Micro-entity Accounts - ABERCORN BAR LTD

NI058507 ABERCORN BAR LTD 2017-03-31 false 2016-04-01 2017-03-31 true NI058507 2016-04-01 2017-03-31 NI058507 2017-03-31 NI058507 2016-03-31 NI058507 uk-gaap-cd-bus:Director1 2016-04-01 2017-03-31 NI058507 uk-gaap-cd-bus:Director2 2016-04-01 2017-03-31 NI058507 uk-gaap-cd-bus:AllEntityOfficers 2016-04-01 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-01 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP shares

Registered Number NI058507

ABERCORN BAR LTD

Micro-entity Accounts

31 March 2017

ABERCORN BAR LTD Registered Number NI058507

Micro-entity Balance Sheet as at 31 March 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	698,738	698,738
		698,738	698,738
Current assets
Stocks		13,000	13,000
Debtors		89	1,367
Cash at bank and in hand		110,745	10,263
		123,834	24,630
Creditors: amounts falling due within one year		(432,038)	(420,720)
Net current assets (liabilities)		(308,204)	(396,090)
Total assets less current liabilities		390,534	302,648
Creditors: amounts falling due after more than one year		(124,531)	(37,870)
Total net assets (liabilities)		266,003	264,778
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		265,903	264,678
Shareholders' funds		266,003	264,778

For the year ending 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2017

And signed on their behalf by:
Edmund McCallion, Director
Daniel McCallion, Director

ABERCORN BAR LTD Registered Number NI058507

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Tangible fixed assets

	£
Cost
At 1 April 2016	877,565
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2017	877,565
Depreciation
At 1 April 2016	178,827
Charge for the year	-
On disposals	-
At 31 March 2017	178,827
Net book values
At 31 March 2017	698,738
At 31 March 2016	698,738

2Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
100 Ordinary shares of £1 each	100	100

3Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: -

Fittings fixtures and equipment - 20% Straight Line
Motor Vehicles - 25% Straight Line

Other accounting policies
There were no related party transactions in the year under review.

The ultimate control of the company rests with the directors.