Company Registration No. 10487714 (England and Wales)
Aboding Co-Living Limited
Unaudited accounts
for the year ended 30 September 2024
Aboding Co-Living Limited
Unaudited accounts
Contents
Aboding Co-Living Limited
Company Information
for the year ended 30 September 2024
Director
William Morton Flowerday
Company Number
10487714 (England and Wales)
Registered Office
483 GREEN LANES
LONDON
N13 4BS
ENGLAND
Aboding Co-Living Limited
Statement of financial position
as at 30 September 2024
Tangible assets
22,285
22,467
Cash at bank and in hand
24,019
32,592
Creditors: amounts falling due within one year
(103,476)
(111,215)
Net current liabilities
(3,423)
(5,034)
Total assets less current liabilities
18,862
17,433
Creditors: amounts falling due after more than one year
(30,832)
(36,051)
Net liabilities
(11,970)
(18,618)
Called up share capital
2
2
Profit and loss account
(11,972)
(18,620)
Shareholders' funds
(11,970)
(18,618)
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 12 June 2025 and were signed on its behalf by
William Morton Flowerday
Director
Company Registration No. 10487714
Aboding Co-Living Limited
Notes to the Accounts
for the year ended 30 September 2024
Aboding Co-Living Limited is a private company, limited by shares, registered in England and Wales, registration number 10487714. The registered office is 483 GREEN LANES, LONDON, N13 4BS, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
20% SL
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
53,732
568
54,300
Disposals
(23,438)
-
(23,438)
At 30 September 2024
39,788
568
40,356
At 1 October 2023
31,603
230
31,833
Charge for the year
5,978
114
6,092
Surplus on revaluation
(19,854)
-
(19,854)
At 30 September 2024
17,727
344
18,071
At 30 September 2024
22,061
224
22,285
At 30 September 2023
22,129
338
22,467
Aboding Co-Living Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
54,368
33,951
Accrued income and prepayments
1,333
10,173
Other debtors
20,333
29,465
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,517
5,517
Trade creditors
32,711
29,522
Taxes and social security
3,356
4,270
Other creditors
61,259
61,618
Loans from directors
633
633
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
At the balance sheet date, the Company was owed £48,324 (2023 - £33,951) from Aboding Limited a connected company.
At the balance sheet date, the Company was owed £168 (2023 - £0) from East Village a connected company.
At the balance sheet date, the Company was owed £14,160 (2023 - £0) from Aboding Investments Limited a connected company.
At the balance sheet date, the Company owed £8,000 (2023 - £0) to WMF Property Limited a connected company.
At the balance sheet date, the Company owed £633 (2023 - £633) to the director, W Flowerday.
During the year, the Company made payments of rent totalling £410,000 (2022 £461,400 ) to Aboding Investments LLP.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).