Silverfin true 28/02/2023 01/03/2022 28/02/2023 G A Silver 01/05/2006 23 November 2023 The principle activity of the company is that of development and selling of real estate. During the year the company was dormant and had no trading activities. 04423072 2023-02-28 04423072 bus:Director1 2023-02-28 04423072 core:CurrentFinancialInstruments 2023-02-28 04423072 core:CurrentFinancialInstruments 2022-02-28 04423072 2022-02-28 04423072 core:ShareCapital 2023-02-28 04423072 core:ShareCapital 2022-02-28 04423072 core:RetainedEarningsAccumulatedLosses 2023-02-28 04423072 core:RetainedEarningsAccumulatedLosses 2022-02-28 04423072 2022-03-01 2023-02-28 04423072 bus:FullAccounts 2022-03-01 2023-02-28 04423072 bus:SmallEntities 2022-03-01 2023-02-28 04423072 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 04423072 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 04423072 bus:Director1 2022-03-01 2023-02-28 04423072 2021-03-01 2022-02-28 04423072 1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Company No: 04423072 (England and Wales)

ACE CLUB MARKETING LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

ACE CLUB MARKETING LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

ACE CLUB MARKETING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 28 February 2023
ACE CLUB MARKETING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2023
2023 2022
£ £
Restated
Current assets
Debtors 4 1 1
1 1
Creditors: amounts falling due within one year 5 ( 38,834) ( 38,834)
Net current liabilities (38,833) (38,833)
Total assets less current liabilities (38,833) (38,833)
Net liabilities ( 38,833) ( 38,833)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 38,834 ) ( 38,834 )
Total shareholder's deficit ( 38,833) ( 38,833)

Ace Club Marketing Limited (registered number: 04423072) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The financial statements of Ace Club Marketing Limited (registered number: 04423072) were approved and authorised for issue by the Director. They were signed on its behalf by:

G A Silver
Director

23 November 2023

ACE CLUB MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
ACE CLUB MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ace Club Marketing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

4. Debtors

2023 2022
£ £
Amounts owed by Parent undertakings 1 1

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 38,834 38,834

6. Related party transactions

Included in other creditors is £38,834 (2022: £38,834) due to G A Silver. There are no terms as to repayment or interest on this amount.

7. Prior period adjustment

In the prior period an investment of £1 was included on the statement of financial position and in the notes to the financial statements that had previously transferred ownership to the directors. Accordingly the figures have been restated. Fixed asset investments have been decreased by £1 and creditors: amounts falling due within one year have been decreased by £1.

8. Ultimate controlling party

The ultimate parent company is Dorchester Holdings Limited, a company registered in England and Wales. The address of the Company's registered office is 14 David Mews, London, W1U 6EQ, United Kingdom.

There is no ultimate controlling party.