REGISTERED NUMBER: 04374459 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

ABBEYBECK ESTATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S K Pala

SECRETARY:

K P Pala

REGISTERED OFFICE:

220 Green Street

Forest Gate

London

E7 8LE

REGISTERED NUMBER:

04374459 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Investment property

3

4,082,367

4,082,367

CURRENT ASSETS

Debtors

4

5,959

3,002

Cash at bank

271,068

218,803

277,027

221,805

CREDITORS

Amounts falling due within one year

5

828,094

900,172

NET CURRENT LIABILITIES

(551,067

)

(678,367

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,531,300

3,404,000

CREDITORS

Amounts falling due after more than one year

6

3,094,370

3,099,194

NET ASSETS

436,930

304,806

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

336,930

204,806

SHAREHOLDERS' FUNDS

436,930

304,806

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

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

The director acknowledges his 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 director on 5 June 2018 and were signed by:

S K Pala - Director

1.	STATUTORY INFORMATION

Abbeybeck Estates 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.	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.

These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS

102 Section 1A small entities. The date of transition is 1 October 2015.

The transition to FRS 102 Section 1A small entities have resulted in no changes in accounting policies to those used

previously, therefore no separate statements for any adjustments are disclosed.

Turnover

Turnover represents the total invoice value, excluding value added tax, of rent receivable for the year and expenses

recharged to the tenants.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2016

and 30 September 2017

4,082,367

NET BOOK VALUE

At 30 September 2017

4,082,367

At 30 September 2016

4,082,367

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

3,680

-

Prepayments

2,279

3,002

5,959

3,002

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

150,772

185,042

Trade creditors

(1

)

6,564

Tax

-

12,056

VAT

11,113

10,575

Directors' current accounts

617,710

646,435

Accrued expenses

48,500

39,500

828,094

900,172

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans more 5 yr by instal

1,419,579

1,504,155

Amounts owed to associates

1,674,791

1,595,039

3,094,370

3,099,194

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,419,579

1,504,155

7.	RELATED PARTY DISCLOSURES

During previous years the company received loans from Sona Enterprises Limited, a company registered in England.

During the year Sona Enterprises Limited charged interest of £79,751 (2016: £75,954) to Abbeybeck Estates Limited. As at

the balance sheet date the company owed £1,674,791 (2016: £1,595,039) to Sona Enterprises Limited.There is no fixed

terms of repayment of this loan.

Abbeybeck Estates Limited and Sona Enterprises Limited are related by virtue of having common director and shareholder.