REGISTERED NUMBER: 01673144 (England and Wales)

Financial Statements

for the Year Ended 30 September 2017

for

Abadine Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Durbridge

M Durbridge

REGISTERED OFFICE:

James House

153 Grosvenor Road

Aldershot

Hampshire

GU11 3EF

BUSINESS ADDRESS:

The Triangle

Birchett Road

Aldershot

Hampshire

GU11 1LS

REGISTERED NUMBER:

01673144 (England and Wales)

ACCOUNTANTS:

Perrin & Co

James House

153 Grosvenor Road

Aldershot

Hampshire

GU11 3EF

FIXED ASSETS

Tangible assets

4

10,752

14,336

Investment property

5

2,150,000

1,065,289

2,160,752

1,079,625

CURRENT ASSETS

Debtors

6

25,214

2,602

Cash at bank

728,171

602,821

753,385

605,423

CREDITORS

Amounts falling due within one year

7

37,308

51,292

NET CURRENT ASSETS

716,077

554,131

TOTAL ASSETS LESS CURRENT LIABILITIES

2,876,829

1,633,756

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

8

1,160,395

-

Retained earnings

1,715,434

1,632,756

SHAREHOLDERS' FUNDS

2,876,829

1,633,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 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 Board of Directors on 31 March 2018 and were signed on its behalf by:

P Durbridge - Director

1.	STATUTORY INFORMATION

Abadine 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.	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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

and 30 September 2017

41,852

DEPRECIATION

At 1 October 2016

27,516

Charge for year

3,584

At 30 September 2017

31,100

NET BOOK VALUE

At 30 September 2017

10,752

At 30 September 2016

14,336

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2016

1,065,289

Disposals

(75,684

)

Revaluations

1,160,395

At 30 September 2017

2,150,000

NET BOOK VALUE

At 30 September 2017

2,150,000

At 30 September 2016

1,065,289

Fair value at 30 September 2017 is represented by:

£

Valuation in 2017

2,150,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

588

2,602

Other debtors

24,626

-

25,214

2,602

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Taxation and social security

28,629

44,458

Other creditors

8,679

6,834

37,308

51,292

8.

RESERVES

Fair

value

reserve

£

Revaluation reserve

1,160,395

At 30 September 2017

1,160,395

9.	RELATED PARTY DISCLOSURES