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REGISTERED NUMBER: 04677943 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abbots Park Management Company Limited

Abbots Park Management Company Limited (Registered number: 04677943)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 8

Abbots Park Management Company Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: A M Ashall
A S Davies
S A Ashall





SECRETARY: A M Ashall





REGISTERED OFFICE: 8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW





REGISTERED NUMBER: 04677943 (England and Wales)





ACCOUNTANTS: Voisey & Co
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

Abbots Park Management Company Limited (Registered number: 04677943)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £   
CURRENT ASSETS
Debtors 5 13,662 10,678
Cash at bank 44,793 42,388
58,455 53,066
CREDITORS
Amounts falling due within one year 6 (2,818 ) (2,097 )
NET CURRENT ASSETS 55,637 50,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,637

50,969

PROVISIONS FOR LIABILITIES 7 (38,870 ) (34,000 )
NET ASSETS 16,767 16,969

CAPITAL AND RESERVES
Called up share capital 8 12 12
Retained earnings 16,755 16,957
SHAREHOLDERS' FUNDS 16,767 16,969

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 June 2017 and were signed on its behalf by:





A M Ashall - Director


Abbots Park Management Company Limited (Registered number: 04677943)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Abbots Park Management Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31st March 2017 are the first financial statements of Abbots Park
Management Company Limited prepared in accordance with FRS 102, The Financial Reporting Standard
applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1st April 2016. An
explanation of how transition to FRS 102 has affected the reported financial position and financial performance
is given in note 10.

Monetary amounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised where the revision affects only that period, or in the
period of the revision and future periods where the revision affects both current and future periods.

Revenue recognition
Revenue is measured as the fair value of the consideration received or receivable and represents amounts
receivable for services provided in the normal course of business net of value added tax.

Abbots Park Management Company Limited (Registered number: 04677943)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

3. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank,
other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company
becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is
a legally enforcible right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the net asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently carried at amortised costs using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint
ventures, are initially measured at fair value, which is normally the transaction price. Such assets are
subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that
investments in equity instruments that are not publically traded and whose fair values cannot be measured
reliably are measured at cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of
impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that
occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If
an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of
the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is
recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are
settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership
to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has
transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of
the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loans
from fellow group companies and preference shares that are classified as debt, are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities
classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


Abbots Park Management Company Limited (Registered number: 04677943)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

3. ACCOUNTING POLICIES - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or
less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction
price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or
cancelled.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of
the company.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are
required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to
terminate the employment of an employee or to provide termination benefits

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported
in the profit and loss account because it excludes items of income and expense that are taxable or deductible in
other years and it further excludes items that are never taxable or deductible. The company's liability for current
tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised
to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill
or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor
the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it
is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be
recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is
settled or the asset is realised. Deferred tax is charged or credited in the profit or loss account, except when it
relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.
Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current
tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Provisions
A provision is recognised in the balance sheet when the company has a constructive or legal obligation as a result
of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation. If
the effect is material, provisions are determined by discounting the expected future cash flows at the current time
value of money.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

Abbots Park Management Company Limited (Registered number: 04677943)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 4,571 3,867
Other debtors 11 11
Deferred tax asset 7,774 6,800
Prepayments and accrued income 1,306 -
13,662 10,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors 817 211
Tax 923 32
VAT 303 514
Accruals and deferred income 775 1,340
2,818 2,097

7. PROVISIONS FOR LIABILITIES
31.3.17 31.3.16
£    £   
Other provisions 38,870 34,000

Deferred Sinking
tax fund
£    £   
Balance at 1 April 2016 (6,800 ) 34,000
(Credit)/charge to Statement of Comprehensive Income during year (974 ) 4,870
Balance at 31 March 2017 (7,774 ) 38,870

Provisions for sinking fund are in relation to budgeted future expenditure of a capital nature at the Abbots Park
office park.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.17 31.3.16
value: £    £   
11 Ordinary £1 11 11
1 Special Golden £1 1 1
12 12

Abbots Park Management Company Limited (Registered number: 04677943)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

8. CALLED UP SHARE CAPITAL - continued

The Special share has the following rights:-

General meetings - the holder of the Special share receives notice and is entitled to attend a meeting of the
members of the company. Whilst the parent undertaking, Preston Brook Developments Limited holds the Special
share the ordinary shareholders' shares carry no voting rights except the right on winding up of a return of capital
paid up.

Board meetings - the holder of the Special share may appoint directors of the company.

Redemption - the Special share will be redeemable by the company on the later of the date on which 100% of the
properties to be constructed on the site are complete or ten years from the adoption of the Articles.

9. FIRST YEAR ADOPTION

The Company transitioned to FRS 102 from previously extant UK GAAP as at 1 April 2015. The impact of the
transition to FRS 102 is as follows:

Reconciliation of equity at 1 April 2015
£   
Equity at 1 April 2015 under previous UK GAAP 10,039
Deferred tax asset (see note a) 6,800
Equity shareholders funds at 1 April 2015 under FRS 102 16,839

Reconciliation of equity at 31 March 2016
£   
Equity at 31 March 2016 under previous UK GAAP 10,169
Deferred tax asset (see note a) 6,800
Equity shareholders funds at 31 March 2016 under FRS 102 16,969

Reconciliation of profit or loss at 31 March 2016
£   
Profit or loss at 31 March 2016 under previous UK GAAP 130
Deferred tax asset (see note a) 6,800
Profit or loss at 31 March 2016 under FRS 102 6,930

Notes to reconciliations on adoption of FRS 102

The following were changes in accounting policies arising from transition to FRS 102:

a) Deferred tax
On transition to FRS 102 the company has recognised a deferred tax asset on the provision for liabilities.


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Abbots Park Management Company Limited

The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and
certain other primary statements and the Report of the Directors are not required to be filed with the Registrar
of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Abbots Park Management Company Limited for the year ended 31 March 2017 which comprise
the Statement of Comprehensive Income, Balance Sheet, and the related notes from the company's accounting records
and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Abbots Park Management Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abbots Park Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Abbots Park Management Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbots Park Management Company Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abbots Park Management Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Abbots Park Management Company Limited. You consider that Abbots Park Management Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abbots Park Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Voisey & Co
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW


23 June 2017