REGISTERED NUMBER: 06310622 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2012

for

Abie Air Con Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Noy

A Doron

SECRETARY:

S Noy

REGISTERED OFFICE:

18 Parson Street

London

NW4 1QB

REGISTERED NUMBER:

06310622 (England and Wales)

ACCOUNTANTS:

CAAS

Chartered Accountants

Suite 203, 2nd Floor

China House

401 Edgware Road

London

NW2 6GY

FIXED ASSETS

Investment property

2

-

519,534

CURRENT ASSETS

Cash at bank

401,411

15,841

CREDITORS

Amounts falling due within one year

3

8,450

1,560

NET CURRENT ASSETS

392,961

14,281

TOTAL ASSETS LESS CURRENT LIABILITIES

392,961

533,815

CREDITORS

Amounts falling due after more than one year

3

392,322

567,115

NET ASSETS/(LIABILITIES)

639

(33,300

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

637

(33,302

)

SHAREHOLDERS' FUNDS

639

(33,300

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2012 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 April 2013 and were signed on its behalf by:

A Doron - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Investment property

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

market value is transferred to a revaluation reserve.

In accordance with the Financial Reporting Standard for Small Entities (effective April 2008) ('FRSSE')

investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation

reserve. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However this requirement conflicts with the

generally accepted accounting principle set out in the FRSSE. The director considers that because the property is

not held for consumption but for its investment potential, to depreciate it would not give true and fair view, and

that is necessary to adopt the FRSSE in order to give true and fair view. Depreciation is only one of the many

factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be

separately identified or quantified.

Deferred tax

Deferred tax is accounted for on an undiscounted basis at expected tax rates on all differences arising from the

inclusion of items of income and expenditure in taxation computations in periods different from those in which

they are included in the financial statements. A deferred tax asset is only recognised when it is more likely than

not that the asset will be recoverable in the foreseeable future out of suitable taxable profits from which the

underlying timing differences can be deducted.

Provisions and accruals

Provisions are recognised when there is a present legal or constructive obligation as a result of past events and

the amount can be reliably estimated. Provisions are not recognised for future operating losses.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2012

519,534

Disposals

(519,534

)

At 31 December 2012

-

NET BOOK VALUE

At 31 December 2012

-

At 31 December 2011

519,534

3.

CREDITORS

Creditors include an amount of £ 0 (31.12.11 - £ 226,294 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.12.12

31.12.11

£

£

Repayable otherwise than by instalments

-

226,294

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.12

31.12.11

value:

£

£

2

Ordinary

£1

2

2

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £34,000 were paid to the directors .

Steve Noy & Abie Doron

The Directors

31.12.12

31.12.11

£

£

Amount due to related party at the balance sheet date

392,322

340,821

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Steve Noy & Abie Doron.