Company Registration No. 00842714 (England and Wales)
ABBOTSFORD LESSEES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
ABBOTSFORD LESSEES LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
ABBOTSFORD LESSEES LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ABBOTSFORD LESSEES LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abbotsford Lessees Limited for the year ended 30 September 2016 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Abbotsford Lessees Limited, as a body, in accordance with the terms of our engagement letter dated 26 March 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Abbotsford Lessees Limited and state those matters that we have agreed to state to the Board of Directors of Abbotsford Lessees Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbotsford Lessees Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Abbotsford Lessees Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abbotsford Lessees Limited. You consider that Abbotsford Lessees Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Abbotsford Lessees Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Nunn Hayward
21 March 2017
Chartered Accountants
63 - 67 Kingston Road
New Malden
Surrey
KT3 3PB
ABBOTSFORD LESSEES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
14,701
14,725
Current assets
Debtors
3,473
3,062
Cash at bank and in hand
6,560
6,028
10,033
9,090
Creditors: amounts falling due within one year
(1,168)
(958)
Net current assets
8,865
8,132
Total assets less current liabilities
23,566
22,857
Capital and reserves
Called up share capital
3
240
240
Other reserves
14,700
14,700
Profit and loss account
8,626
7,917
Shareholders' funds
23,566
22,857
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 March 2017
Mr S M O'Sullivan
Director
Company Registration No. 00842714
ABBOTSFORD LESSEES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
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1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents service charges receivable.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. No depreciation is provided on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
10% per annum on straight line basis
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
15,138
Depreciation
At 1 October 2015
413
Charge for the year
24
At 30 September 2016
437
Net book value
At 30 September 2016
14,701
At 30 September 2015
14,725
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
24 Ordinary shares of £10 each
240
240