IRIS Accounts Production v25.1.0.734 12055349 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120553492023-07-31120553492024-07-31120553492023-08-012024-07-31120553492022-07-31120553492022-08-012023-07-31120553492023-07-3112055349ns15:EnglandWales2023-08-012024-07-3112055349ns14:PoundSterling2023-08-012024-07-3112055349ns10:Director12023-08-012024-07-3112055349ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3112055349ns10:SmallEntities2023-08-012024-07-3112055349ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3112055349ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3112055349ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112055349ns10:FullAccounts2023-08-012024-07-3112055349ns10:OrdinaryShareClass12023-08-012024-07-3112055349ns10:Director22023-08-012024-07-3112055349ns10:Director32023-08-012024-07-3112055349ns10:RegisteredOffice2023-08-012024-07-3112055349ns5:CurrentFinancialInstruments2024-07-3112055349ns5:CurrentFinancialInstruments2023-07-3112055349ns5:Non-currentFinancialInstruments2024-07-3112055349ns5:Non-currentFinancialInstruments2023-07-3112055349ns5:ShareCapital2024-07-3112055349ns5:ShareCapital2023-07-3112055349ns5:RetainedEarningsAccumulatedLosses2024-07-3112055349ns5:RetainedEarningsAccumulatedLosses2023-07-3112055349ns5:LandBuildings2023-07-3112055349ns5:LandBuildings2023-08-012024-07-3112055349ns5:LandBuildings2024-07-3112055349ns5:LandBuildings2023-07-3112055349ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 12055349 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Abbotsford Property Development Limited

Abbotsford Property Development Limited (Registered number: 12055349)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Abbotsford Property Development Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R L George
L George
S L George





REGISTERED OFFICE: Venture House
Calne Road
Lyneham
Chippenham
Wiltshire
SN15 4PP





BUSINESS ADDRESS: Hillside Stables
Bradenstoke
Chippenham
SN15 4ES





REGISTERED NUMBER: 12055349 (England and Wales)





ACCOUNTANTS: Venture
Chartered Accountants
Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP

Abbotsford Property Development Limited (Registered number: 12055349)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 872,800 450,000

CURRENT ASSETS
Cash at bank 2,355 966

CREDITORS
Amounts falling due within one year 5 230,524 (5,391 )
NET CURRENT (LIABILITIES)/ASSETS (228,169 ) 6,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

644,631

456,357

CREDITORS
Amounts falling due after more than one
year

6

647,044

450,525
NET (LIABILITIES)/ASSETS (2,413 ) 5,832

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (2,513 ) 5,732
SHAREHOLDERS' FUNDS (2,413 ) 5,832

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

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

Abbotsford Property Development Limited (Registered number: 12055349)

Statement of Financial Position - continued
31 July 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 16 April 2025 and were signed on its behalf by:





R L George - Director


Abbotsford Property Development Limited (Registered number: 12055349)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Abbotsford Property Development 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

Abbotsford Property Development Limited (Registered number: 12055349)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 August 2023 450,000
Additions 220,000
Reclassification/transfer 210,000
At 31 July 2024 880,000
DEPRECIATION
Charge for year 7,200
At 31 July 2024 7,200
NET BOOK VALUE
At 31 July 2024 872,800
At 31 July 2023 450,000

The prior year accounts had been prepared on the basis of setting off the properties with the associated loans. The directors have taken the opportunity to restate their best estimate of the disaggregated values. These values have been revised to actual in 2024.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 974 -
Other creditors 229,550 (5,391 )
230,524 (5,391 )

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Other creditors 647,044 450,525

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

8. GOING CONCERN

The company is reliant on the continued support of its creditors. The director has indicated that he will not request repayment of amounts due until such time as the company can afford them.

Abbotsford Property Development Limited (Registered number: 12055349)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. DIVIDENDS

Dividends provided for in these accounts are illegal dividends. As a consequence, these are paid out of expected future profit and as such will be repayable until such profits are made.