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REGISTERED NUMBER: 11677633 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Acd Property Investments Limited

Acd Property Investments Limited (Registered number: 11677633)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acd Property Investments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Ms D F L Ng
H P C Ng





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 11677633 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Acd Property Investments Limited (Registered number: 11677633)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,551 3,082
Investment property 5 1,060,000 810,000
1,064,551 813,082

CURRENT ASSETS
Debtors 6 57,243 18,877
Prepayments and accrued income - 1
Cash at bank 122,530 96,716
179,773 115,594
CREDITORS
Amounts falling due within one year 7 198,277 173,341
NET CURRENT LIABILITIES (18,504 ) (57,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,046,047

755,335

CREDITORS
Amounts falling due after more than
one year

8

(620,532

)

(658,582

)

PROVISIONS FOR LIABILITIES (48,365 ) (586 )
NET ASSETS 377,150 96,167

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 219,717 17,217
Retained earnings 157,333 78,850
377,150 96,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Acd Property Investments Limited (Registered number: 11677633)

Balance Sheet - continued
30 November 2023


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 2 August 2024 and were signed on its behalf by:





Ms D F L Ng - Director


Acd Property Investments Limited (Registered number: 11677633)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Acd Property Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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 - 20% on reducing balance

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.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 and 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.


Acd Property Investments Limited (Registered number: 11677633)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 6,805
Additions 2,607
At 30 November 2023 9,412
DEPRECIATION
At 1 December 2022 3,723
Charge for year 1,138
At 30 November 2023 4,861
NET BOOK VALUE
At 30 November 2023 4,551
At 30 November 2022 3,082

Acd Property Investments Limited (Registered number: 11677633)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 810,000
Revaluations 250,000
At 30 November 2023 1,060,000
NET BOOK VALUE
At 30 November 2023 1,060,000
At 30 November 2022 810,000

Investment property has been recognised at fair value by the directors.

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 250,000
Cost 810,000
1,060,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 57,243 18,877

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 38,215 6,571
Trade creditors 258 167
Taxation and social security 35,448 21,242
Other creditors 124,356 145,361
198,277 173,341

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 620,532 658,582

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 599,115 632,297

All loans in relation to investment properties are secured by fixed charges against the relevant properties.

Acd Property Investments Limited (Registered number: 11677633)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. RESERVES
Fair
value
reserve
£   
At 1 December 2022 17,217
Transfer in year 202,500

At 30 November 2023 219,717

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors is £42,123 (2022 £51,536 owed to director) due from the director which is repayable on demand. Interest is charged at a rate of 2 %