Company registration number SC736155 (Scotland)
ABH Commercial Limited
Unaudited financial statements
for the period ended 31 March 2023
Pages for filing with registrar
ABH Commercial Limited
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of ABH Commercial Limited
1
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ABH Commercial Limited for the period ended 31 March 2023 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
This report is made solely to the Board of Directors of ABH Commercial Limited, as a body, in accordance with the terms of our engagement letter dated 14 October 2022. Our work has been undertaken solely to prepare for your approval the financial statements of ABH Commercial Limited and state those matters that we have agreed to state to the Board of Directors of ABH Commercial Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABH Commercial Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that ABH Commercial Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ABH Commercial Limited. You consider that ABH Commercial Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of ABH Commercial Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
James Milne
Chartered Accountants
Rosewood
Raemoir Road
Banchory
AB31 4ET
21 December 2023
ABH Commercial Limited
Statement of financial position
as at 31 March 2023
31 March 2023
2
2023
Notes
£
£
Fixed assets
Investment properties
362,865
Current assets
Debtors
19,211
Creditors: amounts falling due within one year
(382,699)
Net current liabilities
(363,488)
Net liabilities
(623)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(723)
Total equity
(623)
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 December 2023 and are signed on its behalf by:
Alan W. Buchan
Director
Company Registration No. SC736155
ABH Commercial Limited
Notes to the financial statements
for the period ended 31 March 2023
3
1
Accounting policies
Company information
ABH Commercial Limited is a private company limited by shares incorporated in Scotland. The registered office is Rosewood, Raemoir Road, Banchory, AB31 4ET.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.