REGISTERED NUMBER: 02156990 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABLE PROPERTY DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A H Fakih

Ms L Fakih

REGISTERED OFFICE:

10 London Mews

London

W2 1HY

REGISTERED NUMBER:

02156990 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

London

W21HY

CURRENT ASSETS

Debtors

4

44,678

44,678

Cash at bank

4,183

24,692

48,861

69,370

CREDITORS

Amounts falling due within one year

5

78,015

99,079

NET CURRENT LIABILITIES

(29,154

)

(29,709

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,154

)

(29,709

)

CREDITORS

Amounts falling due after more than one year

6

308,901

307,700

NET LIABILITIES

(338,055

)

(337,409

)

CAPITAL AND RESERVES

Called up share capital

7

15,000

15,000

Retained earnings

(353,055

)

(352,409

)

SHAREHOLDERS' FUNDS

(338,055

)

(337,409

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 4 December 2017 and were signed on its behalf by:

A H Fakih - Director

1.	STATUTORY INFORMATION

Able Property Developments 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.

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.

Going concern

At the balance sheet date the company has a deficiency of assets. The accounts have been prepared on a going concern

basis, as the director is satisfied that the company will continue to receive the support of its loan creditors.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and

liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement

constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts

discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective

interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

44,678

44,678

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

549

-

Amounts owed to group undertakings

50,490

50,490

Other creditors

26,976

48,589

78,015

99,079

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

308,901

307,700

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

500,000

Ordinary

£0.10

15,000

15,000

8.	RELATED PARTY DISCLOSURES

9.	FIRST YEAR ADOPTION

This the first year that the company has presented its results under FRS 102. The last financial statements under UK GAAP

were for the year ended 31 March 2016. The date of transition to FRS 102 was 1 April 2015. There was no adjustments

arising from the first time adoption of FRS 102.