ABAS ESTATES LIMITED
Registered number: 07440289
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 189,521 189,521
Current assets
Cash at bank and in hand 1,509 329
Creditors: amounts falling due within one year 4 (598) (795)
Net current assets/(liabilities) 911 (466)
Total assets less current liabilities 190,432 189,055
Creditors: amounts falling due after more than one year 5 (172,076) (171,306)
Net assets 18,356 17,749
Capital and reserves
Called up share capital 20 20
Profit and loss account 18,336 17,729
Shareholder's funds 18,356 17,749
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
SABA AHMED
Director
Approved by the board on 27 January 2025
ABAS ESTATES LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 189,521
At 31 August 2024 189,521
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 189,521
At 31 August 2023 189,521
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 142 387
Other creditors 456 408
598 795
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 103,911 106,788
Other creditors 68,165 64,518
172,076 171,306
6 Other information
ABAS ESTATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
19 JONES WAY
ROCHDALE
LANCASHIRE
OL16 4FX
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