REGISTERED NUMBER: 04557767 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

A & B PLATINUM PROPERTIES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

B Howle

SECRETARY:

P A Gresty

REGISTERED OFFICE:

200 Underwood Lane

Crewe

Cheshire

CW1 3SA

REGISTERED NUMBER:

04557767 (England and Wales)

ACCOUNTANTS:

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

FIXED ASSETS

Property, plant and equipment

4

11,765

14,357

Investment property

5

630,000

630,000

641,765

644,357

CURRENT ASSETS

Debtors

6

2,006

1,823

Cash at bank

1,154

975

3,160

2,798

CREDITORS

Amounts falling due within one year

7

12,880

12,408

NET CURRENT LIABILITIES

(9,720

)

(9,610

)

TOTAL ASSETS LESS CURRENT LIABILITIES

632,045

634,747

CREDITORS

Amounts falling due after more than one year

8

(545,588

)

(545,563

)

PROVISIONS FOR LIABILITIES

10

(2,235

)

(2,871

)

NET ASSETS

84,222

86,313

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

11

167,571

167,571

Retained earnings

(83,351

)

(81,260

)

SHAREHOLDERS' FUNDS

84,222

86,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 5 December 2018 and were signed by:

B Howle - Director

1.	STATUTORY INFORMATION

A & B PLATINUM PROPERTIES LTD is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

There were no material departures from that standard.

The financial statements have been prepared on a going concern basis which assumes that the Company will

continue in operational existence for the foreseeable future.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Equipment

-

15% on reducing balance

Fixtures & fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Motor

Computer

Equipment

& fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

650

14,813

10,000

1,088

26,551

DEPRECIATION

At 1 April 2017

97

8,509

2,500

1,088

12,194

Charge for year

83

634

1,875

-

2,592

At 31 March 2018

180

9,143

4,375

1,088

14,786

NET BOOK VALUE

At 31 March 2018

470

5,670

5,625

-

11,765

At 31 March 2017

553

6,304

7,500

-

14,357

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

630,000

NET BOOK VALUE

At 31 March 2018

630,000

At 31 March 2017

630,000

The Investment Property market values have not changed during the year so no adjustment to the valuations

within the financial statements has been included.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Prepayments

2,006

1,823

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts (see note 9)

8,625

7,150

Social security and other taxes

67

-

Directors' current accounts

2,789

3,865

Accruals

1,399

1,393

12,880

12,408

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

545,588

545,563

9.

LOANS

An analysis of the maturity of loans is given below:

2018

2017

£

£

Amounts falling due within one year or on demand:

Bank loans

8,625

7,150

10.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

2,235

2,871

Deferred

tax

£

Balance at 1 April 2017

2,871

Provided during year

(636

)

Balance at 31 March 2018

2,235

11.

RESERVES

Revaluation

reserve

£

At 1 April 2017

and 31 March 2018

167,571

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and

certain other primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A & B PLATINUM PROPERTIES LTD for the year ended 31 March 2018 which comprise the

Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related

notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of A & B PLATINUM PROPERTIES LTD in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & B PLATINUM PROPERTIES LTD and state those matters that we have agreed to state to the director of A & B PLATINUM PROPERTIES LTD in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that A & B PLATINUM PROPERTIES LTD 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 loss of A & B PLATINUM PROPERTIES LTD. You consider that A & B PLATINUM PROPERTIES LTD 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 A & B PLATINUM PROPERTIES LTD. 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.

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

5 December 2018