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Registered number: 02344444

Abbey Commercial Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023


Abbey Commercial Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Roland J B Duce
Alexander J C Duce
Colin Andrew Gray
REGISTERED OFFICE
11a Ironmonger Street
Stamford
Lincolnshire
PE9 1PL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02344444

Abbey Commercial Developments Limited

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Abbey Commercial Developments Limited

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets34,255,5004,255,500
Investment Assets4100100
4,255,6004,255,600
CURRENT ASSETS
Stock1,112,2531,112,253
Debtors73,159,9042,514,334
Cash at bank and in hand48,4461,047,730
4,320,6034,674,317
CREDITORS: Amounts falling due within one year8303,179738,984
NET CURRENT ASSETS4,017,4243,935,333
TOTAL ASSETS LESS CURRENT LIABILITIES8,273,0248,190,933
CREDITORS: Amounts falling due after more than one year94,435,3804,401,705
NET ASSETS3,837,6443,789,228
CAPITAL AND RESERVES
Called up share capital1122
Revaluation reserve1e,12780,302780,302
Profit and loss account3,057,3403,008,924
SHAREHOLDERS' FUNDS3,837,6443,789,228
For the year ending 30/06/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 09/10/2024 and signed on their behalf by
.............................
Roland J B Duce
Director

Abbey Commercial Developments Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1e. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 12).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

Abbey Commercial Developments Limited

2. EMPLOYEES
20232022
No.No.
Average number of employees--
3. TANGIBLE FIXED ASSETS
Cost
At 30/06/2023
Depreciation
At 30/06/2023
Net Book Amounts
At 30/06/2023
4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/07/2022100100
At 30/06/2023100100
Amortisation
Net Book Amounts
At 30/06/2023100100
At 30/06/2022100100
5. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/07/20224,255,5004,255,500
At 30/06/20234,255,5004,255,500

Abbey Commercial Developments Limited

6. STOCK 20232022
££
Stock comprises:
Work in progress1,112,2531,112,253
1,112,2531,112,253
7. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors - BH102,41969,847
Trade debtors 16,42316,086
Other debtors124,226-
Amounts due from group companies2,883,4422,401,017
Prepayments21,03515,025
Deferred taxation12,35912,359
3,159,9042,514,334
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax20,95250,863
VAT13,991261,059
Trade creditors30,29629,994
Other creditors60,04960,049
Accruals177,891135,110
Amounts due to group companies-201,909
303,179738,984
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr4,435,3804,401,705
4,435,3804,401,705

Abbey Commercial Developments Limited

10. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation(12,359)(12,359)
11. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
12. REVALUATION RESERVE 20232022
££
Revaluation reserve780,302780,302
780,302780,302