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Registration number: 11884826

Acropolis Advisory Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 April 2022 to 30 September 2023

 

Acropolis Advisory Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Acropolis Advisory Limited

Company Information

Directors

Mr M Anklewicz

Ms K Anklewicz

Ms M Kolakowska

Registered office

21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

 

Acropolis Advisory Limited

(Registration number: 11884826)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

-

66,506

Current assets

 

Debtors

5

-

573,058

Cash at bank and in hand

 

1

115

 

1

573,173

Creditors: Amounts falling due within one year

6

(631,884)

(394,571)

Net current (liabilities)/assets

 

(631,883)

178,602

Total assets less current liabilities

 

(631,883)

245,108

Creditors: Amounts falling due after more than one year

6

-

(684,908)

Net liabilities

 

(631,883)

(439,800)

capital and reserves

 

Called up share capital

100

100

Profit and loss account

(631,983)

(439,900)

Total equity

 

(631,883)

(439,800)

For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 March 2024 and signed on its behalf by:
 

 

Acropolis Advisory Limited

(Registration number: 11884826)
Balance Sheet as at 30 September 2023

.........................................
Mr M Anklewicz
Director

   
     
 

Acropolis Advisory Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company ceased to trade on the 30th September 2023. The financial statements have therefore been prepared using the break-up basis and all assets have been written down to recoverable amounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Acropolis Advisory Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2023

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.


Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.


Investments
Investments comprise investments in quoted equity instruments which are measured at fair value. Changes in fair value are recognised in profit or loss.


Intangible assets
Cryptocurrency is measured at cost or initial recognition and is subsequently measured at cost less impairment losses.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Acropolis Advisory Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments
Basic financial instruments
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Non-basic financial instruments
Derivatives are non-basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss within the line item the derivative relates to.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2022 - 3).

 

Acropolis Advisory Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2023

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2022

66,506

66,506

Additions

5,352,617

5,352,617

Disposals

(5,419,123)

(5,419,123)

At 30 September 2023

-

-

Carrying amount

At 30 September 2023

-

-

5

Debtors

2023
£

2022
£

Trade debtors

-

182

Other debtors

-

572,876

 

-

573,058

 

Acropolis Advisory Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Directors' loan accounts

7

628,735

8,839

Trade creditors

 

-

2,354

Accruals and deferred income

 

3,095

3,066

Other creditors

 

54

380,312

 

631,884

394,571

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

-

684,908

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

-

684,908

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

1

-

Directors' loan accounts

628,734

8,839

628,735

8,839

The directors' loan accounts are non-interest bearing and repayable on demand.

Other borrowings are unsecured and accrue interest at 2% per annum which is payable with the principal amount at the end of the agreement.