Company registration number 01861332 (England and Wales)
ABBEYDALE (ILKLEY) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ABBEYDALE (ILKLEY) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
The following pages do not form part of the statutory financial statements
ABBEYDALE (ILKLEY) LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,232,124
1,207,936
Current assets
Stocks
2,715
2,715
Debtors
4
973,975
976,948
Cash at bank and in hand
430,097
292,197
1,406,787
1,271,860
Creditors: amounts falling due within one year
5
(436,797)
(433,391)
Net current assets
969,990
838,469
Total assets less current liabilities
2,202,114
2,046,405
Provisions for liabilities
(33,352)
(31,601)
Net assets
2,168,762
2,014,804
Capital and reserves
Called up share capital
6
2,002
2,002
Profit and loss reserves
2,166,760
2,012,802
Total equity
2,168,762
2,014,804

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 22 October 2025 and are signed on its behalf by:
Mr R Dey
Director
Company registration number 01861332 (England and Wales)
ABBEYDALE (ILKLEY) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Abbeydale (Ilkley) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Abbeydale House, Grove Road, Ilkley, West Yorkshire, LS29 9QE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business,

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
See below
Fixtures and fittings
20% reducing balance
Office equipment
20% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

No depreciation is provided in respect of the freehold property.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ABBEYDALE (ILKLEY) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

ABBEYDALE (ILKLEY) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
44
47
ABBEYDALE (ILKLEY) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Office equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
1,068,264
346,626
53,321
105,350
1,573,561
Additions
-
0
48,506
-
0
29,394
77,900
Disposals
-
0
-
0
-
0
(6,000)
(6,000)
At 31 March 2025
1,068,264
395,132
53,321
128,744
1,645,461
Depreciation and impairment
At 1 April 2024
-
0
255,505
44,609
65,511
365,625
Depreciation charged in the year
-
0
34,907
2,178
15,263
52,348
Eliminated in respect of disposals
-
0
-
0
-
0
(4,636)
(4,636)
At 31 March 2025
-
0
290,412
46,787
76,138
413,337
Carrying amount
At 31 March 2025
1,068,264
104,720
6,534
52,606
1,232,124
At 31 March 2024
1,068,264
91,121
8,712
39,839
1,207,936

The freehold property is maintained to a high standard and all repair and maintenance costs are written off as incurred. The directors consider that any depreciation charge to reflect the cost of the use of the property would be immaterial and consequently no charge has been included in the accounts.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
236,544
180,970
Other debtors
707,906
765,814
Prepayments and accrued income
29,525
30,164
973,975
976,948
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
44,445
48,837
Corporation tax
150,852
145,495
Other taxation and social security
14,920
17,523
Other creditors
13,963
13,669
Accruals and deferred income
212,617
207,867
436,797
433,391
ABBEYDALE (ILKLEY) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,020
1,020
2,002
1,020
A ordindary shares of £1 each
980
980
-
0
980
B ordinary shares of £1 each
1
1
-
0
1
C ordinary shares of £1 each
1
1
-
0
1
2,002
2,002
2,002
2,002

The various classes of share in issue rank pari passu in all material respects.

7
Related party transactions

Included in debtors are loans to the directors of £9,712 (2024: £60,938). These loans are unsecured, repayment and demand and include interest at 2.25% per annum.

Included in debtors is a loan owed by Abbeydale Majorca Limited of £475,770 (2024: £469,206), a company controlled by Mr R B Dey and Mrs C E Dey. This loan is unsecured, repayable on demand and currently interest free.

Included in debtors is a loan owed by Abbeydale Properties (Ilkley) Limited of £213,408 (2024: £223,378), a company controlled by Mr R B Dey and Mrs C E Dey. This loan is unsecured, repayable on demand and currently interest free.

Included in other debtors is a loan owed by Belle Vue (Ilkley) Management Company Limited of £8,149 (2024: £8,718), a company a company with common directors. This loan is unsecured, repayable on demand and currently interest free.

8
Controlling party

There is no one controlling party of the company.

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