Abel Homes Limited

Construction of domestic buildings · Thetford

ActiveUnited KingdomIncorporated 1987Private Limited Company

Financial position

Accounts to 2025-12-31 · GBP · Company accounts

Net assets

£24,685,568

Cash

£863,633

Turnover

£36,643,718

Profit / loss

£1,476,374

Current assets

£46,254,896

Creditors < 1 year

£18,853,011

Equity

£24,685,568

Average employees

Balance-sheet trend

GBP · company

Financial statements

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

2 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures	2025-12-3112 months · Company · AI-read	2024-12-31Company · AI-read
Balance sheet
Net assets	£24,685,568	£23,546,694
Equity	£24,685,568	£23,546,694
Share capital	£2	£2
Retained earnings	£24,685,566	£23,546,692
Assets
Fixed assets	£843,443	£836,346
Property, plant & equipment	£843,443	£836,346
Current assets	£46,254,896	£49,733,198
Cash at bank	£863,633	£1,366,473
Debtors	£820,689	£3,283,582
Stock	£44,570,574	£45,083,143
Liabilities
Creditors within one year	£18,853,011	£19,467,948
Creditors after one year	£3,408,280	£7,387,662
Bank loans & overdrafts	£7,100,000	£8,381,918
Provisions	£151,480	£167,240
Net current assets	£27,401,885	£30,265,250
Assets less current liabilities	£28,245,328	£31,101,596
Profit & loss
Turnover	£36,643,718	£27,055,751
Cost of sales	£30,333,318	£21,056,310
Gross profit	£6,310,400	£5,999,441
Administrative expenses	£3,313,195	£3,083,065
Other operating income	£3,512	£786
Operating profit	£3,000,717	£2,917,162
Interest receivable	£7,394	£52,053
Interest payable	£1,045,199	£592,177
Profit before tax	£1,962,912	£2,377,038
Tax	£486,538	£615,313
Profit / loss	£1,476,374	£1,761,725
Operating costs
Audit fees	£12,650	£12,495
People & pay
Average employees	47	44
Staff costs	£3,158,243	£2,891,438
Wages & salaries	£2,684,058	£2,505,447
Social security costs	£365,610	£289,542
Pension costs	£108,575	£96,449
Directors' remuneration	£784,815	£693,900
Highest paid director	£336,248	£356,178
Source evidence	View filing	View filing

From the accounts

What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.

Principal activity: The Company's principal activity is property dealing and property development.
What it does: property dealing · property development · house building · land development · site acquisitions (AI keywords)
The year: The Company achieved a satisfactory set of results in 2025 despite more challenging trading conditions arising from wider economic uncertainty.
Outlook: Through selective site acquisitions and successful self-promotion of land through local development plans the company remains well positioned to continue its growth ambitions in the coming years. Land opportunities have been carefully chosen to support development in sustainable, high quality and popular locations across Norfolk. Our future growth plans will continue to be managed prudently in line with market conditions, with disciplined financial control maintained to support satisfactory returns.
Auditor: Larking Gowen LLP · senior statutory auditor Anders Rasmussen FCA
Audit opinion: Clean (unmodified)
Immediate parent: Abel Holdings (Norfolk) Limited
Ultimate controlling party: A N Abel & M G Abel (husband and wife)
Accounts: FRS 102
Approved: 2026-07-24, signed by A N Abel, P M LeGrice

Turnover by segment (2)

property dealing and property development: 36,643,718 (2025-12-31)
United Kingdom: 36,643,718 (2025-12-31)

Related parties (8)

directors · Directors · loan accounts owed by the Company · £24,332
directors · Directors · interest paid on a directors' loan · £1,348
directors · Directors · loan accounts owed to the Company · £3,586
company under common control · Company under common control · outstanding loan agreements · £3,376,617
company with a common director · Company with a common director · balance owed within other debtors · £3,604
company under common control · Company under common control · renovation work at Neaton Business Park · £80,512
company under common control · Company under common control · management charges for services provided · £63,464
company under common control · Company under common control · rent charged for part of Neaton Business Park · £54,250

