Abbeybeck Estates Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04374459 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

ABBEYBECK ESTATES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Pala

SECRETARY:

KP Pala

REGISTERED OFFICE:

220 Green Street

Forest Gate

London

E7 8LE

REGISTERED NUMBER:

04374459 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

2

4,982,367

4,962,367

CURRENT ASSETS

Debtors

21,986

38,155

Cash at bank and in hand

144,549

106,001

166,535

144,156

CREDITORS

Amounts falling due within one year

1,162,740

1,190,784

NET CURRENT LIABILITIES

(996,205

)

(1,046,628

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,986,162

3,915,739

CREDITORS

Amounts falling due after more than one year

3

3,372,245

3,405,038

NET ASSETS

613,917

510,701

CAPITAL AND RESERVES

Called up share capital

4

100,000

98,649

Revaluation reserve

126,602

126,602

Profit and loss account

387,315

285,450

SHAREHOLDERS' FUNDS

613,917

510,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 June 2015 and were signed by:

S Pala - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the total invoice value, excluding value added tax, of rental income made during the year

and expenses recharged to the tenants.

Tangible fixed assets

No provision is made for depreciation of freehold properties or for long leasehold properties. This departure

from the Companies Act 2006, which requires properties to be depreciated is, in the opinion of the directors,

necessary for the financial statements to show a true and fair view. Depreciation is one of the factors reflected in

the annual valuation and therefore cannot be separately quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

4,962,367

Additions

20,000

At 30 September 2014

4,982,367

NET BOOK VALUE

At 30 September 2014

4,982,367

At 30 September 2013

4,962,367

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

1,806,450

1,914,805

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100,000

Ordinary

1

100,000

98,649