REGISTERED NUMBER: 03149292

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MAY 2016

FOR

ABBEYMEWS PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Davies

A E Davies

SECRETARY:

L Hall

REGISTERED OFFICE:

1 City Road East

Manchester

M15 4PN

REGISTERED NUMBER:

03149292

ACCOUNTANTS:

KAY JOHNSON GEE LLP

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Tangible assets

2

56

155

Investments

3

628,976

1,428,972

629,032

1,429,127

CURRENT ASSETS

Stocks

256,307

-

Debtors

440,000

1,938

Cash at bank

25,898

1,875

722,205

3,813

CREDITORS

Amounts falling due within one year

4

1,080,549

925,543

NET CURRENT LIABILITIES

(358,344

)

(921,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

270,688

507,397

CREDITORS

Amounts falling due after more than one year

664,554

921,008

NET LIABILITIES

(393,866

)

(413,611

)

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Share premium

138,000

138,000

Profit and loss account

(532,866

)

(552,611

)

SHAREHOLDERS' FUNDS

(393,866

)

(413,611

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17th August 2017 and were signed on its behalf by:

P J Davies - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

Investment property

Investment properties are included in the financial statements at current market value in accordance with the

Statement of Standard Accounting Policy 19. No depreciation is provided in respect of freehold properties

held as investments. This is a departure from the requirements of the Companies Act 1985 which requires all

properties to be depreciated. Such properties are held for investment and not for consumption and the

directors consider that to depreciate them would not give a true and fair view.

Going concern

These accounts have been prepared on a going concern basis.The company is dependent on the continuing

financial support of the company's bankers, shareholders and directors.The directors are of the opinion that

with the support of the bankers, shareholders and directors, the company will be able to continue to operate

within their facilities and as a result the directors are of the opinion that the going concern basis is therefore

believed to be appropriate in respect of the preparation of the financial statements.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

and 31st May 2016

299

DEPRECIATION

At 1st June 2015

144

Charge for year

99

At 31st May 2016

243

NET BOOK VALUE

At 31st May 2016

56

At 31st May 2015

155

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1st June 2015

1,428,984

Additions

4

Disposals

(800,012

)

At 31st May 2016

628,976

PROVISIONS

At 1st June 2015

12

Eliminated on disposal

(12

)

At 31st May 2016

-

NET BOOK VALUE

At 31st May 2016

628,976

At 31st May 2015

1,428,972

4.

CREDITORS

Creditors include an amount of £ 737,948 (31.5.15 - £ 907,428 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

1,000

Ordinary

£1

1,000

1,000