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
Abaris Properties And Lettings Limited
Company Information
for the year ended 31 March 2024
Director
Eamonn Joseph Ruane
Company Number
03839839 (England and Wales)
Registered Office
30 Weetwood Avenue
Leeds
LS16 5NF
Abaris Properties And Lettings Limited
Statement of financial position
as at 31 March 2024
Tangible assets
29,611
36,212
Creditors: amounts falling due within one year
(39,328)
(16,087)
Net current liabilities
(29,167)
(16,087)
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
Abaris Properties And Lettings Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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
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
At 31 March 2024
21,600
8,011
-
29,611
At 31 March 2023
24,000
11,956
256
36,212
Amounts falling due within one year
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)
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
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).