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Company Registration No. 12072577 (England and Wales)
Abacus Property Group Ltd Unaudited accounts for the year ended 30 June 2025
Abacus Property Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Abacus Property Group Ltd Company Information for the year ended 30 June 2025
Director
Raymond Yim
Company Number
12072577 (England and Wales)
Registered Office
UNIT 2, BURLEY HOUSE ROWDITCH PLACE DERBY DE22 3LR ENGLAND
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Abacus Property Group Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,254
4,339
Investment property
5
1,022,060
1,022,060
1,025,314
1,026,399
Current assets
Debtors
6
146,606
160,819
Cash at bank and in hand
20,209
20,396
166,815
181,215
Creditors: amounts falling due within one year
7
(331,296)
(357,581)
Net current liabilities
(164,481)
(176,366)
Total assets less current liabilities
860,833
850,033
Creditors: amounts falling due after more than one year
8
(770,387)
(770,289)
Net assets
90,446
79,744
Capital and reserves
Called up share capital
1
1
Revaluation reserve
161,475
161,475
Profit and loss account
(71,030)
(81,732)
Shareholders' funds
90,446
79,744
For the year ending 30 June 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 March 2026 and were signed on its behalf by
Raymond Yim Director Company Registration No. 12072577
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Abacus Property Group Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Abacus Property Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12072577. The registered office is UNIT 2, BURLEY HOUSE, ROWDITCH PLACE, DERBY, DE22 3LR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 July 2024
12,800
At 30 June 2025
12,800
Depreciation
At 1 July 2024
8,461
Charge for the year
1,085
At 30 June 2025
9,546
Net book value
At 30 June 2025
3,254
At 30 June 2024
4,339
5
Investment property
2025
£
Fair value at 1 July 2024
1,022,060
At 30 June 2025
1,022,060
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Abacus Property Group Ltd Notes to the Accounts for the year ended 30 June 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
975
975
Other debtors
145,631
159,844
146,606
160,819
7
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
152,102
147,026
Loans from directors
178,414
209,835
Accruals
780
720
331,296
357,581
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
770,387
-
Other creditors
-
770,289
770,387
770,289
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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