Abbey Property Solutions Limited,Ltd - AccountsLtd

As at 31 March 2017

Abbey Property Solutions Limited

Statement of Financial Position

Registered Number :

04816322

2016

2017

Notes

Fixed assets

Property, plant and equipment

269,428

271,692

269,428

271,692

Current assets

Trade and other receivables

5,186

35,893

1,852

Cash and cash equivalents

7,829

43,722

7,038

Trade and other payables: amounts falling due within one

year

(14,814)

(21,571)

(7,776)

22,151

Net current assets

Total assets less current liabilities

291,579

263,916

Trade and other payables: amounts falling due after more

than one year

(220,484)

(228,035)

(2,855)

(3,283)

Provisions for liabilities

60,689

Net assets

40,149

Capital and reserves

Called up share capital

100

Retained earnings

60,589

40,049

60,689

40,149

Shareholders' funds

For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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.

Faruk Yakoob Patel Director

These financial statements were approved and authorised for issue by the Board on 30 December 2017 and were signed by:

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For the year ended 31 March 2017

Abbey Property Solutions Limited

Notes to the Financial Statements

Statutory Information

Abbey Property Solutions Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 04816322.

Registered address:

1st Floor, Abbey House

270 - 272 Lever Street

Bolton

BL3 6PD

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

10 Straight line

Fixtures and fittings

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

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For the year ended 31 March 2017

Abbey Property Solutions Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Fixtures and

fittings

Land and

buildings

Cost or

valuation

At 01 April 2016

277,217

22,648

254,569

At 31 March 2017

254,569

22,648

277,217

Provision for depreciation and impairment

At 01 April 2016

5,525

Charge for year

2,264

At 31 March 2017

7,789

At 31 March 2017

Net book value

254,569

14,859

269,428

At 31 March 2016

254,569

17,123

271,692

3. Trade and other receivables

2016

2017

Trade debtors

8,403

4,965

Other debtors

27,490

221

5,186

35,893

The debtors above include the following amounts falling due after more than one year:

Other debtors

27,274

4. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft (secured)

14,712

6,478

Trade creditors

3,227

3,482

Taxation and social security

1,305

1,227

Other creditors

2,327

3,627

21,571

14,814

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