0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 19,137 19,137 19,137 xbrli:pure xbrli:shares iso4217:GBP 01618269 2023-01-01 2023-12-31 01618269 2023-12-31 01618269 2022-12-31 01618269 2022-01-01 2022-12-31 01618269 2022-12-31 01618269 2021-12-31 01618269 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 01618269 bus:Director1 2023-01-01 2023-12-31 01618269 bus:Director2 2023-01-01 2023-12-31 01618269 core:WithinOneYear 2023-12-31 01618269 core:WithinOneYear 2022-12-31 01618269 core:ShareCapital 2023-12-31 01618269 core:ShareCapital 2022-12-31 01618269 core:OtherReservesSubtotal 2023-12-31 01618269 core:OtherReservesSubtotal 2022-12-31 01618269 core:RetainedEarningsAccumulatedLosses 2023-12-31 01618269 core:RetainedEarningsAccumulatedLosses 2022-12-31 01618269 core:FurnitureFittings 2023-12-31 01618269 core:FurnitureFittings 2022-12-31 01618269 bus:SmallEntities 2023-01-01 2023-12-31 01618269 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01618269 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01618269 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01618269 bus:FullAccounts 2023-01-01 2023-12-31 01618269 bus:OrdinaryShareClass1 2023-12-31 01618269 bus:OrdinaryShareClass1 2022-12-31
COMPANY REGISTRATION NUMBER: 01618269
Abbey Flats Management Limited
Filleted Unaudited Financial Statements
31 December 2023
Abbey Flats Management Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
3
19,137
19,137
Current assets
Debtors
4
10,348
26,072
Cash at bank and in hand
49,814
55,263
-------
-------
60,162
81,335
Prepayments and accrued income
5,546
4,845
Creditors: amounts falling due within one year
5
3,089
2,947
-------
-------
Net current assets
62,619
83,233
-------
--------
Total assets less current liabilities
81,756
102,370
-------
--------
Capital and reserves
Called up share capital
6
36
36
Other reserves
17,600
17,600
Profit and loss account
64,120
84,734
-------
--------
Shareholders funds
81,756
102,370
-------
--------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 May 2024 , and are signed on behalf of the board by:
R. A. Busby
B. Osmond
Director
Director
Company registration number: 01618269
Abbey Flats Management Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered and trading in England and Wales with company number 01618269 . The address of the registered office is 125-131 New Union Street, Coventry, CV1 2NT.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Capital reserve
On 7th October 1998 the Directors of the company agreed that the company would purchase the freehold of the development from Slora Construction Ltd for a consideration of £17,250. Completion took place on 6th August 1999. The cost as shown on the balance sheet includes all legal fees paid.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered and stated net of discounts. Revenue from the services rendered is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Financial instruments
The company only has basic financial instruments. Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. Financial liabilities Financial liabilities comprise items such as accruals and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
3. Tangible assets
Freehold Property
Total
£
£
Cost
At 1 January 2023 and 31 December 2023
19,137
19,137
-------
-------
Carrying amount
At 31 December 2023
19,137
19,137
-------
-------
At 31 December 2022
19,137
19,137
-------
-------
4. Debtors
2023
2022
£
£
Trade debtors
10,348
26,072
-------
-------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
3,089
2,947
------
------
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
36
36
36
36
----
----
----
----
7. Related party transactions
There was no ultimate controlling party in the current or previous period.