Registration number:
Abode Property Management Holdings Limited
for the Year Ended 31 May 2020
Abode Property Management Holdings Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Abode Property Management Holdings Limited
(Registration number: 11592324)
Balance Sheet as at 31 May 2020
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2020 |
2019 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Shareholders' funds |
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For the financial year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Director
Abode Property Management Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Group accounts not prepared
Going concern
In light of the rapid global spread of the Coronavirus "COVID-19" in early 2020, the directors have reviewed and stress tested projections and budgets for the next twelve months. Following this review, the directors consider there to be little impact on the Company's ability to act as a going concern and that the Company has adequate resources in place to continue trading for the next twelve months.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Dividends arising on equity shares held are recognised in income when receivable.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Abode Property Management Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2020
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year was
Investments |
2020 |
2019 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 June 2019 |
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Carrying amount |
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At 31 May 2020 |
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At 31 May 2019 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2020 |
2019 |
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Subsidiary undertakings |
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Freshford House
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Abode Property Management Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2020
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held 2020 |
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Sub - subsidiary undertakings |
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Jubilee Property (UK) Ltd |
Freshford House Redcliffe Way Bristol BS1 6NL England |
Ordinary |
100% |
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Kingsley Thomas Limited |
Freshford House Redcliffe Way Bristol BS1 6NL England |
Ordinary |
100% |
Subsidiary undertakings |
Abode Property Management Limited The principal activity of Abode Property Management Limited is |
Sub - subsidiary undertakings
Jubilee Property (UK) Ltd
The principal activity of Jubilee Property (UK) Ltd was that of a dormant company.
Kingsley Thomas Limited
The principal activity of Kingsley Thomas Limited is that of a lettings agency.
Debtors |
2020 |
2019 |
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Amounts owed by related parties |
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Creditors |
Creditors: amounts falling due within one year
Note |
2020 |
2019 |
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Due within one year |
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Amounts owed to group undertakings |
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Abode Property Management Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2020
Related party transactions |
The company has taken advantage of the exemption under FRS 102 1A to not disclose related party transactions with wholly owned members of the group.
Loans to related parties
2020 |
Key management |
Total |
At start of period |
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At end of period |
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2019 |
Key management |
Total |
Advanced |
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At end of period |
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Terms of loans to related parties