| ABLE PROPERTY INVESTMENTS LIMITED |
| Registered Number:07206653 |
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
ABLE PROPERTY INVESTMENTS LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
ABLE PROPERTY INVESTMENTS LIMITED
Statement of Financial Position
2016
2017
| Property, plant and equipment |
559,267
559,267
2
559,267
559,267
5,535
| Cash and cash equivalents |
2,662
2,662
5,535
| Trade and other payables: amounts falling due within one |
| year |
(134,975)
(125,804)
3
(129,440)
(123,142)
Net current liabilities
| Total assets less current liabilities |
436,125
429,827
| Trade and other payables: amounts falling due after more |
| than one year |
(381,485)
(375,205)
4
60,920
Net assets
48,342
1
1
60,919
48,341
60,920
48,342
Shareholders' funds
| For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| 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. |
| These financial statements were approved and authorised for issue by the Board on 08 December 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2017
ABLE PROPERTY INVESTMENTS LIMITED
Notes to the Financial Statements
Statutory Information
| ABLE PROPERTY INVESTMENTS LIMITED is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 07206653. |
1-5 HARTINGTON ROAD
MIDDLESBROUGH
TS1 5ED
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
| 2. Property, plant and equipment |
559,267
559,267
559,267
559,267
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For the year ended 31 March 2017
ABLE PROPERTY INVESTMENTS LIMITED
Notes to the Financial Statements Continued
| 3. Trade and other payables: amounts falling due within one year |
2016
2017
13,549
13,549
5,997
230
| Taxation and social security |
3,144
4,257
103,114
116,939
125,804
134,975
| 4. Trade and other payables: amounts falling due after more than one year |
2016
2017
| Bank loans and overdraft (secured) |
143,867
150,147
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
231,338
231,338
375,205
381,485
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