ABINA ESTHER SMITH PROPERTIES LIMITED

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		1,150,000		1,150,000

			1,150,000		1,150,000
CURRENT ASSETS
Debtors		3,797		4,544
Cash at bank and in hand		14,804		4,209

		18,601		8,753
Creditors: Amounts Falling Due Within One Year		(34,189 )		(24,782 )

NET CURRENT ASSETS (LIABILITIES)			(15,588 )		(16,029 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,134,412		1,133,971

Creditors: Amounts Falling Due After More Than One Year	3		(928,187 )		(942,056 )

NET ASSETS			206,225		191,915

CAPITAL AND RESERVES
Called up share capital	4		100		100
Revaluation reserve			157,640		157,640
Profit and Loss Account			48,485		34,175

SHAREHOLDERS' FUNDS			206,225		191,915

Company No. 07406554

Abbreviated Balance Sheet (continued) 31 October 2016

For the year ending 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Mark Smith

19/07/2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

2. Tangible Assets


	Total
Cost	£
As at 1 November 2015	1,150,000

As at 31 October 2016	1,150,000

Net Book Value
As at 31 October 2016	1,150,000

As at 1 November 2015	1,150,000

3. Creditors: Amounts Falling Due After More Than One Year

	2016	2015
	£	£
Bank loans	323,993	339,973
Directors loan account	10,999	11,199
Amounts owed to associates	593,195	590,884

	928,187	942,056

The sum represents a 20 year loan from Lloyds TSB, the capital repayments for 1 year are included in current liabilities.

Of the creditors falling due within and after more than one year the following amounts are due after more than five years.

	2016		2015
	£		£
Bank loans and overdrafts	256,000		275,000

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ABINA ESTHER SMITH PROPERTIES LIMITED

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 October 2016

4. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary A shares	1.000	10	10	10

Ordinary B shares	1.000	90	90	90




		100	100	100

5. Controlling Party

The company's controlling party is Abina Esther Smith by virtue of her ownership of 100 % of the issued share capital having Voting Rights of the Company.