Abbey View Producer Organisation Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03616148 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ABBEY VIEW PRODUCER ORGANISATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B J Hibberd

S Wilkinson

L Hibberd

SECRETARY:

W J Worwood

REGISTERED OFFICE:

Abbey View Nursery

Galley Hill Road

Waltham Abbey

Essex

EN9 2AG

REGISTERED NUMBER:

03616148 (England and Wales)

AUDITORS:

Kingly Jones LLP

Chartered Accountants

Statutory Auditor

414 Linen Hall

162-168 Regent Street

London

W1B 5TE

FIXED ASSETS

Tangible assets

5

87,325

174,638

CURRENT ASSETS

Debtors

6

204,579

164,679

Cash at bank

42,112

10,858

246,691

175,537

CREDITORS

Amounts falling due within one year

7

1,923,953

1,616,803

NET CURRENT LIABILITIES

(1,677,262

)

(1,441,266

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,589,937

)

(1,266,628

)

ACCRUALS AND DEFERRED INCOME

30,831

56,028

NET LIABILITIES

(1,620,768

)

(1,322,656

)

CAPITAL AND RESERVES

Called up share capital

130

Retained earnings

(1,620,898

)

(1,322,786

)

SHAREHOLDERS' FUNDS

(1,620,768

)

(1,322,656

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

B J Hibberd - Director

1.	STATUTORY INFORMATION

Abbey View Producer Organisation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

During the year 31 December 2024, the Company reported an after tax loss of £298,112 and net liabilities at the year end of £1,620,768

The directors have prepared the accounts on a going concern basis as they believe they have the continued support of the creditors to meet liabilities as they fall due. There are no adjustments in these financial statements if this was not the case.

On this basis the directors are satisfied that it is appropriate for the Financial Statements to be drawn up on the going concern basis.

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.

Short leasehold

-

at varying rates on cost

Plant and machinery

-

25% on cost and 20% on cost

Fixtures and fittings

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss accounts over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

and 31 December 2024

2,182,829

642,860

2,825,689

DEPRECIATION

At 1 January 2024

2,008,191

642,860

2,651,051

Charge for year

87,313

-

87,313

At 31 December 2024

2,095,504

642,860

2,738,364

NET BOOK VALUE

At 31 December 2024

87,325

-

87,325

At 31 December 2023

174,638

-

174,638

The land and buildings costs consist of buildings only.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

201,230

139,844

Other debtors

3,349

24,835

204,579

164,679

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

38,439

-

Amounts owed to participating interests

1,854,319

1,585,608

Other creditors

31,195

1,923,953

1,616,803

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Jones (Senior Statutory Auditor)

for and on behalf of Kingly Jones LLP

9.	CONTINGENT LIABILITIES

The company has given an unlimited guarantee over the company's assets to the bankers of Abbey View Produce Limited.

10.	RELATED PARTY DISCLOSURES

Abbey View Produce Limited , a company in which the director B Hibberd is the controlling shareholder,has a participating interest in the company. Included in turnover are sales to Abbey View Produce Limited, a company with a participating interest, of £13,598,544 (2023: £17,289,652). Included within creditors is £1,854,349 (2023: £1,585,608) payable to Abbey View Produce Limited. Included in cost of sales are purchases from Abbey View Produce Limited of £nil (2023:£996,356).Included in trade debtors is an amount due from Abbey View Produce Limited of £27,148 (2023:£40,556)

In cost of sales are purchases of £3,042,702 (2023: £5,446,203) from KB100 Ltd, a wholly owned subsidiary of Abbey View Produce Limited. There were no amounts due to this company at the year end,and KB100 owed £157,738 (2023: £93,877) that is included in debtors.

11.	ULTIMATE CONTROLLING PARTY

There is no controlling party.