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REGISTERED NUMBER: 02739415 (England and Wales)














ABOVECHANCE LTD

Unaudited Financial Statements

for the Year Ended 31 December 2016






ABOVECHANCE LTD (REGISTERED NUMBER: 02739415)

Contents of the Financial Statements
for the Year Ended 31 December 2016










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


ABOVECHANCE LTD

Company Information
for the Year Ended 31 December 2016







Director: Mr J Socha





Secretary: Orchard Block Management Services Ltd





Registered office: Artisans House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 02739415 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

ABOVECHANCE LTD (REGISTERED NUMBER: 02739415)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 21,038 21,038

CURRENT ASSETS
Debtors 4 14,705 15,008
Cash at bank 45,419 40,315
60,124 55,323
CREDITORS
Amounts falling due within one year 5 66,396 64,091
NET CURRENT LIABILITIES (6,272 ) (8,768 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,766

12,270

CAPITAL AND RESERVES
Called up share capital 48 48
Retained earnings 14,718 12,222
SHAREHOLDERS' FUNDS 14,766 12,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

ABOVECHANCE LTD (REGISTERED NUMBER: 02739415)

Balance Sheet - continued
31 December 2016


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 3 March 2017 and were signed by:





Mr J Socha - Director


ABOVECHANCE LTD (REGISTERED NUMBER: 02739415)

Notes to the Financial Statements
for the Year Ended 31 December 2016


1. STATUTORY INFORMATION

Abovechance Ltd 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.
Freehold property - not provided on land

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 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.

ABOVECHANCE LTD (REGISTERED NUMBER: 02739415)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016


3. TANGIBLE FIXED ASSETS
Freehold
property
£   
Cost
At 1 January 2016
and 31 December 2016 21,038
Net book value
At 31 December 2016 21,038
At 31 December 2015 21,038

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Latymer Court debtors 13,325 13,928
Other debtors 1,380 1,080
14,705 15,008

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 7,506 7,050
Tax 624 632
Held for Latymer Court 53,151 51,379
Latymer Court creditors 1,665 1,580
Directors' current accounts 3,000 3,000
Accrued expenses 450 450
66,396 64,091

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Socha.

7. CASH AT BANK

Current Account - Abovechance 2016 £ 5071 2015 £ 2782
Current account - Latymer Court 2016 £ 7822 2015 £ 5065
Latymer Court Deposit Account 2016 £32099 2015 £ 32042
Latymer Court - Nationwide Account 2016 £ 427 2015 £ 426