Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10571964 2023-02-01 2024-01-31 10571964 2022-02-01 2023-01-31 10571964 2024-01-31 10571964 2023-01-31 10571964 c:Director1 2023-02-01 2024-01-31 10571964 d:CurrentFinancialInstruments 2024-01-31 10571964 d:CurrentFinancialInstruments 2023-01-31 10571964 d:Non-currentFinancialInstruments 2024-01-31 10571964 d:Non-currentFinancialInstruments 2023-01-31 10571964 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10571964 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10571964 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 10571964 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 10571964 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 10571964 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 10571964 d:ShareCapital 2024-01-31 10571964 d:ShareCapital 2023-01-31 10571964 d:RetainedEarningsAccumulatedLosses 2024-01-31 10571964 d:RetainedEarningsAccumulatedLosses 2023-01-31 10571964 c:FRS102 2023-02-01 2024-01-31 10571964 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10571964 c:FullAccounts 2023-02-01 2024-01-31 10571964 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10571964 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 10571964









ABIMARA (PARK ROAD) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
ABIMARA (PARK ROAD) LIMITED
REGISTERED NUMBER: 10571964

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
2,428,384
5,617,401

Debtors: amounts falling due within one year
 5 
37,117
246,121

Cash at bank and in hand
 6 
4,031
17,723

  
2,469,532
5,881,245

Creditors: amounts falling due within one year
 7 
(2,479,699)
(5,864,103)

Net current (liabilities)/assets
  
 
 
(10,167)
 
 
17,142

Total assets less current liabilities
  
(10,167)
17,142

Creditors: amounts falling due after more than one year
 8 
(5,652)
(9,198)

  

Net (liabilities)/assets
  
(15,819)
7,944


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(15,919)
7,844

  
(15,819)
7,944


Page 1

 
ABIMARA (PARK ROAD) LIMITED
REGISTERED NUMBER: 10571964
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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 statement of income and retained earnings 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 on 21 October 2024.




D W Knight
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ABIMARA (PARK ROAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Abimara (Park Road) Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 45 Pall Mall, London, SW1Y 5JG.
The company's principal activity is that of the development of building projects.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
ABIMARA (PARK ROAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on an actual basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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 4 (2023 - 4).

Page 4

 
ABIMARA (PARK ROAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Stocks

2024
2023
£
£

Work in progress
2,428,384
5,617,401

2,428,384
5,617,401



5.


Debtors

2024
2023
£
£


Other debtors
34,544
232,416

Prepayments and accrued income
2,573
12,556

Corporation Tax recoverable
-
1,149

37,117
246,121



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,031
17,723

4,031
17,723



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,844
329,336

Accruals and deferred income
149,493
36,112

Other taxation and social security
76
718

Corporation tax
-
4,600

Other creditors
1,249,943
1,249,943

Bank loans
3,600
3,153,186

Other loans
1,070,743
1,090,208

2,479,699
5,864,103


Page 5

 
ABIMARA (PARK ROAD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,652
9,198

5,652
9,198



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
1,070,743
1,090,208

Bank loans
3,600
3,153,186


1,074,343
4,243,394

Amounts falling due 1-2 years

Bank loans
5,652
9,198


5,652
9,198



1,079,995
4,252,592


 
Page 6