Registered number
05427077
ABBERGATE DEVELOPMENTS LIMITED
Abbreviated Accounts
30 April 2016
ABBERGATE DEVELOPMENTS LIMITED
Registered number: 05427077
Abbreviated Balance Sheet
as at 30 April 2016
Notes 2016 2015
£ £
Current assets
Development land and buildings 538,462 1,380,268
Cash at bank and in hand 19,220 16,440
557,682 1,396,708
Creditors: amounts falling due within one year (602,266) (896,678)
Net current (liabilities)/assets (44,584) 500,030
Total assets less current liabilities (44,584) 500,030
Creditors: amounts falling due after more than one year (105,211) (649,825)
Net liabilities (149,795) (149,795)
Capital and reserves
Called up share capital 2 100 100
Profit and loss account (149,895) (149,895)
Shareholders' funds (149,795) (149,795)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
K Hollyoake
Director
Approved by the board on 8 February 2017
ABBERGATE DEVELOPMENTS LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 April 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stock of development land and buildings is valued at the lower of cost and net realisable value.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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