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REGISTERED NUMBER: 08782253 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Assured Concrete Repairs Ltd

Assured Concrete Repairs Ltd (Registered number: 08782253)

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


Assured Concrete Repairs Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr M I Norris
Mr J L Rospo





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 08782253 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Assured Concrete Repairs Ltd (Registered number: 08782253)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 630,000 630,000

CURRENT ASSETS
Debtors 5 783 1,099
Cash at bank 16,673 20,029
17,456 21,128
CREDITORS
Amounts falling due within one year 6 308,690 304,911
NET CURRENT LIABILITIES (291,234 ) (283,783 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,766

346,217

CREDITORS
Amounts falling due after more than one
year

7

(229,667

)

(240,581

)

PROVISIONS FOR LIABILITIES (15,552 ) (15,552 )
NET ASSETS 93,547 90,084

CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 69,338 69,338
Retained earnings 24,208 20,745
SHAREHOLDERS' FUNDS 93,547 90,084

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.

Assured Concrete Repairs Ltd (Registered number: 08782253)

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 29 August 2024 and were signed on its behalf by:




Mr M I Norris - Director



Mr J L Rospo - Director


Assured Concrete Repairs Ltd (Registered number: 08782253)

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


1. STATUTORY INFORMATION

Assured Concrete Repairs Ltd 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.

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.

The financial statements have been prepared on the basis that the company is a going concern, due to the fact that the net liabilities only arise due to an intercompany loan between the company and its parent entity. The parent company continues to support its subsidiary undertaking.

Turnover
Turnover represents rents received.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Assured Concrete Repairs Ltd (Registered number: 08782253)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 630,000
NET BOOK VALUE
At 30 November 2023 630,000
At 30 November 2022 630,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2022 84,890
Cost 545,110
630,000

The investment properties were valued by a third party and revalued in the accounts in accordance with this valuation.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Prepayments 783 1,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 12,069 13,479
Trade creditors - 60
Amounts owed to group undertakings 293,206 288,104
Corporation tax 812 2,008
Accrued expenses 2,603 1,260
308,690 304,911

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans due between one and two
years

12,652

13,926
Bank loans due between two and five
years

42,098

44,568
Bank loans due more than five years 174,917 182,087
229,667 240,581

Assured Concrete Repairs Ltd (Registered number: 08782253)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans due more than five years 174,917 182,087

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 241,736 254,060

The bank loans have a fixed charge secured against the properties to which they relate and are repayable over the term of the mortgages. The Directors have also provided a personal guarantee for these debts. The security details and mortgage expiry are as follows:


Property
Security
Charge (£)
Mortgage
Expires

83 Church Road, Swanscome, Kent, DA10 0HQ 148,716 15/11/2037
158 Charles Street, Greenhithe, Kent, DA9 9AJ 143,611 07/11/2037

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Fair
value
reserve
£   
At 1 December 2022
and 30 November 2023 69,338

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A personal guarantee has been provided by the Directors, Mr J L Rospo and Mr M I Norris, in relation to the mortgages secured against the properties.

12. ULTIMATE CONTROLLING PARTY

Pierra Group Ltd is regarded by the directors as being the company's ultimate parent company.