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Registration number: 10100771

Abdon Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 5 April 2024

 

Abdon Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Abdon Holdings Limited

Company Information

Director

Mr S J J Wedgwood

Company secretary

Mr P Wilson

Registered office

18 Princelet Street
London
E1 6QH

Accountants

Young & Co
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

Abdon Holdings Limited

(Registration number: 10100771)
Balance Sheet as at 5 April 2024

Note

2024
£

2023
£

Investments

4

822,994

822,483

Other financial assets

5

105,000

105,000

 

927,994

927,483

Current assets

 

Debtors

6

103,348

87,726

Cash at bank and in hand

 

55

3

 

103,403

87,729

Creditors: Amounts falling due within one year

7

(279,787)

(314,739)

Net current liabilities

 

(176,384)

(227,010)

Net assets

 

751,610

700,473

Capital and reserves

 

Called up share capital

8

400,002

400,002

Retained earnings

351,608

300,471

Shareholders' funds

 

751,610

700,473

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:

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

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 director on 26 November 2024
 

.........................................
Mr S J J Wedgwood
Director

 

Abdon Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

1

General information

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

The address of its registered office is:
18 Princelet Street
London
E1 6QH
England

These financial statements were authorised for issue by the director on 26 November 2024.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Abdon Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024
(continued)

4

Investments

2024
£

2023
£

Investments in subsidiaries

400,102

400,002

Investments in associates

422,892

422,481

822,994

822,483

Subsidiaries

£

Cost or valuation

At 6 April 2023

400,002

Additions

100

At 5 April 2024

400,102

Provision

Carrying amount

At 5 April 2024

400,102

At 5 April 2023

400,002

Associates

£

Cost

At 6 April 2023

422,481

Additions

34,911

Disposals

(34,500)

At 5 April 2024

422,892

 

Abdon Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024
(continued)

4

Investments (continued)

Associates

£

Provision

Carrying amount

At 5 April 2024

422,892

At 5 April 2023

422,481

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

2024

2023

Subsidiary undertakings

Spitalfields Estate Company Limited

18 Princelet Street
London
E1 6QH

England

Ordinary

100%

100%

Associates

Potters Lane LLP

18 Princelet Street
London

Capital account

25%

25%

E1 6QH

Subsidiary undertakings

Spitalfields Estate Company Limited

The principal activity of Spitalfields Estate Company Limited is Farming.

 

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 property investment.

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Additions

105,000

105,000

At 5 April 2024

105,000

105,000

Impairment

Carrying amount

At 5 April 2024

105,000

105,000

6

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

89,771

74,149

Prepayments

 

13,577

13,577

 

103,348

87,726

 

Abdon Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024
(continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

5,000

5,000

Taxation and social security

13,556

11,147

Accruals and deferred income

1,025

1,115

Other creditors

260,206

297,477

279,787

314,739

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

400,002

400,002

400,002

400,002