Registered number
10598069
Abbott Walsingham Limited
Filleted Accounts
28 February 2025

Abbott Walsingham Limited
Registered number: | 10598069
Balance Sheet
as at 28 February 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 1,062 |  |  | 1,596
Current assets
Stocks |  |  | 330,000 |  |  | 310,000
Debtors | 4 |  | 191 |  |  | 181
Cash at bank and in hand |  |  | 415 |  |  | 1,514
|  |  | 330,606 |  |  | 311,695
Creditors: amounts falling due within one year | 5 |  | (300,710) |  |  | (295,165)
Net current assets |  |  |  | 29,896 |  |  | 16,530
Total assets less current liabilities |  |  |  | 30,958 |  |  | 18,126
Provisions for liabilities |  |  |  | (202) |  |  | -
Net assets |  |  |  | 30,756 |  |  | 18,126
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 30,656 |  |  | 18,026
Shareholders' funds |  |  |  | 30,756 |  |  | 18,126
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Walsingham
Director
Approved by the board on 15 November 2025

Abbott Walsingham Limited
Notes to the Accounts
for the year ended 28 February 2025
1 | Summary of significant accounting policies
| Basis of preparation
| The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small companies regime). The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover represents the amounts receivable from the sale of properties. Properties are treated as sold and profits are recognised when contract for the sales of property have reached legal completion.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Fixtures, fittings, tools and equipment | over 4 years
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Property in the course of development is valued at the lower of cost and net realisable value. Direct costs comprises the cost of land and buildings and associated costs, raw materials and development costs, but excludes indirect overheads. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans from directors who are also shareholders are measured at the transaction price and the exemption from measuring the loans using the amortised cost and effective method has been applied to the loans.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Fixtures, fittings, tools & equipment
£
| Cost
| At 1 March 2024 | 2,134
| At 28 February 2025 | 2,134
| Depreciation
| At 1 March 2024 | 538
| Charge for the year | 534
| At 28 February 2025 | 1,072
| Net book value
| At 28 February 2025 | 1,062
| At 29 February 2024 | 1,596
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 191 |  | 181
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Taxation and social security costs | 3,135 |  | 2,077
| Other creditors | 297,575 |  | 293,088
|  |  |  |  |  | 300,710 |  | 295,165
6 | Share Capital | Nominal | Number |  | 2025 |  | 2024
value |  | 2024 | £ | £
| Ordinary shares | £1 each |  | 100 |  | 100 |  | 100
7 | Related party transactions
| The directors have lent the company various funds as working capital to finance development properties. These loaned funds are repayable on demand. The directors have indicated that they will not be seeking repayment of the loans until such time as the company is in a position to do so. The amounts owed to one director, interest free, at the year end was £26,578 (2024 - £33,054).The amount owed to another director, at an interest rate of 4.7%, at the year end is £257,639 (2024- £258,835). Unpaid interest on this directors loan account at the year end is £12,150 (2024 £Nil).
8 | Other information
| Abbott Walsingham Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Greenwood Bracken Lane
| Storrington
| Pulborough
| West Sussex
| RH20 3HS

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