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Registered number: 00442441

Abbey Commercial Investments Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023


Abbey Commercial Investments 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 00442441

Abbey Commercial Investments Limited

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Abbey Commercial Investments Limited

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets35,881,2996,333,619
Investment Assets41,333,6051,333,605
7,214,9047,667,224
CURRENT ASSETS
Stock254,984338,312
Debtors626,539,95537,615,505
Cash at bank and in hand10,76210,757
26,805,70137,964,574
CREDITORS: Amounts falling due within one year79,041,5315,547,024
NET CURRENT ASSETS17,764,17032,417,550
TOTAL ASSETS LESS CURRENT LIABILITIES24,979,07440,084,774
CREDITORS: Amounts falling due after more than one year83,714,06718,285,493
PROVISIONS FOR LIABILITIES AND CHARGES9719,368719,368
NET ASSETS20,545,63921,079,913
CAPITAL AND RESERVES
Called up share capital10200,000200,000
Revaluation reserve1e,118,338,9718,338,971
Capital redemption reserve12120,000120,000
Other reserves1216,984,54016,984,540
Profit and loss account(5,097,872)(4,563,598)
SHAREHOLDERS' FUNDS20,545,63921,079,913

Abbey Commercial Investments Limited

BALANCE SHEET AT 30/06/2023
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 28/10/2024 and signed on their behalf by
.............................
Roland J B Duce
Director

Abbey Commercial Investments 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. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
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 11).
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 Investments Limited

2. EMPLOYEES
20232022
No.No.
Average number of employees65
3. TANGIBLE FIXED ASSETS
Land And
BuildingsEquipmentMotor CarsTotal
££££
Cost
At 01/07/20225,872,7251,08729,9535,903,765
At 30/06/20235,872,7251,08729,9535,903,765
Depreciation
At 01/07/2022--20,10620,106
For the year-3911,9692,360
At 30/06/2023-39122,07522,466
Net Book Amounts
At 30/06/20235,872,7256967,8785,881,299
At 30/06/20225,872,7251,0879,8475,883,659
4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
Additions1,333,6051,333,605
At 30/06/20231,333,6051,333,605
Amortisation
Net Book Amounts
At 30/06/20231,333,6051,333,605
5. STOCK 20232022
££
Stock comprises:
Work in progress254,984338,312
254,984338,312

Abbey Commercial Investments Limited

6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors(5,974,407)(8,354,232)
VAT-9,949
Other debtors18,899,4953,911,637
Amounts due from group companies13,576,20142,014,979
Prepayments38,66633,172
26,539,95537,615,505
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT84,270-
Directors current account841,035746,907
Bank loans and overdrafts15,685200,040
Bank Loan-1,036,109
Loans238,180317,587
Trade creditors117,674155,862
Other creditors1,192,298390,073
Accruals85,158199,033
Amounts due to group companies6,467,2312,501,413
9,041,5315,547,024
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr3,714,06718,285,493
3,714,06718,285,493

Abbey Commercial Investments Limited

9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation719,368719,368
719,368719,368
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
200000 Ordinary shares of £1 each200000200000
200,000200,000
11. REVALUATION RESERVE 20232022
££
Revaluation reserve8,338,9718,338,971
8,338,9718,338,971
12. OTHER RESERVES 20232022
££
Capital redemption reserve120,000120,000
Other reserves16,984,54016,984,540
17,104,54017,104,540