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REGISTERED NUMBER: 01615003 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

ABEL HOLDINGS LIMITED

ABEL HOLDINGS LIMITED (REGISTERED NUMBER: 01615003)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ABEL HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J D Abel
M Marshall





REGISTERED OFFICE: 3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN





REGISTERED NUMBER: 01615003 (England and Wales)





ACCOUNTANTS: Charles Lamb
Chartered Accountants
3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN

ABEL HOLDINGS LIMITED (REGISTERED NUMBER: 01615003)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,410,842 1,410,842

CREDITORS
Amounts falling due within one year 5 1,002,201 1,002,201
NET CURRENT LIABILITIES (1,002,201 ) (1,002,201 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,641

408,641

CAPITAL AND RESERVES
Called up share capital 400,000 400,000
Retained earnings 8,641 8,641
SHAREHOLDERS' FUNDS 408,641 408,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





J D Abel - Director


ABEL HOLDINGS LIMITED (REGISTERED NUMBER: 01615003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Abel Holdings Limited 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.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 800,000 800,000
Participating interests 99 99
Other investments not loans 610,743 610,743
1,410,842 1,410,842

ABEL HOLDINGS LIMITED (REGISTERED NUMBER: 01615003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 800,000 99 800,099
NET BOOK VALUE
At 31 July 2024 800,000 99 800,099
At 31 July 2023 800,000 99 800,099

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Abel Trust Trading Company 610,743 610,743

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,002,201 1,002,201

6. RELATED PARTY DISCLOSURES

Included in other creditors are loans of £45,000 from the Abel Holdings Retirement Benefit Scheme which are unsecured and bear interest at 3% per annum over Barclays Bank base rate. No interest charge has been included in the figures for the year in respect of interest accrued on past loans..

During the year ended 31 July 2005, the Abel Holdings Retirement Benefit Scheme assigned the right to receive repayment of capital of £45,000 and accrued interest thereon amounting in total to £61,552 to Abel Crescent Estates Limited.

Included in other creditors is an amount of £836,262 due to Abel Property Development Limited which is interest free, unsecured and repayable on demand.

Included in other creditors is an amount of £120,939 due to Abel Crescent Estates Limited which is interest free, unsecured and repayable on demand.

In previous years, the company acquired the right to receive loans from Abel Crescent Estates Limited with a book value of £31,485 for no consideration. The loans do not bear interest and are unsecured.