REGISTERED NUMBER: 03381118 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

Abbeyland Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R J Murphy

SECRETARY:

Mrs E J Murphy

REGISTERED OFFICE:

215 Tyburn Road

Erdington

Birmingham

West Midlands

B24 8NB

REGISTERED NUMBER:

03381118 (England and Wales)

ACCOUNTANTS:

Locke Williams Associates LLP

Chartered Accountants

Blackthorn House

St Pauls Square

Birmingham

West Midlands

B3 1RL

FIXED ASSETS

Tangible assets

2

14

41

Investments

3

1,355,037

1,257,642

Investment property

4

2,640,345

3,535,000

3,995,396

4,792,683

CURRENT ASSETS

Debtors

5

375,003

532,955

Cash at bank and in hand

101

244,114

375,104

777,069

CREDITORS

Amounts falling due within one year

6

828,636

1,323,735

NET CURRENT LIABILITIES

(453,532

)

(546,666

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,541,864

4,246,017

CREDITORS

Amounts falling due after more than one year

6

1,654,316

2,325,034

NET ASSETS

1,887,548

1,920,983

CAPITAL AND RESERVES

Called up share capital

7

166

166

Share premium

879,900

879,900

Revaluation reserve

396,509

483,602

Profit and loss account

610,973

557,315

SHAREHOLDERS' FUNDS

1,887,548

1,920,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23 April 2015 and were signed by:

R J Murphy - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a 'going concern' basis which assumes that the company is able to

meet its financial commitments as they fall due. Should the company not be able to finance its

short-term liabilities from existing working capital resources or funds realised from the sale of assets

this assumption would not be appropriate.

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Abbeyland Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the

option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

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.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

21,536

DEPRECIATION

At 1 July 2013

21,495

Charge for year

27

At 30 June 2014

21,522

NET BOOK VALUE

At 30 June 2014

14

At 30 June 2013

41

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2013

4,046,178

Additions

1

Disposals

(1,702,402

)

At 30 June 2014

2,343,777

PROVISIONS

At 1 July 2013

3,482,402

Eliminated on disposal

(1,702,402

)

At 30 June 2014

1,780,000

NET BOOK VALUE

At 30 June 2014

563,777

At 30 June 2013

563,776

The company's investments at the balance sheet date in the share capital of companies include the

following:

Eyrecourt Properties Limited

Country of incorporation: England

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

30.6.14

30.6.13

£

£

Aggregate capital and reserves

10,000

10,000

Abbeyland Investments was dissolved and struck off on 18 February 2014.

Baranda SL

Country of incorporation: Spain

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

30.6.14

30.6.13

£

£

Aggregate capital and reserves

704,839

704,839

Roombid Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

Loans

£

At 1 July 2013

693,866

Additions

97,394

At 30 June 2014

791,260

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 July 2013

3,535,000

Disposals

(840,000

)

Revaluations

(54,655

)

At 30 June 2014

2,640,345

NET BOOK VALUE

At 30 June 2014

2,640,345

At 30 June 2013

3,535,000

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (30.6.13 - £ 100,747 )

6.

CREDITORS

Creditors include an amount of £ 1,550,580 (30.6.13 - £ 2,045,000 ) for which security has been given.

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

30.6.14

30.6.13

£

£

Repayable otherwise than by instalments

34

34

Repayable by instalments

1,219,870

1,275,000

1,219,904

1,275,034

Details of shares shown as liabilities are as follows:

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

34

"B" Ordinary

£1

34

34

The holders of "B" Ordinary shares are entitled in each year to a cumulative preferential dividend per

share equal to 5% of the net asset value of the company and its subsidiary undertakings divided by the

number of shares in the capital of the company then in issue.

In accordance with FRS 25 the Redeemable Preference Shares have been classified as a long term

liability.

On a return of capital on liquidation or otherwise the assets of the company available for distribution

among the members are to be applied first in paying to the holders of "B" Ordinary shares a sum equal

to any arrears of the cumulative preferential dividend due, secondly in paying to the holders of the

Ordinary shares an amount per share equal to the amount paid in respect of each of the "B" Ordinary

shares and thirdly in distributing the balance, if any, among the holders of the Ordinary shares and the

"B" Ordinary shares pari passu as if the same constituted one class of share. In all other respects the

two classes of shares rank pari passu.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

166

Ordinary

£1

166

166

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2014 and

30 June 2013:

30.6.14

30.6.13

£

£

R J Murphy

Balance outstanding at start of year

(68,727

)

415,030

Amounts advanced

246,037

352,516

Amounts repaid

(213,543

)

(836,273

)

Balance outstanding at end of year

(36,233

)

(68,727

)