REGISTERED NUMBER: 02091908

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Abidan Properties Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N Wride

G Wride

REGISTERED OFFICE:

2 Brean Down Avenue

Weston-super-Mare

North Somerset

BS23 4JH

REGISTERED NUMBER:

02091908

ACCOUNTANTS:

Atkins & Co Chartered Accountants

7 Morston Court

Aisecombe Way

Weston Super Mare

Somerset

BS22 8NG

FIXED ASSETS

Tangible assets

2

1,880,148

1,869,426

CURRENT ASSETS

Cash at bank

16,252

14,010

CREDITORS

Amounts falling due within one year

34,231

60,922

NET CURRENT LIABILITIES

(17,979

)

(46,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,862,169

1,822,514

CREDITORS

Amounts falling due after more than one year

(63,183

)

(96,700

)

PROVISIONS FOR LIABILITIES

(134

)

(134

)

NET ASSETS

1,798,852

1,725,680

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

734,121

734,121

Profit and loss account

1,064,631

991,459

SHAREHOLDERS' FUNDS

1,798,852

1,725,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 November 2016 and were signed on its behalf by:

G Wride - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, 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.

Land and buildings

-

not provided

Plant and machinery etc

-

10% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,872,064

Additions

10,800

At 31 March 2016

1,882,864

DEPRECIATION

At 1 April 2015

2,638

Charge for year

78

At 31 March 2016

2,716

NET BOOK VALUE

At 31 March 2016

1,880,148

At 31 March 2015

1,869,426

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

£1

100

100