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REGISTERED NUMBER: 08845887 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ABRAHAM PROPERTY MANAGEMENT LIMITED

ABRAHAM PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08845887)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABRAHAM PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: L Abraham
D Abraham





REGISTERED OFFICE: 38 Market Street
ELY
Cambridgeshire
CB7 4LS





REGISTERED NUMBER: 08845887 (England and Wales)





ACCOUNTANTS: Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH

ABRAHAM PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08845887)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 600,000 600,000
600,000 600,000

CURRENT ASSETS
Debtors 6 344 291
Cash at bank 10,687 8,304
11,031 8,595
CREDITORS
Amounts falling due within one year 7 450,367 456,098
NET CURRENT LIABILITIES (439,336 ) (447,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,664

152,497

PROVISIONS FOR LIABILITIES 8 23,017 23,017
NET ASSETS 137,647 129,480

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 137,547 129,380
SHAREHOLDERS' FUNDS 137,647 129,480

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

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

ABRAHAM PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08845887)

BALANCE SHEET - continued
31 DECEMBER 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 6 May 2025 and were signed on its behalf by:





D Abraham - Director


ABRAHAM PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08845887)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Abraham Property Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on 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 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 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.

3. EMPLOYEES AND DIRECTORS

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

ABRAHAM PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08845887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 10,233
DEPRECIATION
At 1 January 2024
and 31 December 2024 10,233
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 600,000
NET BOOK VALUE
At 31 December 2024 600,000
At 31 December 2023 600,000

The directors have assessed the value of the property as at 31 December 2024 as £600,000 based on recent transactions and market activity for mixed use commercial and residential property in Ely city centre.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2021 92,068
Cost 507,932
600,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 344 291

ABRAHAM PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08845887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 117 66
Taxation and social security 1,916 1,730
Other creditors 448,334 454,302
450,367 456,098

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 23,017 23,017

Deferred
tax
£   
Balance at 1 January 2024 23,017
Balance at 31 December 2024 23,017

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

Mr David John Abraham

Amounts due to the director, D Abraham and included in creditors amount to £447,000 (2023: £453,000). This is an interest free loan, repayable on demand.

2024 2023
£ £
Amount due from related party at balance sheet date 447,000 453,000

Mrs Laura Abraham

Proprietor of a business and director of the company.

Part of the space in the commercial part of the building is being rented without charge for the rent or associated expenses to a business in which Mrs L Abraham has a controlling interest.