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REGISTERED NUMBER: 04415286 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Abbeyhill Construction Limited

Abbeyhill Construction Limited (Registered number: 04415286)






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

Chartered Accountants' Report 7

Abbeyhill Construction Limited

Company Information
for the year ended 30 April 2024







DIRECTOR: R Jacques





REGISTERED OFFICE: 1-2 Charterhouse Mews
London
EC1M 6BB





REGISTERED NUMBER: 04415286 (England and Wales)





ACCOUNTANTS: ansteybond
1-2 Charterhouse Mews
London
EC1M 6BB

Abbeyhill Construction Limited (Registered number: 04415286)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 200,000 200,000

CURRENT ASSETS
Cash at bank 143,663 181,582

CREDITORS
Amounts falling due within one year 5 (15,353 ) (20,438 )
NET CURRENT ASSETS 128,310 161,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,310

361,144

CREDITORS
Amounts falling due after more than one year 6 (26,357 ) (30,949 )

PROVISIONS FOR LIABILITIES (37,171 ) (37,171 )
NET ASSETS 264,782 293,024

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserves 7 119,418 119,418
Retained earnings 145,363 173,605
264,782 293,024

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 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.

Abbeyhill Construction Limited (Registered number: 04415286)

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 director and authorised for issue on 30 January 2025 and were signed by:





R Jacques - Director


Abbeyhill Construction Limited (Registered number: 04415286)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Abbeyhill Construction 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Revenue Recognition
Revenue is recognised in the profit and loss when delivery and risk has transferred to the buyer. The net turnover is recognised exclusive of VAT and with the deduction of any discounts granted in connection with the sale.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Abbeyhill Construction Limited (Registered number: 04415286)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business. The collections are expected either immediately or within 30 days, hence they are classified as current assets.

Trade debtors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment.

A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.Significant financial difficulties of the debtor, probability that the debtor will enter bankruptcy or financial reorganisation, and default or delinquency in payments (more than 30 days overdue) are considered indicators that the trade debtor is impaired.

Trade and other creditors
Trade creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment.

A provision for impairment is established when there is objective evidence that the company will not be required to pay all amounts due according to the original terms of the creditors.

Cash and cash equivalents
Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents are comprised of cash within the band, cash within hand and short term deposits with a maturity of three months or less.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 200,000
NET BOOK VALUE
At 30 April 2024 200,000
At 30 April 2023 200,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2017 165,000
Valuation in 2020 70,000
Valuation in 2023 (35,000 )
200,000

Abbeyhill Construction Limited (Registered number: 04415286)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 102 507
Other creditors 15,251 19,931
15,353 20,438

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 26,357 30,949

7. RESERVES
Non-distributable
reserves
£   
At 1 May 2023
and 30 April 2024 119,418

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, there is an amount of £5,910 (2023: £12,340) owed to Mr R Jacques, the director of the company.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Jacques.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Abbeyhill Construction Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abbeyhill Construction Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Abbeyhill Construction Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abbeyhill Construction Limited and state those matters that we have agreed to state to the director of Abbeyhill Construction Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbeyhill Construction Limited and its director for our work or for this report.

It is your duty to ensure that Abbeyhill Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Abbeyhill Construction Limited. You consider that Abbeyhill Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abbeyhill Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






ansteybond
1-2 Charterhouse Mews
London
EC1M 6BB


30 January 2025