IRIS Accounts Production v24.3.2.46 08948720 Board of Directors 1.4.23 31.3.24 31.3.24 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089487202023-03-31089487202024-03-31089487202023-04-012024-03-31089487202022-03-31089487202022-04-012023-03-31089487202023-03-3108948720ns15:EnglandWales2023-04-012024-03-3108948720ns14:PoundSterling2023-04-012024-03-3108948720ns10:Director12023-04-012024-03-3108948720ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108948720ns10:SmallEntities2023-04-012024-03-3108948720ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108948720ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108948720ns10:FullAccounts2023-04-012024-03-3108948720ns10:OrdinaryShareClass12023-04-012024-03-3108948720ns10:Director22023-04-012024-03-3108948720ns10:RegisteredOffice2023-04-012024-03-3108948720ns5:CurrentFinancialInstruments2024-03-3108948720ns5:CurrentFinancialInstruments2023-03-3108948720ns5:Non-currentFinancialInstruments2024-03-3108948720ns5:Non-currentFinancialInstruments2023-03-3108948720ns5:ShareCapital2024-03-3108948720ns5:ShareCapital2023-03-3108948720ns5:RetainedEarningsAccumulatedLosses2024-03-3108948720ns5:RetainedEarningsAccumulatedLosses2023-03-3108948720ns5:CostValuation2023-03-3108948720ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-03-3108948720ns5:UnlistedNon-exchangeTraded2024-03-3108948720ns5:UnlistedNon-exchangeTraded2023-03-3108948720ns5:Subsidiary12023-04-012024-03-3108948720ns5:Subsidiary112023-04-012024-03-3108948720ns5:Subsidiary12024-03-3108948720ns5:Subsidiary12023-03-3108948720ns5:Subsidiary22023-04-012024-03-31089487203ns5:Subsidiary22023-04-012024-03-3108948720ns5:Subsidiary22024-03-3108948720ns5:Subsidiary22023-03-3108948720ns5:Subsidiary32023-04-012024-03-3108948720ns5:Subsidiary352023-04-012024-03-3108948720ns5:Subsidiary32024-03-3108948720ns5:Subsidiary32023-03-3108948720ns5:Subsidiary42023-04-012024-03-31089487207ns5:Subsidiary42023-04-012024-03-3108948720ns5:Subsidiary42024-03-3108948720ns5:Subsidiary42023-03-3108948720ns5:Subsidiary52023-04-012024-03-31089487209ns5:Subsidiary52023-04-012024-03-3108948720ns5:Subsidiary52024-03-3108948720ns5:Subsidiary52023-03-3108948720ns5:Subsidiary62023-04-012024-03-3108948720ns5:Subsidiary6112023-04-012024-03-3108948720ns5:Subsidiary62024-03-3108948720ns5:Subsidiary62023-03-3108948720ns5:Subsidiary72023-04-012024-03-3108948720ns5:Subsidiary7132023-04-012024-03-3108948720ns5:Subsidiary72024-03-3108948720ns5:Subsidiary72023-03-3108948720ns5:Subsidiary82023-04-012024-03-310894872015ns5:Subsidiary82023-04-012024-03-3108948720ns5:Subsidiary82023-03-3108948720ns5:Subsidiary82024-03-3108948720ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108948720ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108948720ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3108948720ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3108948720ns10:OrdinaryShareClass12024-03-3108948720ns5:RetainedEarningsAccumulatedLosses2023-03-3108948720ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 08948720 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ABBS INVESTMENTS LIMITED

ABBS INVESTMENTS LIMITED (REGISTERED NUMBER: 08948720)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABBS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A S Balaghan
B Singh





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 08948720 (England and Wales)

ABBS INVESTMENTS LIMITED (REGISTERED NUMBER: 08948720)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 338,534 338,534

CURRENT ASSETS
Debtors 5 1,425,964 1,624,649
Cash at bank and in hand 496,103 166,643
1,922,067 1,791,292
CREDITORS
Amounts falling due within one year 6 246,506 218,460
NET CURRENT ASSETS 1,675,561 1,572,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,014,095

