REGISTERED NUMBER: 00164871 (England and Wales)

ABBEY LINE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 4 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D F Jones

A W Jones

N P Jones

SECRETARY:

A W Jones

REGISTERED OFFICE:

Elfed House

Oak Tree Court, Mulberry Drive

Cardiff Gate Business Park

CARDIFF

CF23 8RS

REGISTERED NUMBER:

00164871 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Investments

4

7,442,430

8,137,711

CURRENT ASSETS

Debtors

5

100,684

110,907

Cash at bank

249,757

237,683

350,441

348,590

CREDITORS

Amounts falling due within one year

6

(5,900

)

(5,420

)

NET CURRENT ASSETS

344,541

343,170

TOTAL ASSETS LESS CURRENT LIABILITIES

7,786,971

8,480,881

PROVISIONS FOR LIABILITIES

(1,237,701

)

(1,228,605

)

NET ASSETS

6,549,270

7,252,276

CAPITAL AND RESERVES

Called up share capital

7

81,510

81,510

Revaluation reserve

8

3,914,412

4,668,791

Other reserves

2,161,094

2,117,329

Retained earnings

392,254

384,646

SHAREHOLDERS' FUNDS

6,549,270

7,252,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 4 April 2025 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

A W Jones - Director

1.	STATUTORY INFORMATION

Abbey Line 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 company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

There have been no departures from Financial Reporting Standard 102 1A.

Dividend income

Dividend income includes income from investments shown net of income tax and imputed credits and is included only to the extent that dividends have been received.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

Deferred tax

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

balance sheet 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

EMPLOYEE BENEFITS

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Investments

Investments are included at fair value. Gains are recognised in the profit and loss statement. Deferred tax is

provided on these gains at the rate expected to apply when the asset is sold. Listed investments are valued at the current bid price at the balance sheet date.

Basic financial instruments

Basic financial instruments are measured at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 5 April 2024

8,137,711

Additions

90,183

Disposals

(79,303

)

Revaluations

(706,161

)

At 4 April 2025

7,442,430

NET BOOK VALUE

At 4 April 2025

7,442,430

At 4 April 2024

8,137,711

Listed investments are valued at the current bid price at the balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

100,684

110,907

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accruals and deferred income

5,900

5,420

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

81,510

Ordinary

£1

81,510

81,510

8.

RESERVES

"Other reserves" represents the capital profits realised on the disposal of the company's fixed asset investments, in accordance with the company's Memorandum of Association which provides that all monies realised in excess of their book value at the time of sale should be carried to the credit of an undistributable reserve.

''Other reserves'' also includes the movement in the deferred taxation provision on the company's fixed asset investments. Deferred tax is calculated using an expected future tax rate of 25% (2023: 25%).