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REGISTERED NUMBER: 13872664 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

26 JANUARY 2022 TO 31 JANUARY 2023

FOR

ACH ESTATES (MEADOWSIDE) LTD

ACH ESTATES (MEADOWSIDE) LTD (REGISTERED NUMBER: 13872664)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 26 JANUARY 2022 TO 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ACH ESTATES (MEADOWSIDE) LTD

COMPANY INFORMATION
For The Period 26 JANUARY 2022 TO 31 JANUARY 2023







DIRECTOR: A M Uregian





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 13872664 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

ACH ESTATES (MEADOWSIDE) LTD (REGISTERED NUMBER: 13872664)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 7,800
Investment property 5 797,516
805,316

CURRENT ASSETS
Debtors 6 3,503
Cash at bank and in hand 9,035
12,538
CREDITORS
Amounts falling due within one year 7 272,538
NET CURRENT LIABILITIES (260,000 )
TOTAL ASSETS LESS CURRENT LIABILITIES 545,316

CREDITORS
Amounts falling due after more than one year 8 574,578
NET LIABILITIES (29,262 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (29,362 )
SHAREHOLDERS' FUNDS (29,262 )

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

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

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 24 October 2023 and were signed by:





A M Uregian - Director


ACH ESTATES (MEADOWSIDE) LTD (REGISTERED NUMBER: 13872664)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 26 JANUARY 2022 TO 31 JANUARY 2023

1. STATUTORY INFORMATION

ACH Estates (MeadowSide) Ltd 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.

The financial statements have been prepared on a going concern basis since the directors are satisfied that the company will have adequate resources to meet its expected liabilities to third parties as they fall due for the foreseeable future.

Turnover
Turnover represents net invoiced rental income and services.

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 - 33% 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. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

Taxation
Taxation for the period 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

ACH ESTATES (MEADOWSIDE) LTD (REGISTERED NUMBER: 13872664)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 26 JANUARY 2022 TO 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 11,642
At 31 January 2023 11,642
DEPRECIATION
Charge for period 3,842
At 31 January 2023 3,842
NET BOOK VALUE
At 31 January 2023 7,800

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 797,516
At 31 January 2023 797,516
NET BOOK VALUE
At 31 January 2023 797,516

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 3,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 50,520
Amounts owed to participating interests 4,626
Other creditors 217,392
272,538

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 574,578

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Due in more than 5 years 574,578

ACH ESTATES (MEADOWSIDE) LTD (REGISTERED NUMBER: 13872664)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 26 JANUARY 2022 TO 31 JANUARY 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 574,578

The loans are secured by way of a fixed and floating charge over the assets of the company.

10. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £215,375 due to the director Mr A Uregian.

Included in creditors, amounts falling due within one year, is an interest free amount of £50,520 due to Ellarous Ltd, a company with common management and a minority shareholding.

Included in creditors, amounts falling due within one year, is an interest free amount of £4,626 due to ACH Estates Ltd, a company with common management.