Abode Consultancy Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Abode Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08764666 . The registered office is 1 Charlecote Barns, Stratford Road, Warwick, CV35 9ES.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of surveyor services.

Rendering of services

Turnover from the rendering of services is recognised in the period the service is provided to the customer.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Motor Vehicles	20% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Abode Consultancy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.7. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	21,407	90,659	112,066
Additions	2,710	60,790	63,500
Disposals	-	(53,280 )	(53,280 )

As at 31 March 2025	24,117	98,169	122,286

Depreciation
As at 1 April 2024	15,759	29,320	45,079
Provided during the period	2,728	16,042	18,770
Disposals	-	(11,366 )	(11,366 )

As at 31 March 2025	18,487	33,996	52,483

Net Book Value
As at 31 March 2025	5,630	64,173	69,803

As at 1 April 2024	5,648	61,339	66,987

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	31,294	90,944
Amounts owed by group undertakings	71,107	162,281
Other debtors	12,118	4,607

	114,519	257,832

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Abode Consultancy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	28,485	18,613
Trade creditors	4,880	14,210
Bank loans and overdrafts	25,638	25,638
Other creditors	(5,339)	23,152
Taxation and social security	65,160	129,865

	118,824	211,478

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	45,434	41,263
Bank loans	13,467	39,104

	58,901	80,367

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	28,485	18,613
Later than one year and not later than five years	45,434	41,263

	73,919	59,876

	73,919	59,876

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Alan O'Reilly	(3,684 )	21,148	(7,252 )	-	10,212

The above loan is unsecured, interest free and repayable on demand.

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Abode Consultancy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Related Party Transactions

D Roche

The above is a related party by virtue of being a shareholder.

During the year, the related party incurred expenses on behalf of the company and drew against her account. At the balance sheet date, the related party owed to the company £9,991 (2024: £3 was owed). No interest was charged on this loan during the year.

A O'Reilly

The above is a related party by virtue of being the director.

During the year, the related party incurred expenses on behalf of the company and drew against his account. At the balance sheet date, the related party owed to the company £10,211 (2024: £3,684 was owed). No interest was charged on this loan during the year.

Optimum Real Estates Limited

The above is a related party by virtue of being the parent company.

During the period dividends were voted to the parent of £81,150 (2024:£123,000). At the balance sheet date the related party owed the company £37,655 (2024: £127,070). No interest has been charged on this loan during the period.

William James Property Limited

The above is a related party by virtue of being a subsidiary of the group.

At the balance sheet date, the related party owed the company £33,452 (2024: £35,211). No interest was charged on this loan during the year.

12. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Optimum Real Estate Limited .

The ultimate controlling party is Alan O'Reilly who owns the majority of the shares of Optimum Real Estate Limited.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		69,803		66,987

			69,803		66,987
CURRENT ASSETS
Debtors	5	114,519		257,832
Cash at bank and in hand		8,590		44,737

		123,109		302,569
Creditors: Amounts Falling Due Within One Year	6	(118,824 )		(211,478 )

NET CURRENT ASSETS (LIABILITIES)			4,285		91,091

TOTAL ASSETS LESS CURRENT LIABILITIES			74,088		158,078

Creditors: Amounts Falling Due After More Than One Year	7		(58,901 )		(80,367 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,451 )		(16,747 )

NET (LIABILITIES)/ASSETS			(2,264 )		60,964

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(2,364 )		60,864

SHAREHOLDERS' FUNDS			(2,264)		60,964