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REGISTERED NUMBER: SC097865 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Abodes Ltd.

Abodes Ltd. (Registered number: SC097865)






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


Abodes Ltd.

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R G Woodford
J C Woodford





SECRETARY: J C Woodford





REGISTERED OFFICE: The Stables 1 Lngbank Holdings
Langbank Farm
Milngavie
GLASGOW
G62 6EL





REGISTERED NUMBER: SC097865 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Abodes Ltd. (Registered number: SC097865)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,356 29,927
Investment property 5 720,000 720,000
741,356 749,927

CURRENT ASSETS
Debtors 6 17,251 17,251
Cash at bank 38,039 10,921
55,290 28,172
CREDITORS
Amounts falling due within one year 7 49,313 42,839
NET CURRENT ASSETS/(LIABILITIES) 5,977 (14,667 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,333

735,260

CREDITORS
Amounts falling due after more than one
year

8

(104,553

)

(134,704

)

PROVISIONS FOR LIABILITIES (28,679 ) (28,679 )
NET ASSETS 614,101 571,877

Abodes Ltd. (Registered number: SC097865)

Balance Sheet - continued
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 174,077 174,077
Retained earnings 439,924 397,700
SHAREHOLDERS' FUNDS 614,101 571,877

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.

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 17 October 2024 and were signed on its behalf by:





J C Woodford - Director


Abodes Ltd. (Registered number: SC097865)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Abodes Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is the amount receivable for the provision of goods and services falling within the company's ordinary activities,excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Abodes Ltd. (Registered number: SC097865)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 36,271 56,672 5,722 98,665
DEPRECIATION
At 1 February 2023 30,611 33,755 4,372 68,738
Charge for year 2,316 5,797 458 8,571
At 31 January 2024 32,927 39,552 4,830 77,309
NET BOOK VALUE
At 31 January 2024 3,344 17,120 892 21,356
At 31 January 2023 5,660 22,917 1,350 29,927

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 720,000
NET BOOK VALUE
At 31 January 2024 720,000
At 31 January 2023 720,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 17,251 17,251

Abodes Ltd. (Registered number: SC097865)

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
£    £   
Bank loans and overdrafts 18,943 18,943
Taxation and social security 14,163 1,753
Other creditors 16,207 22,143
49,313 42,839

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 104,553 134,704

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 28,780 58,931

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 123,496 153,647

10. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 174,077

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end date, Mr J C Woodford (director and shareholder) was owed £7,415.64 (2023- £11,415.64) from the company.

These amounts bear no interest and re repayable on demand.

12. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the ultimate controlling party is J C Woodford.