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REGISTERED NUMBER: 09301408 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

ABIMATT PROPERTY LTD

ABIMATT PROPERTY LTD (REGISTERED NUMBER: 09301408)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ABIMATT PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DIRECTOR: Mr A P Oliver





REGISTERED OFFICE: 3 Pumping Station Road
London
W4 2SN





REGISTERED NUMBER: 09301408 (England and Wales)





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

ABIMATT PROPERTY LTD (REGISTERED NUMBER: 09301408)

STATEMENT OF FINANCIAL POSITION
30 MARCH 2024

30.3.24 30.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,971 3,039
Investment property 5 375,000 375,000
388,971 378,039

CURRENT ASSETS
Stocks 6 15,000 15,000
Debtors 7 2,311,436 1,545,496
Cash at bank 95,566 5,258
2,422,002 1,565,754
CREDITORS
Amounts falling due within one year 8 2,660,637 1,787,488
NET CURRENT LIABILITIES (238,635 ) (221,734 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,336

156,305

CREDITORS
Amounts falling due after more than one
year

9

(13,266

)

(23,393

)

PROVISIONS FOR LIABILITIES 10 (30,314 ) (20,962 )
NET ASSETS 106,756 111,950

CAPITAL AND RESERVES
Called up share capital 11 1 1
Special reserve 12 80,464 86,901
Retained earnings 26,291 25,048
SHAREHOLDERS' FUNDS 106,756 111,950

ABIMATT PROPERTY LTD (REGISTERED NUMBER: 09301408)

STATEMENT OF FINANCIAL POSITION - continued
30 MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2025 and were signed by:





Mr A P Oliver - Director


ABIMATT PROPERTY LTD (REGISTERED NUMBER: 09301408)

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


1. STATUTORY INFORMATION

Abimatt Property 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 as modified by the revaluation of certain assets.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

ABIMATT PROPERTY LTD (REGISTERED NUMBER: 09301408)

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


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 31 March 2023 15,800 1,745 17,545
Additions 15,000 - 15,000
Disposals (15,800 ) - (15,800 )
At 30 March 2024 15,000 1,745 16,745
Depreciation
At 31 March 2023 13,304 1,202 14,506
Charge for year 1,393 179 1,572
Eliminated on disposal (13,304 ) - (13,304 )
At 30 March 2024 1,393 1,381 2,774
Net book value
At 30 March 2024 13,607 364 13,971
At 30 March 2023 2,496 543 3,039

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 31 March 2023
and 30 March 2024 375,000
Net book value
At 30 March 2024 375,000
At 30 March 2023 375,000

Fair value at 30 March 2024 is represented by:
£   
Valuation in 2021 107,285
Valuation in 2020 267,715
375,000

6. STOCKS
30.3.24 30.3.23
£    £   
Stocks 15,000 15,000

ABIMATT PROPERTY LTD (REGISTERED NUMBER: 09301408)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Amounts owed by associates 534,464 -
Other debtors 1,776,972 1,545,496
2,311,436 1,545,496

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Bank loans and overdrafts 9,937 9,747
Other creditors 2,650,700 1,777,741
2,660,637 1,787,488

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.24 30.3.23
£    £   
Bank loans 13,266 23,393

10. PROVISIONS FOR LIABILITIES
30.3.24 30.3.23
£    £   
Deferred tax 30,314 20,962

Deferred
tax
£   
Balance at 31 March 2023 20,962
Utilised during year 9,352
Balance at 30 March 2024 30,314

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.3.24 30.3.23
value: £    £   
1 Ordinary shares £1 1 1

ABIMATT PROPERTY LTD (REGISTERED NUMBER: 09301408)

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


12. RESERVES

Special reserve
The special reserves comprise the balance of fair values relating to the investment property net of deferred tax on the gain. This reserve is non-distributable.

Profit and loss account
The profit and loss account comprise the balance of profits accumulated over the life of the company. This reserve is distributable.