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REGISTERED NUMBER: 14935489 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 14 JUNE 2023 TO 30 JUNE 2024

FOR

ABM STREATHAM LTD

ABM STREATHAM LTD (REGISTERED NUMBER: 14935489)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 JUNE 2023 TO 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABM STREATHAM LTD

COMPANY INFORMATION
FOR THE PERIOD 14 JUNE 2023 TO 30 JUNE 2024







DIRECTORS: A Aleksandridis
M Almanov
B T R Leek





REGISTERED OFFICE: 4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU





REGISTERED NUMBER: 14935489 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

ABM STREATHAM LTD (REGISTERED NUMBER: 14935489)

BALANCE SHEET
30 JUNE 2024

Notes £   
CURRENT ASSETS
Stocks 1,228,163
Debtors 4 35,601
Cash at bank 73,626
1,337,390
CREDITORS
Amounts falling due within one year 5 1,392,190
NET CURRENT LIABILITIES (54,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(54,800

)

CAPITAL AND RESERVES
Called up share capital 3
Retained earnings (54,803 )
(54,800 )

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





B T R Leek - Director


ABM STREATHAM LTD (REGISTERED NUMBER: 14935489)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 JUNE 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

ABM Streatham 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
Due to the ongoing support of the company's investors the directors believe that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational existence for the forseeable future.

If the company were unable to continue in operational existence for the forseeable future, adjustments would be necessary to reduce the balance sheet value of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

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

Stocks
Stock is valued at the lower of cost and net realisable value being the estimated selling price less costs to complete and sell. Cost includes the acquisition cost of property along with directly attributable costs incurred in order to bring the property to its intended use. At each reporting date, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation
Taxation for the period 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 period 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

ABM STREATHAM LTD (REGISTERED NUMBER: 14935489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 JUNE 2023 TO 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 35,601

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 15,498
Taxation and social security 221,944
Other creditors 1,154,748
1,392,190

6. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 800,000

The loan is secured by a fixed and floating charge over the assets of the company.