Abode Property Management & Services Ltd 15043002 false 2024-09-01 2025-08-31 2025-08-31 The principal activity of the company is that of real estate management. Digita Accounts Production Advanced 6.30.9574.0 true true 15043002 2024-09-01 2025-08-31 15043002 2025-08-31 15043002 core:CurrentFinancialInstruments 2025-08-31 15043002 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 15043002 core:FurnitureFittings 2025-08-31 15043002 core:LandBuildings core:OwnedOrFreeholdAssets 2025-08-31 15043002 core:OfficeEquipment 2025-08-31 15043002 core:PlantMachinery 2025-08-31 15043002 1 2025-08-31 15043002 bus:SmallEntities 2024-09-01 2025-08-31 15043002 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 15043002 bus:FilletedAccounts 2024-09-01 2025-08-31 15043002 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 15043002 bus:RegisteredOffice 2024-09-01 2025-08-31 15043002 bus:Director1 2024-09-01 2025-08-31 15043002 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 15043002 core:Buildings 2024-09-01 2025-08-31 15043002 core:ComputerEquipment 2024-09-01 2025-08-31 15043002 core:FurnitureFittings 2024-09-01 2025-08-31 15043002 core:FurnitureFittingsToolsEquipment 2024-09-01 2025-08-31 15043002 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 15043002 core:OfficeEquipment 2024-09-01 2025-08-31 15043002 core:PlantMachinery 2024-09-01 2025-08-31 15043002 countries:England 2024-09-01 2025-08-31 15043002 1 2024-09-01 2025-08-31 15043002 2024-08-31 15043002 core:FurnitureFittings 2024-08-31 15043002 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 15043002 core:OfficeEquipment 2024-08-31 15043002 core:PlantMachinery 2024-08-31 15043002 1 2024-08-31 15043002 2023-08-01 2024-08-31 15043002 2024-08-31 15043002 core:CurrentFinancialInstruments 2024-08-31 15043002 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 15043002 core:FurnitureFittings 2024-08-31 15043002 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 15043002 core:OfficeEquipment 2024-08-31 15043002 core:PlantMachinery 2024-08-31 15043002 1 2024-08-31 15043002 1 2023-08-01 2024-08-31 15043002 1 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 15043002

Abode Property Management & Services Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Abode Property Management & Services Ltd

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 6

Abode Property Management & Services Ltd

(Registration number: 15043002)
Statement of Financial Position as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 8,821 | 2,006
Current assets |  |  |
Debtors | 5 | 2,443 | 10,196
Cash at bank and in hand |  | 18,105 | 29,196
|  | 20,548 | 39,392
Creditors: Amounts falling due within one year | 6 | (28,496) | (40,154)
Net current liabilities |  | (7,948) | (762)
Total assets less current liabilities |  | 873 | 1,244
Provisions for liabilities |  | (313) | (381)
Net assets |  | 560 | 863
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Profit and loss account |  | 559 | 862
Shareholders' funds |  | 560 | 863

For the financial year ending 31 August 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 her 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 Statement of Comprehensive Income.

Approved and authorised by the director on 17 March 2026

Miss K C Leggett Director

Abode Property Management & Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

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

The address of its registered office is:
6 Ashwood Park Road
Plymouth
Devon
PL7 2WA
United Kingdom

Principal activity

The principal activity of the company is that of real estate management.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Abode Property Management & Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Abode Property Management & Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 3 years straight line
Computer equipment | 20% reducing balance
Plant and machinery | 20% reducing balance
Improvements to property | 10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

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

Abode Property Management & Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 September 2024 | - | 1,613 | 220 | 325 | 2,158
Additions | 7,172 | - | - | 1,240 | 8,412
At 31 August 2025 | 7,172 | 1,613 | 220 | 1,565 | 10,570
Depreciation
At 1 September 2024 | - | 37 | 7 | 108 | 152
Charge for the year | 717 | 315 | 43 | 522 | 1,597
At 31 August 2025 | 717 | 352 | 50 | 630 | 1,749
Carrying amount
At 31 August 2025 | 6,455 | 1,261 | 170 | 935 | 8,821
At 31 August 2024 | - | 1,576 | 213 | 217 | 2,006

Included within the net book value of land and buildings above is £6,455 (2024 - £Nil) in respect of freehold land and buildings.

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 1,000 | -
Other debtors | - | 9,081
Prepayments | 1,443 | 1,115
| 2,443 | 10,196

Abode Property Management & Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Loans and borrowings | 2,500 | 2,500
Taxation and social security | 1,460 | 1,182
Accruals and deferred income | 1,065 | 1,170
Other creditors | 23,471 | 35,302
| 28,496 | 40,154

7 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

8 | Related party transactions

Transactions with the director

During the year the directors entered into the following advances and credits with the company:

2025 | At 1 September 2024 £ | Advances to director £ | Repayments by director £ | At 31 August 2025 £
Director | 9,080 | 6,351 | (18,550) | (3,119)

2024 | At 1 August 2023 £ | Advances to director £ | Repayments by director £ | At 31 August 2024 £
Director | - | 27,473 | (18,393) | 9,080

Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.