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Company registration number:
12567314
Acrefield Properties Limited
Unaudited Filleted Financial Statements for the period ended
31 July 2022
Acrefield Properties Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Acrefield Properties Limited
Period ended
31 July 2022
As described on the statement of financial position, the Board of Directors of
Acrefield Properties Limited
are responsible for the preparation of the
financial statements
for the period ended
31 July 2022
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Acrefield Properties Limited
Statement of Financial Position
31 July 2022
31 Jul 202230 Apr 2021
Note££
Current assets    
Debtors 6 -  
2
 
Cash at bank and in hand
319
  -  
319
 
2
 
Creditors: amounts falling due within one year 7
(8,883
) -  
Net current (liabilities)/assets
(8,564
)
2
 
Total assets less current liabilities (8,564 ) 2  
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
(8,566
) -  
Shareholders (deficit)/funds
(8,564
)
2
 
For the period ending
31 July 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
2 September 2022
, and are signed on behalf of the board by:
Mr R Hall
Mrs E Hall
DirectorDirector
Company registration number:
12567314
Acrefield Properties Limited
Notes to the Financial Statements
Period ended
31 July 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
9 Acrefield Drive
,
Rawtenstall
,
Rossendale
,
BB4 8DU
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
No depreciation on property

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

4 Average number of employees

The average number of persons employed by the company during the period was Nil (2021: Nil).

5 Tangible assets

Land and buildings
£
Cost  
At
1 May 2021
-  
Additions
89,146
 
Disposals
(89,146
)
At
31 July 2022
-  
Depreciation  
At
1 May 2021
and
31 July 2022
-  
Carrying amount  
At
31 July 2022
-  
At 30 April 2021 -  

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
31 Jul 2022
£
Carrying amount at
1 May 2021
89,146
 
Disposals (192,725 )
Fair value adjustments
103,579
 
Carrying amount at
31 July 2022
-  

6 Debtors

31 Jul 202230 Apr 2021
££
Other debtors -  
2
 

7 Creditors: amounts falling due within one year

31 Jul 202230 Apr 2021
££
Other creditors
8,883
  -