Abbey Lodge Properties Limited

Abbey Lodge Properties Limited
Contents Page
For the year ended 30 May 2017

Accountants' Report
Statement of Financial Position
Notes to the Financial Statements

Abbey Lodge Properties Limited Accountants' Report For the year ended 30 May 2017
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 May 2017 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. .................................................... Chawton Hector 14 Grafton Road Roade NN7 2NQ 08 January 2018 1

Abbey Lodge Properties Limited
Accountants' Report
For the year ended 30 May 2017

As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 May 2017 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

....................................................
Chawton Hector
14 Grafton Road
Roade
NN7 2NQ

08 January 2018

1

Abbey Lodge Properties Limited
Statement of Financial Position
As at 30 May 2017

	Notes	2017 £	2016 £
Fixed assets
Tangible fixed assets	2	130,261	130,307
		130,261	130,307
Current assets
Debtors		82,455	48,637
Cash at bank and in hand		1	2,549
		82,456	51,186
Creditors: amount falling due within one year		(54,855)	(21,752)
Net current assets		27,601	29,434

Total assets less current liabilities		157,862	159,741
Creditors: amount falling due after more than one year		(75,791)	(89,718)
Net assets		82,071	70,023

Capital and reserves
Called up share capital	3	1	1
Profit and loss account		82,070	70,022
Shareholders funds		82,071	70,023

For the year ended 30 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts.

Signed on behalf of the board of directors

--------------------------------
Kelys Herbert
Director

Date approved by the board: 08 January 2018

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Abbey Lodge Properties Limited
Notes to the Abridged Financial Statements
For the year ended 30 May 2017

Statutory Information

Abbey Lodge Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04753415.

The presentation currency is £ sterling.

1.

Accounting Policies

Basis of accounting

The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A small entities. There were no material departures from that standard.

Turnover

Turnover comprises rents receivable by the company.

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Tangible fixed assets
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:

Plant and Machinery

15% Reducing Balance

2.

Tangible fixed assets

Cost or Valuation	Land and Buildings	Plant and Machinery	Total
	£	£	£
At 31 May 2016	130,000	500	130,500
Additions	-	-	-
Disposals	-	-	-
At 30 May 2017	130,000	500	130,500
Depreciation
At 31 May 2016	-	193	193
Charge for year	-	46	46
On disposals	-	-	-
At 30 May 2017	-	239	239
Net book values
Closing balance as at 30 May 2017	130,000	261	130,261
Opening balance as at 31 May 2016	130,000	307	130,307

3.

Share Capital

Authorised
1 Ordinary shares of £1.00 each

Allotted	2017 £		2016 £
1 Ordinary shares of £1.00 each	1		1
	1		1

3