Abbreviated Company Accounts - ABRAGLADE LIMITED

07411858 ABRAGLADE LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 07411858 2015-02-01 2016-01-31 07411858 2016-01-31 07411858 2015-01-31 07411858 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 07411858 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 07411858

ABRAGLADE LIMITED

Abbreviated Accounts

31 January 2016

ABRAGLADE LIMITED Registered Number 07411858

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,062,449	2,062,449
		2,062,449	2,062,449
Current assets
Debtors		3,025	3,025
Cash at bank and in hand		40	61
		3,065	3,086
Creditors: amounts falling due within one year	3	(73,909)	(103,056)
Net current assets (liabilities)		(70,844)	(99,970)
Total assets less current liabilities		1,991,605	1,962,479
Creditors: amounts falling due after more than one year	3	(1,917,232)	(1,910,219)
Total net assets (liabilities)		74,373	52,260
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		74,372	52,259
Shareholders' funds		74,373	52,260

For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 October 2016

And signed on their behalf by:
H. Singh, Director

ABRAGLADE LIMITED Registered Number 07411858

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total rent receivable during the year.

Tangible assets depreciation policy
No Depreciation has been provided on the Leasehold Properties and the Director has carefully considered this departure from the requirements of the Companies Act 2006. It is the policy of the board to ensure that the Leasehold Properties Premises are continually maintained in a sound state of repair and accordingly the Director considers that the lives of such premises are so long and the residual value so high that depreciation is unnecessary.

Other accounting policies
The company is controlled by Abracore Limited, a company registered in England and Wales, which owns 100% of the issued share capital

2Tangible fixed assets

	£
Cost
At 1 February 2015	2,062,449
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	2,062,449
Depreciation
At 1 February 2015	-
Charge for the year	-
On disposals	-
At 31 January 2016	-
Net book values
At 31 January 2016	2,062,449
At 31 January 2015	2,062,449

3Creditors

	2016 £	2015 £
Instalment debts due after 5 years	1,137,585	1,134,040

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1