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ABER CO-LIVING LIMITED

Registered Number
11169964
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

ABER CO-LIVING LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

ATKINS, Nicholas Geoffrey
ATKINS, Rowena Christian
SELLERS, Stephen Robert

Registered Address

Windsong
Ferry Road
Hayling Island
PO11 0DG

Registered Number

11169964 (England and Wales)
ABER CO-LIVING LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets325,12027,911
Investment property41,420,0001,554,668
1,445,1201,582,579
Current assets
Debtors5888,565
Cash at bank and on hand36,36414,172
36,45222,737
Creditors amounts falling due within one year6(17,131)(15,017)
Net current assets (liabilities)19,3217,720
Total assets less current liabilities1,464,4411,590,299
Creditors amounts falling due after one year7(1,802,756)(1,836,572)
Net assets(338,315)(246,273)
Capital and reserves
Called up share capital22
Revaluation reserve(134,668)-
Profit and loss account(203,649)(246,275)
Shareholders' funds(338,315)(246,273)
The financial statements were approved and authorised for issue by the Board of Directors on 23 December 2024, and are signed on its behalf by:
ATKINS, Nicholas Geoffrey
Director
SELLERS, Stephen Robert
Director

Registered Company No. 11169964
ABER CO-LIVING LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery10
Fixtures and fittings10
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 2320,53618,11338,649
At 31 March 2420,53618,11338,649
Depreciation and impairment
At 01 April 236,8003,93810,738
Charge for year1,3741,4172,791
At 31 March 248,1745,35513,529
Net book value
At 31 March 2412,36212,75825,120
At 31 March 2313,73614,17527,911
4.Investment property

£
Fair value at 01 April 231,554,668
Fair value adjustments(134,668)
At 31 March 241,420,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-8,115
Other debtors88450
Total888,565
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,1512,151
Other creditors12,81912,866
Accrued liabilities and deferred income2,161-
Total17,13115,017
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,068,4701,070,512
Other creditors734,286766,060
Total1,802,7561,836,572