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REGISTERED NUMBER: 09741621 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ABOLO (UXBRIGE ROAD) LIMITED

ABOLO (UXBRIGE ROAD) LIMITED (REGISTERED NUMBER: 09741621)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ABOLO (UXBRIGE ROAD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr D Mawji





SECRETARY: Mr S Bhattia





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 09741621 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

ABOLO (UXBRIGE ROAD) LIMITED (REGISTERED NUMBER: 09741621)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 2,280,250 2,255,000

CURRENT ASSETS
Debtors 5 24,699 5,799
Cash at bank 353 3,386
25,052 9,185
CREDITORS
Amounts falling due within one year 6 739,110 707,812
NET CURRENT LIABILITIES (714,058 ) (698,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,566,192

1,556,373

CREDITORS
Amounts falling due after more than one year 7 (1,362,032 ) (1,366,680 )

PROVISIONS FOR LIABILITIES (32,150 ) (32,150 )
NET ASSETS 172,010 157,543

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 96,445 96,445
Retained earnings 75,465 60,998
SHAREHOLDERS' FUNDS 172,010 157,543

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 29 April 2025 and were signed by:



Mr D Mawji - Director


ABOLO (UXBRIGE ROAD) LIMITED (REGISTERED NUMBER: 09741621)

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

1. STATUTORY INFORMATION

Abolo (Uxbrige Road) 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

TURNOVER
Turnover represents rent receivable excluding value added tax.

INVESTMENT PROPERTY
Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been decreased by the amount of depreciation.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

ABOLO (UXBRIGE ROAD) LIMITED (REGISTERED NUMBER: 09741621)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 2,255,000
Additions 25,250
At 31 May 2024 2,280,250
NET BOOK VALUE
At 31 May 2024 2,280,250
At 31 May 2023 2,255,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 128,595
Cost 2,151,655
2,280,250

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,151,655 2,126,405

Investment properties were valued on a fair value basis on 31 May 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 21,699 5,799
Other debtors 3,000 -
24,699 5,799

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,500 5,500
Trade creditors 2,700 -
Amounts owed to group undertakings 712,989 660,610
Taxation and social security 6,990 4,539
Other creditors 10,931 37,163
739,110 707,812

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,362,032 1,366,680

ABOLO (UXBRIGE ROAD) LIMITED (REGISTERED NUMBER: 09741621)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,356,532 1,355,680

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,367,532 1,372,180

The loans are secured by fixed and floating charges over the assets of the company.

9. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £4,304 (2023: £156), due to the director, Mr D Mawji.