Abdon Properties Limited

(Registration number: 14698519)
Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	-	29
Cash at bank and in hand		67	266
		67	295
Creditors: Amounts falling due within one year	5	(10,425)	(9,392)
Net liabilities		(10,358)	(9,097)
Capital and reserves
Called up share capital	6	100	100
Retained earnings		(10,458)	(9,197)
Shareholders' deficit		(10,358)	(9,097)

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.

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 3 January 2026
 

Abdon Properties Limited

(Registration number: 14698519)
Balance Sheet as at 5 April 2025
(continued)

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

Abdon Properties 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 & Wales.

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 3 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.

Abdon Properties Limited

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

2	Accounting policies (continued)

Going concern

The financial statements show a deficit on net assets. This has arisen from losses incurred during the initial period of trading whilst the company was seeking its first property investment. The losses have been funded by a loan from the parent company. The parent company has indicated that it will continue to provide financial support to the company to enable it to continue trading for the foreseeable future. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the going concern basis being no longer appropriate.

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).

4

Debtors

Current	2025 £	2024 £
Prepayments	-	29
	-	29

Abdon Properties Limited

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

5

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	9,942	9,092
Taxation and social security		3	-
Accruals and deferred income		480	300
		10,425	9,392

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

Abdon Properties Limited

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

7	Related party transactions

Loans from related parties

2025	Parent £	Total £
At start of period	9,092	9,092
Advanced	1,000	1,000
Repaid	(150)	(150)
At end of period	9,942	9,942

2024	Parent £	Total £
Advanced	9,192	9,192
Repaid	(100)	(100)
At end of period	9,092	9,092

Terms of loans from related parties

The loan is interest free, unsecured and has no fixed repayment terms.
 

8	Parent and ultimate parent undertaking

The company's immediate parent is Abdon Holdings Limited, incorporated in England.

 The ultimate controlling party is S J J Wedgwood Esq.