Registration number:
Abdon Holdings Limited
for the
Year Ended 5 April 2024
Abdon Holdings Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Abdon Holdings Limited
Company Information
Director |
Mr S J J Wedgwood |
Company secretary |
Mr P Wilson |
Registered office |
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Accountants |
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Abdon Holdings Limited
(Registration number: 10100771)
Balance Sheet as at 5 April 2024
Note |
2024 |
2023 |
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Investments |
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Other financial assets |
105,000 |
105,000 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
The director acknowledges his 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.
Abdon Holdings Limited
(Registration number: 10100771)
Balance Sheet as at 5 April 2024
(continued)
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 director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Abdon Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tax
Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.
Abdon Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024
(continued)
2 |
Accounting policies (continued) |
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Abdon Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024
(continued)
Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Investments in associates |
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Subsidiaries |
£ |
Cost or valuation |
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At 6 April 2023 |
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Additions |
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At 5 April 2024 |
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Provision |
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Carrying amount |
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At 5 April 2024 |
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At 5 April 2023 |
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Associates |
£ |
Cost |
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At 6 April 2023 |
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Additions |
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Disposals |
( |
At 5 April 2024 |
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Abdon Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024
(continued)
4 |
Investments (continued) |
Associates |
£ |
Provision |
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Carrying amount |
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At 5 April 2024 |
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At 5 April 2023 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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18 Princelet Street
England |
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Associates |
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18 Princelet Street
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Capital account |
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E1 6QH |
Subsidiary undertakings |
Spitalfields Estate Company Limited The principal activity of Spitalfields Estate Company Limited is |
Abdon Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024
(continued)
4 |
Investments (continued) |
Associates |
Potters Lane LLP The principal activity of Potters Lane LLP is |
Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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Additions |
105,000 |
105,000 |
At 5 April 2024 |
105,000 |
105,000 |
Impairment |
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Carrying amount |
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At 5 April 2024 |
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105,000 |
Debtors |
Note |
2024 |
2023 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Prepayments |
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Abdon Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024
(continued)
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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400,002 |
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400,002 |