Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3122falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01falseInvestment holding companytruetrue 08514168 2023-06-01 2024-05-31 08514168 2022-06-01 2023-05-31 08514168 2024-05-31 08514168 2023-05-31 08514168 c:Director2 2023-06-01 2024-05-31 08514168 d:CurrentFinancialInstruments 2024-05-31 08514168 d:CurrentFinancialInstruments 2023-05-31 08514168 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08514168 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08514168 d:ShareCapital 2024-05-31 08514168 d:ShareCapital 2023-05-31 08514168 d:RetainedEarningsAccumulatedLosses 2024-05-31 08514168 d:RetainedEarningsAccumulatedLosses 2023-05-31 08514168 c:OrdinaryShareClass1 2023-06-01 2024-05-31 08514168 c:OrdinaryShareClass1 2024-05-31 08514168 c:OrdinaryShareClass1 2023-05-31 08514168 c:FRS102 2023-06-01 2024-05-31 08514168 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08514168 c:FullAccounts 2023-06-01 2024-05-31 08514168 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08514168 6 2023-06-01 2024-05-31 08514168 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08514168









ABSTRACT ABC INVESTMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
ABSTRACT ABC INVESTMENT LIMITED
REGISTERED NUMBER: 08514168

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
378,846
378,846

  
378,846
378,846

Current assets
  

Debtors: amounts falling due within one year
 5 
52
52

Cash at bank and in hand
 6 
2,763
3,783

  
2,815
3,835

Creditors: amounts falling due within one year
 7 
(346,476)
(346,487)

Net current liabilities
  
 
 
(343,661)
 
 
(342,652)

Net assets
  
35,185
36,194


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
35,184
36,193

  
35,185
36,194


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



T S Harman
Director
Date: 27 August 2024

Page 1

 
ABSTRACT ABC INVESTMENT LIMITED
REGISTERED NUMBER: 08514168
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ABSTRACT ABC INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The company is a limited liability company incorporated in England.  Its registered office is situated at 53 Penn Road, Beaconsfield, Buckinghamshire, HP9 2LW. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
ABSTRACT ABC INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees



The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 June 2023
378,846



At 31 May 2024
378,846





5.


Debtors

2024
2023
£
£


Other debtors
52
52

52
52


Page 4

 
ABSTRACT ABC INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,763
3,783

2,763
3,783



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
346,126
346,127

Accruals and deferred income
350
360

346,476
346,487



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £0.50 each
1
1


Page 5