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REGISTERED NUMBER: 14640896 (England and Wales)










Unaudited Financial Statements

for the Period

6 February 2023 to 28 February 2024

for

Able 79 Properties Ltd

Able 79 Properties Ltd (Registered number: 14640896)






Contents of the Financial Statements
for the Period 6 February 2023 to 28 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Able 79 Properties Ltd

Company Information
for the Period 6 February 2023 to 28 February 2024







DIRECTORS: G P Cooke
Mrs M Cooke
G W Woodward
Mrs M Woodward





REGISTERED OFFICE: Able Engineering
Cadley Hill Road
Swadlincote
Derby
Derbyshire
DE11 9DJ





REGISTERED NUMBER: 14640896 (England and Wales)





ACCOUNTANTS: Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

Able 79 Properties Ltd (Registered number: 14640896)

Abridged Balance Sheet
28 February 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 26,625
Investments 5 9,250
Investment property 6 958,275
994,150

CURRENT ASSETS
Debtors 765,410
Cash at bank 738,761
1,504,171
CREDITORS
Amounts falling due within one year 743,727
NET CURRENT ASSETS 760,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,754,594

PROVISIONS FOR LIABILITIES 6,656
NET ASSETS 1,747,938

CAPITAL AND RESERVES
Called up share capital 100
Share premium 9,900
Retained earnings 1,737,938
1,747,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

Able 79 Properties Ltd (Registered number: 14640896)

Abridged Balance Sheet - continued
28 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 28 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 November 2024 and were signed on its behalf by:





G W Woodward - Director


Able 79 Properties Ltd (Registered number: 14640896)

Notes to the Financial Statements
for the Period 6 February 2023 to 28 February 2024

1. STATUTORY INFORMATION

Able 79 Properties Ltd is a private company, limited by shares , registered in England and Wales. 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.

Preparation of consolidated financial statements
The financial statements contain information about Able 79 Properties Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 period 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.


Able 79 Properties Ltd (Registered number: 14640896)

Notes to the Financial Statements - continued
for the Period 6 February 2023 to 28 February 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 35,500
At 28 February 2024 35,500
DEPRECIATION
Charge for period 8,875
At 28 February 2024 8,875
NET BOOK VALUE
At 28 February 2024 26,625

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 10,000
Disposals (750 )
At 28 February 2024 9,250
NET BOOK VALUE
At 28 February 2024 9,250

Able 79 Properties Ltd (Registered number: 14640896)

Notes to the Financial Statements - continued
for the Period 6 February 2023 to 28 February 2024

5. FIXED ASSET INVESTMENTS - continued

The fixed asset investments relate to shares held in a group company and are included at Par. Note during the year some of the shares were disposed of to a third party.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 958,275
At 28 February 2024 958,275
NET BOOK VALUE
At 28 February 2024 958,275

The investment property was obtained during the year from a group company. The cost is deemed by the Directors to be reflective of the current market value of the property.