Registered number
06489552
Able Data Holdings Limited
Filleted Accounts
31 March 2025
Able Data Holdings Limited
Registered number: 06489552
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1 320
Investments 4 935,000 835,000
935,001 835,320
Current assets
Debtors 5 1,137 (8,237)
Cash at bank and in hand 1,857 1,770
2,994 (6,467)
Creditors: amounts falling due within one year 6 (179,610) (167,800)
Net current liabilities (176,616) (174,267)
Total assets less current liabilities 758,385 661,053
Creditors: amounts falling due after more than one year 7 (55,331) (68,146)
Net assets 703,054 592,907
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 9 204,235 104,235
Profit and loss account 497,819 487,672
Shareholders' funds 703,054 592,907
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C E Tuckwell
Director
Approved by the board on 22 June 2025
Able Data Holdings Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 10% per annum
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 3,680
At 31 March 2025 3,680
Depreciation
At 1 April 2024 3,360
Charge for the year 319
At 31 March 2025 3,679
Net book value
At 31 March 2025 1
At 31 March 2024 320
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 April 2024 300,000 535,000 835,000
Revaluation 100,000 - 100,000
At 31 March 2025 400,000 535,000 935,000
Historical cost
At 1 April 2024 1,450,000 -
At 31 March 2025 1,450,000 -
A valuation of the freehold building was carried out in 2020 by Mr I Archer, a surveyor at Aitchison Rafferty, on an open market value existing use basis.
5 Debtors 2025 2024
£ £
Trade debtors 179 (8,992)
Other debtors 958 755
1,137 (8,237)
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 11,756 11,756
Trade creditors 1,500 1,500
Amounts owed to group undertakings and undertakings in which the company has a participating interest 116,623 115,264
Taxation and social security costs 47,517 37,066
Other creditors 2,214 2,214
179,610 167,800
Included in Taxation and social security costs is deferred tax of £8,286 in respect of advanced allowances and £24,626 in respect of the potential gain in the value of the freehold property. There were no changes in the year.
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 55,331 68,146
8 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years - 27,783
Secured bank loans 67,087 91,784
The bank loan is secured on the freehold property.
9 Revaluation reserve 2025 2024
£ £
At 1 April 2024 104,235 104,235
Gain on revaluation on investment 100,000 -
At 31 March 2025 204,235 104,235
10 Other information
Able Data Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10, Abbots Business Park
Primrose Hill
Kings Langley
Herts
WD4 8FR
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