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Registered number: 06870188
Cats Abbey Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Sheppards Chartered Accountants
Suite A, 2nd Floor Kennedy House
31 Stamford Street
Altrincham
Cheshire
WA14 1ES
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06870188
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 22,186 22,639
Tangible Assets 5 159,261 154,708
181,447 177,347
CURRENT ASSETS
Debtors 6 4,350,137 1,617,736
Cash at bank and in hand 1,302,650 467,037
5,652,787 2,084,773
Creditors: Amounts Falling Due Within One Year 7 (3,877,076 ) (501,263 )
NET CURRENT ASSETS (LIABILITIES) 1,775,711 1,583,510
TOTAL ASSETS LESS CURRENT LIABILITIES 1,957,158 1,760,857
NET ASSETS 1,957,158 1,760,857
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,957,058 1,760,757
SHAREHOLDERS' FUNDS 1,957,158 1,760,857
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J Levy
Director
21st August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cats Abbey Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06870188 . The registered office is 39 Lancaster Grove, Belsize Park, London, NW3 4HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account at 2% reducing balance.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Improvements no depreciation
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 30% on reducing balance
Computer Equipment 33.33% on cost
2.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 30,000
As at 31 March 2024 30,000
Amortisation
As at 1 April 2023 7,361
Provided during the period 453
As at 31 March 2024 7,814
Net Book Value
As at 31 March 2024 22,186
As at 1 April 2023 22,639
Page 3
Page 4
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 222,637
Additions 22,659
As at 31 March 2024 245,296
Depreciation
As at 1 April 2023 67,929
Provided during the period 18,106
As at 31 March 2024 86,035
Net Book Value
As at 31 March 2024 159,261
As at 1 April 2023 154,708
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors 4,350,137 1,617,736
4,350,137 1,617,736
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Other creditors 3,805,738 307,772
Taxation and social security 71,338 193,491
3,877,076 501,263
8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Jonathan Levy 999,309 - 999,309 - -
The above loan is unsecured and repayable on demand.
Page 4