REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2017 |
for |
ABLE STERLING PROPERTY & DEVELOPMENT LTD |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2017 |
for |
ABLE STERLING PROPERTY & DEVELOPMENT LTD |
ABLE STERLING PROPERTY & DEVELOPMENT LTD (REGISTERED NUMBER: 06198036) |
Contents of the Financial Statements |
for the year ended 30 April 2017 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
ABLE STERLING PROPERTY & DEVELOPMENT LTD |
Company Information |
for the year ended 30 April 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants & Statutory Auditors |
19 Bolling Road |
Bradford |
West Yorkshire |
BD4 7BG |
ABLE STERLING PROPERTY & DEVELOPMENT LTD (REGISTERED NUMBER: 06198036) |
Abridged Statement of Financial Position |
30 April 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 5 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Revaluation reserve | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
ABLE STERLING PROPERTY & DEVELOPMENT LTD (REGISTERED NUMBER: 06198036) |
Abridged Statement of Financial Position - continued |
30 April 2017 |
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 |
ABLE STERLING PROPERTY & DEVELOPMENT LTD (REGISTERED NUMBER: 06198036) |
Notes to the Financial Statements |
for the year ended 30 April 2017 |
1. | STATUTORY INFORMATION |
Able Sterling Property & Development Ltd is a |
Wales. The company's registered number and registered office address can be found on the Company Information |
page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Freehold property | - |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position 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. |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 May 2016 |
and 30 April 2017 |
NET BOOK VALUE |
At 30 April 2017 |
At 30 April 2016 |
ABLE STERLING PROPERTY & DEVELOPMENT LTD (REGISTERED NUMBER: 06198036) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2017 |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2017 | 2016 |
£ | £ |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst | 203,846 | 203,846 |
Repayable by instalments |
Bank loans more 5 yr by instal | 287,941 | 309,060 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
7. | RESERVES |
Revaluation |
reserve |
£ |
At 1 May 2016 |
and 30 April 2017 |
8. | RELATED PARTY DISCLOSURES |
Included within creditors falling due within 1 year is a director's current account of £117,902 (2016: |
£86,034).The maximum balance during the current and previous period was £117,902. No Interest was charged |
or accrued on the outstanding balance. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is C P Kelly. |