REGISTERED NUMBER: 09463974 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 March 2025

for

ABBYWELL PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R E Johnson

REGISTERED OFFICE:

45 High Street

Bluetown

Sheerness

Kent

ME12 1RN

REGISTERED NUMBER:

09463974 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

5

409

-

Investments

6

150

150

Investment property

7

1,560,000

1,560,000

1,560,559

1,560,150

CURRENT ASSETS

Debtors

8

229,871

205,022

Cash at bank

8,321

15,362

238,192

220,384

CREDITORS

Amounts falling due within one year

9

14,233

13,191

NET CURRENT ASSETS

223,959

207,193

TOTAL ASSETS LESS CURRENT LIABILITIES

1,784,518

1,767,343

CREDITORS

Amounts falling due after more than one year

10

(1,126,090

)

(1,100,950

)

PROVISIONS FOR LIABILITIES

(136,198

)

(137,264

)

NET ASSETS

522,230

529,129

CAPITAL AND RESERVES

Called up share capital

10

10

Non distributable reserve

12

427,346

427,346

Retained earnings

12

94,874

101,773

SHAREHOLDERS' FUNDS

522,230

529,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2025 and were signed by:

R E Johnson - Director

1.	STATUTORY INFORMATION

Abbywell Properties 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.	STATEMENT OF COMPLIANCE

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 Section 1A, and the Companies Act 2006. There are no material departures from FRS 102.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going concern

No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as following:

- Rents receivable

Turnover represents rents receivable.

- Rendering of services

Turnover is usually recognised based on the period of occupancy of each property,

- Interest receivable

Interest income is recognised using the effective interest method.

Tangible fixed assets

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

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.

Investment property is included at fair value. Valuations are carried out annually by the directors based on:

- how the market could be expected to price the asset

- measuring the risk return factors inherent in the asset

Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

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 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

817

At 30 March 2025

817

DEPRECIATION

Charge for year

408

At 30 March 2025

408

NET BOOK VALUE

At 30 March 2025

409

6.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 31 March 2024

and 30 March 2025

150

NET BOOK VALUE

At 30 March 2025

150

At 30 March 2024

150

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

and 30 March 2025

1,560,000

NET BOOK VALUE

At 30 March 2025

1,560,000

At 30 March 2024

1,560,000

The property valuation has been reviewed by the director at £1,560,000 (2024- £1,560,000). The historic cost of the properties are £995,390.

Fair value at 30 March 2025 is represented by:

£

Valuation in 2025

1,560,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

229,871

205,022

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,265

6,062

Taxation and social security

6,397

4,007

Other creditors

3,571

3,122

14,233

13,191

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,117,556

1,098,644

Other creditors

8,534

2,306

1,126,090

1,100,950

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,104,056

650,366

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,121,821

1,029,412

The bank loans are secured by way of a fixed and floating charge over the investment properties or undertaking of the company.

12.

RESERVES

Non

Retained

distributable

earnings

reserve

Totals

£

£

£

At 31 March 2024

101,773

427,346

529,119

Deficit for the year

(6,899

)

-

(6,899

)

At 30 March 2025

94,874

427,346

522,220

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 March 2025 and the period ended 30 March 2024:

2025

2024

£

£

R E Johnson

Balance outstanding at start of year

60,661

94,496

Amounts advanced

65,073

80,201

Amounts repaid

(31,523

)

(114,036

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

94,211

60,661

The loan from the company to the director is unsecured and repayable on demand. Interest has been charged at the HMRC beneficial loan rate of 2.25% for the period that the outstanding loan exceeded £10,000.

14.	RELATED PARTY DISCLOSURES

The balance owed to Abbywell Properties Limited from Deli Verd Limited, a company in which the director, Mr R Johnson, is a director of, at the year end was £96,235 (2024 - £68,330, owed from Abbywell to Deli Verd).

The balance owed from Robian Properties Limited, a company in which the director, Mr R Johnson, is a director was £31,109 (2024 - £73.630). The loan is interest free and repayable on demand.