Company registration number 12442904 (England and Wales)
Abbington 28 Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2026
Pages For Filing With Registrar
Abbington 28 Ltd
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 10
Abbington 28 Ltd
Balance Sheet
As At 28 February 2026
Page 1
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
483,541
471,581
Current assets
Debtors
5
177,564
240,890
Cash at bank and in hand
238,020
12,168
415,584
253,058
Creditors: amounts falling due within one year
6
(439,846)
(1,028,078)
Net current liabilities
(24,262)
(775,020)
Total assets less current liabilities
459,279
(303,439)
Creditors: amounts falling due after more than one year
7
(650,000)
(55,000)
Provisions for liabilities
(14,455)
-
Net liabilities
(205,176)
(358,439)
Capital and reserves
Called up share capital
8
171
171
Share premium account
536,435
536,435
Profit and loss reserves
(741,782)
(895,045)
Total equity
(205,176)
(358,439)
Abbington 28 Ltd
Balance Sheet (Continued)
As At 28 February 2026
Page 2

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 June 2026 and are signed on its behalf by:
Mr A Rapacioli
Director
Company registration number 12442904 (England and Wales)
Abbington 28 Ltd
Statement Of Changes In Equity
For The Year Ended 28 February 2026
Page 3
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 March 2024
136
256,403
(535,830)
(279,291)
Year ended 28 February 2025:
Loss and total comprehensive income
-
-
(359,215)
(359,215)
Issue of share capital
8
35
280,032
-
280,067
Balance at 28 February 2025
171
536,435
(895,045)
(358,439)
Year ended 28 February 2026:
Profit and total comprehensive income
-
-
153,263
153,263
Balance at 28 February 2026
171
536,435
(741,782)
(205,176)
Abbington 28 Ltd
Notes To The Financial Statements
For The Year Ended 28 February 2026
Page 4
1
Accounting policies
Company information

Abbington 28 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Carriage House, Mill Street, Maidstone, Kent, ME15 6YE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Sale of services

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of services

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
20 years over life of lease
Leasehold improvements
20 years over life of lease
Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
Abbington 28 Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2026
1
Accounting policies
(Continued)
Page 5

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Abbington 28 Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2026
1
Accounting policies
(Continued)
Page 6
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Abbington 28 Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2026
1
Accounting policies
(Continued)
Page 7
1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
29
23
Abbington 28 Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2026
Page 8
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 March 2025
453,897
74,355
528,252
Additions
19,561
32,889
52,450
At 28 February 2026
473,458
107,244
580,702
Depreciation and impairment
At 1 March 2025
39,634
17,037
56,671
Depreciation charged in the year
23,704
16,786
40,490
At 28 February 2026
63,338
33,823
97,161
Carrying amount
At 28 February 2026
410,120
73,421
483,541
At 28 February 2025
414,263
57,318
471,581
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
350
734
Other debtors
5,417
2,295
5,767
3,029
Deferred tax asset
171,797
237,861
177,564
240,890
6
Creditors: amounts falling due within one year
2026
2025
£
£
Other borrowings
188,012
508,705
Trade creditors
29,427
56,117
Corporation tax
13,085
-
0
Other taxation and social security
19,972
43,203
Deferred income
40,012
-
0
Other creditors
121,168
366,171
Accruals and deferred income
28,170
53,882
439,846
1,028,078
Abbington 28 Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2026
Page 9
7
Creditors: amounts falling due after more than one year
2026
2025
Notes
£
£
Other borrowings
650,000
55,000
8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary X-Shares of 1p each
12,137
10,000
121
100
Ordinary Y-Shares of 1p each
2,373
4,510
24
45
Ordinary Z-Shares of 1p each
2,585
2,585
26
26
17,095
17,095
171
171

By special resolution 2,137 Y-Shares of £0.01 each were reclassified as 2,137 X-Shares of £0.01 each on 19/12/2025.

9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Consultancy fees
2026
2025
£
£
Key management personnel
61,920
76,908
2026
2025
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
650,000
-
Other related parties
120,247
120,247

The following amounts were outstanding at the reporting end date:

2026
2025
Amounts due from related parties
£
£
Entities with control, joint control or significant influence over the company
350
1,034
Abbington 28 Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2026
Page 10
10
Parent company

The parent company of Abbington 28 Ltd is Abbington Health Group Ltd (formerly Olive Spring Holdings Ltd) and its registered office is The Carriage House, Mill Street, Maidstone ME15 6YE

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