Ablecorp Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09329799 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

ABLECORP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Triantafyllidis

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

09329799 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

-

335,923

Investment property

5

1,175,000

766,783

1,175,000

1,102,706

CURRENT ASSETS

Cash at bank and in hand

218,588

17,132

CREDITORS

Amounts falling due within one year

6

1,302,286

1,123,618

NET CURRENT LIABILITIES

(1,083,698

)

(1,106,486

)

TOTAL ASSETS LESS CURRENT LIABILITIES

91,302

(3,780

)

PROVISIONS FOR LIABILITIES

7

1,757

-

NET ASSETS/(LIABILITIES)

89,545

(3,780

)

CAPITAL AND RESERVES

Called up share capital

8

300

300

Retained earnings

9

89,245

(4,080

)

SHAREHOLDERS' FUNDS

89,545

(3,780

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 11 June 2018 and were signed by:

Mr G Triantafyllidis - Director

1.	STATUTORY INFORMATION

Ablecorp 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.

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.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Improvements

to

property

£

COST

At 1 December 2016

335,923

Reclassification/transfer

(335,923

)

At 30 November 2017

-

NET BOOK VALUE

At 30 November 2017

-

At 30 November 2016

335,923

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2016

766,783

Revaluations

72,294

Reclassification/transfer

335,923

At 30 November 2017

1,175,000

NET BOOK VALUE

At 30 November 2017

1,175,000

At 30 November 2016

766,783

Fair value at 30 November 2017 is represented by:

£

Valuation in 2017

72,294

Cost

1,102,706

1,175,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Tax

4,483

-

Directors' current accounts

1,297,803

1,123,618

1,302,286

1,123,618

7.	PROVISIONS FOR LIABILITIES

30.11.17

30.11.16

£

£

Deferred tax

1,757

-

Deferred

tax

£

Provided during year

1,757

Balance at 30 November 2017

1,757

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.17

30.11.16

value:

£

£

300

Ordinary Shares

£1

300

300

9.

RESERVES

£

Distributable reserves

70,537

Non distributable reserves

18,708

Total Reserves as at 30.11.2017

89,245