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REGISTERED NUMBER: 08526621 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

ACH PROPERTIES LIMITED

ACH PROPERTIES LIMITED (REGISTERED NUMBER: 08526621)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACH PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: A J Cawthorne
C J Goodman





REGISTERED OFFICE: Elmwood House
York Road
Kirk Hammerton
York
North Yorkshire
YO26 8DH





REGISTERED NUMBER: 08526621 (England and Wales)





ACCOUNTANTS: Positive Accountants
Elmwood House
York Road
Kirk Hammerton
York
North Yorkshire
YO26 8DH

ACH PROPERTIES LIMITED (REGISTERED NUMBER: 08526621)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 948 864
Investment property 4 2,062,970 2,062,970
2,063,918 2,063,834

CURRENT ASSETS
Debtors 5 37,404 137,864
Cash at bank 154,513 23,092
191,917 160,956
CREDITORS
Amounts falling due within one year 6 27,578 30,375
NET CURRENT ASSETS 164,339 130,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,228,257

2,194,415

CREDITORS
Amounts falling due after more than
one year

7

(1,545,601

)

(1,555,601

)

PROVISIONS FOR LIABILITIES (65,000 ) (65,000 )
NET ASSETS 617,656 573,814

ACH PROPERTIES LIMITED (REGISTERED NUMBER: 08526621)

BALANCE SHEET - continued
31 MAY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 617,536 573,694
SHAREHOLDERS' FUNDS 617,656 573,814

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 8 November 2023 and were signed on its behalf by:





A J Cawthorne - Director


ACH PROPERTIES LIMITED (REGISTERED NUMBER: 08526621)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. 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 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.
Plant and machinery etc - 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 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 balance sheet date.

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.

2. EMPLOYEES AND DIRECTORS

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

ACH PROPERTIES LIMITED (REGISTERED NUMBER: 08526621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 5,117
Additions 1,069
At 31 May 2023 6,186
DEPRECIATION
At 1 June 2022 4,253
Charge for year 985
At 31 May 2023 5,238
NET BOOK VALUE
At 31 May 2023 948
At 31 May 2022 864

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 2,062,970
NET BOOK VALUE
At 31 May 2023 2,062,970
At 31 May 2022 2,062,970

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2017 324,607
Cost 1,738,363
2,062,970

ACH PROPERTIES LIMITED (REGISTERED NUMBER: 08526621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,738,363 1,738,363

The investment property was valued on an open market basis basis on 20 April 2017 by Paragon Bank Plc .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 37,404 137,864

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 25,984 23,385
Other creditors 1,594 6,990
27,578 30,375

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,000 40,000
Other creditors 1,515,601 1,515,601
1,545,601 1,555,601

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 1,515,601 1,515,601

ACH PROPERTIES LIMITED (REGISTERED NUMBER: 08526621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
C J Goodman
Balance outstanding at start of year 110,753 70,722
Amounts advanced - 70,263
Amounts repaid (110,753 ) (30,232 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 110,753

A J Cawthorne
Balance outstanding at start of year - -
Amounts advanced 5,525 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,525 -

10. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.