REGISTERED NUMBER: 14022404 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025

FOR

AB PROPCO LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,349

2,044

Investments

5

100

-

Investment property

6

10,600,000

10,600,000

10,601,449

10,602,044

CURRENT ASSETS

Debtors

7

807,959

186,692

Cash at bank

113,711

32,445

921,670

219,137

CREDITORS

Amounts falling due within one year

8

713,230

59,514

NET CURRENT ASSETS

208,440

159,623

TOTAL ASSETS LESS CURRENT LIABILITIES

10,809,889

10,761,667

CREDITORS

Amounts falling due after more than one year

9

(2,815,709

)

(2,816,191

)

PROVISIONS FOR LIABILITIES

(337

)

(511

)

NET ASSETS

7,993,843

7,944,965

CAPITAL AND RESERVES

Called up share capital

10,600,000

10,600,000

Retained earnings

(2,606,157

)

(2,655,035

)

7,993,843

7,944,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th October 2025 and were signed by:

Mr A P Nettleton - Director

1.	STATUTORY INFORMATION

AB Propco Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14022404

Registered office:

Gables House

62 Kenilworth Road

Leamington Spa

CV32 6JX

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2024

and 30th April 2025

2,783

DEPRECIATION

At 1st May 2024

739

Charge for year

695

At 30th April 2025

1,434

NET BOOK VALUE

At 30th April 2025

1,349

At 30th April 2024

2,044

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 30th April 2025

100

NET BOOK VALUE

At 30th April 2025

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2024

and 30th April 2025

10,600,000

NET BOOK VALUE

At 30th April 2025

10,600,000

At 30th April 2024

10,600,000

7.

DEBTORS

30.4.25

30.4.24

£

£

Amounts falling due within one year:

Trade debtors

21,000

-

Other debtors

750,000

163,258

771,000

163,258

Amounts falling due after more than one year:

Other debtors

36,959

23,434

Aggregate amounts

807,959

186,692

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

13,101

11,961

Taxation and social security

21,387

45,681

Other creditors

678,742

1,872

713,230

59,514

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

2,815,709

2,816,191

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.25

30.4.24

£

£

Within one year

6,489

-

Between one and five years

7,031

-

13,520

-

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loans

2,815,709

2,816,191

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2025 and 30th April 2024:

30.4.25

30.4.24

£

£

Mr A P Nettleton

Balance outstanding at start of year

163,253

(2,784,595

)

Amounts advanced

89,965

2,986,678

Amounts repaid

(930,264

)

(38,830

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(677,046

)

163,253