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REGISTERED NUMBER: 03616148 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ABBEY VIEW PRODUCER ORGANISATION LIMITED

ABBEY VIEW PRODUCER ORGANISATION LIMITED (REGISTERED NUMBER: 03616148)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABBEY VIEW PRODUCER ORGANISATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: B J Hibberd
S Wilkinson
L Hibberd





SECRETARY: W J Worwood





REGISTERED OFFICE: Abbey View Nursery
Galley Hill Road
Waltham Abbey
Essex
EN9 2AG





REGISTERED NUMBER: 03616148 (England and Wales)





AUDITORS: Kingly Jones LLP
Chartered Accountants
Statutory Auditor
414 Linen Hall
162-168 Regent Street
London
W1B 5TE

ABBEY VIEW PRODUCER ORGANISATION LIMITED (REGISTERED NUMBER: 03616148)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 174,638 261,951

CURRENT ASSETS
Debtors 6 164,679 10,447
Cash at bank 10,858 775
175,537 11,222
CREDITORS
Amounts falling due within one year 7 1,616,803 1,261,964
NET CURRENT LIABILITIES (1,441,266 ) (1,250,742 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,266,628 ) (988,791 )

ACCRUALS AND DEFERRED INCOME 56,028 81,223
NET LIABILITIES (1,322,656 ) (1,070,014 )

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings (1,322,786 ) (1,070,144 )
SHAREHOLDERS' FUNDS (1,322,656 ) (1,070,014 )

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 29 August 2024 and were signed on its behalf by:





B J Hibberd - Director


ABBEY VIEW PRODUCER ORGANISATION LIMITED (REGISTERED NUMBER: 03616148)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Abbey View Producer Organisation Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern

During the year 31 December 2023, the Company reported an after tax loss of £252,642 and net liabilities at the year end of £1,322,656

The directors have prepared the accounts on a going concern basis as they believe they have the continued support of the creditors to meet liabilities as they fall due. There are no adjustments in these financial statements if this was not the case.

On this basis the directors are satisfied that it is appropriate for the Financial Statements to be drawn up on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 4% on cost
Plant and machinery - 25% on cost and 20% on cost
Fixtures and fittings - 20% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss accounts over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ABBEY VIEW PRODUCER ORGANISATION LIMITED (REGISTERED NUMBER: 03616148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 2,182,829 642,860 2,825,689
DEPRECIATION
At 1 January 2023 1,920,878 642,860 2,563,738
Charge for year 87,313 - 87,313
At 31 December 2023 2,008,191 642,860 2,651,051
NET BOOK VALUE
At 31 December 2023 174,638 - 174,638
At 31 December 2022 261,951 - 261,951

The land and buildings costs consist of buildings only.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 139,844 4,027
Other debtors 24,835 6,420
164,679 10,447

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 5,161
Amounts owed to participating interests 1,585,608 1,225,608
Other creditors 31,195 31,195
1,616,803 1,261,964

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Jones (Senior Statutory Auditor)
for and on behalf of Kingly Jones LLP

9. CONTINGENT LIABILITIES

The company has given an unlimited guarantee over the company's assets to the bankers of Abbey View Produce Limited.

10. RELATED PARTY DISCLOSURES

Abbey View Produce Limited has a participating interest in the company. Included in turnover are sales to Abbey View Produce Limited, a company with a participating interest, of £17,289,652 (2022: £19,363,030). Included within creditors is £1,585,608 (2022: £1,225,608) payable to Abbey View Produce Limited. Included in cost of sales are purchases from Abbey View Produce Limited of £996,356 (2022:£1,027,899).Included in trade debtors is an amount due from Abbey View Produce Limited of £40,556

In cost of sales are purchases of £5,446,203 (2022: £5,508,617) from KB100 Ltd, a wholly owned subsidiary of Abbey View Produce Limited. There were no amounts due to this company at the year end,and KB100 owed £93,877 that is included in trade debtors.

ABBEY VIEW PRODUCER ORGANISATION LIMITED (REGISTERED NUMBER: 03616148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12. ULTIMATE CONTROLLING PARTY

There is no controlling party.