REGISTERED NUMBER: 03130771 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

Abbotbond Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Director:

Mrs C A Denning

Secretary:

E J Denning

Registered office:

Lowder Mill

Bell Vale Lane

Haslemere

Surrey

GU27 3DJ

Registered number:

03130771 (England and Wales)

Accountants:

Nigel Webster & Co

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Investment property

4

1,700,000

1,700,000

Current assets

Debtors

5

2,629

2,629

Cash at bank

2

9

2,631

2,638

Creditors

Amounts falling due within one year

6

1,790

1,850

Net current assets

841

788

Total assets less current liabilities

1,700,841

1,700,788

Creditors

Amounts falling due after more than one year

7

(360,805

)

(354,667

)

Provisions for liabilities

(188,500

)

(188,500

)

Net assets

1,151,536

1,157,621

Capital and reserves

Called up share capital

9

2

2

Revaluation reserve

10

1,127,136

1,127,136

Retained earnings

24,398

30,483

Shareholders' funds

1,151,536

1,157,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 Income Statement has not been delivered.

The financial statements were approved by the director on 18 August 2018 and were signed by:

Mrs C A Denning - Director

1.	STATUTORY INFORMATION

Abbotbond 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 as modified by the

revaluation of investment properties.

Turnover

This represents rents receivable adjusted for any amounts in advance or arrears at the

balance sheet date.

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 balance sheet date.

Deferred tax

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

reversed at the balance sheet 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.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price),

less any impairment losses for bad and doubtful debts. Loans and other financial assets are

initially recognised at transaction price including any transaction costs and subsequently

measured at amortised cost determined using the effective interest method, less any

impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price).

Loans and other financial liabilities are initially recognised at transaction price net of any

transaction costs and subsequently measured at amortised cost determined using the

effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an

obligation at the reporting date as a result of a past event, it is probable that economic

benefit will be transferred to settle the obligation and the amount of the obligation can be

estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 December 2016

and 30 November 2017

1,700,000

Net book value

At 30 November 2017

1,700,000

At 30 November 2016

1,700,000

E J Denning FRICS, an officer of the company, revalued the leasehold investment property

at £1,700,000 based upon open market value as at 30th November 2017. The cost of

leasehold property was £384,364 in 1996.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

2,629

2,629

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

300

350

Other creditors

1,490

1,500

1,790

1,850

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

183,500

183,500

Other creditors

177,305

171,167

360,805

354,667

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans repayable in more

than 5 years

183,500

183,500

183,500

183,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

183,500

183,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Revaluation

reserve

£

At 1 December 2016

and 30 November 2017

1,127,136

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the amounts shown below to related parties:

E J Denning shareholder & husband of director £88,652

Mrs C A Denning director & shareholder £88,652

During the period Mr and Mrs Denning paid rent of £9,973 to the company.

12.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by E J and Mrs C A Denning.