Borrowings (2)

Bank loan · £7,100,000 · secured on secured by way of a first legal charge over the development site to which it relates
Outstanding loan agreements · from a company under common control · £3,376,617 · 7.58% on a fixed rate basis (2024 – 3.25–3.55% above the Bank of England base rate)

Associates & joint ventures (1)

Abel Properties Limited · associate

Directors' report (5)

A N Abel
M G Abel
C A Abel
N F Bartram
P M LeGrice

Share classes (2)

200 Ordinary of £0.01 each
11 Growth of £0.01 each

Principal risks (2)

Housing market
Liquidity

Contingent liabilities (5)

The Company has provided bonds of £3,491,008 to Norfolk County Council in respect of various sites.
The Company also provided bonds in favour of Anglian Water of £496,951 in respect of various sites.
The Company has also provided a bond in the favour of NHBC of £100,000.
All of the above bonds would become payable following any default on the conditions of the bonds.
The Company has an Omnibus Guarantee and set off agreement with Abel Properties Limited, an associate company, secured on the Company's assets. The overdraft and loan of Abel Properties Limited at 31 December 2025 were £4,337,722.

Secured borrowing

Registered charges, lenders and security interests.

Charges and related records

7 outstanding charges

Lloyds Bank PLC

Fixed · created 2024-11-18

—

Outstanding

Kate Alice Paul, Sam James Watkinson, David Edward Brown

Fixed · created 2024-11-11

—

Outstanding

Lloyds Bank PLC

Floating · created 2023-06-16

—

Outstanding

Lloyds Bank PLC

Floating · created 2023-02-23

—

Outstanding

Lloyds Bank PLC

Floating · created 2020-07-20

—

Outstanding

Lloyds Tsb Bank PLC

All Assets · created 2012-01-30

All monies

Outstanding

Lloyds Tsb Bank PLC

Unknown · created 2012-01-30

All monies

Outstanding

Show 46 satisfied / released

Lloyds Bank PLC

Floating · created 2023-10-31 · satisfied 2025-08-26

—

Satisfied

Lloyds Bank PLC

Floating · created 2022-09-23 · satisfied 2023-12-04

—

Satisfied

Mountleigh (Dereham) Limited, Carole Margaret Pratt, Catherine Ruth Pratt, Mary Louise Pratt

Property · created 2021-04-27 · satisfied 2022-11-01

—

Satisfied

Lloyds Bank PLC

Floating · created 2019-11-11 · satisfied 2021-03-31

—

Satisfied

Richard Eric Betts, David John Draper

Property · created 2019-04-30 · satisfied 2025-01-31

—

Satisfied

Lloyds Bank PLC

Floating · created 2018-08-06 · satisfied 2022-03-07

—

Satisfied

Lloyds Bank PLC

Floating · created 2017-11-03 · satisfied 2022-02-02

—

Satisfied

Lloyds Bank PLC

Floating · created 2016-12-20 · satisfied 2019-07-31

—

Satisfied

Lloyds Bank PLC

Fixed · created 2016-04-13 · satisfied 2022-02-02

—

Satisfied

Lloyds Bank PLC

Floating · created 2015-11-18 · satisfied 2017-12-07

—

Satisfied

Lloyds Bank PLC

Floating · created 2014-11-28 · satisfied 2025-06-09

—

Satisfied

Lloyds Bank PLC

Floating · created 2014-04-08 · satisfied 2017-12-07

—

Satisfied

Lloyds Tsb Bank PLC

Floating · created 2013-08-15 · satisfied 2017-12-07

—

Satisfied

Lloyds Tsb Bank PLC

Floating · created 2012-10-26 · satisfied 2017-12-07

All monies

Satisfied

The Norwich Diocesan Board Of Finance Limited

Property · created 2012-10-04 · satisfied 2017-12-07

All monies

Satisfied

Lloyds Tsb Bank PLC