IRIS Accounts Production v17.3.0.1062 05034178 director 29.2.16 28.2.17 28.2.17 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure050341782016-02-28050341782017-02-28050341782016-02-292017-02-28050341782015-02-28050341782015-03-012016-02-28050341782016-02-2805034178ns15:EnglandWales2016-02-292017-02-2805034178ns14:PoundSterling2016-02-292017-02-2805034178ns10:Director12016-02-292017-02-2805034178ns10:PrivateLimitedCompanyLtd2016-02-292017-02-2805034178ns10:SmallEntities2016-02-292017-02-2805034178ns10:AuditExempt-NoAccountantsReport2016-02-292017-02-2805034178ns10:SmallCompaniesRegimeForDirectorsReport2016-02-292017-02-2805034178ns10:SmallCompaniesRegimeForAccounts2016-02-292017-02-2805034178ns10:AbridgedAccounts2016-02-292017-02-2805034178ns10:RegisteredOffice2016-02-292017-02-2805034178ns5:CurrentFinancialInstruments2017-02-2805034178ns5:CurrentFinancialInstruments2016-02-2805034178ns5:Non-currentFinancialInstruments2017-02-2805034178ns5:Non-currentFinancialInstruments2016-02-2805034178ns5:ShareCapital2017-02-2805034178ns5:ShareCapital2016-02-2805034178ns5:RetainedEarningsAccumulatedLosses2017-02-2805034178ns5:RetainedEarningsAccumulatedLosses2016-02-2805034178ns5:PlantMachinery2016-02-292017-02-2805034178ns5:ComputerEquipment2016-02-292017-02-2805034178ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2017-02-2805034178ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2016-02-2805034178ns5:Secured2017-02-2805034178ns5:Secured2016-02-28


REGISTERED NUMBER: 05034178 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

ABBOTT PROPERTY DEVELOPMENTS LIMITED
ABBOTT PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05034178)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


ABBOTT PROPERTY DEVELOPMENTS LIMITED

COMPANY INFORMATION
For The Year Ended 28 February 2017







DIRECTOR: J H Abbott



REGISTERED OFFICE: APD House
The Old Coal Yard
Burton Street
Leek
Staffordshire
ST13 8BU



REGISTERED NUMBER: 05034178 (England and Wales)



ACCOUNTANTS: Drabble & Co
Chartered Certified Accountants
1 Wellington Road
Bollington
Macclesfield
Cheshire
SK10 5JR



BANKERS: Barclays Bank Plc
83 Haywood Street
Leek
Staffordshire
ST13 5JN
Page 1
ABBOTT PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05034178)

ABRIDGED BALANCE SHEET
28 February 2017

28.2.17 28.2.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 27,840 1,596
Investment property 6 75,805 75,805
103,645 77,401

CURRENT ASSETS
Stocks 40,500 33,000
Debtors 11,190 4,716
Cash at bank 111,022 53,760
162,712 91,476
CREDITORS
Amounts falling due within one year 118,709 85,796
NET CURRENT ASSETS 44,003 5,680
TOTAL ASSETS LESS CURRENT
LIABILITIES
147,648
83,081

CREDITORS
Amounts falling due after more than one year 7 98,564 82,879
NET ASSETS 49,084 202

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 49,082 200
SHAREHOLDERS' FUNDS 49,084 202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 November 2017 and were signed by:




J H Abbott - Director


The notes form part of these financial statements

Page 2
ABBOTT PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05034178)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2017

1. STATUTORY INFORMATION

Abbott Property Developments Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing
stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over
their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future
payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

Page 3 continued...
ABBOTT PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05034178)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2017

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 29 February 2016 9,256
Additions 35,549
At 28 February 2017 44,805
DEPRECIATION
At 29 February 2016 7,660
Charge for year 9,305
At 28 February 2017 16,965
NET BOOK VALUE
At 28 February 2017 27,840
At 28 February 2016 1,596

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 February 2016
and 28 February 2017 75,805
NET BOOK VALUE
At 28 February 2017 75,805
At 28 February 2016 75,805

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
28.2.17 28.2.16
£    £   
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 83,347 82,879

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.17 28.2.16
£    £   
Other loans 83,347 82,879

The loan is secured by a charge on the investment property.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J H Abbott.

Page 4