REGISTERED NUMBER: 06662401 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2016

for

Aberdeen Enterprise Finance Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M Backhouse

Mr T Irvine

SECRETARY:

Mr M Backhouse

REGISTERED OFFICE:

Regent House

11 Regent Street

Pocklington

York

Yorkshire

YO42 2QN

REGISTERED NUMBER:

06662401 (England and Wales)

ACCOUNTANTS:

Lerman Quaile

1 Mortimer Street

Birkenhead

Merseyside

CH41 5EU

FIXED ASSETS

Tangible assets

2

8,104

8,852

CURRENT ASSETS

Debtors

7,498,712

6,873,906

Cash at bank and in hand

288,497

1,383,053

7,787,209

8,256,959

CREDITORS

Amounts falling due within one year

566,308

547,462

NET CURRENT ASSETS

7,220,901

7,709,497

TOTAL ASSETS LESS CURRENT LIABILITIES

7,229,005

7,718,349

CREDITORS

Amounts falling due after more than one year

5,758,260

6,219,800

NET ASSETS

1,470,745

1,498,549

CAPITAL AND RESERVES

Called up share capital

3

700

700

Profit and loss account

1,470,045

1,497,849

SHAREHOLDERS' FUNDS

1,470,745

1,498,549

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 16 May 2017 and were signed on its behalf by:

Mr M Backhouse - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 interest received from monies loaned and associated arrangement fees and costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

24,496

Additions

2,762

At 31 August 2016

27,258

DEPRECIATION

At 1 September 2015

15,644

Charge for year

3,510

At 31 August 2016

19,154

NET BOOK VALUE

At 31 August 2016

8,104

At 31 August 2015

8,852

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

600

Ordinary A

£1

600

600

100

Ordinary B

£1

100

100

700

700

4.	ULTIMATE PARENT COMPANY

ABEF Holdings Limited is regarded by the directors as being the company's ultimate parent company.