REGISTERED NUMBER: 06662401 (England and Wales)

Financial Statements for the Year Ended 31 August 2017

for

Aberdeen Enterprise Finance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Backhouse

Mr T Irvine

SECRETARY:

Mr M Backhouse

REGISTERED OFFICE:

Regent House

11 Regent Street

Pocklington

York

Yorkshire

YO42 2QN

REGISTERED NUMBER:

06662401 (England and Wales)

ACCOUNTANTS:

Lerman Quaile

1 Mortimer Street

Birkenhead

Merseyside

CH41 5EU

FIXED ASSETS

Tangible assets

4

6,892

8,104

CURRENT ASSETS

Debtors

5

7,818,927

7,498,712

Cash at bank and in hand

782,290

288,497

8,601,217

7,787,209

CREDITORS

Amounts falling due within one year

6

869,239

566,308

NET CURRENT ASSETS

7,731,978

7,220,901

TOTAL ASSETS LESS CURRENT LIABILITIES

7,738,870

7,229,005

CREDITORS

Amounts falling due after more than one year

7

6,268,907

5,758,260

NET ASSETS

1,469,963

1,470,745

CAPITAL AND RESERVES

Called up share capital

700

700

Retained earnings

1,469,263

1,470,045

SHAREHOLDERS' FUNDS

1,469,963

1,470,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 10 May 2018 and were signed on its behalf by:

Mr M Backhouse - Director

1.	STATUTORY INFORMATION

Aberdeen Enterprise Finance Limited 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.

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 represents interest received from monies loaned and associated arrangement fees and costs.

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 etc

-

25% on reducing balance

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 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2016

27,258

Additions

2,497

Disposals

(4,946

)

At 31 August 2017

24,809

DEPRECIATION

At 1 September 2016

19,154

Charge for year

2,835

Eliminated on disposal

(4,072

)

At 31 August 2017

17,917

NET BOOK VALUE

At 31 August 2017

6,892

At 31 August 2016

8,104

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Amounts owed by associates

23,083

23,083

Other debtors

7,795,844

7,475,629

7,818,927

7,498,712

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade creditors

28,857

33,865

Taxation and social security

9,859

8,581

Other creditors

830,523

523,862

869,239

566,308

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Amounts owed to group undertakings

63,599

129,460

Other creditors

6,205,308

5,628,800

6,268,907

5,758,260

8.	ULTIMATE CONTROLLING PARTY

The controlling party is ABEF Holdings Limited.