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Registered number: 04728931
CARFAX ABBEY PROPERTIES LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
Pennington Williams Limited
Chartered Certified Accountants
STANHOPE HOUSE
MARK RAKE
BROMBOROUGH
WIRRAL
CH62 2DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04728931
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 304 369
Investment Properties 5 1,080,000 960,000
1,080,304 960,369
CURRENT ASSETS
Debtors 6 56,159 48,709
Cash at bank and in hand 440 711
56,599 49,420
Creditors: Amounts Falling Due Within One Year 7 (48,575 ) (28,340 )
NET CURRENT ASSETS (LIABILITIES) 8,024 21,080
TOTAL ASSETS LESS CURRENT LIABILITIES 1,088,328 981,449
Creditors: Amounts Falling Due After More Than One Year 8 (920,282 ) (858,873 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (146,516 ) (116,516 )
NET ASSETS 21,530 6,060
CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves - 349,548
Profit and Loss Account 21,430 (343,588 )
SHAREHOLDERS' FUNDS 21,530 6,060
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs T Hughes
Director
23/12/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
CARFAX ABBEY PROPERTIES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04728931 . The registered office is Stanhope House, Mark Rake, Bromborough, Wirral, Merseyside, CH62 2DN .
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable,for the provision of services in the ordinary course of the company's activities.
Revenue recognition
Turnover consists of rental income and is recognised on a receivable basis, apportionment being made for payments in advance.
2.4. 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:
Motor Vehicles 25% nbv
Fixtures & Fittings 15% nbv
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Financial Instruments
Classification
Other debtors and other creditors are classified as financial instruments.
Recognition and measurement
Other debtors and other creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid.
Impairment
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment.  If objective evidence of impairment is found, an impairment loss is recognosed in the income statement. 
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2.7. 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.
2.8. Borrowings
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 2,550 26,689 6,421 35,660
As at 31 March 2025 2,550 26,689 6,421 35,660
Depreciation
As at 1 April 2024 2,550 26,585 6,156 35,291
Provided during the period - 26 39 65
As at 31 March 2025 2,550 26,611 6,195 35,356
Net Book Value
As at 31 March 2025 - 78 226 304
As at 1 April 2024 - 104 265 369
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 960,000
Revaluations 120,000
As at 31 March 2025 1,080,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 493,936 493,936
The investment properties were valued on an open market basis by the directors.
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 56,159 48,709
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 1,410 1,384
Other creditors 34,149 15,819
Taxation and social security 13,016 11,137
48,575 28,340
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 920,282 858,873
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 194,326 195,867
9. Secured Creditors
Of the creditors the following amounts are secured by a fixed and floating charge over the company and all the freehold property owned by the company:
2025 2024
£ £
Bank loans and overdrafts 913,207 860,258
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. 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 Rohan Hughes 18,286 16,864 (14,080 ) - 21,070
Mrs Trine Hughes 18,286 16,864 (14,080 ) - 21,070
The above loan is unsecured and repayable on demand. Interest has been charged at 2.25%.
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