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REGISTERED NUMBER: 10834890 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ABBEYFIELD ROAD LIMITED

ABBEYFIELD ROAD LIMITED (REGISTERED NUMBER: 10834890)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABBEYFIELD ROAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr C J Engelbrecht
Mr D J Van Den Heever
Mr A M Watkins





REGISTERED OFFICE: Ground Floor Marlborough House,
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 10834890 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

ABBEYFIELD ROAD LIMITED (REGISTERED NUMBER: 10834890)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 850,000 760,000

CURRENT ASSETS
Cash at bank 17,039 9,183

CREDITORS
Amounts falling due within one year 5 1,891 3,626
NET CURRENT ASSETS 15,148 5,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

865,148

765,557

CREDITORS
Amounts falling due after more than one
year

6

(659,102

)

(659,166

)

PROVISIONS FOR LIABILITIES (38,966 ) (16,466 )
NET ASSETS 167,080 89,925

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Revaluation reserve 8 137,695 70,195
Retained earnings 8 28,385 18,730
SHAREHOLDERS' FUNDS 167,080 89,925

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

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

ABBEYFIELD ROAD LIMITED (REGISTERED NUMBER: 10834890)

BALANCE SHEET - continued
31 OCTOBER 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 15 April 2025 and were signed on its behalf by:





Mr A M Watkins - Director


ABBEYFIELD ROAD LIMITED (REGISTERED NUMBER: 10834890)

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

1. STATUTORY INFORMATION

Abbeyfield Road 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 as modified by the revaluation of certain assets.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ABBEYFIELD ROAD LIMITED (REGISTERED NUMBER: 10834890)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 760,000
Revaluations 90,000
At 31 October 2024 850,000
NET BOOK VALUE
At 31 October 2024 850,000
At 31 October 2023 760,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2021 (29,343 )
Valuation in 2024 90,000
Cost 789,343
850,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Corporation tax 1,891 3,626

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Other loans more 5yrs instal 573,744 573,808
Amounts owed to group undertakings 85,358 85,358
659,102 659,166

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1,000 Ordinary 1 1,000 1,000

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2023 18,730 70,195 88,925
Profit for the year 77,155 77,155
Trf to/from revaluation reserv (67,500 ) 67,500 -
At 31 October 2024 28,385 137,695 166,080

ABBEYFIELD ROAD LIMITED (REGISTERED NUMBER: 10834890)

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

9. RELATED PARTY DISCLOSURES

At the year end the company owed £85,358 (2023: £85,358) to EWV Properties Limited. This loan is interest free, unsecured and has no fixed terms of repayment. The directors of Abbeyfield Road Limited are also the directors of EWV Properties Limited.

The company is a 100% subsidiary of EWV Properties Limited.