Company Registration No. 10164337 (England and Wales)
A B & F Properties Ltd
Unaudited accounts
for the year ended 31 May 2023
A B & F Properties Ltd
Unaudited accounts
Contents
A B & F Properties Ltd
Company Information
for the year ended 31 May 2023
Directors
M P Osborne
C Irving-Osborne
Company Number
10164337 (England and Wales)
Registered Office
c/o Allensbank
Narberth
Pembs
SA67 8RF
Accountants
Ann Stephens & Co
The Lodge
Allensbank
Narberth
Pembs
SA67 8RF
A B & F Properties Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
3,905
4,977
Cash at bank and in hand
1,550
7,541
Creditors: amounts falling due within one year
(58,847)
(25,030)
Net current liabilities
(3,405)
(4,760)
Called up share capital
2
2
Profit and loss account
498
215
Shareholders' funds
500
217
For the year ending 31 May 2023 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 17 April 2024 and were signed on its behalf by
C Irving-Osborne
Director
Company Registration No. 10164337
A B & F Properties Ltd
Notes to the Accounts
for the year ended 31 May 2023
A B & F Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 10164337. The registered office is c/o Allensbank, Narberth, Pembs, SA67 8RF.
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.
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
25% reducing balance
Computer equipment
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
A B & F Properties Ltd
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
2,047
8,625
10,672
At 31 May 2023
2,047
8,625
10,672
At 1 June 2022
512
5,183
5,695
Charge for the year
384
688
1,072
At 31 May 2023
896
5,871
6,767
At 31 May 2023
1,151
2,754
3,905
At 31 May 2022
1,535
3,442
4,977
Amounts falling due within one year
Other debtors
47,854
9,626
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,735
-
Taxes and social security
23,579
16,228
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
4,813
19,114
-
23,927
Loan to director
4,813
19,114
-
23,927
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).