REGISTERED NUMBER: 03915043 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abacus Portfolio Management Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Holmes

N M Seymour

C J Seymour

REGISTERED OFFICE:

336 Manchester Road

Deepcar

Sheffield

S36 2RH

REGISTERED NUMBER:

03915043 (England and Wales)

FIXED ASSETS

Tangible assets

4

137,030

142,960

CURRENT ASSETS

Debtors

31,694

29,694

Cash at bank

40,728

40,391

72,422

70,085

CREDITORS

Amounts falling due within one year

113,681

114,068

NET CURRENT LIABILITIES

(41,259

)

(43,983

)

TOTAL ASSETS LESS CURRENT LIABILITIES

95,771

98,977

CREDITORS

Amounts falling due after more than one year

50,362

59,207

NET ASSETS

45,409

39,770

CAPITAL AND RESERVES

Called up share capital

16

16

Retained earnings

45,393

39,754

SHAREHOLDERS' FUNDS

45,409

39,770

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 directors acknowledge their 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.

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 April 2017 and were signed on its behalf by:

C J Seymour - Director

1.	STATUTORY INFORMATION

Abacus Portfolio Management Limited 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

-

2% on cost

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

182,642

DEPRECIATION

At 1 April 2016

39,682

Charge for year

5,930

At 31 March 2017

45,612

NET BOOK VALUE

At 31 March 2017

137,030

At 31 March 2016

142,960

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Bank loans

61,774

70,619

The company has provided a mortgage over the assets to which the borrowings relate.

6.	FIRST YEAR ADOPTION OF FINANCIAL REPORTING STANDARD FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102

and have not impacted on equity and profit and loss.