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Registered number: 11710706
ATAB Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Welwyn Consultancy Limited
10 Prospect Place
Welwyn
Hertfordshire
AL6 9EW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11710706
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,094,033 1,118,444
1,094,033 1,118,444
CURRENT ASSETS
Stocks 5 297,725 297,725
Debtors 6 - 5,479
Cash at bank and in hand 1,972 3,678
299,697 306,882
Creditors: Amounts Falling Due Within One Year 7 (1,157,173 ) (1,138,823 )
NET CURRENT ASSETS (LIABILITIES) (857,476 ) (831,941 )
TOTAL ASSETS LESS CURRENT LIABILITIES 236,557 286,503
NET ASSETS 236,557 286,503
CAPITAL AND RESERVES
Called up share capital 8 100,100 100,100
Share premium account 242,100 242,100
Profit and Loss Account (105,643 ) (55,697 )
SHAREHOLDERS' FUNDS 236,557 286,503
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Adrian Bagnall
Director
26/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ATAB Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11710706 . The registered office is 55 Alexander Road, London Colney, Hertfordshire, AL2 1HS.
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 2% on cost
Plant & Machinery 25% of net book value
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2024 1,180,000 6,592 1,186,592
As at 31 December 2024 1,180,000 6,592 1,186,592
Depreciation
As at 1 January 2024 64,800 3,348 68,148
Provided during the period 23,600 811 24,411
As at 31 December 2024 88,400 4,159 92,559
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 1,091,600 2,433 1,094,033
As at 1 January 2024 1,115,200 3,244 1,118,444
5. Stocks
2024 2023
£ £
Work in progress 297,725 297,725
6. Debtors
2024 2023
£ £
Due within one year
ABMT Limited - 5,479
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 237,053 237,053
T & A Simplicity Ltd 44,440 63,940
ABMT Ltd 5,875 -
Sundry creditors - 2,435
Accruals and deferred income 5,300 4,400
Director's loan account 864,505 830,994
1,157,173 1,138,823
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,100 100,100
Page 4