ABEL HOMES LIMITED

1. ABEL HOMES LIMITED 2007-07-17 → present
2. ABEL DEVELOPMENTS LIMITED 1987-01-06 → 2007-07-17

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Larking Gowen LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “The imposition of Nutrient Neutrality requirements by Natural England across the majority of Norfolk has stifled new site starts across the county and represents a significant risk to housing delivery.”
• “There is increasing concern across the housebuilding sector with regards to infrastructure capacity generally, but in particular foul water networks caused by a historic failure to invest in our water infrastructure.”
• “Whilst the Company currently has a sufficient land bank to meet its medium-term objectives the continued availability of land at satisfactory prices remains key to ensure the company's longer-term objectives.”
• “Red tape and substantial delays incurred within the planning process provide a significant risk to the industry as a whole.”
• “The increased level of development within the UK has led to a well publicised shortage of skilled workers in many trades.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +15.5%

  £23,416,321 → £27,055,751

• Cash

  -36%

  £2,134,566 → £1,366,473

• Net assets

  +6.8%

  £22,054,969 → £23,546,694

• Employees

  +7.3%

  41 → 44

• Operating profit

  +10.5%

  £2,639,730 → £2,917,162

• Profit before tax

  -6.8%

  £2,549,307 → £2,377,038

• Wages

  +6%

  £2,363,445 → £2,505,447

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers