShareCapital2022-07-3109701516core:SharePremium2022-07-3109701516core:RevaluationReserve2022-07-3109701516core:OtherReservesSubtotal2022-07-3109701516core:RetainedEarningsAccumulatedLosses2022-07-3109701516core:LandBuildings2023-07-3009701516core:PlantMachinery2023-07-3009701516core:Vehicles2023-07-3009701516core:FurnitureFittings2023-07-3009701516core:OfficeEquipment2023-07-3009701516core:NetGoodwill2023-07-3009701516core:IntangibleAssetsOtherThanGoodwill2023-07-3009701516core:ListedExchangeTraded2023-07-3009701516core:UnlistedNon-exchangeTraded2023-07-3009701516core:LandBuildings2022-07-3109701516core:PlantMachinery2022-07-3109701516core:Vehicles2022-07-3109701516core:FurnitureFittings2022-07-3109701516core:OfficeEquipment2022-07-3109701516core:NetGoodwill2022-07-3109701516core:IntangibleAssetsOtherThanGoodwill2022-07-3109701516core:ListedExchangeTraded2022-07-3109701516core:UnlistedNon-exchangeTraded2022-07-3109701516core:LandBuildings2022-08-012023-07-3009701516core:PlantMachinery2022-08-012023-07-3009701516core:Vehicles2022-08-012023-07-3009701516core:FurnitureFittings2022-08-012023-07-3009701516core:OfficeEquipment2022-08-012023-07-3009701516core:NetGoodwill2022-08-012023-07-3009701516core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3009701516core:ListedExchangeTraded2022-08-012023-07-3009701516core:UnlistedNon-exchangeTraded2022-08-012023-07-3009701516core:MoreThanFiveYears2022-08-012023-07-3009701516core:Non-currentFinancialInstruments2023-07-3009701516core:Non-currentFinancialInstruments2022-07-3109701516dpl:CostSales2022-08-012023-07-3009701516dpl:DistributionCosts2022-08-012023-07-3009701516core:LandBuildings2022-08-012023-07-3009701516core:PlantMachinery2022-08-012023-07-3009701516core:Vehicles2022-08-012023-07-3009701516core:FurnitureFittings2022-08-012023-07-3009701516core:OfficeEquipment2022-08-012023-07-3009701516dpl:AdministrativeExpenses2022-08-012023-07-3009701516core:NetGoodwill2022-08-012023-07-3009701516core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3009701516dpl:GroupUndertakings2022-08-012023-07-3009701516dpl:ParticipatingInterests2022-08-012023-07-3009701516dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3009701516core:ListedExchangeTraded2022-08-012023-07-3009701516dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3009701516core:UnlistedNon-exchangeTraded2022-08-012023-07-3009701516dpl:CostSales2021-08-012022-07-3109701516dpl:DistributionCosts2021-08-012022-07-3109701516core:LandBuildings2021-08-012022-07-3109701516core:PlantMachinery2021-08-012022-07-3109701516core:Vehicles2021-08-012022-07-3109701516core:FurnitureFittings2021-08-012022-07-3109701516core:OfficeEquipment2021-08-012022-07-3109701516dpl:AdministrativeExpenses2021-08-012022-07-3109701516core:NetGoodwill2021-08-012022-07-3109701516core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3109701516dpl:GroupUndertakings2021-08-012022-07-3109701516dpl:ParticipatingInterests2021-08-012022-07-3109701516dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3109701516core:ListedExchangeTraded2021-08-012022-07-3109701516dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3109701516core:UnlistedNon-exchangeTraded2021-08-012022-07-3109701516core:NetGoodwill2023-07-3009701516core:IntangibleAssetsOtherThanGoodwill2023-07-3009701516core:LandBuildings2023-07-3009701516core:PlantMachinery2023-07-3009701516core:Vehicles2023-07-3009701516core:FurnitureFittings2023-07-3009701516core:OfficeEquipment2023-07-3009701516core:AfterOneYear2023-07-3009701516core:WithinOneYear2023-07-3009701516core:ListedExchangeTraded2023-07-3009701516core:UnlistedNon-exchangeTraded2023-07-3009701516core:ShareCapital2023-07-3009701516core:SharePremium2023-07-3009701516core:RevaluationReserve2023-07-3009701516core:OtherReservesSubtotal2023-07-3009701516core:RetainedEarningsAccumulatedLosses2023-07-3009701516core:NetGoodwill2022-07-3109701516core:IntangibleAssetsOtherThanGoodwill2022-07-3109701516core:LandBuildings2022-07-3109701516core:PlantMachinery2022-07-3109701516core:Vehicles2022-07-3109701516core:FurnitureFittings2022-07-3109701516core:OfficeEquipment2022-07-3109701516core:AfterOneYear2022-07-3109701516core:WithinOneYear2022-07-3109701516core:ListedExc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ABLEPROP MANAGEMENT LTD

Registered Number
09701516
(England and Wales)

Unaudited Financial Statements for the Period ended
30 July 2023

ABLEPROP MANAGEMENT LTD
Company Information
for the period from 1 August 2022 to 30 July 2023

Director

Bikaramjit Singh Dosanjh

Company Secretary

Manish Hirani

Registered Address

Able House
61 Gorst Road
London
NW10 6LS

Registered Number

09701516 (England and Wales)
ABLEPROP MANAGEMENT LTD
Balance Sheet as at
30 July 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors1,141,2611,018,379
Cash at bank and on hand-4,241
1,141,2611,022,620
Creditors amounts falling due within one year4(43,313)-
Net current assets (liabilities)1,097,9481,022,620
Total assets less current liabilities1,097,9481,022,620
Creditors amounts falling due after one year5(2,194,938)(2,077,512)
Net assets(1,096,990)(1,054,892)
Capital and reserves
Called up share capital100100
Profit and loss account(1,097,090)(1,054,992)
Shareholders' funds(1,096,990)(1,054,892)
The financial statements were approved and authorised for issue by the Director on 26 July 2024, and are signed on its behalf by:
Bikaramjit Singh Dosanjh
Director
Registered Company No. 09701516
ABLEPROP MANAGEMENT LTD
Notes to the Financial Statements
for the period ended 30 July 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The company meets day to day working capital requirements from director related entities or the director. The director has undertaken an assessment of whether the company was a going concern when the accounts were prepared, considering all available information about the future, covering a period of 12 months from the date of approval of the accounts. Funds to meet the cashflow requirements are in place and the director does not anticipate any material overspend. The director is therefore satisfied that the going concern assumption remains appropriate.
Judgements and key sources of estimation uncertainty
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Companies liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings3
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 22623623
At 30 July 23623623
Depreciation and impairment
At 01 August 22623623
At 30 July 23623623
Net book value
At 30 July 23--
At 31 July 22--
4.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts8,687-
Taxation and social security31,625-
Accrued liabilities and deferred income3,001-
Total43,313-
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.
5.Creditors: amounts due after one year

2023

2022

££
Other creditors2,194,9382,077,512
Total2,194,9382,077,512