IRIS Accounts Production v17.3.0.1062 06198036 Board of Directors 1.5.16 30.4.17 30.4.17 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure061980362016-04-30061980362017-04-30061980362016-05-012017-04-30061980362015-04-30061980362015-05-012016-04-30061980362016-04-3006198036ns15:EnglandWales2016-05-012017-04-3006198036ns14:PoundSterling2016-05-012017-04-3006198036ns10:Director12016-05-012017-04-3006198036ns10:PrivateLimitedCompanyLtd2016-05-012017-04-3006198036ns10:SmallEntities2016-05-012017-04-3006198036ns10:AuditExempt-NoAccountantsReport2016-05-012017-04-3006198036ns10:SmallCompaniesRegimeForDirectorsReport2016-05-012017-04-3006198036ns10:SmallCompaniesRegimeForAccounts2016-05-012017-04-3006198036ns10:AbridgedAccounts2016-05-012017-04-3006198036ns10:OrdinaryShareClass12016-05-012017-04-3006198036ns10:Director22016-05-012017-04-3006198036ns10:Director32016-05-012017-04-3006198036ns10:CompanySecretary12016-05-012017-04-3006198036ns10:RegisteredOffice2016-05-012017-04-3006198036ns5:CurrentFinancialInstruments2017-04-3006198036ns5:CurrentFinancialInstruments2016-04-3006198036ns5:Non-currentFinancialInstruments2017-04-3006198036ns5:Non-currentFinancialInstruments2016-04-3006198036ns5:ShareCapital2017-04-3006198036ns5:ShareCapital2016-04-3006198036ns5:RevaluationReserve2017-04-3006198036ns5:RevaluationReserve2016-04-3006198036ns5:RetainedEarningsAccumulatedLosses2017-04-3006198036ns5:RetainedEarningsAccumulatedLosses2016-04-3006198036ns5:LandBuildingsns5:OwnedOrFreeholdAssets2016-05-012017-04-3006198036ns10:OrdinaryShareClass12017-04-3006198036ns5:RevaluationReserve2016-04-30


REGISTERED NUMBER: 06198036 (England and Wales)















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: C P Kelly
Mrs A Kelly
J N Kelly





SECRETARY: Mrs A Kelly





REGISTERED OFFICE: 118 Low MoorLane
Woolley
Wakefield
West Yorkshire
WF4 2LW





REGISTERED NUMBER: 06198036 (England and Wales)





ACCOUNTANTS: Rajeev 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 4 503,000 503,000

CURRENT ASSETS
Debtors 139,051 139,051
Cash at bank and in hand 13,294 4,176
152,345 143,227
CREDITORS
Amounts falling due within one year 128,212 96,251
NET CURRENT ASSETS 24,133 46,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,133

549,976

CREDITORS
Amounts falling due after more than one year 5 491,787 512,906
NET ASSETS 35,346 37,070

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Revaluation reserve 7 586 586
Retained earnings 33,760 35,484
SHAREHOLDERS' FUNDS 35,346 37,070

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

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


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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 January 2018 and were signed on its behalf by:





C P Kelly - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

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 503,000
NET BOOK VALUE
At 30 April 2017 503,000
At 30 April 2016 503,000

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: £    £   
1,000 Ordinary £1 1,000 1,000

7. RESERVES
Revaluation
reserve
£   
At 1 May 2016
and 30 April 2017 586

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.