REGISTERED NUMBER: 04293564 (England and Wales)

Audited Financial Statements

for the Year Ended 31 May 2017

for

Abchurch Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

G Sanger

Secretary:

M & M Registrars Limited

Registered office:

30 Poland Street

London

W1F 8QS

Registered number:

04293564 (England and Wales)

Auditors:

GKP Partnership Ltd

110 Viglen House

Alperton Lane

Wembley

London

HA0 1HD

Current assets

Debtors

4

300,553

316,064

Prepayments and accrued income

-

1,671

Cash at bank

1,649

-

302,202

317,735

Creditors

Amounts falling due within one year

5

(791,040

)

(872,568

)

Net current liabilities

(488,838

)

(554,833

)

Total assets less current liabilities

(488,838

)

(554,833

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(488,938

)

(554,933

)

(488,838

)

(554,833

)

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 24 May 2018 and were signed by:

G Sanger - Director

1.	Statutory information

Abchurch Construction 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.

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.

No taxation has been recognised in the financial statements as group tax relief is expected to reduce

current year liabilities to nil.

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.

Deferred taxation has been recognised in the financial statements of the parent company, Mastcraft Ltd.

3.	Employees and directors

The average number of employees during the year was NIL.

4.

Debtors: amounts falling due within one year

31.5.17

31.5.16

£

£

Trade debtors

300,000

300,000

Other debtors

553

16,064

300,553

316,064

5.

Creditors: amounts falling due within one year

31.5.17

31.5.16

£

£

Trade creditors

1

-

Amounts owed to group undertakings

770,917

770,550

Other creditors

20,122

102,018

791,040

872,568

6.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Atul Sharma (Senior Statutory Auditor)

for and on behalf of GKP Partnership Ltd