Company Registration No. SC669194 (Scotland)
ABSTRACT HOMES LTD
Unaudited accounts
for the year ended 31 July 2023
ABSTRACT HOMES LTD
Unaudited accounts
Contents
ABSTRACT HOMES LTD
Company Information
for the year ended 31 July 2023
Director
Dr Ka Wun Karen Law
Company Number
SC669194 (Scotland)
Registered Office
55 COMMERCE STREET
GLASGOW
G5 8AD
SCOTLAND
Accountants
Avid Accountants Ltd
21 Blythswood Square
Glasgow
G2 4BL
ABSTRACT HOMES LTD
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
80,634
1
Creditors: amounts falling due within one year
(600)
-
Net current assets
81,510
1
Total assets less current liabilities
648,185
1
Creditors: amounts falling due after more than one year
(659,415)
-
Net (liabilities)/assets
(11,230)
1
Called up share capital
1
1
Profit and loss account
(11,231)
-
Shareholders' funds
(11,230)
1
For the year ending 31 July 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 director acknowledges her 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 and authorised for issue on 29 July 2024 and were signed on its behalf by
Dr Ka Wun Karen Law
Director
Company Registration No. SC669194
ABSTRACT HOMES LTD
Notes to the Accounts
for the year ended 31 July 2023
ABSTRACT HOMES LTD is a private company, limited by shares, registered in Scotland, registration number SC669194. The registered office is 55 COMMERCE STREET, GLASGOW, G5 8AD, SCOTLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
560,000
6,675
566,675
At 31 July 2023
560,000
6,675
566,675
At 31 July 2023
560,000
6,675
566,675
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
ABSTRACT HOMES LTD
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
659,415
-
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).