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REGISTERED NUMBER: 07092301 (England and Wales)















ACB PROPERTY INVESTMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2022






ACB PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 07092301)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACB PROPERTY INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 DECEMBER 2022







DIRECTORS: C R J Baxter
A J Baxter





SECRETARY: A J Baxter





REGISTERED OFFICE: Clarke Nicklin House
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD





REGISTERED NUMBER: 07092301 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

ACB PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 07092301)

BALANCE SHEET
29 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,462 11,464
Investment property 5 9,355,000 9,355,000
9,391,462 9,366,464

CURRENT ASSETS
Debtors 6 126,796 25,678
Investments 7 117,560 113,280
Cash at bank 257,965 344,594
502,321 483,552
CREDITORS
Amounts falling due within one year 8 2,723,381 2,710,690
NET CURRENT LIABILITIES (2,221,060 ) (2,227,138 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,170,402

7,139,326

CREDITORS
Amounts falling due after more than one
year

9

(2,060,583

)

(2,246,632

)

PROVISIONS FOR LIABILITIES (775,436 ) (583,846 )
NET ASSETS 4,334,383 4,308,848

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 4,334,283 4,308,748
SHAREHOLDERS' FUNDS 4,334,383 4,308,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 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.

ACB PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 07092301)

BALANCE SHEET - continued
29 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




A J Baxter - Director



C R J Baxter - Director


ACB PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 07092301)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 DECEMBER 2022


1. STATUTORY INFORMATION

ACB Property Investments 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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£).

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents rental income and service charges receivable net of VAT. Rental income is accounted for on an accruals basis, amounts owing or paid in advance are included in the balance sheet as debtors or creditors respectively.

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 - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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 balance sheet date.


ACB PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 07092301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 DECEMBER 2022


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 30 December 2021 2,614 18,995 5,311 26,920
Additions - 35,000 319 35,319
At 29 December 2022 2,614 53,995 5,630 62,239
DEPRECIATION
At 30 December 2021 2,091 9,270 4,095 15,456
Charge for year 523 8,945 853 10,321
At 29 December 2022 2,614 18,215 4,948 25,777
NET BOOK VALUE
At 29 December 2022 - 35,780 682 36,462
At 29 December 2021 523 9,725 1,216 11,464

ACB PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 07092301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 DECEMBER 2022


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 December 2021
and 29 December 2022 9,355,000
NET BOOK VALUE
At 29 December 2022 9,355,000
At 29 December 2021 9,355,000

Fair value at 29 December 2022 is represented by:
£   
Valuation in 2022 9,355,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 6,272,095 6,272,095

The investment properties were valued on an open market basis on 29 December 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 126,796 25,678

7. CURRENT ASSET INVESTMENTS
2022 2021
£    £   
Unlisted investments 117,560 113,280

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 177,759 105,552
Trade creditors 1,232 5,967
Taxation and social security 358,769 203,076
Other creditors 2,185,621 2,396,095
2,723,381 2,710,690

ACB PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 07092301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 DECEMBER 2022


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 2,060,583 2,246,632

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 year by instalments 1,416,714 1,851,167

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 2,238,342 2,352,184

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2022 2021
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, C R J Baxter & A J Baxter.