1 August 2024 false No description of principal activity Taxfiler 2024.6 SC669194business:PrivateLimitedCompanyLtd2024-08-012025-07-31 SC6691942024-07-31 SC6691942024-08-012025-07-31 SC669194business:AuditExemptWithAccountantsReport2024-08-012025-07-31 SC669194business:FilletedAccounts2024-08-012025-07-31 SC6691942025-07-31 SC669194business:Director12024-08-012025-07-31 SC669194business:RegisteredOffice2024-08-012025-07-31 SC6691942024-07-31 SC669194core:WithinOneYear2025-07-31 SC669194core:WithinOneYear2024-07-31 SC669194core:AfterOneYear2025-07-31 SC669194core:AfterOneYear2024-07-31 SC669194core:ShareCapitalcore:PreviouslyStatedAmount2025-07-31 SC669194core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 SC669194core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-07-31 SC669194core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 SC669194core:PreviouslyStatedAmount2025-07-31 SC669194core:PreviouslyStatedAmount2024-07-31 SC669194business:SmallEntities2024-08-012025-07-31 SC669194countries:Scotland2024-08-012025-07-31 SC669194core:LandBuildings2024-08-012025-07-31 SC669194core:FurnitureFittings2024-08-012025-07-31 SC669194core:ComputerEquipment2024-08-012025-07-31 SC669194core:LandBuildings2024-07-31 SC669194core:FurnitureFittings2024-07-31 SC669194core:ComputerEquipment2024-07-31 SC669194core:LandBuildings2025-07-31 SC669194core:FurnitureFittings2025-07-31 SC669194core:ComputerEquipment2025-07-31 SC6691942023-08-012024-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC669194 (Scotland)
ABSTRACT HOMES LTD Unaudited accounts for the year ended 31 July 2025
ABSTRACT HOMES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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ABSTRACT HOMES LTD Company Information for the year ended 31 July 2025
Director
Dr Ka Wun Karen Law
Company Number
SC669194 (Scotland)
Registered Office
55 COMMERCE STREET GLASGOW G5 8AD SCOTLAND
Accountants
Avid Accountants Ltd 21 Blythswood Square Glasgow G2 4BL
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ABSTRACT HOMES LTD Statement of financial position as at 31 July 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
609,253 
616,581 
Current assets
Debtors
5
57,000 
63,490 
Cash at bank and in hand
1,022 
8,442 
58,022 
71,932 
Creditors: amounts falling due within one year
6
(5,073)
(720)
Net current assets
52,949 
71,212 
Total assets less current liabilities
662,202 
687,793 
Creditors: amounts falling due after more than one year
7
(721,245)
(721,803)
Net liabilities
(59,043)
(34,010)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(59,044)
(34,011)
Shareholders' funds
(59,043)
(34,010)
For the year ending 31 July 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 her 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 29 July 2026 and were signed on its behalf by
Dr Ka Wun Karen Law Director Company Registration No. SC669194
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ABSTRACT HOMES LTD Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
ABSTRACT HOMES LTD is a private company, limited by shares, registered in Scotland, registration number SC669194. The registered office is 55 COMMERCE STREET, GLASGOW, G5 8AD, SCOTLAND.
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:
Land & buildings
0
Fixtures & fittings
10%
Computer equipment
20%
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2024
560,000 
54,546 
9,363 
623,909 
At 31 July 2025
560,000 
54,546 
9,363 
623,909 
Depreciation
At 1 August 2024
- 
5,455 
1,873 
7,328 
Charge for the year
- 
5,455 
1,873 
7,328 
At 31 July 2025
- 
10,910 
3,746 
14,656 
Net book value
At 31 July 2025
560,000 
43,636 
5,617 
609,253 
At 31 July 2024
560,000 
49,091 
7,490 
616,581 
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ABSTRACT HOMES LTD Notes to the Accounts for the year ended 31 July 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
10,490 
Trade debtors
57,000 
53,000 
57,000 
63,490 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
200 
- 
Other creditors
3,513 
- 
Accruals
1,360 
720 
5,073 
720 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Loans from directors
721,245 
721,803 
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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