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REGISTERED NUMBER: 01983608















Financial Statements for the Year Ended 30 August 2024

for

Abbeystead Projects (Design and
Build) Limited

Abbeystead Projects (Design and
Build) Limited (Registered number: 01983608)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abbeystead Projects (Design and
Build) Limited

Company Information
for the Year Ended 30 August 2024







DIRECTOR: H McLarty





REGISTERED OFFICE: 20 Wellesley Road
Toxteth
Liverpool
Merseyside
L8 3SU





REGISTERED NUMBER: 01983608





ACCOUNTANTS: Cobham Murphy Limited
116 Duke Street
Liverpool
Merseyside
L1 5JW

Abbeystead Projects (Design and
Build) Limited (Registered number: 01983608)

Balance Sheet
30 August 2024

30.8.24 30.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,059 1,103
Investment property 5 1,087,317 410,034
1,088,376 411,137

CURRENT ASSETS
Cash at bank 1,725 86,706

CREDITORS
Amounts falling due within one year 6 677,307 97,439
NET CURRENT LIABILITIES (675,582 ) (10,733 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,794

400,404

PROVISIONS FOR LIABILITIES 28,361 28,372
NET ASSETS 384,433 372,032

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 384,429 372,028
SHAREHOLDERS' FUNDS 384,433 372,032

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

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

The director acknowledges his 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.

Abbeystead Projects (Design and
Build) Limited (Registered number: 01983608)

Balance Sheet - continued
30 August 2024


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

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

The financial statements were approved by the director and authorised for issue on 19 August 2025 and were signed by:





H McLarty - Director


Abbeystead Projects (Design and
Build) Limited (Registered number: 01983608)

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

1. STATUTORY INFORMATION

Abbeystead Projects (Design and Build) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Despite the net current liability position of the company it is still considered a going concern due to ongoing continued support from the director.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is derived from ordinary activities and is measured at the fair value of rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when rent is received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 5% on reducing balance

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.

Financial instruments
Directors loans and intercompany loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Abbeystead Projects (Design and
Build) Limited (Registered number: 01983608)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 August 2023 2,959
Additions 200
At 30 August 2024 3,159
DEPRECIATION
At 31 August 2023 1,856
Charge for year 244
At 30 August 2024 2,100
NET BOOK VALUE
At 30 August 2024 1,059
At 30 August 2023 1,103

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 August 2023 410,034
Additions 677,283
At 30 August 2024 1,087,317
NET BOOK VALUE
At 30 August 2024 1,087,317
At 30 August 2023 410,034

Abbeystead Projects (Design and
Build) Limited (Registered number: 01983608)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 30.8.23
£    £   
Amounts owed to participating interests 5,271 4,486
Taxation and social security 4,985 2,538
Other creditors 667,051 90,415
677,307 97,439

7. RELATED PARTY DISCLOSURES

Included in creditors is £5,271 (2023: £4,486) due to Abbeystead Group Limited, the parent of Abbeystead Projects (Design & Build) Ltd. The loan is interest free and repayable on demand.