Company No: 10814656 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	260,000		260,000
Investment property	4	1,450,000		1,545,000
		1,710,000		1,805,000
Current assets
Debtors	5	149,062		125,531
Cash at bank and in hand		8,874		253,599
		157,936		379,130
Creditors: amounts falling due within one year	6	( 439,168)		( 696,592)
Net current liabilities		(281,232)		(317,462)
Total assets less current liabilities		1,428,768		1,487,538
Creditors: amounts falling due after more than one year	7	( 724,188)		( 834,522)
Provision for liabilities	8	( 144,151)		( 140,507)
Net assets		560,429		512,509
Capital and reserves
Called-up share capital	9	100		100
Revaluation reserve		38,761		55,080
Profit and loss account	11	521,568		457,329
Total shareholder's funds		560,429		512,509

For the financial 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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of William Abbott Holdings Ltd (registered number: 10814656) were approved and authorised for issue by the Director on 23 December 2025. They were signed on its behalf by:

Mr L W Abbott Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

William Abbott Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit O5 Westpark, Chelston, Wellington, TA21 9SF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Not withstanding the net current liabilities position of £281,232 as at 31 March 2025 (2024: £317,462), the director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements, and has agreed to support the company where required. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land and buildings, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	40 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Properties are held at fair value at the date of valuation less subsequent depreciation and impairment.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a gain reverses a previously recognised loss, or a loss exceeds the accumulated gains in equity.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date derived from the current market prices for comparable real estate. The value is based on an observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit or loss. Deferred taxation is provided where there are gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 April 2024	260,000		260,000
Additions	34,801		34,801
Revaluations	( 27,639)		( 27,639)
At 31 March 2025	267,162		267,162
Accumulated depreciation
At 01 April 2024	0		0
Charge for the financial year	7,162		7,162
At 31 March 2025	7,162		7,162
Net book value
At 31 March 2025	260,000		260,000
At 31 March 2024	260,000		260,000

The land and buildings have been valued at the balance sheet date by the director on an open market basis. There has been no valuation by an independent valuer.

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,545,000
Fair value movement	100,000
Disposals	(195,000)
As at 31 March 2025	1,450,000

The investment property was valued by an independent valuer on 20 November 2024 and the director is satisfied that this valuation remains appropriate at the balance sheet date.

5. Debtors

	2025		2024
	£		£
Trade debtors	850		8,705
Amounts owed by related parties	77,553		0
Prepayments	14,741		9,003
VAT recoverable	5,078		37,000
Other debtors	50,840		70,823
	149,062		125,531

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	6,000		6,000
Trade creditors	17,087		265,713
Amounts owed to director	386,603		407,800
Accruals and deferred income	7,370		5,149
Corporation tax	14,358		11,930
Other creditors	7,750		0
	439,168		696,592

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	1,000		7,000
Other loans	723,188		827,522
	724,188		834,522

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Other loans	723,188		827,522

At 31 March 2025 Interbay Funding Limited had security over other borrowings of £723,188 (2024: £723,188) as a debenture incorporating a legal mortgage charge over the freehold property situated at 31-33 St John Street, Bridgwater, TA6 5HR.

The director has also provided a personal guarantee to the lender in respect of the company's obligations under this agreement.

At 31 March 2025 Lendinvest BTL Limited had security over other borrowings of £nil (2024: £104,334) as a debenture incorporating a legal mortgage charge over the freehold property situated at 1 Eastbourne Gate, Taunton, TA1 1SZ.

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 140,507)		( 75,507)
Charged to the Profit and Loss Account	( 14,964)		( 46,640)
Credited/(charged) to the Statement of Comprehensive Income	11,320		( 18,360)
At the end of financial year	( 144,151)		( 140,507)

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

10. Related party transactions

Other related party transactions

Included within amounts owed by related parties is an amount of £77,553 owed by William Abbott Developments Ltd - a company related by way of its director, Mr L W Abbott.

Included within trade creditors is an amount of £15,230 (2024: £45,482) owed to William Abbott Developments Ltd - a company related by way of its director, Mr L W Abbott.

11. Reserves

Reserves

As at 31 March 2025, the profit and loss account included £393,812 (2024: £359,882) of non-distributable reserves. This relates to the revaluation surplus on the investment properties.