ABORA PROPERTIES LIMITED Accounts filed on 31-10-2015

ABORA PROPERTIES LIMITED - Company Information

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ABORA PROPERTIES LIMITED

Company Registration Number:
02214297 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st November 2014

End date: 31st October 2015

SUBMITTED

Company Information
for the Period Ended 31st October 2015

Director:		C.A.W.Smith
		J. Smith






Registered office:		6b Calpe Yard
		St Thomas Street

		Winchester
		Hampshire
		SO23 9HE




Company Registration Number:		02214297 (England and Wales)

Abbreviated Balance sheet
As at 31st October 2015

	Notes	2015 £	2014 £
Fixed assets
Tangible assets:	3	2,220,000	1,950,000
Total fixed assets:		2,220,000	1,950,000
Current assets
Debtors:	4	2,025	878
Cash at bank and in hand:		16,584	98,170
Total current assets:		18,609	99,048
Creditors
Creditors: amounts falling due within one year	5	9,689	97,024
Net current assets (liabilities):		8,920	2,024
Total assets less current liabilities:		2,228,920	1,952,024
Creditors: amounts falling due after more than one year:	6	731,730	740,992
Total net assets (liabilities):		1,497,190	1,211,032

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st October 2015
continued

	Notes	2015 £	2014 £
Capital and reserves
Called up share capital:	7	2	2
Revaluation reserve:		1,218,765	948,765
Profit and Loss account:		278,423	262,265
Total shareholders funds:		1,497,190	1,211,032

For the year ending 31 October 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 11 April 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: C.A.W.Smith
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements are prepared under the historical cost convention modified to include the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets depreciation policy

Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows: Land and buildings - In accordance with SSAP 19 no depreciation is provided for.

Valuation information and policy

The company confirm that the properties they own are investment properties. Andrew Smith, a Director and qualified Surveyor and Valuer has undertaken an open market valuation of these properties as at 31st October 2015. The valuation of these investment properties is £2,220,000. The difference of £1,218,765 between this figure and cost has been taken to Revaluation Reserve.

Other accounting policies

Deferred Taxation - These accounts do not follow FRS19 and do not account for deferred taxation.

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

3. Tangible assets

	Total
Cost	£
At 01st November 2014:	1,950,000
Revaluations:	270,000
At 31st October 2015:	2,220,000
Net book value
At 31st October 2015:	2,220,000
At 31st October 2014:	1,950,000

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

4. Debtors

	2015 £	2014 £
Trade debtors:	2,025	878
Total:	2,025	878

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

5. Creditors: amounts falling due within one year

	2015 £	2014 £
Taxation and social security:	4,052	20,000
Accruals and deferred income:	3,996	781
Other creditors:	1,641	76,243
Total:	9,689	97,024

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

6. Creditors: amounts falling due after more than one year

	2015 £	2014 £
Bank loans and overdrafts:	731,730	740,992
Total:	731,730	740,992

The Company has 4 loans secured by first charges on investment properties and are all repayable within 4 years. Lloyds Bank (2 loans) £341,580 Paragon (2 loans) £390,150

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

7. Called up share capital

Allotted, called up and paid

Previous period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	2	1.00 1.00	2
Total share capital:			2

Current period			2015
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	2	1.00 1.00	2
Total share capital:			2

ABORA PROPERTIES LIMITED Accounts filed on 31-10-2015