REGISTERED NUMBER: 03242894 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

ABEL PROPERTY DEVELOPMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J Abel

H Abrahams

M Marshall

J D Abel

H D Abel

SECRETARY:

M Marshall

REGISTERED OFFICE:

3 Blacklands Crescent

Forest Row

East Sussex

RH18 5NN

REGISTERED NUMBER:

03242894 (England and Wales)

ACCOUNTANTS:

Charles Lamb

Chartered Accountants

3 Blacklands Crescent

Forest Row

East Sussex

RH18 5NN

FIXED ASSETS

Investment property

2

2,915,000

2,915,000

CURRENT ASSETS

Debtors

995,123

1,360,839

Cash at bank

23,518

51,587

1,018,641

1,412,426

CREDITORS

Amounts falling due within one year

667,422

636,798

NET CURRENT ASSETS

351,219

775,628

TOTAL ASSETS LESS CURRENT LIABILITIES

3,266,219

3,690,628

CREDITORS

Amounts falling due after more than one year

3

230,000

325,000

NET ASSETS

3,036,219

3,365,628

CAPITAL AND RESERVES

Called up share capital

4

800,000

800,000

Revaluation reserve

2,202,242

2,202,242

Profit and loss account

33,977

363,386

SHAREHOLDERS' FUNDS

3,036,219

3,365,628

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 14 November 2016 and were signed on its behalf by:

J D Abel - 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).

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 August 2015

and 31 July 2016

2,915,000

NET BOOK VALUE

At 31 July 2016

2,915,000

At 31 July 2015

2,915,000

3.

CREDITORS

Creditors include an amount of £ 230,000 (2015 - £ 325,000 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

800,000

Ordinary

£1

800,000

800,000

5.	ULTIMATE PARENT COMPANY

Abel Property Group Limited is regarded by the directors as being the company's ultimate parent company.