Abbey Lodge (Sunderland) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05067876 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Abbey Lodge (Sunderland) Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Conlon

Miss P Cowans

REGISTERED OFFICE:

115 Chester Road

Sunderland

Tyne and Wear

SR4 7HG

REGISTERED NUMBER:

05067876 (England and Wales)

ACCOUNTANTS:

Michael Adamson & Co

Chartered Certified Acc'ts

115 Chester Road

Sunderland

SR4 7HG

FIXED ASSETS

Intangible assets

4

1,657

1,930

Tangible assets

5

1,564

2,085

3,221

4,015

CURRENT ASSETS

Debtors

3,232

3,536

Cash at bank and in hand

3,980

4,972

7,212

8,508

CREDITORS

Amounts falling due within one year

7,875

10,880

NET CURRENT LIABILITIES

(663

)

(2,372

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,558

1,643

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

2,458

1,543

SHAREHOLDERS' FUNDS

2,558

1,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors on 27 February 2019 and were signed on its behalf by:

Mr G Conlon - Director

Miss P Cowans - Director

1.	STATUTORY INFORMATION

Abbey Lodge (Sunderland) 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.

Turnover

Turnover represents fees received in return for providing accommodation to clients

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the statement of financial position 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 3 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

5,450

AMORTISATION

At 1 April 2017

3,520

Amortisation for year

273

At 31 March 2018

3,793

NET BOOK VALUE

At 31 March 2018

1,657

At 31 March 2017

1,930

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

24,572

DEPRECIATION

At 1 April 2017

22,487

Charge for year

521

At 31 March 2018

23,008

NET BOOK VALUE

At 31 March 2018

1,564

At 31 March 2017

2,085

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary shares

100

100

100

7.

RESERVES

Retained

earnings

£

At 1 April 2017

1,543

Profit for the year

915

At 31 March 2018

2,458

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 March 2018 and 31 March 2017:

31.3.18

31.3.17

£

£

Mr G Conlon and Miss P Cowans

Balance outstanding at start of year

1,428

3,375

Amounts advanced

2,729

-

Amounts repaid

-

(1,947

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,157

1,428