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REGISTERED NUMBER: SC184296 (Scotland)
















Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Abicas Limited

Abicas Limited (Registered number: SC184296)

Contents of the Financial Statements
for the Year Ended 31 March 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abicas Limited

Company Information
for the Year Ended 31 March 2017







DIRECTOR: Mrs N Mackenzie





SECRETARY: Mrs N Mackenzie





REGISTERED OFFICE: 43 Hazledene Road
Aberdeen
Aberdeenshire
AB1 8LB





REGISTERED NUMBER: SC184296 (Scotland)





ACCOUNTANTS: Campbell Dallas Limited
Accountants
23 Carden Place
Aberdeen
AB10 1UQ

Abicas Limited (Registered number: SC184296)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 866 1,081
Investment property 5 110,000 110,000
110,866 111,081

CURRENT ASSETS
Cash at bank 3,743 2,314

CREDITORS
Amounts falling due within one year 6 22,412 23,049
NET CURRENT LIABILITIES (18,669 ) (20,735 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,197

90,346

PROVISIONS FOR LIABILITIES 4,187 4,949
NET ASSETS 88,010 85,397

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 88,009 85,396
SHAREHOLDERS' FUNDS 88,010 85,397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

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 her 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.

Abicas Limited (Registered number: SC184296)

Balance Sheet - continued
31 March 2017


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 28 September 2017 and were signed by:





Mrs N Mackenzie - Director


Abicas Limited (Registered number: SC184296)

Notes to the Financial Statements
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

Abicas Limited is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rents received, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Investment property
Investment property is shown at fair value at the balance sheet date. Any aggregate surplus or deficit
arising from changes in fair value is recognised in profit or loss.

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 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.

Abicas Limited (Registered number: SC184296)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016
and 31 March 2017 2,994
DEPRECIATION
At 1 April 2016 1,913
Charge for year 215
At 31 March 2017 2,128
NET BOOK VALUE
At 31 March 2017 866
At 31 March 2016 1,081



5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016
and 31 March 2017 110,000
NET BOOK VALUE
At 31 March 2017 110,000
At 31 March 2016 110,000

Cost or valuation at 31 March 2017 is represented by:

£   
Valuation in 2010 34,523
Valuation in 2013 21,548
Cost 53,929
110,000

Abicas Limited (Registered number: SC184296)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


5. INVESTMENT PROPERTY - continued

The investment property was valued by the directors at fair value of £110,000 at the year end.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 516 512
Other creditors 21,896 22,537
22,412 23,049

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

Mrs N Mackenzie
Director


2017 2016
£    £   
Amount due to related party at the balance sheet date 147 1,387

Dr J D Mackenzie

The husband of Mrs N MacKenzie, director.


2017 2016
£    £   
Amount due to related party at the balance sheet date 20,340 20,340

The above loans are interest free and have no fixed terms of repayment.

9. ULTIMATE CONTROLLING PARTY

It is considered that Mrs N Mackenzie is the ultimate controlling party.

Abicas Limited (Registered number: SC184296)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


10. RETAINED EARNINGS

Included within retained earnings are non-distributable reserves of £51,123.

11. FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS102.