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REGISTERED NUMBER: 11329703 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

ABV Properties Ltd

ABV Properties Ltd (Registered number: 11329703)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABV Properties Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs J J Dunham
Miss B J Hardy
B Hicks





REGISTERED OFFICE: 7 Bromley Street
Hull
East Yorkshire
HU2 0PY





REGISTERED NUMBER: 11329703 (England and Wales)





ACCOUNTANTS: A K Hutchinson
22 John Street
Kingston Square
Hull
Yorkshire
HU2 8DH

ABV Properties Ltd (Registered number: 11329703)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,052,500 995,000

CURRENT ASSETS
Debtors 5 23,755 22,500
Cash at bank 6,943 11,141
30,698 33,641
CREDITORS
Amounts falling due within one year 6 304,151 311,160
NET CURRENT LIABILITIES (273,453 ) (277,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

779,047

717,481

CREDITORS
Amounts falling due after more than one
year

7

630,134

621,555
NET ASSETS 148,913 95,926

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Revaluation reserve 8 154,468 96,968
Retained earnings (7,555 ) (3,042 )
148,913 95,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ABV Properties Ltd (Registered number: 11329703)

Balance Sheet - continued
30 April 2024


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 17 December 2024 and were signed on its behalf by:





B Hicks - Director


ABV Properties Ltd (Registered number: 11329703)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

ABV 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - in accordance with the property

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 May 2023 995,000
Reclassification/transfer 57,500
At 30 April 2024 1,052,500
NET BOOK VALUE
At 30 April 2024 1,052,500
At 30 April 2023 995,000

ABV Properties Ltd (Registered number: 11329703)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Included in cost of land and buildings is freehold land of £ 1,052,500 (2023 - £ 995,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 23,045 22,500
Other debtors 710 -
23,755 22,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 4,100 4,000
Taxation and social security - 2,635
Other creditors 300,051 304,525
304,151 311,160

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 630,134 621,555

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loans due after one year 630,134 621,555

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023 96,968
Revaluation Reserve 57,500

At 30 April 2024 154,468