REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
6 February 2023 to 28 February 2024 |
for |
Able 79 Properties Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
At 28 February 2024 |
DEPRECIATION |
Charge for period |
At 28 February 2024 |
NET BOOK VALUE |
At 28 February 2024 |
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 |
At 28 February 2024 |
NET BOOK VALUE |
At 28 February 2024 |
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. |