ACE RESIDENTIAL PROPERTIES LIMITED

Company Registration Number:
12601361 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

ACE RESIDENTIAL PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

ACE RESIDENTIAL PROPERTIES LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 413,507 413,507
Total fixed assets: 413,507 413,507
Current assets
Debtors:   600 600
Cash at bank and in hand: 28,435 22,485
Total current assets: 29,035 23,085
Creditors: amounts falling due within one year:   (142,047) (142,699)
Net current assets (liabilities): (113,012) (119,614)
Total assets less current liabilities: 300,495 293,893
Creditors: amounts falling due after more than one year:   (280,950) (280,950)
Total net assets (liabilities): 19,545 12,943
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 19,535 12,933
Shareholders funds: 19,545 12,943

The notes form part of these financial statements

ACE RESIDENTIAL PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 February 2024
and signed on behalf of the board by:

Name: Mr Kushal Gilhotra
Status: Director

The notes form part of these financial statements

ACE RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net ofValue Added Tax and trade discounts.

ACE RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

ACE RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Fixed investments

Investment properties are properties held to earn rentals and/or for capital appreciation.Investment properties should be recognised initially at cost and subsequently investmentproperties are measured at fair value. Gains and losses arising from changes in the fair value ofinvestment properties are included in profit or loss in the period in which they arise.