REGISTERED NUMBER: 05067876 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abbey Lodge (Sunderland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Conlon

Miss P Cowans

REGISTERED OFFICE:

115 Chester Road

Sunderland

Tyne and Wear

SR4 7HG

REGISTERED NUMBER:

05067876 (England and Wales)

ACCOUNTANTS:

Michael Adamson & Co

Chartered Certified Acc'ts

115 Chester Road

Sunderland

SR4 7HG

FIXED ASSETS

Intangible assets

4

1,930

2,202

Property, plant and equipment

5

2,085

2,780

4,015

4,982

CURRENT ASSETS

Debtors

6

3,536

4,309

Cash at bank and in hand

4,972

5,864

8,508

10,173

CREDITORS

Amounts falling due within one year

7

10,880

11,068

NET CURRENT LIABILITIES

(2,372

)

(895

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,643

4,087

PROVISIONS FOR LIABILITIES

-

343

NET ASSETS

1,643

3,744

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,543

3,644

SHAREHOLDERS' FUNDS

1,643

3,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 December 2017 and were signed on its behalf by:

Miss P Cowans - Director

Mr G Conlon - Director

1.	STATUTORY INFORMATION

Abbey Lodge (Sunderland) 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 represents fees received in return for providing accommodation to clients

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

5,450

AMORTISATION

At 1 April 2016

3,248

Charge for year

272

At 31 March 2017

3,520

NET BOOK VALUE

At 31 March 2017

1,930

At 31 March 2016

2,202

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

24,572

DEPRECIATION

At 1 April 2016

21,792

Charge for year

695

At 31 March 2017

22,487

NET BOOK VALUE

At 31 March 2017

2,085

At 31 March 2016

2,780

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

3,536

4,309

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

1,158

2,106

Other creditors

9,722

8,962

10,880

11,068

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 March 2017 and 31 March 2016:

31.3.17

31.3.16

£

£

Mr G Conlon and Miss P Cowans

Balance outstanding at start of year

3,375

5,173

Amounts repaid

(1,947

)

(1,798

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,428

3,375