Company registration number 14043872 (England and Wales)
WILLIAM GEORGE HOMES (ABINGER HOUSE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
PAGES FOR FILING WITH REGISTRAR
WILLIAM GEORGE HOMES (ABINGER HOUSE) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WILLIAM GEORGE HOMES (ABINGER HOUSE) LIMITED
BALANCE SHEET
AS AT
30 APRIL 2026
30 April 2026
- 1 -
2026
2025
Notes
£
£
£
£
Current assets
Stocks
3
7,582,918
4,878,115
Debtors
4
204,046
156,911
Cash at bank and in hand
187,648
58,842
7,974,612
5,093,868
Creditors: amounts falling due within one year
5
(8,122,246)
(715,118)
Net current (liabilities)/assets
(147,634)
4,378,750
Creditors: amounts falling due after more than one year
6
-
0
(4,512,577)
Net liabilities
(147,634)
(133,827)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(147,734)
(133,927)
Total equity
(147,634)
(133,827)

For the financial year ended 30 April 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 director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 July 2026
W G Nixon
Director
Company registration number 14043872 (England and Wales)
WILLIAM GEORGE HOMES (ABINGER HOUSE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
- 2 -
1
Accounting policies
Company information

William George Homes (Abinger House) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2000 Cathedral Square, Cathedral Hill, Guildford, GU2 7YL.

1.1
Accounting convention

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
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment, the director acknowledges the company's net current liabilities position and notes it retains the support of its shareholders to complete the planned redevelopment of the property, which is anticipated to be within the next 12 months to enable repayment of the bank and other loans by the end of their current terms. Consequently, the director continues to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Borrowing costs

Borrowing costs are capitalised against the development stock or written off to profit or loss in proportion to the level of activity of both the development trade and the rental trade during the year.

1.4
Stocks

Stocks represent development property stocks which is held at the lower of cost and net realisable value, being estimated selling price less costs to complete and sell. Costs comprise development expenditure directly attributable to the project.

At the balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit & loss account.

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.

WILLIAM GEORGE HOMES (ABINGER HOUSE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
1
Accounting policies
(Continued)
- 3 -
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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and other loans, 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.

2
Employees

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

2026
2025
Number
Number
Total
1
2
WILLIAM GEORGE HOMES (ABINGER HOUSE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
- 4 -
3
Stocks
2026
2025
£
£
Development stock
7,582,918
4,878,115
Included within the development stock are capitalised borrowing costs of £1,460,435 (2025: £902,193).
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
204,046
156,911
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
6,129,125
-
0
Other loans
1,268,782
-
0
Trade creditors
182,024
175,031
Other creditors
538,878
537,046
Accruals and deferred income
3,437
3,041
8,122,246
715,118

Bank loans and other loans are secured against development stock.

6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
0
3,375,376
Other loans
-
0
1,137,201
-
0
4,512,577

Bank loans and other loans are secured against development stock.

7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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