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COMPANY REGISTRATION NUMBER NI043721
THE ABBEY LAND & PROPERTY MANAGEMENT CO. LTD
UNAUDITED ABBREVIATED ACCOUNTS
30 June 2016
DNTCA LTD
Chartered Accountants
THE ABBEY LAND & PROPERTY MANAGEMENT CO. LTD
ACCOUNTANTS' REPORT TO THE DIRECTORS OF THE ABBEY LAND
& PROPERTY MANAGEMENT CO. LTD
YEAR ENDED 30 JUNE 2016
In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Balance Sheet and the related notes from the books of account and information and explanations you have given to us.
This report is made to the Company's Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Directors, as a body, for our work or for this report.
We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet as at 30 June 2016 your duty to ensure that the company has kept adequate books of account and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the books of account or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
DNTCA LTD Chartered Accountants
5 January 2017
THE ABBEY LAND & PROPERTY MANAGEMENT CO. LTD
ABBREVIATED BALANCE SHEET
30 June 2016
2016
2015
Note
£
£
£
CURRENT ASSETS
Debtors
4,276
3,064
Cash at bank and in hand
15,184
11,080
---------
---------
19,460
14,144
CREDITORS: Amounts falling due within one year
705
4,498
---------
---------
NET CURRENT ASSETS
18,755
9,646
---------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
18,755
9,646
---------
-------
CAPITAL AND RESERVES
Called up equity share capital
2
65
65
Profit and loss account
18,690
9,581
---------
-------
SHAREHOLDERS' FUNDS
18,755
9,646
---------
-------
For the year ended 30 June 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 accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved by the directors and authorised for issue on 5 January 2017 , and are signed on their behalf by:
Mrs M Bell Mr C Carmichael
Mr P McNally
Company Registration Number: NI043721
THE ABBEY LAND & PROPERTY MANAGEMENT CO. LTD
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 30 JUNE 2016
1. ACCOUNTING POLICIES
Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2. SHARE CAPITAL
Allotted, called up and fully paid:
2016
2015
No.
£
No.
£
Ordinary shares of £ 1 each
65
65
65
65
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