REGISTERED NUMBER: 01902086 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

ABBEY MILLS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G Smith

J A Smith

SECRETARY:

J A Smith

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

BUSINESS ADDRESS:

Barn Tyning

Bowcott

Old London Road

Wotton Under Edge

Gloucestershire

GL12 7PT

REGISTERED NUMBER:

01902086 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Tangible assets

4

262

327

Investment property

5

700,000

1,000,000

700,262

1,000,327

CURRENT ASSETS

Debtors

6

1,984

8,151

Cash at bank

152,824

252,780

154,808

260,931

CREDITORS

Amounts falling due within one year

7

5,914

38,887

NET CURRENT ASSETS

148,894

222,044

TOTAL ASSETS LESS CURRENT LIABILITIES

849,156

1,222,371

PROVISIONS FOR LIABILITIES

56,373

172,360

NET ASSETS

792,783

1,050,011

CAPITAL AND RESERVES

Called up share capital

9,751

9,751

Share premium

6,250

6,250

Retained earnings

776,782

1,034,010

SHAREHOLDERS' FUNDS

792,783

1,050,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

S G Smith - Director

J A Smith - Director

1.	STATUTORY INFORMATION

Abbey Mills 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced rentals during the period under review, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment properties are shown at their open market value. The surplus or deficit arising from the revaluation is transferred to other comprehensive income as required by FRS 102 Section 1A.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 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.

Going concern

The directors of the business are currently in negotiations to sell the investment property of the business. No legal commitments have currently been entered into and should a sale not progress, the directors are of the opinion that there are enough reserves to support the business for at least 12 months. Based on the above, the accounts have been prepared on a going concern basis.

Provisons

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 August 2024

and 31 July 2025

23,696

DEPRECIATION

At 1 August 2024

23,369

Charge for year

65

At 31 July 2025

23,434

NET BOOK VALUE

At 31 July 2025

262

At 31 July 2024

327

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

1,000,000

Revaluations

(300,000

)

At 31 July 2025

700,000

NET BOOK VALUE

At 31 July 2025

700,000

At 31 July 2024

1,000,000

Fair value at 31 July 2025 is represented by:

£

Valuation in 2010

1,260,000

Valuation in 2018

(645,000

)

Valuation in 2022

385,000

Valuation in 2025

(300,000

)

700,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

833

4,552

Prepayments and accrued income

1,151

3,599

1,984

8,151

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

852

Corporation Tax

-

24,744

VAT

97

6,737

Directors' loan accounts

467

503

Accruals & Deferred Income

5,350

6,051

5,914

38,887

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

S G Smith and J A Smith

Balance outstanding at start of year

(503

)

(1,391

)

Amounts advanced

36

8,695

Amounts repaid

-

(7,807

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(467

)

(503

)

No interest is being charged on the loan account and there are no set repayment terms.

9.

CHARGES

On 14 February 1994, Midland Bank PLC registered a fixed charge over the goodwill and uncalled capital of the business.

On 11 June 1993, Midland Bank PLC registered a legal charge over the undertaking of the business.

On 9 May 1985, Midland Bank PLC registered a fixed and floating charge over the business undertaking and all property and asses present and future.