Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-302025-04-30true1falsefalse2024-05-01s that of an investment company.1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14778291 2024-05-01 2025-04-30 14778291 2023-04-04 2024-04-30 14778291 2025-04-30 14778291 2024-04-30 14778291 c:Director1 2024-05-01 2025-04-30 14778291 d:FreeholdInvestmentProperty 2024-05-01 2025-04-30 14778291 d:FreeholdInvestmentProperty 2025-04-30 14778291 d:FreeholdInvestmentProperty 2024-04-30 14778291 d:CurrentFinancialInstruments 2025-04-30 14778291 d:CurrentFinancialInstruments 2024-04-30 14778291 d:Non-currentFinancialInstruments 2025-04-30 14778291 d:Non-currentFinancialInstruments 2024-04-30 14778291 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 14778291 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14778291 d:ShareCapital 2025-04-30 14778291 d:ShareCapital 2024-04-30 14778291 d:RetainedEarningsAccumulatedLosses 2025-04-30 14778291 d:RetainedEarningsAccumulatedLosses 2024-04-30 14778291 c:FRS102 2024-05-01 2025-04-30 14778291 c:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 14778291 c:FullAccounts 2024-05-01 2025-04-30 14778291 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 14778291 2 2024-05-01 2025-04-30 14778291 6 2024-05-01 2025-04-30 14778291 e:PoundSterling 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Registered number: 14778291










ABC MGMT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2025

 
ABC MGMT LIMITED
REGISTERED NUMBER: 14778291

BALANCE SHEET
AS AT 30 APRIL 2025

2025
2024
Note
£
£

Fixed assets
  

Investments
 4 
120,000
120,000

Investment property
 5 
445,003
277,666

  
565,003
397,666

Current assets
  

Debtors: amounts falling due after more than one year
 6 
-
300,000

Debtors: amounts falling due within one year
 6 
300,000
-

Cash at bank and in hand
 7 
95,786
5,876

  
395,786
305,876

Creditors: amounts falling due within one year
 8 
(964,459)
(704,190)

Net current liabilities
  
 
 
(568,673)
 
 
(398,314)

Total assets less current liabilities
  
(3,670)
(648)

  

Net liabilities
  
(3,670)
(648)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(3,671)
(649)

  
(3,670)
(648)


Page 1

 
ABC MGMT LIMITED
REGISTERED NUMBER: 14778291
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2025

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
A Mullan
Director

Date: 24 July 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ABC MGMT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

1.


General information

ABC MGMT Limited is a private company limited by shares incorporated in England and Wales. The registered office is Westmead Farm Sheep Tick End, Lidlington, Bedford, United Kingdom, MK43 0SF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company is supported by a director and shareholder of the Company. The support has been in the form of loans and they will not be seeking repayment of balances owed. The Director and shareholder have given assurance that these amounts will not be called in until the Company is in a
position to afford to do so. On this basis the Director has prepared the financial statements on a
going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
ABC MGMT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

  
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
ABC MGMT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.9

Investment property

Investment property is carried at fair value determined annually by the director 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. Changes in fair value are recognised in profit and loss.

 
2.10

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

Page 5

 
ABC MGMT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 May 2024
120,000



At 30 April 2025
120,000





5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2024
277,666


Additions at cost
167,337



At 30 April 2025
445,003






Page 6

 
ABC MGMT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

6.


Debtors

2025
2024
£
£

Due after more than one year

Other debtors
-
300,000


2025
2024
£
£

Due within one year

Other debtors
300,000
-



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
95,786
5,876



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
-
90

Other creditors
961,788
701,700

Accruals and deferred income
2,671
2,400

964,459
704,190



9.


Related party transactions

At 30 April 2025 there was a balance owing to Adrian Mullan of £601,700 (2024: 491,700). This amount is shown within creditors due within one year. This loan is interest free and is due on demand.
At 30 April 2025 there was a balance owing to Calise Mullan of £360,088 (2024: 210,000). Calise Mullan is a shareholder and the wife of the Director Adrian Mullan and this amount is shown within creditors due within one year. Interest has been charged on this loan at 7% per annum. Interset paid in the year amounted to £17,860 (2024 - £nil). The loan is due on demand.

 
Page 7