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REGISTERED NUMBER: 02870812 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Abbey Road Estates Limited

Abbey Road Estates Limited (Registered number: 02870812)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Abbey Road Estates Limited (Registered number: 02870812)

Balance Sheet
31st May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,035 50,713
Investments 5 2 2
Investment property 6 35,320,864 36,270,865
35,358,901 36,321,580

CURRENT ASSETS
Debtors 7 2,784,966 1,482,895
Cash at bank 3,028,534 4,743,874
5,813,500 6,226,769
CREDITORS
Amounts falling due within one year 8 (3,415,430 ) (3,118,273 )
NET CURRENT ASSETS 2,398,070 3,108,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,756,971

39,430,076

CREDITORS
Amounts falling due after more than one year 9 (19,783,844 ) (20,721,195 )

PROVISIONS FOR LIABILITIES (3,330,916 ) (2,951,018 )
NET ASSETS 14,642,211 15,757,863

CAPITAL AND RESERVES
Called up share capital 166 166
Retained earnings 14,642,045 15,757,697
14,642,211 15,757,863

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

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

Abbey Road Estates Limited (Registered number: 02870812)

Balance Sheet - continued
31st May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th March 2025 and were signed on its behalf by:





N A Cowell - Director


Abbey Road Estates Limited (Registered number: 02870812)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Abbey Road Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02870812

Registered office: 37/39 Maida Vale
London
W9 1TP

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
Tangible fixed assets under the cost model are stated at historical cost less accumulated
depreciation and any accumulated impairment losses. Historical cost includes expenditure that is
directly attributable to bringing the asset to the location and condition necessary for it to be capable of
operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their
estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles - 25%
Fixtures and fittings - 25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting
date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognised in profit or loss.

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

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 Profit and Loss Account, 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.


Abbey Road Estates Limited (Registered number: 02870812)

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

2. ACCOUNTING POLICIES - continued
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 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 165,362
DEPRECIATION
At 1st June 2023 114,649
Charge for year 12,678
At 31st May 2024 127,327
NET BOOK VALUE
At 31st May 2024 38,035
At 31st May 2023 50,713

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st June 2023
and 31st May 2024 2
NET BOOK VALUE
At 31st May 2024 2
At 31st May 2023 2

Abbey Road Estates Limited (Registered number: 02870812)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023 36,270,865
Additions 2,050,000
Disposals (3,000,001 )
At 31st May 2024 35,320,864
NET BOOK VALUE
At 31st May 2024 35,320,864
At 31st May 2023 36,270,865

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,784,966 1,482,895

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,391 57,188
Taxation and social security 3,600 292,304
Other creditors 3,401,439 2,768,781
3,415,430 3,118,273

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 19,747,700 20,681,200
Other creditors 36,144 39,995
19,783,844 20,721,195

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 1,285,000 1,685,000