Abbeygate Enterprises Ltd - Limited company - abbreviated - 11.6

Abbeygate Enterprises Ltd - Limited company - abbreviated - 11.6

ABBEYGATE ENTERPRISES LIMITED - Company Information

Print Friendly Version

01175835 1.8.13 31.7.14 31.7.14 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure011758352013-07-31011758352014-07-31011758352013-08-012014-07-31011758352012-07-31011758352012-08-012013-07-31011758352013-07-3101175835ns14:PoundSterling2013-08-012014-07-3101175835ns7:Director12013-08-012014-07-3101175835ns7:OrdinaryShareClass12013-08-012014-07-3101175835ns7:Director22013-08-012014-07-3101175835ns7:Director32013-08-012014-07-3101175835ns7:Director42013-08-012014-07-3101175835ns7:CompanySecretary2013-08-012014-07-3101175835ns7:RegisteredOffice2013-08-012014-07-3101175835ns7:EntityAccountantsOrAuditors2013-08-012014-07-3101175835ns7:EntityLawyersOrLegalAdvisers2013-08-012014-07-3101175835ns5:InvestmentProperties2014-07-3101175835ns5:InvestmentProperties2013-07-3101175835ns5:ImprovementsOrDevelopmentAssets2013-08-012014-07-3101175835ns5:FixturesFittings2013-08-012014-07-3101175835ns5:FixedAssetInvestmentsOtherThanLoans2014-07-3101175835ns5:FixedAssetInvestmentsOtherThanLoans2013-07-3101175835ns5:InvestmentProperties2013-07-3101175835ns5:InvestmentProperties2013-08-012014-07-3101175835ns7:OrdinaryShareClass12014-07-3101175835ns7:OrdinaryShareClass12013-07-31
REGISTERED NUMBER: 01175835











Abbreviated Unaudited Accounts

for the Year Ended 31 July 2014

for

Abbeygate Enterprises Ltd

Abbeygate Enterprises Ltd (Registered number: 01175835)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2014




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

Abbeygate Enterprises Ltd

Company Information
for the Year Ended 31 July 2014







DIRECTORS: Mr M Georgiou
Mrs A Georgiou
Mr N Georgiou
Mrs V Georgiou-Holden



SECRETARY: Mrs A Georgiou



REGISTERED OFFICE: 5 Rembrandt Way
Bury St Edmunds
Suffolk
IP33 2LP



REGISTERED NUMBER: 01175835



ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR



SOLICITORS: Gross & Co
84 Guildhall Street
Bury St Edmunds
Suffolk
IP33 1PR
Page 1
Abbeygate Enterprises Ltd (Registered number: 01175835)

Abbreviated Balance Sheet
31 July 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 341 410
Investments 3 55,830 55,830
Investment property 4 1,584,000 1,379,253
1,640,171 1,435,493

CURRENT ASSETS
Stocks 4,932 6,000
Debtors 45,426 52,373
Cash at bank 204,467 204,424
254,825 262,797
CREDITORS
Amounts falling due within one year 103,593 111,019
NET CURRENT ASSETS 151,232 151,778
TOTAL ASSETS LESS CURRENT LIABILITIES 1,791,403 1,587,271

CAPITAL AND RESERVES
Called up share capital 5 150,000 150,000
Revaluation reserve 980,647 775,902
Profit and loss account 660,756 661,369
SHAREHOLDERS' FUNDS 1,791,403 1,587,271

The notes on pages 4 to 5 form part of these abbreviated accounts

Page 2 continued...
Abbeygate Enterprises Ltd (Registered number: 01175835)

Abbreviated Balance Sheet - continued
31 July 2014


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 17 December 2014 and were signed on its behalf
by:





Mr N Georgiou - Director


The notes on pages 4 to 5 form part of these abbreviated accounts

Page 3
Abbeygate Enterprises Ltd (Registered number: 01175835)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities
(effective April 2008).

Turnover
Turnover represents the amount derived from the provision of goods and services falling within the company's
principal activities excluding VAT.
Rent represents the total rent due spread evenly over the period of the lease to which it relates.

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

Improvements to property - 10% on cost
Fixtures and fittings - 10% on cost

Investment property
In accordance with the Financial Reporting Standard for Smaller Entities, the valuations of the investment
properties are reviewed annually and are shown in the financial statements at valuation. Temporary changes
in the value of investment properties are included as a movement on the revaluation reserve. A permanent
deficit or its reversal is charged to the profit and loss account. This represents a departure from the Companies
Act in that depreciation has not been charged. This departure is considered necessary by the directors to show
a true and fair view.

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

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2013 38,955
Reclassification/transfer (12,459 )
At 31 July 2014 26,496
DEPRECIATION
At 1 August 2013 38,545
Charge for year 67
Reclassification/transfer (12,457 )
At 31 July 2014 26,155
NET BOOK VALUE
At 31 July 2014 341
At 31 July 2013 410

Page 4 continued...
Abbeygate Enterprises Ltd (Registered number: 01175835)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2014

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 August 2013
and 31 July 2014 55,830
NET BOOK VALUE
At 31 July 2014 55,830
At 31 July 2013 55,830

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 August 2013 1,379,253
Revaluations 204,745
Reclassification/transfer 2
At 31 July 2014 1,584,000
NET BOOK VALUE
At 31 July 2014 1,584,000
At 31 July 2013 1,379,253

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
150,000 Ordinary £1 150,000 150,000

Page 5