Abbeystead Investments Limited - Period Ending 2016-03-31

Abbeystead Investments Limited
(Registration number: 03014237)
Abbreviated Balance Sheet at 31 March 2016

	Note	2016 £	2015 £
Current assets
Stocks		748,318	748,318
Debtors		22,845	23,066
Cash at bank and in hand		7,348	12,024
		778,511	783,408
Creditors: Amounts falling due within one year		(47,662)	(34,433)
Total assets less current liabilities		730,849	748,975
Creditors: Amounts falling due after more than one year		(417,795)	(436,103)
Net assets		313,054	312,872
Capital and reserves
Called up share capital	3	30,000	30,000
Profit and loss account		283,054	282,872
Shareholders' funds		313,054	312,872

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

For the year ending 31 March 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.

Approved by the Board on 23 December 2016 and signed on its behalf by:

.........................................
Mrs Anita Leach
Director

The notes on page 2 form an integral part of these financial statements.
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Abbeystead Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of rents and services to tenants.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

	2016 £	2015 £

Amounts falling due within one year	18,533	18,002
Amounts falling due after more than one year	417,795	436,103
Total secured creditors	436,328	454,105

Included in the creditors are the following amounts due after more than five years:

	2016 £	2015 £

After more than five years not by instalments	338,833	359,074

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		30,000	30,000		30,000	30,000

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