Abbey Prestige Lettings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10348124

Abbey Prestige Lettings Limited

Filleted Unaudited Financial Statements

31 August 2025

Abbey Prestige Lettings Limited

Financial Statements

Year ended 31 August 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Abbey Prestige Lettings Limited

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	740,000	740,000

Current assets

Debtors	5	28,976	26,231

Creditors: amounts falling due within one year	6	22,082	19,052
		--------	--------
Net current assets		6,894	7,179
		---------	---------
Total assets less current liabilities		746,894	747,179

Creditors: amounts falling due after more than one year	7	600,814	602,026
		---------	---------
Net assets		146,080	145,153
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	145,980	145,053
	---------	---------
Shareholders funds	146,080	145,153
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Abbey Prestige Lettings Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 25 August 2026 , and are signed on behalf of the board by:

Mr P Woodman
Director

Company registration number: 10348124

Abbey Prestige Lettings Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel Street, Salford, M3 5JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Revenue is measured at the fair value of the consideration received

Tangible assets

Property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. It is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tangible assets

	Property
	£
Cost
At 1 September 2024 and 31 August 2025	740,000
	---------
Depreciation
At 1 September 2024 and 31 August 2025	–
	---------
Carrying amount
At 31 August 2025	740,000
	---------
At 31 August 2024	740,000
	---------

Included within the above is investment property as follows:

	£
	---------
At 1 September 2024 and 31 August 2025	740,000
	---------

The director has valued the properties based on local market conditions. He considers the value shown in the accounts to accurately reflect a fair market value at 31 August 2025.

5. Debtors

	2025	2024
	£	£
Other debtors	28,976	26,231
	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	15,517	15,009
Social security and other taxes	1,750	840
Other creditors	4,815	3,203
	--------	--------
	22,082	19,052
	--------	--------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	494,446	492,706
Other creditors	106,368	109,320
	---------	---------
	600,814	602,026
	---------	---------

8. Related party transactions

At the year end the Company owed £14,204 to Abbey Prestige Homes Ltd, £92,164 to Abbey Prestige Homes (Helsby) Ltd and was owed £28,976 by Abbey Prestige Homes (NW) Ltd. The companies are related by common ownership and control.