REGISTERED NUMBER: 06061989

Unaudited Financial Statements

for the Year Ended 31st March 2018

for

ABACUS FINANCIAL MANAGEMENT

SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

S Dad

Registered office:

3 Shelly Road

High Wycombe

Buckinghamshire

HP11 2UP

Registered number:

06061989

Accountants:

S G Beale and Co

Chartered Accountants

3 Redman Court

Bell Street

Princes Risborough

Buckinghamshire

HP27 0AA

FIXED ASSETS

1,825,000

Investment property

3

3,510,000

CURRENT ASSETS

657,793

Debtors

4

277,110

12,110

Cash at bank

10,930

669,903

288,040

CREDITORS

123,621

Amounts falling due within one year

5

124,572

546,282

NET CURRENT ASSETS

163,468

2,371,282

TOTAL ASSETS LESS CURRENT LIABILITIES

3,673,468

CREDITORS

(1,399,340

)

Amounts falling due after more than one year

6

(2,633,090

)

(167,121

)

PROVISIONS FOR LIABILITIES

(158,765

)

804,821

NET ASSETS

881,613

CAPITAL AND RESERVES

100

Called up share capital

100

860,274

Revaluation reserve

8

935,598

(55,553

)

Retained earnings

(54,085

)

804,821

SHAREHOLDERS' FUNDS

881,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 18th December 2018 and were signed by:

S Dad - Director

1.	STATUTORY INFORMATION

Abacus Financial Management Services 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 as modified by the revaluation of certain assets.

Turnover

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

value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

3.	INVESTMENT PROPERTY

Total

£

Fair value

At 1st April 2017

1,825,000

Additions

1,618,032

Revaluations

66,968

At 31st March 2018

3,510,000

Net book value

At 31st March 2018

3,510,000

At 31st March 2017

1,825,000

Fair value at 31st March 2018 is represented by:

£

Valuation in 2017

1,825,000

Valuation in 2018

1,685,000

3,510,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Loan account: DNA Money

Limited

7,500

7,500

Loan Account : S Dad Limited

269,610

650,293

277,110

657,793

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Loan Account : Isotope

Medical Limited

116,560

116,760

Directors' current accounts

595

595

Accruals and deferred income

7,417

6,266

124,572

123,621

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other loans more 5yrs non-inst

2,633,090

1,399,340

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

2,633,090

1,399,340

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Other loans

2,633,090

1,399,340

8.

RESERVES

Revaluation

reserve

£

At 1st April 2017

860,274

freehold property revaluation

surplus net of tax

75,324

At 31st March 2018

935,598

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S Dad.