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REGISTERED NUMBER: 08743662 (England and Wales)











Unaudited Financial Statements

for the Period 1st April 2023 to 31st July 2024

for

Abram Property Limited

Abram Property Limited (Registered number: 08743662)






Contents of the Financial Statements
for the Period 1st April 2023 to 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abram Property Limited

Company Information
for the Period 1st April 2023 to 31st July 2024







DIRECTORS: Mr A L Abram
Mrs H Abram





SECRETARY:





REGISTERED OFFICE: The Mill
Centurian Industrial Estate
Centurian Way, Farington
Leyland
Lancashire
PR25 4GU





REGISTERED NUMBER: 08743662 (England and Wales)





ACCOUNTANTS: Stephen Andrews & Co Limited
186 Eaves Lane
Chorley
Lancashire
PR6 0AU

Abram Property Limited (Registered number: 08743662)

Balance Sheet
31st July 2024

31.7.24 31.3.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,712,526 3,505,310

CURRENT ASSETS
Debtors 5 446,634 -
Cash at bank 2,457 1,284,850
449,091 1,284,850
CREDITORS
Amounts falling due within one year 6 2,517,653 2,059,655
NET CURRENT LIABILITIES (2,068,562 ) (774,805 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,643,964

2,730,505

CREDITORS
Amounts falling due after more than one year 7 1,902,060 1,982,229
NET ASSETS 741,904 748,276

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 741,902 748,274
SHAREHOLDERS' FUNDS 741,904 748,276

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.

Abram Property Limited (Registered number: 08743662)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th December 2024 and were signed on its behalf by:





Mr A L Abram - Director


Abram Property Limited (Registered number: 08743662)

Notes to the Financial Statements
for the Period 1st April 2023 to 31st July 2024

1. STATUTORY INFORMATION

Abram Property 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on cost

Taxation
Taxation for the period 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

Abram Property Limited (Registered number: 08743662)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 31st July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 3,279,029 226,281 3,505,310
Additions 874,354 334,612 1,208,966
At 31st July 2024 4,153,383 560,893 4,714,276
DEPRECIATION
Charge for period - 1,750 1,750
At 31st July 2024 - 1,750 1,750
NET BOOK VALUE
At 31st July 2024 4,153,383 559,143 4,712,526
At 31st March 2023 3,279,029 226,281 3,505,310

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.3.23
£    £   
Other debtors 446,634 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.3.23
£    £   
Bank loans and overdrafts 51,700 56,200
Taxation and social security - 130,357
Other creditors 2,465,953 1,873,098
2,517,653 2,059,655

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.3.23
£    £   
Bank loans 1,902,060 1,982,229

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

Abram Property Limited (Registered number: 08743662)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 31st July 2024

9. RELATED PARTY DISCLOSURES

Included in other creditors is a loan balance of £2,355,934 (2023 £1,593,562) from Custom Tape Limited a company under common control.

Included in other creditors is a loan balance of £108,697 (2023 £56,080) from Willowbrooke Residential Home Limited a company under common control.