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Registration number: 10100771

Abdon Holdings Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 5 April 2025

Abdon Holdings Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Abdon Holdings Limited

Company Information

Director | Mr S J J Wedgwood

Company secretary | Mr P Wilson

Registered office | 18 Princelet Street London England E1 6QH

Accountants | Young & Co St Ethelbert House Ryelands Street Hereford Herefordshire HR4 0LA

Abdon Holdings Limited

(Registration number: 10100771)
Balance Sheet as at 5 April 2025

| Note | 2025 £ | 2024 £
Investments | 4 | 1,224,446 | 822,994
Other financial assets | 5 | 105,000 | 105,000
|  | 1,329,446 | 927,994
Current assets |  |  |
Debtors | 6 | 381,723 | 103,348
Cash at bank and in hand |  | 4,511 | 55
|  | 386,234 | 103,403
Creditors: Amounts falling due within one year | 7 | (645,085) | (279,787)
Net current liabilities |  | (258,851) | (176,384)
Net assets |  | 1,070,595 | 751,610
Capital and reserves |  |  |
Called up share capital | 8 | 400,002 | 400,002
Retained earnings |  | 670,593 | 351,608
Shareholders' funds |  | 1,070,595 | 751,610

For the financial year ending 5 April 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Abdon Holdings Limited

(Registration number: 10100771)
Balance Sheet as at 5 April 2025
(continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 January 2026

......................................... Mr S J J Wedgwood Director

Abdon Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
18 Princelet Street
London
E1 6QH
England

These financial statements were authorised for issue by the director on 5 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Abdon Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025
(continued)

2 | Accounting policies (continued)

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all 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. 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 substantially enacted by the end of the reporting period.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Abdon Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025
(continued)

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 400,102 | 400,102
Investments in associates | 824,344 | 422,892
| 1,224,446 | 822,994

Subsidiaries | £
Cost or valuation
At 6 April 2024 | 400,102
Provision
Carrying amount
At 5 April 2025 | 400,102
At 5 April 2024 | 400,102

Associates | £
Cost
At 6 April 2024 | 422,892
Additions | 431,127
Disposals | (29,675)
At 5 April 2025 | 824,344

Abdon Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025
(continued)

4 | Investments (continued)

Associates | £
Provision
Carrying amount
At 5 April 2025 | 824,344
At 5 April 2024 | 422,892

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Spitalfields Estate Company Limited | 18 Princelet Street London E1 6QH England | Ordinary | 100% | 100%
Abdon Properties Limited | 18 Princelet Street London E1 6QH England | Ordinary | 100% | 100%

Abdon Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025
(continued)

4 | Investments (continued)

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
Associates
Potters Lane LLP | 18 Princelet Street London | Capital account | 25% | 25%
| E1 6QH |  |  |

Subsidiary undertakings
Spitalfields Estate Company Limited The principal activity of Spitalfields Estate Company Limited is Farming.
Abdon Properties Limited The principal activity of Abdon Properties Limited is Property investment.

Associates
Potters Lane LLP The principal activity of Potters Lane LLP is property investment.

Abdon Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025
(continued)

5 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
Additions | 105,000 | 105,000
At 5 April 2025 | 105,000 | 105,000
Impairment
Carrying amount
At 5 April 2025 | 105,000 | 105,000

6 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 368,146 | 89,771
Prepayments |  | 13,577 | 13,577
|  | 381,723 | 103,348

Abdon Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025
(continued)

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 5,000 | 5,000
Taxation and social security | 96,969 | 13,556
Accruals and deferred income | 1,081 | 1,025
Other creditors | 542,035 | 260,206
| 645,085 | 279,787

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 400,002 | 400,002 | 400,002 | 400,002