1 November 2023 false No description of principal activity Taxfiler 2024.6 09830280business:PrivateLimitedCompanyLtd2023-11-012024-10-31 098302802023-10-31 098302802023-11-012024-10-31 09830280business:AuditExempt-NoAccountantsReport2023-11-012024-10-31 09830280business:FilletedAccounts2023-11-012024-10-31 098302802024-10-31 09830280business:Director12023-11-012024-10-31 09830280business:RegisteredOffice2023-11-012024-10-31 098302802023-10-31 09830280core:WithinOneYear2024-10-31 09830280core:WithinOneYear2023-10-31 09830280core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 09830280core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 09830280core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 09830280core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 09830280core:PreviouslyStatedAmount2024-10-31 09830280core:PreviouslyStatedAmount2023-10-31 09830280business:SmallEntities2023-11-012024-10-31 09830280countries:EnglandWales2023-11-012024-10-31 09830280core:MotorVehicles2023-11-012024-10-31 09830280core:MotorVehicles2023-10-31 09830280core:MotorVehicles2024-10-31 09830280business:OrdinaryShareClass12023-11-012024-10-31 09830280business:OrdinaryShareClass12022-11-012023-10-31 098302802022-11-012023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09830280 (England and Wales)
Abu Property Ltd Unaudited accounts for the year ended 31 October 2024
Abu Property Ltd Unaudited accounts Contents
Page
- 2 -
Abu Property Ltd Company Information for the year ended 31 October 2024
Director
ABOULACHOUAQ, Richard
Company Number
09830280 (England and Wales)
Registered Office
Royal Buildings Princess Way Swansea SA1 3LW
- 3 -
Abu Property Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,084 
2,167 
Current assets
Debtors
24,010 
13,411 
Investments
26,000 
26,000 
Cash at bank and in hand
4,645 
7,686 
54,655 
47,097 
Creditors: amounts falling due within one year
(5,923)
(5,158)
Net current assets
48,732 
41,939 
Net assets
49,816 
44,106 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
49,716 
44,006 
Shareholders' funds
49,816 
44,106 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2025 and were signed on its behalf by
ABOULACHOUAQ, Richard Director Company Registration No. 09830280
- 4 -
Abu Property Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Abu Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 09830280. The registered office is Royal Buildings, Princess Way, Swansea, SA1 3LW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Straight line over 3 years
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2023
3,250 
At 31 October 2024
3,250 
Depreciation
At 1 November 2023
1,083 
Charge for the year
1,083 
At 31 October 2024
2,166 
Net book value
At 31 October 2024
1,084 
At 31 October 2023
2,167 
- 5 -
Abu Property Ltd Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
24,010 
13,411 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
26,000 
26,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,084 
1,633 
Other creditors
624 
- 
Loans from directors
593 
583 
Accruals
456 
456 
Deferred income
2,166 
2,486 
5,923 
5,158 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -