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REGISTERED NUMBER: SC097865 (Scotland)















Unaudited Financial Statements

for the Period 31 January 2017 to 31 January 2018

for

Abodes Ltd

Abodes Ltd (Registered number: SC097865)






Contents of the Financial Statements
for the Period 31 January 2017 to 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abodes Ltd

Company Information
for the Period 31 January 2017 to 31 January 2018







DIRECTORS: R G Woodford
J C Woodford





SECRETARY: J C Woodford





REGISTERED OFFICE: Ravelston House
994 Great Western Road
GLASGOW
G12 0NS





REGISTERED NUMBER: SC097865 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Abodes Ltd (Registered number: SC097865)

Balance Sheet
31 January 2018

31.1.18 30.1.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,273 9,308
Investment property 5 720,000 720,000
726,273 729,308

CURRENT ASSETS
Debtors 6 17,331 17,346
Cash at bank 2,996 13,241
20,327 30,587
CREDITORS
Amounts falling due within one year 7 54,981 60,918
NET CURRENT LIABILITIES (34,654 ) (30,331 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,619

698,977

CREDITORS
Amounts falling due after more than one
year

8

(187,845

)

(197,673

)

PROVISIONS FOR LIABILITIES (28,679 ) (28,679 )
NET ASSETS 475,095 472,625

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 174,077 174,077
Retained earnings 300,918 298,448
SHAREHOLDERS' FUNDS 475,095 472,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2018 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.

Abodes Ltd (Registered number: SC097865)

Balance Sheet - continued
31 January 2018


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 Board of Directors on 18 October 2018 and were signed on its behalf by:





J C Woodford - Director


Abodes Ltd (Registered number: SC097865)

Notes to the Financial Statements
for the Period 31 January 2017 to 31 January 2018

1. STATUTORY INFORMATION

Abodes Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is the amount receivable for the provision of goods and services falling within the company's ordinary
activities,excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Taxation
Taxation for the period 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2017 - 3 ) .

Abodes Ltd (Registered number: SC097865)

Notes to the Financial Statements - continued
for the Period 31 January 2017 to 31 January 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 31 January 2017 24,694 27,408 3,436 55,538
Additions - 112 - 112
At 31 January 2018 24,694 27,520 3,436 55,650
DEPRECIATION
At 31 January 2017 16,339 27,130 2,761 46,230
Charge for period 2,734 163 250 3,147
At 31 January 2018 19,073 27,293 3,011 49,377
NET BOOK VALUE
At 31 January 2018 5,621 227 425 6,273
At 30 January 2017 8,355 278 675 9,308

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 January 2017
and 31 January 2018 720,000
NET BOOK VALUE
At 31 January 2018 720,000
At 30 January 2017 720,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 30.1.17
£    £   
Other debtors 17,331 17,346

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 30.1.17
£    £   
Bank loans and overdrafts 18,943 18,943
Other creditors 36,038 41,975
54,981 60,918

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.18 30.1.17
£    £   
Bank loans 187,845 197,673

Abodes Ltd (Registered number: SC097865)

Notes to the Financial Statements - continued
for the Period 31 January 2017 to 31 January 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.18 30.1.17
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 112,072 121,900

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.18 30.1.17
£    £   
Bank loans 206,788 216,616

10. RESERVES
Revaluation
reserve
£   
At 31 January 2017
and 31 January 2018 174,077

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end date the directors were owed the following amounts

RG Woodford £1,646 (2017 - £2,388).
JC Woodford £6,518 (2017 - £5,768).

These amounts bear no interest and re repayable on demand.

12. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the ultimate controlling party is J C Woodford.