Abna Property Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10733906 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2019

for

Abna Property Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

P M Collins

Mrs M A Collins

REGISTERED OFFICE:

3 The Croft

Great Melton

Norwich

Norfolk

NR9 3BG

REGISTERED NUMBER:

10733906 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Investment property

3

300,000

300,000

CURRENT ASSETS

Cash at bank

15,722

4,067

CREDITORS

Amounts falling due within one year

147,540

132,415

NET CURRENT LIABILITIES

(131,818

)

(128,348

)

TOTAL ASSETS LESS CURRENT LIABILITIES

168,182

171,652

CREDITORS

Amounts falling due after more than one year

4

(165,780

)

(165,780

)

PROVISIONS FOR LIABILITIES

(601

)

(601

)

NET ASSETS

1,801

5,271

CAPITAL AND RESERVES

Called up share capital

6

30

30

Fair value reserve

7

9,108

9,108

Retained earnings

(7,337

)

(3,867

)

SHAREHOLDERS' FUNDS

1,801

5,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 30th December 2019 and were signed on its behalf by:

P M Collins - Director

1.	STATUTORY INFORMATION

Abna Property Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property

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

fair value is recognised in profit or loss.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2018

and 30th April 2019

300,000

NET BOOK VALUE

At 30th April 2019

300,000

At 30th April 2018

300,000

Fair value at 30th April 2019 is represented by:

£

Valuation in 2018

300,000

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2019

2018

£

£

Repayable otherwise than by instalments

Mortgage more 5 yrs non-inst

165,780

165,780

5.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

165,780

165,780

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

10

A Ordinary

£1

10

10

10

B Ordinary

£1

10

10

10

C Ordinary

£1

10

10

30

30

7.

RESERVES

Fair

value

reserve

£

At 1st May 2018

and 30th April 2019

9,108

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Abna Property Ltd for the year ended 30th April 2019 which comprise the Income Statement,

Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Abna Property Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abna Property Ltd and state those matters that we have agreed to state to the Board of Directors of Abna Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abna Property Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abna Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abna Property Ltd. You consider that Abna Property Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abna Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

30th December 2019