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Company Registration No. 00825921 (England and Wales)
Abarbsbilt Property Co. Limited Unaudited accounts for the year ended 29 February 2024
Abarbsbilt Property Co. Limited Unaudited accounts Contents
Page
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Abarbsbilt Property Co. Limited Company Information for the year ended 29 February 2024
Director
Mr C Taylor
Company Number
00825921 (England and Wales)
Registered Office
3 Meadfoot Close Torquay Devon TQ1 1JJ England
Accountants
M A Walker & Associates Willow Ridge 1 Whitebeam Close Paignton Devon TQ3 3GA
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Abarbsbilt Property Co. Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
815,523 
276,039 
Current assets
Cash at bank and in hand
12,058 
- 
Creditors: amounts falling due within one year
(559,180)
(8,117)
Net current liabilities
(547,122)
(8,117)
Net assets
268,401 
267,922 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
268,399 
267,920 
Shareholders' funds
268,401 
267,922 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
Mr C Taylor Director Company Registration No. 00825921
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Abarbsbilt Property Co. Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Abarbsbilt Property Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 00825921. The registered office is 3 Meadfoot Close, Torquay, Devon, TQ1 1JJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 March 2023
275,516 
523 
276,039 
Revaluations
641,514 
- 
641,514 
Disposals
(102,030)
- 
(102,030)
At 29 February 2024
815,000 
523 
815,523 
Depreciation
At 29 February 2024
- 
- 
- 
Net book value
At 29 February 2024
815,000 
523 
815,523 
At 28 February 2023
275,516 
523 
276,039 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
920 
863 
Taxes and social security
2,053 
3,210 
Loans from directors
556,207 
4,044 
559,180 
8,117 
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Abarbsbilt Property Co. Limited Notes to the Accounts for the year ended 29 February 2024
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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