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REGISTERED NUMBER: 03846226 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

ABRIL GALLERY OF CONTEMPORARY ART
LIMITED

ABRIL GALLERY OF CONTEMPORARY ART
LIMITED (REGISTERED NUMBER: 03846226)

Contents of the Financial Statements
for the Year Ended 31 March 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABRIL GALLERY OF CONTEMPORARY ART
LIMITED

Company Information
for the Year Ended 31 March 2017







DIRECTORS: Mrs M E Davis
Mr M D S Davis



SECRETARY: Mrs M E Davis



REGISTERED OFFICE: Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



REGISTERED NUMBER: 03846226 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: HSBC
13 Dunraven Place
Bridgend
Mid Glamorgan
CF31 1JQ

ABRIL GALLERY OF CONTEMPORARY ART
LIMITED (REGISTERED NUMBER: 03846226)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - -
Investment property 4 96,505 96,505
96,505 96,505

CURRENT ASSETS
Debtors 5 319 351
Cash at bank 5,025 11,209
5,344 11,560
CREDITORS
Amounts falling due within one year 6 4,464 10,939
NET CURRENT ASSETS 880 621
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,385

97,126

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 97,285 97,026
SHAREHOLDERS' FUNDS 97,385 97,126

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 December 2017 and were signed on its behalf
by:





Mrs M E Davis - Director


ABRIL GALLERY OF CONTEMPORARY ART
LIMITED (REGISTERED NUMBER: 03846226)

Notes to the Financial Statements
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

Abril Gallery of Contemporary Art 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.

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.

Turnover
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration
in exchange for its performance of its obligations under the sales contract with the customer. The amount
reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual
arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

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 cost

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2016
and 31 March 2017 1,615
DEPRECIATION
At 1 April 2016
and 31 March 2017 1,615
NET BOOK VALUE
At 31 March 2017 -
At 31 March 2016 -

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016
and 31 March 2017 96,505
NET BOOK VALUE
At 31 March 2017 96,505
At 31 March 2016 96,505

ABRIL GALLERY OF CONTEMPORARY ART
LIMITED (REGISTERED NUMBER: 03846226)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other debtors 319 351

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Taxation and social security 57 1,628
Other creditors 4,407 9,311
4,464 10,939

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M E Davis.