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Company Registration No. 03839839 (England and Wales)
Abaris Properties And Lettings Limited Unaudited accounts for the year ended 31 March 2024
Abaris Properties And Lettings Limited Unaudited accounts Contents
Page
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Abaris Properties And Lettings Limited Company Information for the year ended 31 March 2024
Director
Eamonn Joseph Ruane
Secretary
Jane Ruane
Company Number
03839839 (England and Wales)
Registered Office
30 Weetwood Avenue Leeds LS16 5NF
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Abaris Properties And Lettings Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,611 
36,212 
Current assets
Debtors
10,161 
- 
Creditors: amounts falling due within one year
(39,328)
(16,087)
Net current liabilities
(29,167)
(16,087)
Net assets
444 
20,125 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
441 
20,122 
Shareholders' funds
444 
20,125 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 January 2025 and were signed on its behalf by
Eamonn Joseph Ruane Director Company Registration No. 03839839
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Abaris Properties And Lettings Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Abaris Properties And Lettings Limited is a private company, limited by shares, registered in England and Wales, registration number 03839839. The registered office is 30 Weetwood Avenue, Leeds, LS16 5NF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Amortised over the term of the lease
Fixtures & fittings
33% Straight Line method
Computer equipment
33% Straight Line method
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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Abaris Properties And Lettings Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
24,000 
11,956 
2,503 
38,459 
At 31 March 2024
24,000 
11,956 
2,503 
38,459 
Depreciation
At 1 April 2023
- 
- 
2,247 
2,247 
Charge for the year
2,400 
3,945 
256 
6,601 
At 31 March 2024
2,400 
3,945 
2,503 
8,848 
Net book value
At 31 March 2024
21,600 
8,011 
- 
29,611 
At 31 March 2023
24,000 
11,956 
256 
36,212 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,161 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,372 
10,541 
Taxes and social security
27,017 
23,997 
Other creditors
2,962 
7,606 
Loans from directors
(9,773)
(27,607)
Accruals
1,750 
1,550 
39,328 
16,087 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
8
Loans to directors
During the year, the company made interest free advances to a director amounting to £9,773. These were repayable on demand. The company received repayments of £9,773.00
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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