REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
ABBEY VIEW PRODUCER ORGANISATION LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
ACCRUALS AND DEFERRED INCOME |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Short leasehold | - |
Plant and machinery | - |
Fixtures and fittings | - |
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 |
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 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
The land and buildings costs consist of buildings only. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to participating interests | 1,585,608 | 1,225,608 |
Other creditors |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |