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REGISTERED NUMBER: 11231709 (England and Wales)














Financial Statements for the Year Ended 31 March 2023

for

Achieve Holdings Limited

Achieve Holdings Limited (Registered number: 11231709)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Achieve Holdings Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr K R Crossman





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 11231709 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Achieve Holdings Limited (Registered number: 11231709)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,440 3,838
Investment property 5 282,271 282,271
285,711 286,109

CURRENT ASSETS
Debtors 6 2,499 -
Cash at bank and in hand 11,590 54,843
14,089 54,843
CREDITORS
Amounts falling due within one year 7 190,939 214,923
NET CURRENT LIABILITIES (176,850 ) (160,080 )
TOTAL ASSETS LESS CURRENT LIABILITIES 108,861 126,029

CREDITORS
Amounts falling due after more than one
year

8

227,695

227,695
NET LIABILITIES (118,834 ) (101,666 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (118,934 ) (101,766 )
(118,834 ) (101,666 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Achieve Holdings Limited (Registered number: 11231709)

Statement of Financial Position - continued
31 March 2023


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 director and authorised for issue on 18 October 2023 and were signed by:





Mr K R Crossman - Director


Achieve Holdings Limited (Registered number: 11231709)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Achieve Holdings 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Achieve Holdings Limited (Registered number: 11231709)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 4,803 872 5,675
Additions - 285 285
At 31 March 2023 4,803 1,157 5,960
DEPRECIATION
At 1 April 2022 1,333 504 1,837
Charge for year 520 163 683
At 31 March 2023 1,853 667 2,520
NET BOOK VALUE
At 31 March 2023 2,950 490 3,440
At 31 March 2022 3,470 368 3,838

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 282,271
NET BOOK VALUE
At 31 March 2023 282,271
At 31 March 2022 282,271

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,499 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 17,400 26,700
Other creditors 173,539 188,223
190,939 214,923

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 227,695 227,695

Achieve Holdings Limited (Registered number: 11231709)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 227,695 227,695

The loan is secured over the investment property including all of the land building and fixtures and fittings.

10. RELATED PARTY DISCLOSURES

Mr K Crossman is deemed to be the key management personnel.