REGISTERED NUMBER: 04753415 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MAY 2018

FOR

ABBEY LODGE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Herbert

REGISTERED OFFICE:

30 Watersmeet

Northampton

NN1 5SG

REGISTERED NUMBER:

04753415 (England and Wales)

ACCOUNTANTS:

Jervis & Partners

Cranford Terrace

30 Harborough Road

Northampton

Northamptonshire

NN2 7AZ

FIXED ASSETS

Tangible assets

4

-

130,261

CURRENT ASSETS

Debtors

5

81,414

82,455

Cash in hand

34

1

81,448

82,456

CREDITORS

Amounts falling due within one year

6

10,245

130,646

NET CURRENT ASSETS/(LIABILITIES)

71,203

(48,190

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,203

82,071

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

71,202

82,070

SHAREHOLDERS' FUNDS

71,203

82,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2018 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 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 director on 22 October 2018 and were signed by:

K Herbert - Director

1.	STATUTORY INFORMATION

Abbey Lodge Properties 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.

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.

Plant and machinery etc

-

15% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 31 May 2017

130,000

500

130,500

Disposals

(130,000

)

(500

)

(130,500

)

At 30 May 2018

-

-

-

DEPRECIATION

At 31 May 2017

-

239

239

Eliminated on disposal

-

(239

)

(239

)

At 30 May 2018

-

-

-

NET BOOK VALUE

At 30 May 2018

-

-

-

At 30 May 2017

130,000

261

130,261

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

1,750

Other debtors

81,414

80,705

81,414

82,455

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

13,336

Taxation and social security

7,745

5,687

Other creditors

2,500

111,623

10,245

130,646

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 May 2018 and

30 May 2017:

2018

2017

£

£

K Herbert

Balance outstanding at start of year

(34,992

)

(34,992

)

Amounts advanced

187,182

-

Amounts repaid

(136,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,190

(34,992

)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is K Herbert.

The ultimate controlling party is K Herbert.