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REGISTERED NUMBER: 11847852 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

ABBOTVILLE PROPERTIES LTD

ABBOTVILLE PROPERTIES LTD (REGISTERED NUMBER: 11847852)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABBOTVILLE PROPERTIES LTD

COMPANY INFORMATION
for the year ended 29 FEBRUARY 2024







DIRECTOR: D A Hageman





REGISTERED OFFICE: 1 High Street
Thatcham
United Kingdom
Berks
RG19 3JG





REGISTERED NUMBER: 11847852 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

ABBOTVILLE PROPERTIES LTD (REGISTERED NUMBER: 11847852)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 600,000 645,000

CURRENT ASSETS
Cash at bank 47,480 36,110

CREDITORS
Amounts falling due within one year 5 558,407 559,581
NET CURRENT LIABILITIES (510,927 ) (523,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,073

121,529

PROVISIONS FOR LIABILITIES 7,748 16,298
NET ASSETS 81,325 105,231

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 33,032 69,482
Retained earnings 48,193 35,649
81,325 105,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The 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.

The financial statements were approved by the director and authorised for issue on 26 October 2024 and were signed by:





D A Hageman - Director


ABBOTVILLE PROPERTIES LTD (REGISTERED NUMBER: 11847852)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Abbotville 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 year 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.

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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ABBOTVILLE PROPERTIES LTD (REGISTERED NUMBER: 11847852)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 FEBRUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 645,000
Revaluations (45,000 )
At 29 February 2024 600,000
NET BOOK VALUE
At 29 February 2024 600,000
At 28 February 2023 645,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2021 18,800
Valuation in 2023 66,980
Valuation in 2024 (45,000 )
Cost 559,220
600,000

If investment properties had not been revalued it would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 559,220 559,220

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 40 -
Taxation and social security 3,177 3,686
Other creditors 555,190 555,895
558,407 559,581

6. RESERVES
Fair
value
reserve
£   
At 1 March 2023 69,482
Gains/(losses) on revaluation (36,450 )

At 29 February 2024 33,032

7. CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date or at 28 February 2023.

ABBOTVILLE PROPERTIES LTD (REGISTERED NUMBER: 11847852)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 FEBRUARY 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date the amount due to the Director was £552,899 (2023 £553,742).

During the year purchases of goods and labour totalling £Nil (2023 : £3,000) were acquired from the Director.

9. ULTIMATE CONTROLLING PARTY

The controlling party is D A Hageman.