REGISTERED NUMBER: 01998653 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

ABEL CRESCENT ESTATES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

H Abrahams

M Marshall

J D Abel

REGISTERED OFFICE:

3 Blacklands Crescent

Forest Row

East Sussex

RH18 5NN

REGISTERED NUMBER:

01998653 (England and Wales)

ACCOUNTANTS:

Charles Lamb

Chartered Accountants

3 Blacklands Crescent

Forest Row

East Sussex

RH18 5NN

FIXED ASSETS

Investment property

4

160,000

98,000

CURRENT ASSETS

Debtors

5

21,384

16,159

CREDITORS

Amounts falling due within one year

6

1,641

1,249

NET CURRENT ASSETS

19,743

14,910

TOTAL ASSETS LESS CURRENT LIABILITIES

179,743

112,910

PROVISIONS FOR LIABILITIES

23,516

12,606

NET ASSETS

156,227

100,304

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

156,027

100,104

SHAREHOLDERS' FUNDS

156,227

100,304

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:

J D Abel - Director

1.	STATUTORY INFORMATION

Abel Crescent 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.

Turnover

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2016

98,000

Revaluations

62,000

At 31 July 2017

160,000

NET BOOK VALUE

At 31 July 2017

160,000

At 31 July 2016

98,000

Fair value at 31 July 2017 is represented by:

£

Valuation in 2009

100,000

Valuation in 2011

(2,000

)

Valuation in 2017

62,000

160,000

If the investment property had not been revalued it would have been included at the following historical cost:

2017

2016

£

£

Cost

27,492

27,492

The investment property was valued on an open market basis on 31 July 2017 by the directors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

21,384

16,159

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

1,291

899

Other creditors

350

350

1,641

1,249

7.	RELATED PARTY DISCLOSURES