The Abbey Group Cambridgeshire Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02197844 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Abbey Group Cambridgeshire Limited

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

8

Directors:

M Hildred

Ms T Salisbury

D C Sutton

Registered office:

1 Oak Court, Willow Road

The Lakes Business Park

Fenstanton

Huntingdon

Cambridgeshire

PE28 9RE

Registered number:

02197844 (England and Wales)

Accountants:

Moore Thompson

27 Market Place

Market Deeping

Peterborough

Cambridgeshire

PE6 8EA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Abbey Group Cambridgeshire Limited for the year ended 31 December 2024 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Abbey Group Cambridgeshire Limited, as a body, in accordance with the terms of our engagement letter dated 15 May 2025. Our work has been undertaken solely to prepare for your approval the financial statements of The Abbey Group Cambridgeshire Limited and state those matters that we have agreed to state to the Board of Directors of The Abbey Group Cambridgeshire Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Abbey Group Cambridgeshire Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Abbey Group Cambridgeshire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Abbey Group Cambridgeshire Limited. You consider that The Abbey Group Cambridgeshire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Abbey Group Cambridgeshire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

27 Market Place

Market Deeping

Peterborough

Cambridgeshire

PE6 8EA

29 August 2025

Fixed assets

Tangible assets

5

1,036,275

1,065,086

Investments

6

1,294,205

1,304,144

Investment property

7

1,444,422

-

3,774,902

2,369,230

Current assets

Stocks

145,952

2,030,199

Debtors

8

12,632,624

10,241,739

Cash at bank and in hand

54,419

70,078

12,832,995

12,342,016

Creditors

Amounts falling due within one year

9

5,736,617

4,855,574

Net current assets

7,096,378

7,486,442

Total assets less current liabilities

10,871,280

9,855,672

Creditors

Amounts falling due after more than one
year

10

-

(21,610

)

Provisions for liabilities

(2,486,119

)

-

Net assets

8,385,161

9,834,062

Capital and reserves

Called up share capital

12

11,200

Retained earnings

8,373,961

9,822,862

Shareholders' funds

8,385,161

9,834,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:

D C Sutton - Director

1.	Statutory information

The Abbey Group Cambridgeshire Limited is a private company, limited by shares , registered in England and Wales. 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buidlings - 50 years straight line (excluding land)

Plant and machinery - 5%-20% straight line

Fixtures and fittings - 10%-20% straight line

Motor vehicles - 33% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	Employees and directors

The average number of employees during the year was 12 (2023 - 16 ) .

5.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

Cost

At 1 January 2024

1,067,250

162,208

1,229,458

Additions

-

7,215

At 31 December 2024

1,067,250

169,423

1,236,673

Depreciation

At 1 January 2024

81,384

82,988

164,372

Charge for year

10,951

25,075

36,026

At 31 December 2024

92,335

108,063

200,398

Net book value

At 31 December 2024

974,915

61,360

1,036,275

At 31 December 2023

985,866

79,220

1,065,086

6.	Fixed asset investments

Shares in

group

Other

undertakings

investments

Totals

£

Cost or valuation

At 1 January 2024

1,288,181

15,963

1,304,144

Additions

586

-

586

Disposals

(10,000

)

-

(10,000

)

Revaluations

-

(525

)

(525

)

At 31 December 2024

1,278,767

15,438

1,294,205

Net book value

At 31 December 2024

1,278,767

15,438

1,294,205

At 31 December 2023

1,288,181

15,963

1,304,144

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

Valuation in 2024

-

(525

)

(525

)

Cost

1,278,767

15,963

1,294,730

1,278,767

15,438

1,294,205

7.	Investment property

Total

£

Fair value

Additions

1,444,422

At 31 December 2024

1,444,422

Net book value

At 31 December 2024

1,444,422

Investment property comprises various commercial and residential properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2024 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Investment properties have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

8.

Debtors: amounts falling due within one year

2024

2023

£

Trade debtors

697

135,913

Amounts owed by group undertakings

12,485,311

9,955,230

Amounts owed by participating interests

-

4,375

Other debtors

146,616

146,221

12,632,624

10,241,739

9.

Creditors: amounts falling due within one year

2024

2023

£

Hire purchase contracts

-

8,582

Trade creditors

87,613

93,658

Amounts owed to group undertakings

4,432,849

3,407,542

Taxation and social security

17,881

19,270

Other creditors

1,198,274

1,326,522

5,736,617

4,855,574

10.

Creditors: amounts falling due after more than one year

2024

2023

£

Hire purchase contracts

-

21,610

11.	Secured debts

A fixed charge has been registered over the company’s assets in favour of Barclays Bank PLC, in respect of loan facilities provided to a fellow group company, Abbey Real Estate Cambridgeshire Ltd.

The company is not the borrower under this arrangement but has granted the charge as part of group financing arrangements. No liability has been recognised in these financial statements as the company has not drawn down on the facility.

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

6,200

A Ordinary shares

1

6,200

5,000

B Ordinary shares

1

5,000

11,200

13.	Related party disclosures

As at 31 December 2024, The Abbey Group Cambridgeshire Ltd was owed an amount totalling

£8,052,462 (2023: £6,552,063) from group undertakings.