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REGISTERED NUMBER: 03149292















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JUNE 2023 TO 31ST JULY 2024

FOR

ABBEYMEWS PROPERTIES LIMITED

ABBEYMEWS PROPERTIES LIMITED (REGISTERED NUMBER: 03149292)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1st June 2023 to 31st July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABBEYMEWS PROPERTIES LIMITED

COMPANY INFORMATION
for the Period 1st June 2023 to 31st July 2024







DIRECTORS: P J Davies
A E Davies
L Hall





REGISTERED OFFICE: 100 Barbirlolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 03149292





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

ABBEYMEWS PROPERTIES LIMITED (REGISTERED NUMBER: 03149292)

BALANCE SHEET
31st July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 - 700,000
- 700,000

CURRENT ASSETS
Stocks 11,879 -
Debtors 6 14,767 24,614
Cash at bank 99,538 13,118
126,184 37,732
CREDITORS
Amounts falling due within one year 7 (16,748 ) (533,033 )
NET CURRENT ASSETS/(LIABILITIES) 109,436 (495,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,436

204,699

CREDITORS
Amounts falling due after more than one
year

8

(76,908

)

(220,104

)
NET ASSETS/(LIABILITIES) 32,528 (15,405 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium 138,000 138,000
Retained earnings (106,472 ) (154,405 )
SHAREHOLDERS' FUNDS 32,528 (15,405 )

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

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

ABBEYMEWS PROPERTIES LIMITED (REGISTERED NUMBER: 03149292)

BALANCE SHEET - continued
31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th April 2025 and were signed on its behalf by:





L Hall - Director


ABBEYMEWS PROPERTIES LIMITED (REGISTERED NUMBER: 03149292)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1st June 2023 to 31st July 2024


1. STATUTORY INFORMATION

Abbeymews Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03149292. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD and the principal place of business is 19 Poppy Walk, St James's Road, Goffs Oak, Hertfordshire, EN7 6TJ.

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.

The company has received assurance from the directors of its parent company that they will continue to provide financial support to the company for at least twelve months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare accounts on a going concern basis.

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 represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of rental income which is recognised on a straight-line basis over the lease term.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets are charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Computer equipment-33% on cost

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measure at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss in the period which they arise.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ABBEYMEWS PROPERTIES LIMITED (REGISTERED NUMBER: 03149292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1st June 2023 to 31st July 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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.

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 period 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st June 2023 299
Disposals (299 )
At 31st July 2024 -
DEPRECIATION
At 1st June 2023 299
Eliminated on disposal (299 )
At 31st July 2024 -
NET BOOK VALUE
At 31st July 2024 -
At 31st May 2023 -

ABBEYMEWS PROPERTIES LIMITED (REGISTERED NUMBER: 03149292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1st June 2023 to 31st July 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023 700,000
Disposals (700,000 )
At 31st July 2024 -
NET BOOK VALUE
At 31st July 2024 -
At 31st May 2023 700,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 18,257
Amounts owed by group undertakings 14,767 -
Other debtors - 6,357
14,767 24,614

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 258
Taxation and social security 1,203 1,463
Other creditors 15,545 531,312
16,748 533,033

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 76,908 220,104

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1.00 1,000 1,000

On the 19/02/2024 the share capital of the company was acquired by Peter Davies & Sons Limited by way of a share for share exchange.

10. RELATED PARTY DISCLOSURES

Included in Other creditors is an amount owed to a company under common control of £11,729 (2023: £11,729).