Abingdon Court Freehold Limited - Limited company accounts 16.1

REGISTERED NUMBER: 01782462 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

ABINGDON COURT FREEHOLD LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

J B Childs

M A Forsyth

J C Mathew

V Guiraud

P Schmuki

C Magnus

E Bacon

SECRETARY:

M A Forsyth

REGISTERED OFFICE:

c/o Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

REGISTERED NUMBER:

01782462 (England and Wales)

ACCOUNTANTS:

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

The directors present their report with the financial statements of the company for the year ended 31 March 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2015 to the date of this

report.

J B Childs

M A Forsyth

J C Mathew

Other changes in directors holding office are as follows:

R T Judlin - resigned 14 January 2016

V Guiraud - appointed 14 January 2016

P Schmuki - appointed 14 January 2016

C Magnus - appointed 14 January 2016

E Bacon - appointed 14 January 2016

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in

accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law

the directors have elected to prepare the financial statements in accordance with United Kingdom Generally

Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company

law the directors must not approve the financial statements unless they are satisfied that they give a true and

fair view of the state of affairs of the company and of the profit or loss of the company for that period. In

preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain

the company's transactions and disclose with reasonable accuracy at any time the financial position of the

company and enable them to ensure that the financial statements comply with the Companies Act 2006. They

are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for

the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

M.A. Forsyth - Director

22 December 2016

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

the financial statements of Abingdon Court Freehold Limited for the year ended 31 March 2016 which

comprise the Profit and Loss Account, the Balance Sheet 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Abingdon Court Freehold Limited, 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 Abingdon Court Freehold Limited and state those matters that we have agreed to state to the Board of Directors of Abingdon Court Freehold Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abingdon Court Freehold Limited 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 loss of Abingdon Court Freehold Limited. You consider that Abingdon Court Freehold Limited 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 Abingdon Court Freehold Limited. 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.

Websters

12 Melcombe Place

Marylebone

London

NW1 6JJ

22 December 2016

TURNOVER

1,800

1,800

Administrative expenses

(2,032

)

(1,996

)

(232

)

(196

)

Other operating income

-

75

OPERATING LOSS

2

(232

)

(121

)

Interest receivable and similar income

23

22

LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION

(209

)

(99

)

Tax on loss on ordinary activities

3

-

-

LOSS FOR THE FINANCIAL YEAR

(209

)

(99

)

CURRENT ASSETS

Cash at bank

37,658

37,685

CREDITORS

Amounts falling due within one year

4

(4,663

)

(4,481

)

NET CURRENT ASSETS

32,995

33,204

TOTAL ASSETS LESS CURRENT LIABILITIES

32,995

33,204

CAPITAL AND RESERVES

Called up share capital

5

57

57

Capital reserve

6

39,754

39,754

Profit and loss account

6

(6,816

)

(6,607

)

SHAREHOLDERS' FUNDS

32,995

33,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 22 December 2016 and were signed on its behalf by:

M.A. Forsyth - 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 January 2015).

Turnover

Turnover consists of rent receivable.

2.	OPERATING LOSS

The operating loss is stated after charging:

31.3.16

31.3.15

£

£

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 March 2016 nor for

the year ended 31 March 2015.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Other creditors

4,663

4,481

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

57

Ordinary

1

57

57

6.

RESERVES

Profit

and loss

Capital

account

reserve

Totals

£

£

£

At 1 April 2015

(6,607

)

39,754

33,147

Deficit for the year

(209

)

(209

)

At 31 March 2016

(6,816

)

39,754

32,938

7.	RELATED PARTY DISCLOSURES

8.	FREEHOLD LAND AND BUILDINGS

All members of the Company have subscribed collectively to the cost of forming the company and

acquiring the freehold of Abingdon Court, in exchange for extended leases.

In the opinion of the directors the open market value of the freehold reversion is nil.

9.	INVESTMENT

The company holds 100 B Ordinary shares of 5 pence each in Abingdon Court (Tenants) Kensington

Limited, which manages the company's property. All (57) tenants are also members, each holding 1 A

Ordinary share of £1.

The cost of acquisition of the company's shareholding was nil and these shares have only nominal

value.