ABP (No.1) Limited 01770398 true false 0 2016-01-01 2016-12-31 The directors acknowledge their responsibilities for: (a) ensuring that the company keeps accounting records which comply with section 386 and 387 of the Companies Act 2006; and (b) preparing accounts 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 accounts, so far as applicable to the company. 01770398 2016-01-01 2016-12-31 01770398 2015-12-31 01770398 2016-12-31 01770398 uk-bus:Director1 2016-01-01 2016-12-31 01770398 uk-bus:Director2 2016-01-01 2016-12-31 01770398 uk-bus:OrdinaryShareClass1 2016-01-01 2016-12-31 01770398 uk-bus:OrdinaryShareClass1 2016-12-31 01770398 uk-bus:OrdinaryShareClass1 2015-12-31 iso4217:GBP xbrli:shares
Registered Number: 01770398

ABP (No.1) Limited

Abbreviated Company Accounts

31 December 2016
ABP (No.1) Limited Registered Number: 01770398

BALANCE SHEET

as at 31 December 2016
  Notes   2016   2015
      £   £   £   £
Current Assets
Creditors
Creditors: amounts falling due within one year     (2,899)       (2,899)    
Net current assets (liabilities)         (2,899)       (2,899)
Total assets less current liabilities         (2,899)       (2,899)
Creditors: amounts falling due after more than one year 2       (1,454,000)       (1,454,000)
Total net assets (liabilities)         (1,456,899)       (1,456,899)
 
Capital and reserves
Called up share capital 3       101       101
Share premium account         3,400,000       3,400,000
Profit and Loss Account 4       (4,857,000)       (4,857,000)
Total Shareholder's funds         (1,456,899)       (1,456,899)


The company was entitled to exemption under section 480 of the Companies Act 2006 for the year ended 31 December 2016.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

  1. ensuring that the company keeps accounting records which comply with section 386 and 387 of the Companies Act 2006; and
  2. preparing accounts 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 accounts, 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 accounts were approved by the board on 10 May 2017 and signed on its behalf by:




George Sebastian Matthew Bull

Director
ABP (No.1) Limited Registered Number: 01770398

NOTES TO THE ACCOUNTS

for the year ended 31 December 2016
1 Accounting policies
  The accounts have been prepared in accordance with the provisions of the Financial Reporting Standard applicable in the UK and Republic of Ireland, Section 1A Small Entities.
Financial instruments:
Other creditors are recognised initially at fair value and subsequently measured at amortised cost, using the effective interest method.
 
2 Creditors : amounts falling due after more than one year
 
  2016   2015
  £   £
Other creditors 1,454,000   1,454,000
 
  Other creditors relate to amounts due to group undertaking, are non-interest bearing and have no fixed terms of repayment. Further details on amounts due to group undertaking are disclosed in note 6.

Amounts have been included in creditors: amounts falling due after more than one year in the balance sheet to reflect the expected repayment timing at the respective balance sheet date.

The company considers that the carrying amount of other creditors approximates to their fair value.

The company’s creditors are denominated in sterling.
 
3 Share capital
 
  2016   2015
  £   £
Allotted, called up and fully paid
101 Ordinary shares of £1 each 101   101
 
4 Profit and loss account
  The company has not traded during the years ended 31 December 2016 and 2015; consequently no income statement has been presented.
 
5 Transactions with directors
  The directors believe that their services to the company are incidental to their role as executives for other group companies and therefore consider that they receive no remuneration in respect of qualifying services to this company (2016: £nil).
ABP (No.1) Limited Registered Number: 01770398

NOTES TO THE ACCOUNTS

for the year ended 31 December 2016 (continued)
6 Related party disclosures
  There were no related party transactions during the year or prior year. Amounts due to group undertaking arose in previous years and the balance is due to the company’s immediate parent undertaking, Grosvenor Waterside (Holdings) Limited.
 
7 Controlling party
  The company's immediate parent company is Grosvenor Waterside (Holdings) Limited.

The company's intermediate parent undertaking is Associated British Ports Holdings Limited (“ABPH”) which produces IFRS financial statements that are available from its registered office at 25 Bedford Street, London, WC2E 9ES. The consolidated financial statements of ABPAH are the smallest group in which the company is included.

The ultimate parent undertaking and controlling party is ABP (Jersey) Limited, which produces IFRS consolidated financial statements that are available from 44 Esplanade, St Helier, Jersey, JE4 9WG. The consolidated financial statements of ABP (Jersey) Limited are the largest group in which the company is included.