1,911,366

CREDITORS
Amounts falling due after more than one
year

7

-

14,015
NET ASSETS 2,014,095 1,897,351

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 2,013,895 1,897,151
SHAREHOLDERS' FUNDS 2,014,095 1,897,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ABBS INVESTMENTS LIMITED (REGISTERED NUMBER: 08948720)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 11 January 2025 and were signed on its behalf by:





B Singh - Director


ABBS INVESTMENTS LIMITED (REGISTERED NUMBER: 08948720)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

ABBS Investments 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

ABBS INVESTMENTS LIMITED (REGISTERED NUMBER: 08948720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 6,102 332,432 338,534
NET BOOK VALUE
At 31 March 2024 6,102 332,432 338,534
At 31 March 2023 6,102 332,432 338,534

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Diamond Healthcare Limited
Registered office:
Nature of business: Care Home
%
Class of shares: holding
Ordinary 100.00
31/3/24 31/3/23
£    £   
Aggregate capital and reserves 100 100

Clough House Residential Home Limited
Registered office:
Nature of business: Care Home
%
Class of shares: holding
Ordinary 100.00
31/3/24 31/3/23
£    £   
Aggregate capital and reserves 2 2

Majestic Care Home Limited
Registered office:
Nature of business: Care Home
%
Class of shares: holding
Ordinary 100.00
31/3/24 31/3/23
£    £   
Aggregate capital and reserves 1,000 1,000

ABBS INVESTMENTS LIMITED (REGISTERED NUMBER: 08948720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. FIXED ASSET INVESTMENTS - continued

Burwood Care Home Limited
Registered office:
Nature of business: Care Home
%
Class of shares: holding
Ordinary 100.00
31/3/24 31/3/23
£    £   
Aggregate capital and reserves 1,000 1,000

Hulton Care Home Limited
Registered office:
Nature of business: Care Home
%
Class of shares: holding
Ordinary 100.00
31/3/24 31/3/23
£    £   
Aggregate capital and reserves 1,000 1,000

Diamond Care Home Langdales Ltd
Registered office:
Nature of business:
%
Class of shares: holding
Ordinary 100.00
31/3/24 31/3/23
£    £   
Aggregate capital and reserves 1,000 1,000

The Oaks Care Home Limited
Registered office:
Nature of business: Care Home
%
Class of shares: holding
Ordinary 100.00
31/3/24 31/3/23
£    £   
Aggregate capital and reserves 1,000 1,000

HURST HALL CARE HOME LIMITED
Registered office:
Nature of business: CARE HOME
%
Class of shares: holding
ORDINARY 100.00
31/3/24 31.12.22
£    £   
Aggregate capital and reserves 1,000 1,000

ABBS INVESTMENTS LIMITED (REGISTERED NUMBER: 08948720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
ABBS 3 Properties Ltd 661,650 741,650
Inter Co- Clough House 241,165 247,814
Inter co- Majestic Carehome 92,930 138,192
Inter co- Burwood Care Home 134,390 129,390
Inter co- Hulton Care Home - 1,628
Inter Co- The Oaks C.H. Ltd 126,739 178,345
Inter Co- Hurst hall care home 25,057 46,101
Inter Co-Diamond C/H Langdales 98,185 97,185
ABBS 2 Properties Ltd 45,676 44,176
Prepayments 172 168
1,425,964 1,624,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts (see note 8) 39,203 45,157
Trade creditors 2,141 2,096
Tax 196 6,184
Social security and other taxes 10,870 10,842
Inter co - Diamond Healthcare 112,177 101,245
Inter co- Hulton Care Home 41,018 -
ABBS Properties Ltd 39,450 51,500
Directors' current accounts 11 11
Accrued expenses 1,440 1,425
246,506 218,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans (see note 8) - 14,015

8. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 39,203 45,157

Amounts falling due between one and two years:
Bank loans - 1-2 years - 14,015

ABBS INVESTMENTS LIMITED (REGISTERED NUMBER: 08948720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
200 Ordinary £1 200 200

10. RESERVES
Retained
earnings
£   

At 1 April 2023 1,897,151
Profit for the year 236,744
Dividends (120,000 )
At 31 March 2024 2,013,895

11. ULTIMATE CONTROLLING PARTY

The directors, Mr B Singh & Mr A Balaghan, are the ultimate controlling party.