REGISTERED NUMBER: 04026660 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Abbeywood Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P A Fowler

N G Fowler

Mrs R L Rees

REGISTERED OFFICE:

46 Mead Road

Stoke Gifford

Bristol

BS34 8PS

REGISTERED NUMBER:

04026660 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

3

2,918

3,270

Investment property

4

1,292,000

1,507,000

1,294,918

1,510,270

CURRENT ASSETS

Debtors

5

355

458

Cash at bank

33,350

11,987

33,705

12,445

CREDITORS

Amounts falling due within one year

6

67,039

140,914

NET CURRENT LIABILITIES

(33,334

)

(128,469

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,261,584

1,381,801

CREDITORS

Amounts falling due after more than one year

7

-

(203,371

)

PROVISIONS FOR LIABILITIES

(5,532

)

(6,215

)

NET ASSETS

1,256,052

1,172,215

CAPITAL AND RESERVES

Called up share capital

8

100,000

100,000

Share premium

9

718,631

718,631

Retained earnings

9

437,421

353,584

SHAREHOLDERS' FUNDS

1,256,052

1,172,215

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 16 February 2018 and were signed on its behalf by:

Mrs P A Fowler - Director

1.	STATUTORY INFORMATION

Abbeywood Estates 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 as modified by the revaluation of certain assets.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 July 2017 are the first that are prepared in accordance with FRS

102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 August 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on cost

Computer equipment

-

33.33% 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 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.

3.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 August 2016

and 31 July 2017

1,974

32,435

3,949

38,358

DEPRECIATION

At 1 August 2016

-

31,481

3,607

35,088

Charge for year

-

239

113

352

At 31 July 2017

-

31,720

3,720

35,440

NET BOOK VALUE

At 31 July 2017

1,974

715

229

2,918

At 31 July 2016

1,974

954

342

3,270

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2016

1,507,000

Disposals

(215,000

)

At 31 July 2017

1,292,000

NET BOOK VALUE

At 31 July 2017

1,292,000

At 31 July 2016

1,507,000

Fair value at 31 July 2017 is represented by:

£

Valuation in 2004

64,019

Valuation in 2006

85,781

Valuation in 2007

27,000

Valuation in 2009

(80,000

)

Valuation in 2010

12,219

Valuation in 2011

(15,000

)

Valuation in 2012

(7,500

)

Cost

1,205,481

1,292,000

Investment properties were valued at 31 July 2012 by the director, Mrs P Fowler, at their open market value.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Prepayments

355

458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Tax

10,211

2,308

Other creditors

(2,519

)

(2,299

)

Directors' current accounts

58,871

140,431

Accrued expenses

476

474

67,039

140,914

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

105 GMR Mortgage

-

87,249

157 GMR Mortgage

-

85,139

28 RJC Mortgage

-

30,983

-

203,371

Amounts falling due in more than five years:

Repayable otherwise than by instalments

105 GMR Mortgage

-

87,249

157 GMR Mortgage

-

85,139

28 RJC Mortgage

-

30,983

-

203,371

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.17

31.7.16

value:

£

£

5,000

Ordinary A

£1

5,000

5,000

95,000

Ordinary B

£1

95,000

95,000

100,000

100,000

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 August 2016

353,584

718,631

1,072,215

Profit for the year

83,837

83,837

At 31 July 2017

437,421

718,631

1,156,052

10.	RELATED PARTY DISCLOSURES

At the year end Abbeywood Accommodation Ltd, associate company, owes £2,299 (2015 was owed - £2921) by

the company. This loan was interest free, repayable on demand and was not secured against any of the

company's assets.

During the year the nothing was charged (2015 - £725) to Abbeywood Accommodation Ltd for administrative

expenses.