Abernethy Estates Limited Filleted accounts for Companies House (small and micro)

ABERNETHY ESTATES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 01111947

Abernethy Estates Limited

Filleted Financial Statements

31 March 2018

Abernethy Estates Limited

Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Current assets

Debtors	4	325		325

Creditors: amounts falling due within one year	5	9,137		8,867
		-------		-------
Net current liabilities			8,812	8,542
			-------	-------
Total assets less current liabilities			( 8,812)	( 8,542)
			-------	-------

Capital and reserves

Called up share capital	1,010	1,010
Profit and loss account	( 9,822)	( 9,552)
	-------	-------
Shareholders deficit	( 8,812)	( 8,542)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 30 October 2018 , and are signed on behalf of the board by:

Mrs D. Feldman

Director

Company registration number: 01111947

Abernethy Estates Limited

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House,, 1 Hallswelle Road,, London,, NW11 ODH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Debtors

	2018	2017
	£	£
Other debtors	325	325
	----	----

5. Creditors: amounts falling due within one year

	2018	2017
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,268	1,268
Amounts owed to related companies	6,386	6,026
Other creditors	1,483	1,573
	-------	-------
	9,137	8,867
	-------	-------

6. Summary audit opinion

The auditor's report for the year dated 30 October 2018 was unqualified.

The senior statutory auditor was Dr P.P.Smulovitch , for and on behalf of Gerald Kreditor & Co. .

7. Related party transactions

Loan account balances with related companies are disclosed separately in the debtors and creditors notes to the accounts.