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Registered number: 03060035
Able Estates Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Clayton Stirling & Co
Able Estates Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Able Estates Limited
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 03060035

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 40,426 |  | 17,108
Investments | 5 |  | 2 |  | 2
|  |  | 40,428 |  | 17,110
CURRENT ASSETS
Stocks | 6 | - |  | 493,132 |
Debtors | 7 | 47,288 |  | 28,945 |
Cash at bank and in hand |  | 518,404 |  | 52,040 |
|  | 565,692 |  | 574,117 |
Creditors: Amounts Falling Due Within One Year | 8 | (121,602 ) |  | (113,059 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 444,090 |  | 461,058
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 484,518 |  | 478,168
NET ASSETS |  |  | 484,518 |  | 478,168
CAPITAL AND RESERVES
Called up share capital |  |  | 100 |  | 100
Profit and Loss Account |  |  | 484,418 |  | 478,068
SHAREHOLDERS' FUNDS |  |  | 484,518 |  | 478,168

Page 1
Page 2
Able Estates Limited
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

P D Mitchell Director
20/08/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Able Estates Limited
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
Able Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03060035 . The registered office is 511 Abbey Road, Abbey Wood , London , SE2 9HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | over duration of the lease
Plant & Machinery | 20% straight line
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 10% straight line
Computer Equipment | 33.33% straight line

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Page 3
Page 4
Able Estates Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 14)
12 14
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 March 2024 | 18,345 | 17,444 | 13,200 | 15,863
Additions | 23,400 | 7,145 | - | 3,900
Disposals | (4,220 ) | (10,576 ) | - | (10,264 )
As at 28 February 2025 | 37,525 | 14,013 | 13,200 | 9,499
Depreciation
As at 1 March 2024 | 13,489 | 14,273 | 8,500 | 11,580
Provided during the period | 3,960 | 1,602 | 1,175 | 1,213
Disposals | (3,806 ) | (10,309 ) | - | (7,866 )
As at 28 February 2025 | 13,643 | 5,566 | 9,675 | 4,927
Net Book Value
As at 28 February 2025 | 23,882 | 8,447 | 3,525 | 4,572
As at 1 March 2024 | 4,856 | 3,171 | 4,700 | 4,283

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 March 2024 | 6,736 | 71,588
Additions | - | 34,445
Disposals | - | (25,060 )
As at 28 February 2025 | 6,736 | 80,973
Depreciation
As at 1 March 2024 | 6,638 | 54,480
Provided during the period | 98 | 8,048
Disposals | - | (21,981 )
As at 28 February 2025 | 6,736 | 40,547
Net Book Value
As at 28 February 2025 | - | 40,426
As at 1 March 2024 | 98 | 17,108

Page 4
Page 5
Able Estates Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
5. Investments

| Subsidiaries
--- | ---
| £
Cost
As at 1 March 2024 | 2
As at 28 February 2025 | 2
Provision
As at 1 March 2024 | -
As at 28 February 2025 | -
Net Book Value
As at 28 February 2025 | 2
As at 1 March 2024 | 2

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Work in progress | - |  | 493,132

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 33,627 |  | 25,896
Other debtors | 13,661 |  | 3,049
| 47,288 |  | 28,945

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 12,807 |  | 11,735
Other creditors | 9,453 |  | 38,074
Taxation and social security | 99,342 |  | 63,250
| 121,602 |  | 113,059

Page 5