J. Abbott Limited - Filleted accounts

Registered number

13900097

J. Abbott Limited

Unaudited Filleted Accounts

31 December 2024

J. Abbott Limited
Registered number:		13900097
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Investments	3		400,000			400,000

Current assets
Debtors	4	3,760			346
Cash at bank and in hand		6,320			1,145
		10,080			1,491

Creditors: amounts falling due within one year	5	(236,629)			(227,971)

Net current liabilities			(226,549)			(226,480)

Total assets less current liabilities			173,451			173,520

Creditors: amounts falling due after more than one year	6		(141,398)			(141,403)

Provisions for liabilities			(4,331)			(5,702)


Net assets			27,722			26,415

Capital and reserves
Called up share capital			3			3
Profit and loss account			27,719			26,412

Shareholders' funds			27,722			26,415

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr J Abbott
Director
Approved by the board on 17 September 2025

J. Abbott Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency and are rounded to the nearest £.

	Turnover
	The company has no turnover as its income is derived from rental income and property management charges receivable during the year.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors and creditors receivable/ payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					3		3


3	Investments

Other
investments
£
	Fair value
	At 1 January 2024							400,000
	Additions							7,212
	Revaluation							(7,212)

	At 31 December 2024							400,000

	Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The company's investment properties were valued by the company's director, Mr J Abbott, on the basis of their fair value for existing use.


4	Debtors					2024		2023
£							£

	Other debtors					3,760		346


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					-		103
	Taxation and social security costs					2,381		494
	Other creditors					234,248		227,374
						236,629		227,971


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					141,398		141,403


7	Loans					2024		2023
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					141,398		141,403


	Secured bank loans					141,398		141,403

	The bank loan is secured over the investment property to which they relate.


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Director
	Interest free, repayable on demand	(928)		6,741		(2,261)		3,552

		(928)		6,741		(2,261)		3,552


9	Other information

	J. Abbott Limited is a private company limited by shares and incorporated in England. Its registered office is:

	Jubilee Farm
	Greenway Lane
	Dawlish
	Devon
	EX7 0PZ