REGISTERED NUMBER: 02091908

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abidan Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Wride

G Wride

REGISTERED OFFICE:

2 Brean Down Avenue

Weston-super-Mare

North Somerset

BS23 4JH

REGISTERED NUMBER:

02091908

ACCOUNTANTS:

Atkins & Co Chartered Accountants

7 Morston Court

Aisecombe Way

Weston Super Mare

Somerset

BS22 8NG

FIXED ASSETS

Tangible assets

4

1,880,078

1,880,148

CURRENT ASSETS

Cash at bank

17,639

16,252

CREDITORS

Amounts falling due within one year

5

32,184

34,231

NET CURRENT LIABILITIES

(14,545

)

(17,979

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,865,533

1,862,169

CREDITORS

Amounts falling due after more than one year

6

-

63,183

NET ASSETS

1,865,533

1,798,986

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

734,121

734,121

Retained earnings

1,131,312

1,064,765

SHAREHOLDERS' FUNDS

1,865,533

1,798,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 December 2017 and were signed on its behalf by:

G Wride - Director

1.	STATUTORY INFORMATION

Abidan Properties Limited is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

10% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

1,879,444

3,420

1,882,864

DEPRECIATION

At 1 April 2016

-

2,716

2,716

Charge for year

-

70

70

At 31 March 2017

-

2,786

2,786

NET BOOK VALUE

At 31 March 2017

1,879,444

634

1,880,078

At 31 March 2016

1,879,444

704

1,880,148

Included in cost of land and buildings is freehold land of £ 1,879,444 (2016 - £ 1,879,444 ) which is not

depreciated.

The company's freehold properties are shown at the most recent valuations. Any aggregate surplus or deficit

arising from changes in the market value is transferred to a fair value reserve.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

25,395

25,801

Other creditors

6,789

8,430

32,184

34,231

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

-

63,183

7.

RESERVES

Fair

value

reserve

£

At 1 April 2016

and 31 March 2017

734,121