Company Registration No. 01647820 (England and Wales)
ABL (HOLDING) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
ABL (HOLDING) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABL (HOLDING) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
7,508,445
7,066,999
Current assets
Debtors
116,305
115,682
Creditors: amounts falling due within one year
(64,440)
(17,360)
Net current assets
51,865
98,322
Total assets less current liabilities
7,560,310
7,165,321
Provisions for liabilities
(783,214)
(760,660)
6,777,096
6,404,661
Capital and reserves
Called up share capital
3
2,115
2,115
Share premium account
2,012,985
2,012,985
Profit and loss account
4,761,996
4,389,561
Shareholders'  funds
6,777,096
6,404,661
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 January 2018
N P L Andrews
Director
Company Registration No. 01647820
ABL (HOLDING) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects.

1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Fixed asset investments in trading LLPs are stated at the value of the members' capital account in the LLP at the balance sheet date.
1.5
Retirement benefits

The company provides pension benefits for senior employees. Under the terms of the pension contracts entered into with the senior employees, fixed sums are provided for now in order to provide pension benefits to the individuals upon their retirement. The pension contracts allow for an annual increase in respect of indexation over and above the initial contracted amount.

The directors consider that the pension arrangement most closely reflects the characteristics of a defined contribution scheme as the company’s contributions are fixed until the point of retirement at which point any further contributions of annual increases cease. Further information can be found in note 9 to the financial statements.

2
Fixed assets
Investments
£
Cost
At 1 August 2015
7,066,999
Additions
441,446
At 31 July 2016
7,508,445
At 31 July 2015
7,066,999
ABL (HOLDING) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of 1p each
100
100
2,015 Preferred Ordinary shares of £1 each
2,015
2,015
2,115
2,115
4
Control
The company is ultimately controlled by P M Andrews and his immediate family.
5
Related party relationships and transactions

Included in other debtors at the balance sheet date is an amount owed by the director, N P L Andrews of £15,304 (2015: £14,834). The maximum amount outstanding during the period was £15,304.

 

Included in other creditors at the balance sheet date is an amount owed to the director, P M Andrews of £6,860 (2015: £6,860).

 

There are cross guarantees between the company and PSV Glass LLP in respect of amounts owed to the bank.

 

During the period the company received its profit share of £650,000 (2015: £400,000) from PSV Glass LLP.

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