REGISTERED NUMBER: 01175835 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Abbeygate Enterprises Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

DIRECTORS:

Mr M Georgiou

Mrs A Georgiou

Mr N Georgiou

Mrs V Georgiou-Holden

SECRETARY:

Mrs A Georgiou

REGISTERED OFFICE:

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

REGISTERED NUMBER:

01175835 (England and Wales)

ACCOUNTANTS:

Knights Lowe

Chartered Accountants

Eldo House, Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Tangible assets

2

308

273

Investments

3

55,830

55,830

Investment property

4

1,584,000

1,584,000

1,640,138

1,640,103

CURRENT ASSETS

Stocks

4,932

4,932

Debtors

13,489

13,772

Cash at bank

241,702

223,715

260,123

242,419

CREDITORS

Amounts falling due within one year

118,967

100,490

NET CURRENT ASSETS

141,156

141,929

TOTAL ASSETS LESS CURRENT LIABILITIES

1,781,294

1,782,032

CAPITAL AND RESERVES

Called up share capital

5

150,000

150,000

Revaluation reserve

980,647

980,647

Profit and loss account

650,647

651,385

SHAREHOLDERS' FUNDS

1,781,294

1,782,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 December 2016 and were signed on its behalf by:

Mr N Georgiou - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective January 2015).

Turnover

Rent represents the total rent due spread evenly over the period of the lease to which it relates.

.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Investment property

In accordance with the Financial Reporting Standard for Smaller Entities, the valuations of the investment

properties are reviewed annually and are shown in the financial statements at valuation. Temporary changes in

the value of investment properties are included as a movement on the revaluation reserve. A permanent

deficit or its reversal is charged to the profit and loss account. This represents a departure from the Companies

Act in that depreciation has not been charged. This departure is considered necessary by the directors to show

a true and fair view.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Investments

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

Impairment

At each reporting date, fixed assets, including tangible fixed assets, are assessed to determine whether there is

an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset

should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which

is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount.

If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated

recoverable amount and an impairment loss is recognised in profit and loss.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

25,986

Additions

333

Disposals

(669

)

At 31 July 2016

25,650

DEPRECIATION

At 1 August 2015

25,713

Charge for year

33

Eliminated on disposal

(404

)

At 31 July 2016

25,342

NET BOOK VALUE

At 31 July 2016

308

At 31 July 2015

273

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2015

and 31 July 2016

55,830

NET BOOK VALUE

At 31 July 2016

55,830

At 31 July 2015

55,830

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 August 2015

and 31 July 2016

1,584,000

NET BOOK VALUE

At 31 July 2016

1,584,000

At 31 July 2015

1,584,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

150,000

Ordinary

£1

150,000

150,000