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Company Registration No. 12372719 (England and Wales)
ABAY INVESTMENTS COMPANY LIMITED Unaudited accounts for the year ended 31 December 2023
ABAY INVESTMENTS COMPANY LIMITED Unaudited accounts Contents
Page
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ABAY INVESTMENTS COMPANY LIMITED Company Information for the year ended 31 December 2023
Directors
Sabalingam ABAYALINGAM Devaki ABAYALINGAM
Company Number
12372719 (England and Wales)
Registered Office
28 CARACTACUS GREEN WATFORD WD18 6JU ENGLAND
Accountants
P&K Associates Limited CIMA Practising Certificate Holder 183, Burntoak Broadway EDGWARE Middlesex HA8 5EH
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ABAY INVESTMENTS COMPANY LIMITED Accountants' report
Accountants' report to the board of directors of ABAY INVESTMENTS COMPANY LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ABAY INVESTMENTS COMPANY LIMITED for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ABAY INVESTMENTS COMPANY LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ABAY INVESTMENTS COMPANY LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABAY INVESTMENTS COMPANY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ABAY INVESTMENTS COMPANY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ABAY INVESTMENTS COMPANY LIMITED. You consider that ABAY INVESTMENTS COMPANY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ABAY INVESTMENTS COMPANY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
P&K Associates Limited CIMA Practising Certificate Holder 183, Burntoak Broadway EDGWARE Middlesex HA8 5EH 20 September 2024
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ABAY INVESTMENTS COMPANY LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,502 
12,502 
Tangible assets
335,000 
335,000 
347,502 
347,502 
Current assets
Cash at bank and in hand
6,626 
7,232 
Creditors: amounts falling due within one year
(97,327)
(99,152)
Net current liabilities
(90,701)
(91,920)
Total assets less current liabilities
256,801 
255,582 
Creditors: amounts falling due after more than one year
(255,052)
(255,052)
Net assets
1,749 
530 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
1,599 
380 
Shareholders' funds
1,749 
530 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
Sabalingam ABAYALINGAM Director Company Registration No. 12372719
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ABAY INVESTMENTS COMPANY LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
ABAY INVESTMENTS COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12372719. The registered office is 28 CARACTACUS GREEN, WATFORD, WD18 6JU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
12,502 
At 31 December 2023
12,502 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
12,502 
At 31 December 2022
12,502 
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ABAY INVESTMENTS COMPANY LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
335,000 
At 31 December 2023
335,000 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
335,000 
At 31 December 2022
335,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
610 
89 
Loans from directors
96,717 
99,063 
97,327 
99,152 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
255,052 
255,052 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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