REGISTERED NUMBER: 07327710 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2017 to 31 March 2018

for

AABAN PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Iqbal

A Hussain

REGISTERED OFFICE:

1 Mead Way

Shuttleworth Mead Business Park

Padiham

Lancashire

BB12 7NG

REGISTERED NUMBER:

07327710 (England and Wales)

ACCOUNTANTS:

Haworths Limited

Chartered Accountants

The Old Tannery

Eastgate

Accrington

Lancashire

BB5 6PW

FIXED ASSETS

Tangible assets

5

1,557,231

856,118

CURRENT ASSETS

Debtors

6

8,400

3,992

CREDITORS

Amounts falling due within one year

7

580,252

520,189

NET CURRENT LIABILITIES

(571,852

)

(516,197

)

TOTAL ASSETS LESS CURRENT LIABILITIES

985,379

339,921

CREDITORS

Amounts falling due after more than one year

8

1,138,377

467,512

NET LIABILITIES

(152,998

)

(127,591

)

CAPITAL AND RESERVES

Called up share capital

10

360

360

Retained earnings

(153,358

)

(127,951

)

SHAREHOLDERS' FUNDS

(152,998

)

(127,591

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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 24 July 2018 and were signed on its behalf by:

N Iqbal - Director

1.	STATUTORY INFORMATION

Aaban Partnership 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

During the period the company met its day to day working capital requirements by the financial support of its

directors and associated other businesses. The directors have agreed to continue to support the company by way

of loans to the company.

On this basis, the directors consider it to be appropriate to prepare the accounts on the going concern basis. The

financial statements do not include any adjustments that would result from a withdrawal of this support.

Tangible fixed assets

The building is currently under construction, therefore no depreciation has been charged.

Taxation

Taxation for the period 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 material 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 period 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2017 - NIL).

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 August 2017

856,118

Additions

701,113

At 31 March 2018

1,557,231

NET BOOK VALUE

At 31 March 2018

1,557,231

At 31 July 2017

856,118

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

8,400

3,992

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

10,730

945

Trade creditors

-

2,400

Other creditors

569,522

516,844

580,252

520,189

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

1,138,377

467,512

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdrafts

10,730

945

Bank loans

1,138,377

467,512

1,149,107

468,457

Bank borrowings are secured by a fixed and floating charge on the property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

360

Ordinary

£1

360

360

11.	RELATED PARTY DISCLOSURES

Included in other creditors is a loan from Pathways North West Limited of £288,874 (2017 - £148,391). N Iqbal

and A Hussain are also directors of this company. Also included in other creditors are loans of £138,377 from

each of the directors (2017- £180,877 each). There is no interest payable on these loans.