REGISTERED NUMBER: 02214297 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

ABORA PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Smith

C A W Smith

REGISTERED OFFICE:

6b Calpe Yard

St. Thomas Street

Winchester

Hampshire

SO23 9HE

REGISTERED NUMBER:

02214297 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Investments

4

683,629

683,629

Investment property

5

2,070,000

2,070,000

2,753,629

2,753,629

CURRENT ASSETS

Debtors

6

11,165

11,211

Cash at bank

1,493

2,187

12,658

13,398

CREDITORS

Amounts falling due within one year

7

11,748

12,140

NET CURRENT ASSETS

910

1,258

TOTAL ASSETS LESS CURRENT LIABILITIES

2,754,539

2,754,887

CREDITORS

Amounts falling due after more than one year

8

(1,197,697

)

(1,205,697

)

PROVISIONS FOR LIABILITIES

(232,571

)

(232,571

)

NET ASSETS

1,324,271

1,316,619

CAPITAL AND RESERVES

Called up share capital

2

2

Unrealised reserves

697,712

697,712

Retained earnings

626,557

618,905

SHAREHOLDERS' FUNDS

1,324,271

1,316,619

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2025 and were signed on its behalf by:

C A W Smith - Director

1.	STATUTORY INFORMATION

Abora 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.

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.

Turnover

Turnover represents rental income receivable from investment properties and is recognised on a straight-line basis over the lease term and measured at the fair value of consideration receivable, excluding value added tax.

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 NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2024

and 31st March 2025

683,629

NET BOOK VALUE

At 31st March 2025

683,629

At 31st March 2024

683,629

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

2,070,000

NET BOOK VALUE

At 31st March 2025

2,070,000

At 31st March 2024

2,070,000

The company confirm that the properties owned are investment properties. Andrew Smith, a Director and qualified Surveyor and Valuer has undertaken an open market valuation of these properties as of 31 March 2025. The valuation of these properties is £2,070,000. The difference between this figure and the original cost of £1,139,717 has been taken to unrealised reserves, net of deferred tax.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

11,165

11,211

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,846

3,000

Trade creditors

207

1,243

Taxation and social security

585

-

Other creditors

7,110

7,897

11,748

12,140

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,151,250

1,154,250

Other creditors

46,447

51,447

1,197,697

1,205,697

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,154,250

1,157,250

Loans are secured by way of fixed and floating charges over the company's assets.