Abbreviated Company Accounts - ABER PROPERTIES LIMITED

SC238132 ABER PROPERTIES LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true SC238132 2015-11-01 2016-10-31 SC238132 2016-10-31 SC238132 2015-10-31 SC238132 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 SC238132 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number SC238132

ABER PROPERTIES LIMITED

Abbreviated Accounts

31 October 2016

ABER PROPERTIES LIMITED Registered Number SC238132

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,053,877	1,054,397
		1,053,877	1,054,397
Current assets
Debtors		300	300
Cash at bank and in hand		16,922	20,214
		17,222	20,514
Creditors: amounts falling due within one year		(686,287)	(763,990)
Net current assets (liabilities)		(669,065)	(743,476)
Total assets less current liabilities		384,812	310,921
Total net assets (liabilities)		384,812	310,921
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		384,810	310,919
Shareholders' funds		384,812	310,921

For the year ending 31 October 2016 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 July 2017

And signed on their behalf by:
Mr I A K Campbell, Director

ABER PROPERTIES LIMITED Registered Number SC238132

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measure at fair value through profit.

Turnover policy
Turnover is measured at fair value of the consideration received or receivable for goods supplied and services rendered, not of discounts and Value Added Tax.

Tangible assets depreciation policy
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life of residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

2Tangible fixed assets

	£
Cost
At 1 November 2015	1,056,814
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	1,056,814
Depreciation
At 1 November 2015	2,417
Charge for the year	520
On disposals	-
At 31 October 2016	2,937
Net book values
At 31 October 2016	1,053,877
At 31 October 2015	1,054,397

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2