0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 611,851 128,149 740,000 740,000 611,851 xbrli:pure xbrli:shares iso4217:GBP 10348124 2023-09-01 2024-08-31 10348124 2024-08-31 10348124 2023-08-31 10348124 2022-09-01 2023-08-31 10348124 2023-08-31 10348124 2022-08-31 10348124 bus:Director1 2023-09-01 2024-08-31 10348124 core:WithinOneYear 2024-08-31 10348124 core:WithinOneYear 2023-08-31 10348124 core:AfterOneYear 2024-08-31 10348124 core:AfterOneYear 2023-08-31 10348124 core:ShareCapital 2024-08-31 10348124 core:ShareCapital 2023-08-31 10348124 core:RetainedEarningsAccumulatedLosses 2024-08-31 10348124 core:RetainedEarningsAccumulatedLosses 2023-08-31 10348124 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 10348124 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 10348124 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 10348124 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10348124 bus:SmallEntities 2023-09-01 2024-08-31 10348124 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10348124 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10348124 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10348124 bus:FullAccounts 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: 10348124
Abbey Prestige Lettings Limited
Filleted Unaudited Financial Statements
31 August 2024
Abbey Prestige Lettings Limited
Financial Statements
Year ended 31 August 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Abbey Prestige Lettings Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
740,000
611,851
Current assets
Debtors
5
26,231
99,359
Creditors: amounts falling due within one year
6
19,052
12,857
--------
--------
Net current assets
7,179
86,502
---------
---------
Total assets less current liabilities
747,179
698,353
Creditors: amounts falling due after more than one year
7
602,026
684,930
---------
---------
Net assets
145,153
13,423
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
145,053
13,323
---------
--------
Shareholders funds
145,153
13,423
---------
--------
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 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Abbey Prestige Lettings Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 29 May 2025 , and are signed on behalf of the board by:
Mr P Woodman
Director
Company registration number: 10348124
Abbey Prestige Lettings Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel Street, Salford, M3 5JZ.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Revenue is measured at the fair value of the consideration received
Tangible assets
Property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. It is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Property
£
Cost or valuation
At 1 September 2023
611,851
Revaluations
128,149
---------
At 31 August 2024
740,000
---------
Depreciation
At 1 September 2023 and 31 August 2024
---------
Carrying amount
At 31 August 2024
740,000
---------
At 31 August 2023
611,851
---------
Tangible assets held at valuation
The properties have been revalued by the director at 31 August 2024 based on local market conditions.
5. Debtors
2024
2023
£
£
Other debtors
26,231
99,359
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
15,009
10,206
Social security and other taxes
840
987
Other creditors
3,203
1,664
--------
--------
19,052
12,857
--------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
492,706
498,282
Other creditors
109,320
186,648
---------
---------
602,026
684,930
---------
---------
8. Related party transactions
At the year end the Company owed £16,876 to Abbey Prestige Homes Ltd, £92,444 to Abbey Prestige Homes (Helsby) Ltd and was owed £26,231 by Abbey Prestige Homes (NW) Ltd. The companies are related by common ownership and control. At the year end the Company owed to its director NIL (2023 -£73)