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Company Registration No. 08465097 (England and Wales)
Access Estates (UK) Limited Unaudited accounts for the year ended 30 June 2023
Access Estates (UK) Limited Unaudited accounts Contents
Page
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Access Estates (UK) Limited Company Information for the year ended 30 June 2023
Director
Xhevat Lita
Company Number
08465097 (England and Wales)
Registered Office
107 - 115 Eastmoor Street London SE7 8LX United Kingdom
Accountants
VM UK Accountants Limited 7 Lita Mews Romford London RM1 3FG
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Access Estates (UK) Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
1,900,000 
1,900,000 
Current assets
Debtors
256,398 
270,710 
Cash at bank and in hand
361 
193 
256,759 
270,903 
Creditors: amounts falling due within one year
(1,128,736)
(273,521)
Net current liabilities
(871,977)
(2,618)
Total assets less current liabilities
1,028,023 
1,897,382 
Creditors: amounts falling due after more than one year
- 
(871,000)
Provisions for liabilities
Deferred tax
(207,224)
(207,224)
Net assets
820,799 
819,158 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
820,649 
819,008 
Shareholders' funds
820,799 
819,158 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 March 2024 and were signed on its behalf by
Xhevat Lita Director Company Registration No. 08465097
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Access Estates (UK) Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Access Estates (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 08465097. The registered office is 107 - 115 Eastmoor Street, London, SE7 8LX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 July 2022
1,900,000 
At 30 June 2023
1,900,000 
The bank loans are secured against the company's freehold properties. The loan is repayable by instalment over the period in excess of 5 years.
Included in cost or valuation of investment property is freehold land of £249,383 (2015: £249,383) which is not depreciated.
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Access Estates (UK) Limited Notes to the Accounts for the year ended 30 June 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
3,000 
Amounts due from group undertakings etc.
226,900 
149,900 
Other debtors
29,498 
117,810 
256,398 
270,710 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
871,000 
- 
Taxes and social security
19,912 
48,377 
Other creditors
225,331 
211,644 
Loans from directors
11,493 
12,500 
Accruals
1,000 
1,000 
1,128,736 
273,521 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
871,000 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150 
150 
10
Transactions with related parties
Other debtors includes amount receivable from Lita Homes Limited of £226,900 (2022: £149,900) the parent company of Access Estates UK Limited and Mr X Lita is director and controlling shareholder.
11
Controlling party
The company is subsidiary of Lita Homes Limited. The ultimate controlling party is Mr X Lita who is common director of parent and subsidiary and controlling shareholder of Lita Homes Limited, parent company of Access Estates (UK) Limited.
12
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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