REGISTERED NUMBER: 06502543 (England and Wales)

ACCA LAND LIMITED

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

J S Sohal

L S Sohal

SECRETARY:

L S Sohal

REGISTERED OFFICE:

Ickleford Manor

Turnpike Lane

Ickleford

Hitchin

Hertfordshire

SG5 3XE

REGISTERED NUMBER:

06502543 (England and Wales)

ACCOUNTANTS:

Jones Hunt

Chartered Certified Accountants and

Chartered Tax Advisers

Ickleford Manor

Turnpike Lane

Hitchin

Herts

SG5 3XE

FIXED ASSETS

Tangible assets

4

80,478

20,264

Investment property

5

3,493,200

2,850,337

3,573,678

2,870,601

CURRENT ASSETS

Debtors

130,660

50,819

Cash at bank

79,163

167,056

209,823

217,875

CREDITORS

Amounts falling due within one year

1,232,143

936,253

NET CURRENT LIABILITIES

(1,022,320

)

(718,378

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,551,358

2,152,223

CREDITORS

Amounts falling due after more than one year

6

(1,313,033

)

(1,384,115

)

PROVISIONS FOR LIABILITIES

(176,157

)

(116,844

)

NET ASSETS

1,062,168

651,264

CAPITAL AND RESERVES

Called up share capital

10

10

Fair value reserve

8

851,364

570,849

Retained earnings

210,794

80,405

SHAREHOLDERS' FUNDS

1,062,168

651,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28th February 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 6th November 2017 and were signed on its behalf by:

L S Sohal - Director

J S Sohal - Director

1.	STATUTORY INFORMATION

ACCA Land 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.	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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Turnover also represents rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st March 2016

37,995

Additions

81,377

At 28th February 2017

119,372

DEPRECIATION

At 1st March 2016

17,731

Charge for year

21,163

At 28th February 2017

38,894

NET BOOK VALUE

At 28th February 2017

80,478

At 29th February 2016

20,264

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st March 2016

37,995

Additions

81,377

At 28th February 2017

119,372

DEPRECIATION

At 1st March 2016

17,731

Charge for year

21,163

At 28th February 2017

38,894

NET BOOK VALUE

At 28th February 2017

80,478

At 29th February 2016

20,264

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st March 2016

2,850,337

Additions

303,035

Revaluations

339,828

At 28th February 2017

3,493,200

NET BOOK VALUE

At 28th February 2017

3,493,200

At 29th February 2016

2,850,337

Fair value at 28th February 2017 is represented by:

£

Valuation in 2012

167,494

Valuation in 2013

126,921

Valuation in 2014

(74,265

)

Valuation in 2015

467,543

Valuation in 2017

339,828

Cost

2,465,679

3,493,200

If the investment properties had not been revalued they would have been included at the following historical cost:

2017

2016

£

£

Cost

2,465,679

2,162,644

The investment properties were valued on an open market basis on 28th February 2017 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2017

2016

£

£

Repayable by instalments

Bank loans more than 5 years

914,507

1,022,678

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

33

-

Bank loans

1,378,811

1,469,481

1,378,844

1,469,481

8.

RESERVES

Fair

value

reserve

£

At 1st March 2016

570,849

Deferred tax adjustment

(59,313

)

Fair value transfer

339,828

At 28th February 2017

851,364

9.	RELATED PARTY DISCLOSURES

ACCA Limited

A company in which Mr J S Sohal is a director and shareholder.

ACCA Land Limited has entered into the following transactions with ACCA Limited during the year under review:

Sales to

£100,000

Rent charged to

£170,255

Insurance charged to

£2,569

Amounts due to the related party at the balance sheet date is £1,007,360 (2016: £783,087).

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

Larentia Capital Limited

A company in which Mr J S Sohal is a director and joint shareholder.

ACCA Land Limited has entered into the following transactions with Larentia Capital Limited during the year under review:

Sales to

£4,250

Rent charged to

Nil

Purchases from

Nil

Amount due from related party at the balance sheet date is £51,567 (2016: £46,467)

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

SRK Group Limited

A company in which Mr L S Sohal is a director and joint shareholder.

Amount due from related party at the balance sheet date is £76,500 (2016: Nil)

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

J S Sohal

Company director and shareholder

No interest is payable on this loan and there are no agreed repayment terms.

Dividends were paid to the director J S Sohal during the year amounting to £1,089 (2016: £8,333).

L S Sohal and J S Sohal

Directors and shareholders

No interest is payable on these loans and there are no agreed repayment terms.

Dividends were paid to the director L S Sohal during the year amounting to £9,800 (2016: £75,000).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L S Sohal.

The following reproduces the text of the report prepared for the directors 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 Abridged Income Statement 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 ACCA Land Limited for the year ended 28th February 2017 which comprise the Abridged Income Statement, Abridged

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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of ACCA Land 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 ACCA Land Limited and state those matters that we have agreed to state to the Board of Directors of ACCA Land Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ACCA Land 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 profit of ACCA Land Limited. You consider that ACCA Land 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 ACCA Land 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.

Jones Hunt

Chartered Certified Accountants and

Chartered Tax Advisers

Ickleford Manor

Turnpike Lane

Hitchin

Herts

SG5 3XE

6th November 2017