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Registered Number: 13894322
England and Wales

 

 

 

ABKATPROPERTY LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Director NWANKWO Taibat Abolaji
Registered Number 13894322
Registered Office 12 BALDOCK ROAD
CANTERBURY UNITED KINGDOM
CT1 1XH
Accountants NEWINTON ACCOUNTANCY LTD


1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 29 February 2024.
Principal activities
Principal activity of the company during the financial period was of holiday and other collective accommodation
Director
The director who served the company throughout the year was as follows:
NWANKWO Taibat Abolaji
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
NWANKWO Taibat Abolaji
Director

Date approved: 17 November 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 29 February 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
NEWINTON ACCOUNTANCY LTD
29 February 2024



....................................................

NEWINTON ACCOUNTANCY LTD




17 November 2024
3
 
 
Notes
 
2024
£
  2023
£
Turnover 29,232   
Cost of sales (15,277)  
Gross profit 13,955   
Administrative expenses (8,133)  
Operating profit 5,822   
Interest payable and similar charges (8,585)  
Profit/(Loss) on ordinary activities before taxation (2,763)  
Tax on profit on ordinary activities  
Profit/(Loss) for the financial year (2,763)  
 
4
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 359,607    359,609 
359,607    359,609 
Current assets      
Cash at bank and in hand 6,426    2,453 
Creditors: amount falling due within one year 4 (390,141)   (383,605)
Net current assets (383,715)   (381,152)
 
Total assets less current liabilities (24,108)   (21,543)
Creditors: amount falling due after more than one year 5 (200)  
Net assets (24,308)   (21,543)
 

Capital and reserves
     
Called up share capital 6 10    10 
Profit and loss account (24,318)   (21,553)
Shareholders' funds (24,308)   (21,543)
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 17 November 2024 and were signed by:


-------------------------------
NWANKWO Taibat Abolaji
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 04 February 2022 (21,553) (21,553)
Total comprehensive income for the year
Shares issued 10  10 
Total investments by and distributions to owners 10  10 
At 28 February 2023 10  (21,553) (21,543)
At 01 March 2023 10  (21,555) (21,545)
Profit for the year (2,763) (2,763)
Total comprehensive income for the year (2,763) (2,763)
Total investments by and distributions to owners
At 29 February 2024 10  (24,318) (24,308)
6
General Information
ABKATPROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13894322, registration address 12 BALDOCK ROAD, CANTERBURY UNITED KINGDOM, CT1 1XH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 March 2023   4,582    4,582 
Additions 355,025      355,025 
Disposals    
At 29 February 2024 355,025    4,582    359,607 
Depreciation
At 01 March 2023    
Charge for year    
On disposals    
At 29 February 2024    
Net book values
Closing balance as at 29 February 2024 355,025    4,582    359,607 
Opening balance as at 01 March 2023 355,025    4,584    359,609 


4.

Creditors: amount falling due within one year

2024
£
  2023
£
Mortgage Loan 256,275    256,275 
Accrued Expenses 480    200 
Directors' Current Accounts 133,386    127,130 
390,141    383,605 

5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Accrued Expenses 200   
200   

6.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £10.00 each 10    10 
10    10 

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