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REGISTERED NUMBER: 01902086 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

ABBEY MILLS LIMITED

ABBEY MILLS LIMITED (REGISTERED NUMBER: 01902086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABBEY MILLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2017







DIRECTORS: Mr S G Smith
Mrs J A Smith





SECRETARY: Mrs J A Smith





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: Gray Cottage
The Drive
Charfield
Gloucestershire
GL12 8HX





REGISTERED NUMBER: 01902086 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

ABBEY MILLS LIMITED (REGISTERED NUMBER: 01902086)

BALANCE SHEET
31 JULY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,556 1,945
Investment property 5 1,260,000 1,260,000
1,261,556 1,261,945

CURRENT ASSETS
Debtors 6 26,422 24,099
Cash at bank 197,279 161,676
223,701 185,775
CREDITORS
Amounts falling due within one year 7 40,660 92,041
NET CURRENT ASSETS 183,041 93,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,444,597

1,355,679

PROVISIONS FOR LIABILITIES 139,935 139,935
NET ASSETS 1,304,662 1,215,744

CAPITAL AND RESERVES
Called up share capital 9,751 9,751
Share premium 6,250 6,250
Retained earnings 1,288,661 1,199,743
SHAREHOLDERS' FUNDS 1,304,662 1,215,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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.

ABBEY MILLS LIMITED (REGISTERED NUMBER: 01902086)

BALANCE SHEET - continued
31 JULY 2017


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 30 March 2018 and were signed on its
behalf by:




Mr S G Smith - Director



Mrs J A Smith - Director


ABBEY MILLS LIMITED (REGISTERED NUMBER: 01902086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017

1. STATUTORY INFORMATION

Abbey Mills Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision 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.

These financial statements are the first financial statements that comply with FRS 102 Section 1A. The
date of transition is 1 August 2015 . The transition to FRS 102 Section 1A small entities has resulted in
no material changes in accounting policies nor material adjustments on transition.

Turnover
Turnover represents net invoiced rentals during the period under review, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment properties are shown at their open market value. The surplus or deficit arising from the
revaluation is transferred to other comprehensive income as required by FRS 102 Section 1A.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in
FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective
interest method.

Going concern
In the opinion of the directors there are no material uncertainties that may cast significant doubt about
the company's ability to continue as a going concern.

Provisons
Provisions are set up only where it is probable that a present obligation exists as a result of an event
prior to the balance sheet date and that a payment will be required in settlement that can be estimated
reliably. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

ABBEY MILLS LIMITED (REGISTERED NUMBER: 01902086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2016
and 31 July 2017 23,696
DEPRECIATION
At 1 August 2016 21,751
Charge for year 389
At 31 July 2017 22,140
NET BOOK VALUE
At 31 July 2017 1,556
At 31 July 2016 1,945

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2016
and 31 July 2017 1,260,000
NET BOOK VALUE
At 31 July 2017 1,260,000
At 31 July 2016 1,260,000

Fair value at 31 July 2017 is represented by:

£   
Valuation in 2010 1,260,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 26,392 24,069
Prepayments 30 30
26,422 24,099

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Corporation Tax 23,128 23,440
VAT 7,132 7,788
Directors' loan accounts 7,031 57,501
Accruals & Deferred Income 3,369 3,312
40,660 92,041

ABBEY MILLS LIMITED (REGISTERED NUMBER: 01902086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2017 and
31 July 2016:

2017 2016
£    £   
Mr S G Smith and Mrs J A Smith
Balance outstanding at start of year (57,501 ) (57,651 )
Amounts advanced - (250 )
Amounts repaid 50,470 400
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,031 ) (57,501 )

There are no set repayment terms, and interest is not being charged on the Director's Loan Account.