| ABT Housing Ltd |
| Registered number: |
16265723 |
| Statement of Financial Position |
| as at 28 February 2026 |
|
| Notes |
|
|
2026 |
|
| £ |
|
| Fixed assets |
| Tangible assets |
3 |
|
|
405,414 |
|
| Current assets |
| Cash at bank and in hand |
|
|
381 |
|
| Creditors: amounts falling due within one year |
4 |
|
(156,828) |
|
| Net current liabilities |
|
|
|
(156,447) |
|
|
| Total assets less current liabilities |
|
|
|
248,967 |
|
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(255,128) |
|
|
|
| Net liabilities |
|
|
|
(6,161) |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
| Profit and loss account |
|
|
|
(6,261) |
|
| Shareholders' funds |
|
|
|
(6,161) |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Arthur Jenkins |
| Director |
| Approved by the board on 1 September 2026 |
|
| ABT Housing Ltd |
| Notes to the Accounts |
| for the period from 20 February 2025 to 28 February 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
|
|
|
Going concern |
|
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% reducing balance |
|
|
Investment property |
|
Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
|
| 2 |
Employees and directors |
2026 |
|
| Number |
|
|
|
Average number of directors and persons employed by the company |
|
1 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Investment property |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
Additions |
394,428 |
|
11,220 |
|
405,648 |
|
At 28 February 2026 |
394,428 |
|
11,220 |
|
405,648 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
- |
|
234 |
|
234 |
|
At 28 February 2026 |
- |
|
234 |
|
234 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2026 |
394,428 |
|
10,986 |
|
405,414 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2026 |
|
| £ |
|
|
|
Accruals |
1,020 |
|
Other creditors |
155,808 |
|
|
|
|
|
|
156,828 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2026 |
|
| £ |
|
|
|
Bank loans |
255,128 |
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2026 |
|
| £ |
|
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
255,128 |
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
255,128 |
|
|
|
|
|
|
|
|
|
The bank loan is secured by a legal charge over the investment property. The loan is stated net of unamortised arrangement fees of £7,572. The total amount repayable at the end of the loan term is £262,700. |
|
|
| 7 |
Other information |
|
|
ABT Housing Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
269 Farnborough Road |
|
Farnborough |
|
Hampshire |
|
GU14 7LY |