Charles Abby Limited 03219889 false 2023-08-01 2024-10-31 2024-10-31 The principal activity of the company is estate agency, property management and residential lettings. Digita Accounts Production Advanced 6.30.9574.0 true true 03219889 2023-08-01 2024-10-31 03219889 2024-10-31 03219889 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-10-31 03219889 core:CurrentFinancialInstruments 2024-10-31 03219889 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 03219889 core:FurnitureFittings 2024-10-31 03219889 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-31 03219889 core:MotorVehicles 2024-10-31 03219889 bus:SmallEntities 2023-08-01 2024-10-31 03219889 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-10-31 03219889 bus:FilletedAccounts 2023-08-01 2024-10-31 03219889 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-10-31 03219889 bus:RegisteredOffice 2023-08-01 2024-10-31 03219889 bus:Director2 2023-08-01 2024-10-31 03219889 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-10-31 03219889 core:FurnitureFittings 2023-08-01 2024-10-31 03219889 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-01 2024-10-31 03219889 core:MotorVehicles 2023-08-01 2024-10-31 03219889 core:Vehicles 2023-08-01 2024-10-31 03219889 countries:EnglandWales 2023-08-01 2024-10-31 03219889 2023-07-31 03219889 core:FurnitureFittings 2023-07-31 03219889 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 03219889 core:MotorVehicles 2023-07-31 03219889 2022-08-01 2023-07-31 03219889 2023-07-31 03219889 core:CurrentFinancialInstruments 2023-07-31 03219889 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 03219889 core:FurnitureFittings 2023-07-31 03219889 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 03219889 core:MotorVehicles 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 03219889

Charles Abby Limited

Unaudited Filleted Financial Statements

for the Period from 1 August 2023 to 31 October 2024

 

Charles Abby Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Charles Abby Limited

(Registration number: 03219889)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

100,588

Other financial assets

6

-

1

 

-

100,589

Current assets

 

Debtors

14,078

-

Cash at bank and in hand

 

3,706

254,592

 

17,784

254,592

Creditors: Amounts falling due within one year

7

-

(241,482)

Net current assets

 

17,784

13,110

Total assets less current liabilities

 

17,784

113,699

Provisions for liabilities

-

(3,272)

Net assets

 

17,784

110,427

Capital and reserves

 

Called up share capital

200

200

Other reserves

-

47,264

Retained earnings

17,584

62,963

Shareholders' funds

 

17,784

110,427

 

Charles Abby Limited

(Registration number: 03219889)
Balance Sheet as at 31 October 2024

For the financial period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 November 2024 and signed on its behalf by:
 

.........................................
Mr G D Abby
Director

 

Charles Abby Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of property rental. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Charles Abby Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 October 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% of net book value

Motor vehicles

25% of net book value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Taxation

2024

2023

£

£

Corporation tax

(14,078)

19,754

Deferred tax

(3,272)

(74)

(17,350)

19,680

4

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2023 - 4).

 

Charles Abby Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 October 2024

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

87,500

2,027

28,400

117,927

Disposals

(87,500)

(2,027)

(28,400)

(117,927)

At 31 October 2024

-

-

-

-

Depreciation

At 1 August 2023

-

920

16,419

17,339

Charge for the period

-

300

3,245

3,545

Eliminated on disposal

-

(1,220)

(19,664)

(20,884)

At 31 October 2024

-

-

-

-

Carrying amount

At 31 October 2024

-

-

-

-

At 31 July 2023

87,500

1,107

11,981

100,588

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 August 2023

1

1

Disposals

(1)

(1)

At 31 October 2024

-

-

Impairment

Carrying amount

At 31 October 2024

-

-

 

Charles Abby Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 October 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

150,834

Taxation and social security

-

26,415

Other creditors

-

64,233

-

241,482