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REGISTERED NUMBER: 10926196 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ABS HOLDING GROUP LTD

ABS HOLDING GROUP LTD (REGISTERED NUMBER: 10926196)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABS HOLDING GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs S L Rawlinson
R J Rawlinson





REGISTERED OFFICE: The Barrons
Church Road
Tarleton
Preston
Lancashire
PR4 6UP





REGISTERED NUMBER: 10926196 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

ABS HOLDING GROUP LTD (REGISTERED NUMBER: 10926196)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 521,949 521,949
Investments 5 1,046,248 1,046,248
1,568,197 1,568,197

CURRENT ASSETS
Debtors 6 33,724 34,450
Cash at bank and in hand 308,222 517,919
341,946 552,369
CREDITORS
Amounts falling due within one year 7 985,324 1,090,985
NET CURRENT LIABILITIES (643,378 ) (538,616 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

924,819

1,029,581

CREDITORS
Amounts falling due after more than one
year

8

836,976

942,622
NET ASSETS 87,843 86,959

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 87,841 86,957
SHAREHOLDERS' FUNDS 87,843 86,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ABS HOLDING GROUP LTD (REGISTERED NUMBER: 10926196)

BALANCE SHEET - continued
31 JANUARY 2024


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 5 September 2024 and were signed on its behalf by:




Mrs S L Rawlinson - Director



R J Rawlinson - Director


ABS HOLDING GROUP LTD (REGISTERED NUMBER: 10926196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

ABS Holding Group Ltd 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. ACCOUNTING POLICIES

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

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

ABS HOLDING GROUP LTD (REGISTERED NUMBER: 10926196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are shown at cost less provision for impairment.

Consolidation
The parent company and its subsidiary undertakings comprise a small group under s383 of the Companies Act 2006. The company has therefore taken advantage of the exemption not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 February 2023
and 31 January 2024 521,949
NET BOOK VALUE
At 31 January 2024 521,949
At 31 January 2023 521,949

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 1,046,248
NET BOOK VALUE
At 31 January 2024 1,046,248
At 31 January 2023 1,046,248

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 98 98
Other debtors 33,626 34,352
33,724 34,450

ABS HOLDING GROUP LTD (REGISTERED NUMBER: 10926196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Amounts owed to group undertakings 840,254 944,935
Social security and other taxes 339 236
VAT 17,604 17,604
Other creditors 118,896 115,404
Directors' current accounts - 337
Accrued expenses 8,231 12,469
985,324 1,090,985

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Other loans (see note 9) 500,000 500,000
Other creditors 336,976 442,622
836,976 942,622

9. LOANS

An analysis of the maturity of loans is given below:

31/1/24 31/1/23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 500,000 500,000

10. RELATED PARTY DISCLOSURES

Management charges of £96,000 (2023: £96,000) excl VAT were charged to Acland Bracewell Surveyors Ltd. Included in Creditors is an amount of £840,254 (2023: £944,935) due to Acland Bracewell Surveyors Ltd.