1.
General Information
ABP INVESTMENT AND CONSULTING LTD
is a private company, limited by shares, incorporated in England & Wales, registered number
08191907
. The registered office is 33 Hilton Avenue, London, N12 9HB.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.4.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are business know how. It is amortised to the income statement over its estimated economic life of five years.
2.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
|
| Computer Equipment |
|
2.6.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.7.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
ABP INVESTMENT AND CONSULTING LTD
Notes to the Financial Statements (continued)
For The Year Ended 28 August 2025
4.
Intangible Assets
| Other intangible assets | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 29 August 2024 |
|
||
| As at 28 August 2025 |
|
||
| Amortisation | |||
| As at 29 August 2024 |
|
||
| As at 28 August 2025 |
|
||
| Net Book Value | |||
| As at 28 August 2025 |
|
||
| As at 29 August 2024 |
|
||
5.
Tangible Assets
| Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost or Valuation | |||
| As at 29 August 2024 |
|
|
|
| Additions |
|
|
|
| Disposals |
|
( |
( |
| As at 28 August 2025 |
|
|
|
| Depreciation | |||
| As at 29 August 2024 |
|
|
|
| Provided during the period |
|
|
|
| Disposals |
|
( |
( |
| As at 28 August 2025 |
|
|
|
| Net Book Value | |||
| As at 28 August 2025 |
|
|
|
| As at 29 August 2024 |
|
|
|
6.
Investment Property
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 29 August 2024 |
|
| Revaluations | (11,000) |
| As at 28 August 2025 |
|
Fair Value at 28 Aug 2025 is represented by:
ABP INVESTMENT AND CONSULTING LTD
Notes to the Financial Statements (continued)
For The Year Ended 28 August 2025
|
Cost
|
152,721
|
|
|
Valuation in 2020
|
57,279
|
|
|
Valuation in 2022
|
50,000
|
|
|
Valuation in 2024
|
21,000
|
|
|
Valuation in 2025
|
(11,000)
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
|
270,000
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
7.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors | 1,610 | 4,547 | |
8.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 35,938 | 38,437 | |
| Taxation and social security |
|
|
|
|
|
|
||
9.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
10.
Secured Creditors
The mortgage provided by Belmont Green Finance Limited Trading as Vida Homeloans is secured against the freehold interest in the land and property known as 14 Yaxley Way by way of a negative pledge.
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 194,004 | 195,000 |
11.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 29 August 2024 |
|
32,209 |
| Deferred taxation |
( |
( |
| Balance at 28 August 2025 |
|
29,705 |
ABP INVESTMENT AND CONSULTING LTD
Notes to the Financial Statements (continued)
For The Year Ended 28 August 2025
13.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at 29 August 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 28 August 2025 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Alexander Pogorelov |
|
|
|
- |
( |
The above loan is unsecured, interest free and repayable on demand.
14.
Reserves
| Income Statement | |
|---|---|
| £ | |
| As at 29 August 2024 |
|
| Loss for the year and total comprehensive income |
( |
| As at 28 August 2025 |
|
Reserves include £87,959 which is not distributable. This relates to the unrealised revaluationof aninvestment property and the deferred tax effects.