Balance sheet continued

As at 31 March 2017

For the year ending 31 March 2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2017

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover Repesents income on ordinary activities

  Tangible fixed assets depreciation policy

  1) No Depreciation is applied to buildings owned by A B Property Ltd
  2) Tangible fixed assets, equipment, computers, etc are depreciated straightline at 1/5th of accuisition value per annum.

  Intangible fixed assets amortisation policy

  A B Property Hold no Intangible assets

  Valuation information and policy

  Valuation of assets are based upon last market valuation assessment, to be reviewed in First Quarter of 2017.