Agape Properties Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08446824 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2017

FOR

AGAPE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

F Perticarari

REGISTERED OFFICE:

111 Vita Apartments

1 Caithness Walk

Croydon

Surrey

CR0 2WD

REGISTERED NUMBER:

08446824 (England and Wales)

ACCOUNTANTS:

Hilton Sharp & Clarke Limited

30 New Road

Brighton

East Sussex

BN1 1BN

FIXED ASSETS

Investment property

4

543,460

-

CURRENT ASSETS

Stocks

5

28,855

230,822

Debtors

6

9,119

-

Cash at bank

3,049

41

41,023

230,863

CREDITORS

Amounts falling due within one year

7

426,413

237,856

NET CURRENT LIABILITIES

(385,390

)

(6,993

)

TOTAL ASSETS LESS CURRENT LIABILITIES

158,070

(6,993

)

CREDITORS

Amounts falling due after more than one year

8

151,500

-

NET ASSETS/(LIABILITIES)

6,570

(6,993

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

6,894

-

Retained earnings

(1,324

)

(7,993

)

SHAREHOLDERS' FUNDS

6,570

(6,993

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2017 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 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 director on 24 December 2017 and were signed by:

F Perticarari - Director

1.	STATUTORY INFORMATION

Agape Properties 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.

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 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 5 April 2017 are the first that are prepared in accordance with FRS 102 Section

1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS 102

Section 1A is 6 April 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

536,566

Revaluations

6,894

At 5 April 2017

543,460

NET BOOK VALUE

At 5 April 2017

543,460

Fair value at 5 April 2017 is represented by:

£

Valuation in 2017

6,894

Cost

536,566

543,460

5.

STOCKS

2017

2016

£

£

Stocks

28,855

230,822

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments and accrued income

9,119

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

122,340

-

Taxation and social security

1,583

-

Other creditors

302,490

237,856

426,413

237,856

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

151,500

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

151,500

-