Abidan Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02091908 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Abidan Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Wride

G Wride

D W Wride

REGISTERED OFFICE:

193d Milton Road

Weston-super-Mare

North Somerset

BS22 8EF

REGISTERED NUMBER:

02091908 (England and Wales)

ACCOUNTANTS:

Atkins & Co Chartered Accountants

7 Morston Court

Aisecombe Way

Weston Super Mare

Somerset

BS22 8NG

FIXED ASSETS

Tangible assets

4

1,985,800

1,978,337

CURRENT ASSETS

Cash at bank

54,940

25,328

CREDITORS

Amounts falling due within one year

5

36,695

25,117

NET CURRENT ASSETS

18,245

211

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,004,045

1,978,548

CREDITORS

Amounts falling due after more than one
year

6

-

35,041

NET ASSETS

2,004,045

1,943,507

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

7

734,121

Retained earnings

1,269,824

1,209,286

2,004,045

1,943,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 24 May 2023 and were signed on its behalf by:

G Wride - Director

1.	STATUTORY INFORMATION

Abidan Properties 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.	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.

Land and buildings

-

not provided

Plant and machinery etc

-

10% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2022

1,977,963

3,420

1,981,383

Additions

-

7,500

At 31 March 2023

1,977,963

10,920

1,988,883

DEPRECIATION

At 1 April 2022

-

3,046

Charge for year

-

37

At 31 March 2023

-

3,083

NET BOOK VALUE

At 31 March 2023

1,977,963

7,837

1,985,800

At 31 March 2022

1,977,963

374

1,978,337

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

Taxation and social security

35,578

24,000

Other creditors

1,117

36,695

25,117

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.23

31.3.22

£

Bank loans

-

35,041

7.

RESERVES

Fair

value

reserve

£

At 1 April 2022

and 31 March 2023

734,121

Abidan Properties Limited - Accounts to registrar (filleted) - small 23.1.2

Abidan Properties Limited - Accounts to registrar (filleted) - small 23.1.2