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REGISTERED NUMBER: 06526848 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Abbey Europe Ltd.

Abbey Europe Ltd. (Registered number: 06526848)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Abbey Europe Ltd.

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs J M Neal
Mr R S Neal





SECRETARY: Mrs G Green





REGISTERED OFFICE: Beeley Wood Works
Beeley Wood Lane
Sheffield
South Yorkshire
S6 1ND





REGISTERED NUMBER: 06526848 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Abbey Europe Ltd. (Registered number: 06526848)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,837 92,303
Investment property 5 6,274,435 6,274,435
6,343,272 6,366,738

CREDITORS
Amounts falling due within one year 6 6,314,389 6,357,649
NET CURRENT LIABILITIES (6,314,389 ) (6,357,649 )
TOTAL ASSETS LESS CURRENT LIABILITIES 28,883 9,089

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 28,783 8,989
SHAREHOLDERS' FUNDS 28,883 9,089

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





Mrs J M Neal - Director


Abbey Europe Ltd. (Registered number: 06526848)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Abbey Europe Ltd. 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.

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 - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

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

Abbey Europe Ltd. (Registered number: 06526848)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022
and 31 October 2023 117,331
DEPRECIATION
At 1 November 2022 25,028
Charge for year 23,466
At 31 October 2023 48,494
NET BOOK VALUE
At 31 October 2023 68,837
At 31 October 2022 92,303

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 6,274,435
NET BOOK VALUE
At 31 October 2023 6,274,435
At 31 October 2022 6,274,435

The directors assessed the market value of investment property at the year end date and deemed it to not be materially different to the cost.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 5,882,212 5,938,044
Tax 12,572 -
Directors' current accounts 419,605 419,605
6,314,389 6,357,649

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1.00 100 100

Abbey Europe Ltd. (Registered number: 06526848)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RELATED PARTY DISCLOSURES

During the year, Abbey Europe Ltd had transactions with a related company, Abbey Forged Products Ltd. Transactions received by Abbey Forged Products Ltd on behalf of Abbey Europe Ltd totalled £85,426 (2022: £32,630).Transactions paid by Abbey Forged Products Ltd on behalf of Abbey Europe Ltd totalled £29,593 (2022: £4,342,557) The balance owed from Abbey Europe Ltd to Abbey Forged Products Ltd at the year end is £5,882,211 (2022: £5,938,043).