Caseware UK (AP4) 2016.0.208 2016.0.208 2017-11-302017-11-30Property Investmentfalse2016-12-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse 04020409 2016-12-01 2017-11-30 04020409 2015-12-01 2016-11-30 04020409 2017-11-30 04020409 2016-11-30 04020409 2015-12-01 04020409 c:Director1 2016-12-01 2017-11-30 04020409 d:CurrentFinancialInstruments 2017-11-30 04020409 d:CurrentFinancialInstruments 2016-11-30 04020409 d:CurrentFinancialInstruments d:WithinOneYear 2017-11-30 04020409 d:CurrentFinancialInstruments d:WithinOneYear 2016-11-30 04020409 d:ShareCapital 2017-11-30 04020409 d:ShareCapital 2016-11-30 04020409 d:ShareCapital 2015-12-01 04020409 d:RetainedEarningsAccumulatedLosses 2016-12-01 2017-11-30 04020409 d:RetainedEarningsAccumulatedLosses 2017-11-30 04020409 d:RetainedEarningsAccumulatedLosses 2015-12-01 2016-11-30 04020409 d:RetainedEarningsAccumulatedLosses 2016-11-30 04020409 d:RetainedEarningsAccumulatedLosses 2015-12-01 04020409 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-11-30 04020409 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2016-11-30 04020409 c:FRS102 2016-12-01 2017-11-30 04020409 c:AuditExempt-NoAccountantsReport 2016-12-01 2017-11-30 04020409 c:FullAccounts 2016-12-01 2017-11-30 04020409 c:PrivateLimitedCompanyLtd 2016-12-01 2017-11-30 iso4217:GBP xbrli:pure

Registered number: 04020409









ABBEY VIEW ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2017

 
ABBEY VIEW ESTATES LIMITED
REGISTERED NUMBER: 04020409

BALANCE SHEET
AS AT 30 NOVEMBER 2017

2017
2017
2016
2016
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
347,900
2,900

Cash at bank and in hand
 5 
49,299
263,299

  
397,199
266,199

Creditors: amounts falling due within one year
 6 
(63,931)
(37,970)

Net current assets
  
 
 
333,268
 
 
228,229

Total assets less current liabilities
  
333,268
228,229

  

Net assets
  
333,268
228,229

Page 1

 
ABBEY VIEW ESTATES LIMITED
REGISTERED NUMBER: 04020409
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2017

2017
2016
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 8 
333,168
228,129

  
333,268
228,229


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 July 2018.



D G Mattey
Director
The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
ABBEY VIEW ESTATES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2017


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2016
100
228,129
228,229


Comprehensive income for the year

Profit for the year
-
255,039
255,039
Total comprehensive income for the year
-
255,039
255,039

Dividends: Equity capital
-
(150,000)
(150,000)


Total transactions with owners
-
(150,000)
(150,000)


At 30 November 2017
100
333,168
333,268


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2016


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2015
100
637,564
637,664


Comprehensive income for the year

Profit for the year
-
140,565
140,565
Total comprehensive income for the year
-
140,565
140,565

Dividends: Equity capital
-
(550,000)
(550,000)


Total transactions with owners
-
(550,000)
(550,000)


At 30 November 2016
100
228,129
228,229


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
ABBEY VIEW ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017

1.


General information

Abbey View Estates Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 04020409. The address of the registered office is Lawrence House, Goodwyn Avenue, Mill Hill,London, NW7 3RH. The principle activity of the company is that of property dealing.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents the amounts received in respect of lease extensions and freehold sales.

 
2.3

Stocks

Unsold properties held for resale are stated at the lower of cost and net realisable value, Cost includes all ancillary expenses of the purchase. Sums received for lease period extensions are deducted from the original cost where the company owns the relevant freehold reversions. The value of the freehold properties carried forward is nil and the sums received from lease extensions and freehold sales are credited directly to the profit and loss account. 

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Page 4

 
ABBEY VIEW ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017

2.Accounting policies (continued)

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.7

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2016 - 2).


4.


Debtors

2017
2016
£
£


Amounts owed by group undertakings
45,000
-

Other debtors
302,900
2,900

347,900
2,900



5.


Cash and cash equivalents

2017
2016
£
£

Cash at bank and in hand
49,299
263,299

49,299
263,299


Page 5

 
ABBEY VIEW ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017

6.


Creditors: Amounts falling due within one year

2017
2016
£
£

Corporation tax
61,111
35,150

Accruals and deferred income
2,820
2,820

63,931
37,970



7.


Financial instruments

2017
2016
£
£

Financial assets


Financial assets measured at fair value through profit or loss
49,299
263,299

49,299
263,299





Financial assets measured at fair value through profit or loss comprise cash and cash equivalents.


8.


Reserves

Profit & loss account

The profit and loss account represents cumulative distributable profits and losses net of dividends and other adjustments.


9.


Related party transactions

During the year the following transactions occurred:


Loans due at 30/11/2017
£

Entities with control, joint control or significant influence over the entity
45,000
Other related parties
300,000
345,000

Page 6

 
ABBEY VIEW ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017

10.


Controlling party

The ultimate parent company is Winsyl Investments Limited, a company incorporated in England and Wales.
The ulitmate controlling party is S Mattey by virtue of his shareholding in the parent undertaking.


11.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 
and have not impacted on equity or profit or loss.

 
Page 7