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REGISTERED NUMBER: 09675641 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

ABG Property Management Ltd

ABG Property Management Ltd (Registered number: 09675641)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ABG Property Management Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J G Wilson
D A Wilson





REGISTERED OFFICE: Arthurs Bridge Garage
Arthurs Bridge Road
Woking
Surrey
GU21 4NT





REGISTERED NUMBER: 09675641 (England and Wales)





ACCOUNTANTS: Roberts York Limited
York House
4A Highfield Gardens
Liss
Hampshire
GU33 7NQ

ABG Property Management Ltd (Registered number: 09675641)

Abridged Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Investments 4 200 200
Investment property 5 1,865,103 1,485,000
1,865,303 1,485,200

CURRENT ASSETS
Stocks 71,914 -
Debtors - 748
Cash at bank 7,641 70,750
79,555 71,498
CREDITORS
Amounts falling due within one year 212,402 147,674
NET CURRENT LIABILITIES (132,847 ) (76,176 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,732,456

1,409,024

CREDITORS
Amounts falling due after more than one
year

(2,966

)

(4,993

)

PROVISIONS FOR LIABILITIES (132,819 ) (106,219 )
NET ASSETS 1,596,671 1,297,812

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 6 626,293 512,890
Retained earnings 970,178 784,722
1,596,671 1,297,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ABG Property Management Ltd (Registered number: 09675641)

Abridged Balance Sheet - continued
30 September 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:





J G Wilson - Director


ABG Property Management Ltd (Registered number: 09675641)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

ABG Property Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

ABG Property Management Ltd (Registered number: 09675641)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2023
and 30 September 2024 200
NET BOOK VALUE
At 30 September 2024 200
At 30 September 2023 200

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,485,000
Additions 240,100
Revaluations 140,003
At 30 September 2024 1,865,103
NET BOOK VALUE
At 30 September 2024 1,865,103
At 30 September 2023 1,485,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2018 422,686
Valuation in 2021 54,000
Valuation in 2022 116,000
Valuation in 2023 18,948
Valuation in 2024 140,003
Cost 1,113,466
1,865,103

If the properties had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 1,113,466 873,366

Investment properties were valued on an open market basis on 30 September 2024 by the directors .

ABG Property Management Ltd (Registered number: 09675641)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. RESERVES
Fair
value
reserve
£   
At 1 October 2023 512,890
Fair value movement 113,403

At 30 September 2024 626,293