Abbey Group Property Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04404932 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 AUGUST 2020 TO 28 FEBRUARY 2021

FOR

ABBEY GROUP PROPERTY MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R R Sturgess

Mrs C C A Sturgess

SECRETARY:

Mr R R Sturgess

REGISTERED OFFICE:

Abbey House

14 Grove Street

Wantage

Oxfordshire

OX12 7AA

REGISTERED NUMBER:

04404932 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Tangible assets

4

-

5,477

Investments

5

-

5,800

-

11,277

CURRENT ASSETS

Debtors

6

79,267

88,982

Cash at bank

93,980

7,367

173,247

96,349

CREDITORS

Amounts falling due within one year

7

160,769

141,619

NET CURRENT ASSETS/(LIABILITIES)

12,478

(45,270

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,478

(33,993

)

PROVISIONS FOR LIABILITIES

8

-

1,041

NET ASSETS/(LIABILITIES)

12,478

(35,034

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

12,378

(35,134

)

SHAREHOLDERS' FUNDS

12,478

(35,034

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2022 and were signed on its behalf by:

Mr R R Sturgess - Director

1.	STATUTORY INFORMATION

The nature of the company's operations and principal activity is that of property management. The company's principal place of business is Wantage, Oxfordshire. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

The financial statements have been prepared on the going concern basis on the understanding that the balance sheet deficit is covered by the director's loan account. Furthermore the director has provided assurances that he will continue to support the company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

Straight line over 3 years

Computer equipment

-

Straight line over 4 years

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 August 2020

38,746

2,699

41,445

Additions

630

4,163

4,793

Disposals

(39,376

)

(6,862

)

(46,238

)

At 28 February 2021

-

-

-

DEPRECIATION

At 1 August 2020

34,830

1,138

35,968

Eliminated on disposal

(34,830

)

(1,138

)

(35,968

)

At 28 February 2021

-

-

-

NET BOOK VALUE

At 28 February 2021

-

-

-

At 31 July 2020

3,916

1,561

5,477

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

28.2.21

31.7.20

£

£

Investments held as

fixed assets

5,800

5,800

Disposals

(5,800

)

-

-

5,800

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

31.7.20

£

£

Trade debtors

71,800

4,419

Prepayments and accrued income

7,467

84,563

79,267

88,982

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

31.7.20

£

£

Trade creditors

3,694

4,578

Social security and other taxes

3,425

2,772

VAT

31,034

10,584

Other creditors

13,757

-

Directors' current accounts

92,330

118,927

Accrued expenses

16,529

4,758

160,769

141,619

8.	PROVISIONS FOR LIABILITIES

28.2.21

31.7.20

£

£

Deferred tax

-

1,041

Deferred

tax

£

Balance at 1 August 2020

1,041

Provided during period

(1,041

)

Released in year

Balance at 28 February 2021

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.21

31.7.20

value:

£

£

100

Ordinary

£1

100

100

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R R Sturgess.