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Company Registration No. 10766869 (England and Wales)
1 ABILITY ESTATE AGENTS LIMITED Unaudited accounts for the year ended 30 June 2024
1 ABILITY ESTATE AGENTS LIMITED Unaudited accounts Contents
Page
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1 ABILITY ESTATE AGENTS LIMITED Company Information for the year ended 30 June 2024
Director
Jaspal Saini
Company Number
10766869 (England and Wales)
Registered Office
18 PILGRIMAGE STREET LONDON SE1 4LL ENGLAND
Accountants
Multiplus Tax Solutions Ltd Suite 1 Chantal House 13-17 High Beech Road Loughton Essex IG10 4BN
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1 ABILITY ESTATE AGENTS LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
810 
1,012 
Current assets
Debtors
1,896 
9,385 
Cash at bank and in hand
262,478 
114,808 
264,374 
124,193 
Creditors: amounts falling due within one year
(243,824)
(121,712)
Net current assets
20,550 
2,481 
Net assets
21,360 
3,493 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
20,360 
2,493 
Shareholders' funds
21,360 
3,493 
For the year ending 30 June 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 5 February 2025 and were signed on its behalf by
Jaspal Saini Director Company Registration No. 10766869
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1 ABILITY ESTATE AGENTS LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
1 ABILITY ESTATE AGENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10766869. The registered office is 18 PILGRIMAGE STREET, LONDON, SE1 4LL, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
20% reducing balance method
Government grants
Government grants represents the total money received in connection with job retention scheme and small business grant from local council.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
2,525 
At 30 June 2024
2,525 
Depreciation
At 1 July 2023
1,513 
Charge for the year
202 
At 30 June 2024
1,715 
Net book value
At 30 June 2024
810 
At 30 June 2023
1,012 
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1 ABILITY ESTATE AGENTS LIMITED Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
8,385 
Amounts due from group undertakings etc.
1,000 
1,000 
Other debtors
896 
- 
1,896 
9,385 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
8,971 
VAT
22,161 
12,941 
Taxes and social security
18,638 
13,303 
Other creditors
256,021 
106,697 
Loans from directors
(60,636)
(18,975)
Accruals
7,640 
(1,225)
243,824 
121,712 
Other creditors represent the client money held in the client bank account and the total amount held as at 30 June 2024 was £256,021.
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Jaspal Saini
18,975 
41,661 
- 
60,636 
18,975 
41,661 
- 
60,636 
The company has extended a loan to the director at an annual interest rate of 2.25%. As of 30 June 2024, the total outstanding loan balance was £60,636. The director will pay £896 in interest, calculated based on the average loan balance for the period ended 30 June 2024.
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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