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REGISTERED NUMBER: 08376637 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

ACTON PLACE PROPERTIES LIMITED

ACTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08376637)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACTON PLACE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTORS: K J Bird
Mrs S J Bird





REGISTERED OFFICE: The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ





REGISTERED NUMBER: 08376637 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
Chartered Certified Accountants
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

ACTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08376637)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,709 11,344
Investment property 5 850,000 467,948
861,709 479,292

CURRENT ASSETS
Cash at bank 22,686 19,729

CREDITORS
Amounts falling due within one year 6 81,696 108,485
NET CURRENT LIABILITIES (59,010 ) (88,756 )
TOTAL ASSETS LESS CURRENT LIABILITIES 802,699 390,536

PROVISIONS FOR LIABILITIES 96,141 21,910
NET ASSETS 706,558 368,626

CAPITAL AND RESERVES
Called up share capital 7 2 2
Revaluation reserve 8 485,992 107,845
Retained earnings 220,564 260,779
SHAREHOLDERS' FUNDS 706,558 368,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

ACTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08376637)

BALANCE SHEET - continued
31 JANUARY 2022


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:





K J Bird - Director


ACTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08376637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

Acton Place Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The Significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rents charged, excluding value added tax.

When the outcome of a transaction can be estimated reliably, turnover from the rendering of services is recognised by reference to the stage of completion at the balance sheet date.

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 - 25% on cost
Fixtures and fittings - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

ACTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08376637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 February 2021 10,038 7,794 1,855 19,687
Additions - 1,310 - 1,310
At 31 January 2022 10,038 9,104 1,855 20,997
DEPRECIATION
At 1 February 2021 - 6,488 1,855 8,343
Charge for year - 945 - 945
At 31 January 2022 - 7,433 1,855 9,288
NET BOOK VALUE
At 31 January 2022 10,038 1,671 - 11,709
At 31 January 2021 10,038 1,306 - 11,344

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2021 467,948
Additions 3,905
Revaluations 378,147
At 31 January 2022 850,000
NET BOOK VALUE
At 31 January 2022 850,000
At 31 January 2021 467,948

The investment property is currently shown at market value. The directors feel that the market value remains unchanged at the balance sheet date.

ACTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08376637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2022 is represented by:
£   
Valuation in 2015 125,266
Valuation in 2022 382,052
Cost 342,682
850,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Tax 7,893 7,123
VAT 1,816 1,574
Other creditors 5,142 5,142
Directors' current accounts 65,526 93,365
Accrued expenses 1,319 1,281
81,696 108,485

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

8. RESERVES
Revaluation
reserve
£   
At 1 February 2021 107,845
Reserves from demerger 378,147

At 31 January 2022 485,992