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Company Registration No. 05719712 (England and Wales)
Abacus Assurance Financial Services Limited Unaudited accounts for the year ended 31 May 2025
Abacus Assurance Financial Services Limited Unaudited accounts Contents
Page
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Abacus Assurance Financial Services Limited Company Information for the year ended 31 May 2025
Directors
Philip Vaughan Caroline Vaughan
Secretary
ESquare Ltd
Company Number
05719712 (England and Wales)
Registered Office
7 HERBERT TERRACE PENARTH SOUTH GLAMORGAN CF64 2AH
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Abacus Assurance Financial Services Limited for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Abacus Assurance Financial Services Limited for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH 7 June 2025
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Abacus Assurance Financial Services Limited Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
65,139 
65,139 
Current assets
Investments
334,231 
427,955 
Cash at bank and in hand
87,472 
50,753 
421,703 
478,708 
Creditors: amounts falling due within one year
(52,975)
(105,859)
Net current assets
368,728 
372,849 
Net assets
433,867 
437,988 
Capital and reserves
Called up share capital
9,942 
9,942 
Revaluation reserve
47,847 
35,560 
Profit and loss account
376,078 
392,486 
Shareholders' funds
433,867 
437,988 
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 June 2025 and were signed on its behalf by
Philip Vaughan Director Company Registration No. 05719712
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Abacus Assurance Financial Services Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Abacus Assurance Financial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05719712. The registered office is 7 HERBERT TERRACE, PENARTH, SOUTH GLAMORGAN, CF64 2AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Investments
Investments in shares are included at fair value.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2024
65,139 
At 31 May 2025
65,139 
Depreciation
At 31 May 2025
- 
Net book value
At 31 May 2025
65,139 
At 31 May 2024
65,139 
5
Investments held as current assets
2025 
2024 
£ 
£ 
Unlisted investments
334,231 
427,955 
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Abacus Assurance Financial Services Limited Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
- 
541 
Taxes and social security
49,795 
90,317 
Other creditors
- 
401 
Accruals
3,180 
14,600 
52,975 
105,859 
7
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
9,942 Ordinary shares of £1 each
9,942 
9,942 
8
Controlling party
The company is a wholly owned subsidiary of Vaughan Holdings (Porthcawl) Ltd (number 13840324).
9
Average number of employees
During the year the average number of employees was 4 (2024: 3).
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