Able Estates Limited Accounts






Able Estates Limited
	Company No. 03060035
		Information for Filing with The Registrar
		28 February 2017

The Directors present their report and the accounts for the year ended 28 February 2017.

Principal activities
The principal activity of the company during the year under review was Letting and Estate Agents. ESTATE AGENTS




Directors

The Directors who served at any time during the year were as follows:

P. Jones
P. Mitchell
P. Servis
D. Simpson
































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

P. Mitchell
Director
27 October 2017

at	28 February 2017

Company No.		03060035	Notes	2017	2016
				£	£
Fixed assets

	Tangible assets		2	32,575	31,709

	Investments		3	250,002	250,002
				282,577	281,711
Current assets

	Debtors		4	448,327	432,051

	Cash at bank and in hand			751,260	593,104
				1,199,587	1,025,155
Creditors: Amount falling due within one year			5	(807,941)	(793,732)
Net current assets				391,646	231,423
Total assets less current liabilities				674,223	513,134




Net assets				674,223	513,134

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		6	674,123	513,034

Total equity				674,223	513,134


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 28 February 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 27 October 2017

And signed on its behalf by:

P. Mitchell
Director
27 October 2017

for the year ended 28 February 2017

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Tangible fixed assets
			Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 March 2016	28,900	101,903	130,803
		Additions	-	4,522	4,522



		At 28 February 2017	28,900	106,425	135,325
		Depreciation
		At 1 March 2016	28,900	70,194	99,094
		Charge for the year	-	3,656	3,656



		At 28 February 2017	28,900	73,850	102,750
		Net book values
		At 28 February 2017	-	32,575	32,575
		At 29 February 2016	-	31,709	31,709

3	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 March 2016	50,002	50,002
		Additions	200,000	200,000


		At 28 February 2017	250,002	250,002






		Net book values
		At 28 February 2017	250,002	250,002
		At 29 February 2016	50,002	50,002

4	Debtors
			2017	2016
			£	£
		Trade debtors	31,993	16,086
		Amounts owed by group undertakings	363,461	363,448




		Other debtors	50,079	50,079
		Prepayments and accrued income	2,794	2,438
			448,327	432,051

5	Creditors:
		amounts falling due within one year
			2017	2016
			£	£




		Trade creditors	5,026	9,203

		Corporation tax	75,573	91,923
		Other taxes and social security	55,241	56,092

		Other creditors	669,331	633,784
		Accruals and deferred income	2,770	2,730
			807,941	793,732

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

7	Dividends
			2017	2016
			£	£
		Dividends for the period:
		Dividends paid in the period	140,119	309,550

			140,119	309,550

		Dividends by type:

		Equity dividends	140,119	309,550
			140,119	309,550

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

03060035

Its registered office is:

287 Bexley Road

Northumberland Heath

Erith

DA8 3EX