Abundant Properties Limited

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		150,561		150,659

			150,561		150,659
CURRENT ASSETS
Debtors		7,126		1,773
Cash at bank and in hand		2,454		4,770

		9,580		6,543
Creditors: Amounts Falling Due Within One Year		(5,690 )		(6,185 )

NET CURRENT ASSETS (LIABILITIES)			3,890		358

TOTAL ASSETS LESS CURRENT LIABILITIES			154,451		151,017

Creditors: Amounts Falling Due After More Than One Year	3		(111,826 )		(113,141 )

NET ASSETS			42,625		37,876

CAPITAL AND RESERVES
Called up share capital	4		100		100
Revaluation reserve			56,580		56,580
Profit and Loss Account			(14,055 )		(18,804 )

SHAREHOLDERS' FUNDS			42,625		37,876

Company No. 7384675

Abbreviated Balance Sheet (continued) 31 March 2016

For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Martin MacDonald	Mr Barry Rooks
15th December 2016

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Fixtures & Fittings	15% reducing balance

2. Tangible Assets


	Total
Cost	£
As at 1 April 2015	151,456

As at 31 March 2016	151,456

Depreciation
As at 1 April 2015	797
Provided during the period	98

As at 31 March 2016	895

Net Book Value
As at 31 March 2016	150,561

As at 1 April 2015	150,659

3. Creditors: Amounts Falling Due After More Than One Year

	2016	2015
	£	£
Bank loans	108,740	108,740
Directors loan account	3,086	4,401

	111,826	113,141

Page 2

Abundant Properties Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2016

4. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	100	100	100