Company Registration No. 10505732 (England and Wales)
Abbotts Park Homes Limited
Unaudited accounts
for the year ended 31 December 2021
Abbotts Park Homes Limited
Unaudited accounts
Contents
Abbotts Park Homes Limited
Company Information
for the year ended 31 December 2021
Directors
Mr L Abbott
Mrs N Abbott
Company Number
10505732 (England and Wales)
Registered Office
THE OFFICE WAYFORD ROAD
SMALLBURGH
NORWICH
NR12 9LW
ENGLAND
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
Abbotts Park Homes Limited
Statement of financial position
as at 31 December 2021
Tangible assets
2,679,723
2,678,651
Cash at bank and in hand
432,379
354,756
Creditors: amounts falling due within one year
(40,526)
(107,558)
Net current assets
391,853
250,912
Total assets less current liabilities
3,071,576
2,929,563
Creditors: amounts falling due after more than one year
(2,564,022)
(2,557,914)
Net assets
507,554
371,649
Called up share capital
2
2
Profit and loss account
507,552
371,647
Shareholders' funds
507,554
371,649
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by
Mr L Abbott
Director
Company Registration No. 10505732
Abbotts Park Homes Limited
Notes to the Accounts
for the year ended 31 December 2021
Abbotts Park Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 10505732. The registered office is THE OFFICE WAYFORD ROAD, SMALLBURGH, NORWICH, NR12 9LW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2021
2,667,339
-
9,000
6,425
2,682,764
Additions
-
2,967
-
1,200
4,167
At 31 December 2021
2,667,339
2,967
9,000
7,625
2,686,931
At 1 January 2021
-
-
1,800
2,313
4,113
Charge for the year
-
593
1,440
1,062
3,095
At 31 December 2021
-
593
3,240
3,375
7,208
At 31 December 2021
2,667,339
2,374
5,760
4,250
2,679,723
At 31 December 2020
2,667,339
-
7,200
4,112
2,678,651
Abbotts Park Homes Limited
Notes to the Accounts
for the year ended 31 December 2021
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
5,963
1,125
Taxes and social security
31,701
36,433
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
1,968,094
2,030,883
Other creditors
168,301
100,000
Loans from directors
427,627
427,031
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 1 (2020: 0).
