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Registered number: 11871326
Abley Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Optimise Accountants Ltd
Office 15 Bramley House, 2a Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11871326
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,046 15,513
Investment Properties 5 573,000 683,000
584,046 698,513
CURRENT ASSETS
Debtors 6 31,300 27,106
Cash at bank and in hand 661 1,808
31,961 28,914
Creditors: Amounts Falling Due Within One Year 7 (355,845 ) (354,600 )
NET CURRENT ASSETS (LIABILITIES) (323,884 ) (325,686 )
TOTAL ASSETS LESS CURRENT LIABILITIES 260,162 372,827
Creditors: Amounts Falling Due After More Than One Year 8 (207,627 ) (275,491 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,718 ) (26,705 )
NET ASSETS 34,817 70,631
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 75,536 113,850
Profit and Loss Account (40,819 ) (43,319 )
SHAREHOLDERS' FUNDS 34,817 70,631
Page 1
Page 2
For the year ending 31 March 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.
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.
On behalf of the board
Mrs Jane Dunford
Director
23/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Abley Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11871326 . The registered office is B1 Vantage Park, Old Gloucester Road, Hambrook, Bristol, BS16 1GW.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% RBM
Computer Equipment 25% straight line
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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 17,706 337 18,043
As at 31 March 2025 17,706 337 18,043
Depreciation
As at 1 April 2024 2,336 194 2,530
Provided during the period 4,427 40 4,467
As at 31 March 2025 6,763 234 6,997
Net Book Value
As at 31 March 2025 10,943 103 11,046
As at 1 April 2024 15,370 143 15,513
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 683,000
Disposals (110,000 )
As at 31 March 2025 573,000
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 456 501
Other debtors 28,594 25,530
Other debtors (1) 2,250 1,075
31,300 27,106
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - (1 )
Other creditors - 15,258
Other creditors (1) 2,250 1,075
Directors' loan accounts 353,595 338,268
355,845 354,600
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 207,627 259,966
Other creditors - 15,525
207,627 275,491
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 207,627 259,966
Other Creditors - 30,783
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Fair Value Reserve
£
As at 1 April 2024 113,850
Transfer to profit and loss (38,314 )
As at 31 March 2025 75,536
12. Controlling Party
There is no ultimate controlling party due to both shareholders owning equal proportions of the share capital.
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