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Registered number: 13557767
Abboo Finance Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2024
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Contents
Page
Company Information 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4
Page 1
Company Information
Directors Mrs S Raza
Mr S A Raza
Company Number 13557767
Registered Office Orchard End
Melbourne Way
Newport
NP20 3RH
Accountants HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Page 1
Page 2
Abridged Balance Sheet
Registered number: 13557767
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 178,449 178,449
178,449 178,449
CURRENT ASSETS
Cash at bank and in hand 6,121 4,997
6,121 4,997
Creditors: Amounts Falling Due Within One Year (6,615 ) (6,040 )
NET CURRENT ASSETS (LIABILITIES) (494 ) (1,043 )
TOTAL ASSETS LESS CURRENT LIABILITIES 177,955 177,406
Creditors: Amounts Falling Due After More Than One Year (179,772 ) (182,410 )
NET LIABILITIES (1,817 ) (5,004 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (1,917 ) (5,104 )
SHAREHOLDERS' FUNDS (1,817) (5,004)
Page 2
Page 3
For the year ending 30 November 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 November 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr S A Raza
Director
9 June 2025
The notes on page 4 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Abboo Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13557767 . The registered office is Orchard End, Melbourne Way, Newport, NP20 3RH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. There has been no valuation by a professional valuer on the investment property.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 December 2023 and 30 November 2024 178,449
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
6. Related Party Transactions
During the year, the company made unsecured, interest free, repayable on demand loans to the directors. At the balance sheet date, the amount due to the company was £367 (2023 - £225).
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