REGISTERED NUMBER: 12099122 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Abacus Apartments Ltd

Previously known as

Abacus Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Singh

REGISTERED OFFICE:

2 Besthorpe Close

Oakwood

Derby

DE21 4RQ

REGISTERED NUMBER:

12099122 (England and Wales)

ACCOUNTANTS:

NP & Associates Limited

2 Besthorpe Close

Oakwood

Derby

Derbyshire

DE21 4RQ

FIXED ASSETS

Tangible assets

4

2,096,746

1,260,576

Investments

5

-

55

Investment property

6

170,000

-

2,266,746

1,260,631

CURRENT ASSETS

Debtors

7

651

422

Cash at bank

2,788

177,749

3,439

178,171

CREDITORS

Amounts falling due within one year

8

2,263,688

1,440,469

NET CURRENT LIABILITIES

(2,260,249

)

(1,262,298

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,497

(1,667

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,397

(1,767

)

SHAREHOLDERS' FUNDS

6,497

(1,667

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2026 and were signed by:

S Singh - Director

1.	STATUTORY INFORMATION

Abacus Apartments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

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 Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Assets in

the

Fixtures

Freehold

course of

and

property

construction

fittings

Totals

£

£

£

£

COST

At 1 August 2024

500,000

760,576

-

1,260,576

Additions

-

834,286

2,355

836,641

At 31 July 2025

500,000

1,594,862

2,355

2,097,217

DEPRECIATION

Charge for year

-

-

471

471

At 31 July 2025

-

-

471

471

NET BOOK VALUE

At 31 July 2025

500,000

1,594,862

1,884

2,096,746

At 31 July 2024

500,000

760,576

-

1,260,576

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 August 2024

55

Disposals

(55

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

55

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Mill Homes (Derby) Ltd

Registered office: England & Wales

Nature of business: Property development

%

Class of shares:

holding

Ordinary

55.00

2025

31/1/24

£

£

Aggregate capital and reserves

-

54,783

Profit for the year

-

18,598

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

170,000

At 31 July 2025

170,000

NET BOOK VALUE

At 31 July 2025

170,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

651

422

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,211,182

728,268

Trade creditors

428,576

262,267

Amounts owed to group undertakings

-

55

Amounts owed to participating interests

534

-

Taxation and social security

1,473

-

Other creditors

621,923

449,879

2,263,688

1,440,469

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,211,182

728,268

Lloyds Bank have a fixed and floating charge over the company assets and property dated 15 August 2023. This was satisfied on 12 September 2025.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company trades with Kedleston Contractors Limited and Kedleston Homes Limited, companies which are owned by the controlling director and family.

At 31 July 2025, the following balances were included in debtors and creditors;

- Debtors £nil (2024 - £nil)

- Creditors £408,576 (2024 - £242,268)