ABP Southampton Properties Limited 01921515 true false 0 2016-01-01 2016-12-31 The directors acknowledge their responsibilities for: (a) ensuring that the company keeps accounting records which comply with section 386 and 387 of the Companies Act 2006; and (b) preparing accounts 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 accounts, so far as applicable to the company. 01921515 2016-01-01 2016-12-31 01921515 2015-12-31 01921515 2016-12-31 01921515 uk-bus:Director1 2016-01-01 2016-12-31 01921515 uk-bus:Director2 2016-01-01 2016-12-31 01921515 uk-bus:OrdinaryShareClass1 2016-01-01 2016-12-31 01921515 uk-bus:OrdinaryShareClass1 2016-12-31 01921515 uk-bus:OrdinaryShareClass1 2015-12-31 iso4217:GBP xbrli:shares
Registered Number: 01921515

ABP Southampton Properties Limited

Report of Directors and Abbreviated Company Accounts

31 December 2016
ABP Southampton Properties Limited Registered Number: 01921515

REPORT OF DIRECTORS

The directors present their report and accounts for the year ended 31 December 2016.


Review of Business

The company is dormant and has not traded during the financial year or subsequent to the year end.


Directors

The following persons served as directors during the year:
George Sebastian Matthew Bull
Huw Einar Turner

Approved by the board on 10 May 2017 and signed on its behalf by:




George Sebastian Matthew Bull

Director
ABP Southampton Properties Limited Registered Number: 01921515

BALANCE SHEET

as at 31 December 2016
  Notes   2016   2015
      £   £
Fixed assets
Investments 2   9,164,114   9,164,114
Current Assets
Total assets less current liabilities     9,164,114   9,164,114
 
Capital and reserves
Called up share capital 3   21,448,642   21,448,642
Other reserves     2,185,604   2,185,604
Profit and Loss Account 4   (14,470,132)   (14,470,132)
Total Shareholder's funds     9,164,114   9,164,114


The company was entitled to exemption under section 480 of the Companies Act 2006 for the year ended 31 December 2016.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

  1. ensuring that the company keeps accounting records which comply with section 386 and 387 of the Companies Act 2006; and
  2. preparing accounts 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 accounts, 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 accounts were approved by the board on 10 May 2017 and signed on its behalf by:




George Sebastian Matthew Bull

Director
ABP Southampton Properties Limited Registered Number: 01921515

NOTES TO THE ACCOUNTS

for the year ended 31 December 2016
1 Accounting policies
  The accounts have been prepared in accordance with the provisions of the Financial Reporting Standard applicable in the UK and Republic of Ireland, Section 1A Small Entities.

Consolidation exemption:
These separate financial statements contain information about ABP Southampton Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken advantage of the exemption available under s400 of the Companies Act 2006 from the requirement to prepare consolidated financial statements.


Financial instruments:
Other creditors are recognised initially at fair value and subsequently measured at amortised cost, using the effective interest method.

Investments:

Investments in subsidiaries are stated at cost. The company assesses at each reporting date whether there is any indication that the investment may be impaired.
ABP Southampton Properties Limited Registered Number: 01921515

NOTES TO THE ACCOUNTS

for the year ended 31 December 2016 (continued)
2 Investments (fixed assets)
  Investments relate to amounts due from group undertakings and investments in subsidiary undertakings.

Amounts due from group undertakings are non-interest bearing, have no fixed terms of repayment and their carrying value approximates to their fair value. Amounts due from group undertakings are not overdue for repayment and are not considered to be impaired. Amounts have been included in fixed assets in the balance sheet to reflect the expected repayment timing at the respective balance sheet date. Further details on amounts due from group undertakings are disclosed in note 6.

Given the counterparties of amounts due from group undertakings, management considers the company’s exposure to credit risk to be minimal. The maximum exposure to credit risk at the reporting date is the carrying amount of the asset shown above.

The company does not hold any collateral as security. The amounts due from group undertakings are denominated in sterling.

The company holds the whole of the ordinary share capital of ABP Connect Limited and Marine Environmental Research Limited, both being dormant, unlisted private limited liability companies which are incorporated and domiciled in England and Wales.
ABP Connect Limited had no profit or loss for the year (2016: £nil) and had a shareholder deficit of £139,000 at 31 December 2016 (2016: deficit £139,000).

Marine Environmental Research Limited had no profit or loss for the year (2016: £nil) and had shareholder funds of £nil at 31 December 2016 (2016: £nil).
ABP Southampton Properties Limited Registered Number: 01921515

NOTES TO THE ACCOUNTS

for the year ended 31 December 2016 (continued)
3 Share capital
 
  2016   2015
  £   £
Allotted, called up and fully paid
21,448,642 Ordinary shares of £1 each 21,448,642   21,448,642
 
4 Profit and loss account
  The company has not traded during the years ended 31 December 2016 and 2015; consequently no income statement has been presented.
 
5 Transactions with directors
  The directors believe that their services to the company are incidental to their role as executives for other group companies and therefore consider that they receive no remuneration in respect of qualifying services to this company (2016: £nil).
 
6 Related party disclosures
  There were no related party transactions during the year or prior year. Amounts due from group undertakings arose in previous years. As at 31 December 2016, £5,101,578 (2015: £5,101,578) is due from the company’s immediate parent undertaking, Grosvenor Waterside (Holdings) Limited and £4,062,336 (2016: £4,062,336) is due from the company’s fellow group undertaking, Associated British Ports.
 
7 Controlling party
  The company is a limited liability company registered in England and Wales.
The company's immediate parent company is Grosvenor Waterside (Holdings) Limited.

The company's intermediate parent undertaking is Associated British Ports Holdings Limited (“ABPH”) which produces IFRS financial statements that are available from its registered office at 25 Bedford Street, London, WC2E 9ES. The consolidated financial statements of ABPAH are the smallest group in which the company is included.

The ultimate parent undertaking and controlling party is ABP (Jersey) Limited, which produces IFRS consolidated financial statements that are available from 44 Esplanade, St Helier, Jersey, JE4 9WG. The consolidated financial statements of ABP (Jersey) Limited are the largest group in which the company is included.