| ABBERGATE PROPERTIES LIMITED |
| Registered number: |
06252313 |
| Balance Sheet |
| as at 31 May 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Current assets |
| Development land and buildings |
|
|
2,152,798 |
|
|
2,152,798 |
|
| Creditors: amounts falling due within one year |
2 |
|
(379,327) |
|
|
(379,327) |
|
| Net current assets |
|
|
|
1,773,471 |
|
|
1,773,471 |
|
| Total assets less current liabilities |
|
|
|
1,773,471 |
|
|
1,773,471 |
|
| Creditors: amounts falling due after more than one year |
3 |
|
|
(1,804,280) |
|
|
(1,804,280) |
|
|
|
| Net liabilities |
|
|
|
(30,809) |
|
|
(30,809) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(30,909) |
|
|
(30,909) |
|
| Shareholders' funds |
|
|
|
(30,809) |
|
|
(30,809) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| C M OSBORNE |
| Director |
| Approved by the board on 12 March 2018 |
|
| ABBERGATE PROPERTIES LIMITED |
| Notes to the Accounts |
| for the year ended 31 May 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Development land and buildings |
|
Development land and buildings are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
| 2 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans and overdrafts |
113,390 |
|
113,390 |
|
Trade creditors |
265,937 |
|
265,937 |
|
|
|
|
|
|
379,327 |
|
379,327 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans |
1,188,051 |
|
1,188,051 |
|
Other creditors |
616,229 |
|
616,229 |
|
|
|
|
|
|
1,804,280 |
|
1,804,280 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Other information |
|
|
ABBERGATE PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: P O BOX B44 8NH,2 SECURITY HOUSE,HOWARDSCENTRE,PAPER MILL END,BIRMINGHAM B44 8NH. |