REGISTERED NUMBER: 14022404 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2026

FOR

AB PROPCO LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

2,315

1,349

Investments

5

100

100

Investment property

6

10,600,000

10,600,000

10,602,415

10,601,449

CURRENT ASSETS

Debtors

7

775,362

807,959

Cash at bank

95,600

113,711

870,962

921,670

CREDITORS

Amounts falling due within one year

8

722,686

713,230

NET CURRENT ASSETS

148,276

208,440

TOTAL ASSETS LESS CURRENT LIABILITIES

10,750,691

10,809,889

CREDITORS

Amounts falling due after more than one year

9

(2,815,298

)

(2,815,709

)

PROVISIONS FOR LIABILITIES

(579

)

(337

)

NET ASSETS

7,934,814

7,993,843

CAPITAL AND RESERVES

Called up share capital

10,600,000

10,600,000

Retained earnings

(2,665,186

)

(2,606,157

)

7,934,814

7,993,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th September 2026 and were signed by:

Mr A P Nettleton - Director

1.	STATUTORY INFORMATION

AB Propco Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14022404

Registered office:

Gables House

62 Kenilworth Road

Leamington Spa

CV32 6JX

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2025

2,783

Additions

1,916

Disposals

(537

)

At 30th April 2026

4,162

DEPRECIATION

At 1st May 2025

1,434

Charge for year

844

Eliminated on disposal

(431

)

At 30th April 2026

1,847

NET BOOK VALUE

At 30th April 2026

2,315

At 30th April 2025

1,349

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st May 2025

and 30th April 2026

100

NET BOOK VALUE

At 30th April 2026

100

At 30th April 2025

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2025

and 30th April 2026

10,600,000

NET BOOK VALUE

At 30th April 2026

10,600,000

At 30th April 2025

10,600,000

7.

DEBTORS

30.4.26

30.4.25

£

£

Amounts falling due within one year:

Trade debtors

-

21,000

Other debtors

750,000

750,000

750,000

771,000

Amounts falling due after more than one year:

Other debtors

25,362

36,959

Aggregate amounts

775,362

807,959

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade creditors

1,655

13,101

Taxation and social security

25,066

21,387

Other creditors

695,965

678,742

722,686

713,230

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans

2,815,298

2,815,709

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.26

30.4.25

£

£

Within one year

6,489

6,489

Between one and five years

540

7,031

7,029

13,520

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.26

30.4.25

£

£

Bank loans

2,815,298

2,815,709

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2026 and 30th April 2025:

30.4.26

30.4.25

£

£

Mr A P Nettleton

Balance outstanding at start of year

(677,046

)

163,253

Amounts advanced

18,757

89,965

Amounts repaid

(35,757

)

(930,264

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(694,046

)

(677,046

)