Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Michel Roger Maurer 22/05/1997 19 August 2025 The principal activity of the Company during the financial year was rental of a property. 03371699 2024-12-31 03371699 bus:Director1 2024-12-31 03371699 2023-12-31 03371699 core:CurrentFinancialInstruments 2024-12-31 03371699 core:CurrentFinancialInstruments 2023-12-31 03371699 core:Non-currentFinancialInstruments 2024-12-31 03371699 core:Non-currentFinancialInstruments 2023-12-31 03371699 core:ShareCapital 2024-12-31 03371699 core:ShareCapital 2023-12-31 03371699 core:RetainedEarningsAccumulatedLosses 2024-12-31 03371699 core:RetainedEarningsAccumulatedLosses 2023-12-31 03371699 core:InvestmentPropertyIncludedWithinPPE 2023-12-31 03371699 core:InvestmentPropertyIncludedWithinPPE 2024-12-31 03371699 2024-01-01 2024-12-31 03371699 bus:FilletedAccounts 2024-01-01 2024-12-31 03371699 bus:SmallEntities 2024-01-01 2024-12-31 03371699 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03371699 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03371699 bus:Director1 2024-01-01 2024-12-31 03371699 2023-01-01 2023-12-31 03371699 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 03371699 (England and Wales)

ABOGEAR LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

ABOGEAR LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ABOGEAR LIMITED

BALANCE SHEET

As at 31 December 2024
ABOGEAR LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,071,391 2,071,391
2,071,391 2,071,391
Current assets
Debtors 4 123,213 30,924
Cash at bank and in hand 129,861 236,145
253,074 267,069
Creditors: amounts falling due within one year 5 ( 2,026,669) ( 1,692,666)
Net current liabilities (1,773,595) (1,425,597)
Total assets less current liabilities 297,796 645,794
Creditors: amounts falling due after more than one year 6 ( 194,947) ( 16,513)
Net assets 102,849 629,281
Capital and reserves
Called-up share capital 100 100
Profit and loss account 102,749 629,181
Total shareholders' funds 102,849 629,281

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Abogear Limited (registered number: 03371699) were approved and authorised for issue by the Director on 19 August 2025. They were signed on its behalf by:

Michel Roger Maurer
Director
ABOGEAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ABOGEAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Abogear Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Nuffield Road Nuffield Industrial Estate, Poole, BH17 0RB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Income from fixed assets investments consists of rental income excluding value added tax. Rental income is accounted for in the period in which it relates.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Investment property Total
£ £
Cost
At 01 January 2024 2,071,391 2,071,391
At 31 December 2024 2,071,391 2,071,391
Accumulated depreciation
At 01 January 2024 0 0
At 31 December 2024 0 0
Net book value
At 31 December 2024 2,071,391 2,071,391
At 31 December 2023 2,071,391 2,071,391

4. Debtors

2024 2023
£ £
Trade debtors 113,718 30,924
Other debtors 9,495 0
123,213 30,924

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 34,667 0
Trade creditors 847,389 652,520
Other taxation and social security 30,273 1,812
Other creditors 1,114,340 1,038,334
2,026,669 1,692,666

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 194,947 0
Other creditors 0 16,513
194,947 16,513

There are no amounts included above in respect of which any security has been given by the small entity.

7. Related party transactions

Sales and Management fees are to companies controlled by Mr M Maurer, a director of the company.