REGISTERED NUMBER: 14640896 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Able 79 Properties Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G P Cooke

Mrs M Cooke

G W Woodward

Mrs M Woodward

REGISTERED OFFICE:

Able Engineering

Cadley Hill Road

Swadlincote

Derby

Derbyshire

DE11 9DJ

REGISTERED NUMBER:

14640896 (England and Wales)

ACCOUNTANTS:

Bourne & Co

Chartered Accountants

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

FIXED ASSETS

Tangible assets

4

20,993

26,625

Investments

5

8,500

9,250

Investment property

6

958,275

958,275

987,768

994,150

CURRENT ASSETS

Debtors

619,763

765,410

Cash at bank

971,749

738,761

1,591,512

1,504,171

CREDITORS

Amounts falling due within one year

629,494

743,727

NET CURRENT ASSETS

962,018

760,444

TOTAL ASSETS LESS CURRENT LIABILITIES

1,949,786

1,754,594

PROVISIONS FOR LIABILITIES

5,248

6,656

NET ASSETS

1,944,538

1,747,938

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

9,900

9,900

Retained earnings

1,934,538

1,737,938

1,944,538

1,747,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 November 2025 and were signed on its behalf by:

G W Woodward - Director

1.	STATUTORY INFORMATION

Able 79 Properties Ltd 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Able 79 Properties Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 29 February 2024

35,500

Additions

1,170

At 28 February 2025

36,670

DEPRECIATION

At 29 February 2024

8,875

Charge for year

6,802

At 28 February 2025

15,677

NET BOOK VALUE

At 28 February 2025

20,993

At 28 February 2024

26,625

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 29 February 2024

9,250

Disposals

(750

)

At 28 February 2025

8,500

NET BOOK VALUE

At 28 February 2025

8,500

At 28 February 2024

9,250

The fixed asset investments relate to shares held in a group company and are included at Par. Note during the year some of the shares were disposed of to a third party.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2024

and 28 February 2025

958,275

NET BOOK VALUE

At 28 February 2025

958,275

At 28 February 2024

958,275

The investment property value included in the accounts is deemed by the Directors to be reflective of the current market value of the property.