0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 595,168 595,168 595,168 xbrli:pure xbrli:shares iso4217:GBP 10831025 2022-07-01 2023-06-30 10831025 2023-06-30 10831025 2022-06-30 10831025 2021-07-01 2022-06-30 10831025 2022-06-30 10831025 2021-06-30 10831025 bus:Director2 2022-07-01 2023-06-30 10831025 core:AfterOneYear 2023-06-30 10831025 core:AfterOneYear 2022-06-30 10831025 core:WithinOneYear 2023-06-30 10831025 core:WithinOneYear 2022-06-30 10831025 core:ShareCapital 2023-06-30 10831025 core:ShareCapital 2022-06-30 10831025 core:RetainedEarningsAccumulatedLosses 2023-06-30 10831025 core:RetainedEarningsAccumulatedLosses 2022-06-30 10831025 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 10831025 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 10831025 bus:SmallEntities 2022-07-01 2023-06-30 10831025 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 10831025 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 10831025 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10831025 bus:FullAccounts 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 10831025
ABBEYCROWN LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 June 2023
ABBEYCROWN LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
4
595,168
595,168
CURRENT ASSETS
Cash at bank and in hand
173,340
176,127
CREDITORS: amounts falling due within one year
5
( 249,156)
( 259,768)
---------
---------
NET CURRENT LIABILITIES
( 75,816)
( 83,641)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
519,352
511,527
CREDITORS: amounts falling due after more than one year
6
( 413,612)
( 413,612)
---------
---------
NET ASSETS
105,740
97,915
---------
---------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
105,738
97,913
---------
--------
SHAREHOLDERS FUNDS
105,740
97,915
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ABBEYCROWN LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 23 April 2025 , and are signed on behalf of the board by:
P Flora
Director
Company registration number: 10831025
ABBEYCROWN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of rents received, exclusive of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Investment Property
£
Cost
At 1 July 2022 and 30 June 2023
595,168
---------
Depreciation
At 1 July 2022 and 30 June 2023
---------
Carrying amount
At 30 June 2023
595,168
---------
At 30 June 2022
595,168
---------
Investment property has been valued by the directors, on an open market basis, as at 30 June 2023.
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
963
Corporation tax
10,243
21,579
Other creditors
238,913
237,226
---------
---------
249,156
259,768
---------
---------
6. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
413,612
413,612
---------
---------