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REGISTERED NUMBER: 10646185 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ABAC PROPERTY LIMITED

ABAC PROPERTY LIMITED (REGISTERED NUMBER: 10646185)

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


ABAC PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr A M Blaug
Mr A Carnovale





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 10646185 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

ABAC PROPERTY LIMITED (REGISTERED NUMBER: 10646185)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 528,192 523,665
Investments 5 1,083,681 -
1,611,873 523,665

CURRENT ASSETS
Debtors 6 - 1,267
Investments 7 185 -
Cash at bank 64,737 24,848
64,922 26,115
CREDITORS
Amounts falling due within one year 8 20,343 8,597
NET CURRENT ASSETS 44,579 17,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,656,452

541,183

CREDITORS
Amounts falling due after more than one
year

9

1,574,856

461,758
NET ASSETS 81,596 79,425

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 81,496 79,325
SHAREHOLDERS' FUNDS 81,596 79,425

ABAC PROPERTY LIMITED (REGISTERED NUMBER: 10646185)

BALANCE SHEET - continued
30 APRIL 2024


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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





Mr A Carnovale - Director


ABAC PROPERTY LIMITED (REGISTERED NUMBER: 10646185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Abac Property 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ABAC PROPERTY LIMITED (REGISTERED NUMBER: 10646185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 May 2023 523,445 1,718 330 525,493
Additions 4,125 - 768 4,893
At 30 April 2024 527,570 1,718 1,098 530,386
Depreciation
At 1 May 2023 - 1,718 110 1,828
Charge for year - - 366 366
At 30 April 2024 - 1,718 476 2,194
Net book value
At 30 April 2024 527,570 - 622 528,192
At 30 April 2023 523,445 - 220 523,665

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.4.24 30.4.23
£    £   
ABAC Property Management LLP 1,083,681 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors - 1,267

7. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
£    £   
Other Investment in LLP 185 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 415 3,931
Other creditors 19,928 4,666
20,343 8,597

ABAC PROPERTY LIMITED (REGISTERED NUMBER: 10646185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 1,083,681 -
Amounts owed to group undertakings 491,175 461,758
1,574,856 461,758

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,083,681 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100