ABBEYFIELD_HOLDINGS_LIMIT

ABBEYFIELD HOLDINGS LIMITED

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ABBEYFIELD HOLDINGS LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2016

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The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abbeyfield Holdings Limited for the year ended 30 September 2015 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Abbeyfield Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 27 May 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Abbeyfield Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Abbeyfield Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbeyfield Holdings Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Abbeyfield Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Abbeyfield Holdings Limited. You consider that Abbeyfield Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abbeyfield Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gerald Edelman

12 May 2017

Accountants

73 Cornhill

London

EC3V 3QQ

ABBEYFIELD HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

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2016

2015

Notes

Fixed assets

Investments

Current assets

Debtors

392,000

191,994

Cash at bank and in hand

6,097

18,895

398,097

210,889

Creditors: amounts falling due within one year

(1,019,989)

(713,205)

Net current liabilities

(621,892)

(502,316)

Total assets less current liabilities

(621,891)

(502,315)

Capital and reserves

Called up share capital

100

Profit and loss account

(621,991)

(502,415)

Shareholders' funds

(621,891)

(502,315)

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 May 2017

S. A. Leslie

Director

Company Registration No. 05949163

ABBEYFIELD HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Going concern

The financial statements have been prepared on a going concern basis, not withstanding that there is a deficiency of assets as at 30 September 2016 amounting to £621,891 (2015: £502,315) the validity of which is dependent on the continued financial support of the company's creditors and shareholders. The financial statements do not include any adjustments that would result from discontinuance of their financial support and/or not receiving its share of profits from its investments. On this basis, the directors consider that it is appropriate for the financial statements to be prepared on the going concern basis.

1.3

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.4

Turnover

Turnover represents amounts receivable on the sale of property and property management services, recognised on completion of contracts

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Investment income - share of profits

The company's share of profits or losses arising from its investments in limited liability partnerships (Notes 2 and 4) is accounted for in accordance with the terms of the member's agreements.

Fixed assets

Investments

Cost

At 1 October 2015 & at 30 September 2016

At 30 September 2015

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100