Company Registration No. 05969918 (England and Wales)
Acre Properties Development Limited
Unaudited accounts
for the year ended 31 October 2022
Acre Properties Development Limited
Unaudited accounts
Contents
Acre Properties Development Limited
Company Information
for the year ended 31 October 2022
Company Number
05969918 (England and Wales)
Registered Office
29 TYERSAL GREEN
BRADFORD
WEST YORKSHIRE
BD4 8HQ
Accountants
RK Accountants & Tax Advisors
Acre House Unit 2
47 Sticker Lane
Bradford
BD4 8AN
Acre Properties Development Limited
Statement of financial position
as at 31 October 2022
Tangible assets
199,891
203,245
Cash at bank and in hand
3,390
7,669
Creditors: amounts falling due within one year
2,583
(1,047)
Net current assets
12,473
13,122
Total assets less current liabilities
212,364
216,367
Creditors: amounts falling due after more than one year
(142,988)
(147,513)
Profit and loss account
69,376
68,854
Shareholders' funds
69,376
68,854
For the year ending 31 October 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2023 and were signed on its behalf by
Mohammed Sabir
Director
Company Registration No. 05969918
Acre Properties Development Limited
Notes to the Accounts
for the year ended 31 October 2022
Acre Properties Development Limited is a private company, limited by shares, registered in England and Wales, registration number 05969918. The registered office is 29 TYERSAL GREEN, BRADFORD, WEST YORKSHIRE, BD4 8HQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2021
174,477
35,960
210,437
At 31 October 2022
174,477
37,960
212,437
At 1 November 2021
-
7,192
7,192
Charge for the year
-
5,354
5,354
At 31 October 2022
-
12,546
12,546
At 31 October 2022
174,477
25,414
199,891
At 31 October 2021
174,477
28,768
203,245
Amounts falling due within one year
Acre Properties Development Limited
Notes to the Accounts
for the year ended 31 October 2022
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
(2,583)
805
Loans from directors
-
242
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
142,988
147,513
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).