ACFW Property Lettings Limited 13042748 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 13042748 2022-12-01 2023-11-30 13042748 2023-11-30 13042748 core:CurrentFinancialInstruments 2023-11-30 13042748 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 13042748 core:LandBuildings 2023-11-30 13042748 bus:SmallEntities 2022-12-01 2023-11-30 13042748 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13042748 bus:FilletedAccounts 2022-12-01 2023-11-30 13042748 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13042748 bus:RegisteredOffice 2022-12-01 2023-11-30 13042748 bus:Director1 2022-12-01 2023-11-30 13042748 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13042748 bus:Agent1 2022-12-01 2023-11-30 13042748 countries:EnglandWales 2022-12-01 2023-11-30 13042748 2022-11-30 13042748 core:LandBuildings 2022-11-30 13042748 2021-12-01 2022-11-30 13042748 2022-11-30 13042748 core:CurrentFinancialInstruments 2022-11-30 13042748 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 13042748 core:LandBuildings 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 13042748

ACFW Property Lettings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

ACFW Property Lettings Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

ACFW Property Lettings Limited

Company Information

Director

Mrs Andrae Julie Parks-Dent

Registered office

c/o HMB Accountants Limited
18a Manor Way
Belasis Hall Technology Park
Billingham
Durham
TS23 4HN

Accountants

HMB Accountants Limited
18a Manor Way
Belasis Hall Technology Park
Billingham
TS23 4HN

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
ACFW Property Lettings Limited
for the Year Ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ACFW Property Lettings Limited for the year ended 30 November 2023 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of ACFW Property Lettings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ACFW Property Lettings Limited and state those matters that we have agreed to state to the Board of Directors of ACFW Property Lettings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACFW Property Lettings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ACFW Property Lettings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ACFW Property Lettings Limited. You consider that ACFW Property Lettings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of ACFW Property Lettings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

HMB Accountants Limited
18a Manor Way
Belasis Hall Technology Park
Billingham
TS23 4HN

12 August 2024

 

ACFW Property Lettings Limited

(Registration number: 13042748)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

140,595

140,595

Current assets

 

Debtors

-

798

Cash at bank and in hand

 

13,686

7,766

 

13,686

8,564

Creditors: Amounts falling due within one year

5

(150,799)

(148,368)

Net current liabilities

 

(137,113)

(139,804)

Net assets

 

3,482

791

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

3,382

691

Shareholders' funds

 

3,482

791

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

Director's responsibilities:

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

The director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 August 2024
 

.........................................
Mrs Andrae Julie Parks-Dent
Director

 

ACFW Property Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
c/o HMB Accountants Limited
18a Manor Way
Belasis Hall Technology Park
Billingham
Durham
TS23 4HN
England

These financial statements were authorised for issue by the director on 12 August 2024.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Tax

The tax expense for the period comprises current 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.

 

ACFW Property Lettings Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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.

Trade 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.

Trade 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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

ACFW Property Lettings Limited

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 December 2022

140,595

140,595

At 30 November 2023

140,595

140,595

Depreciation

Carrying amount

At 30 November 2023

140,595

140,595

At 30 November 2022

140,595

140,595

Included within the net book value of land and buildings above is £140,595 (2022 - £140,595) in respect of freehold land and buildings.
 

 

ACFW Property Lettings Limited

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

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

90

90

Taxation and social security

631

631

Accruals and deferred income

1,248

990

Other creditors

148,830

146,657

150,799

148,368

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

7

Dividends

Final dividends paid

2023
£

2022
£

Final dividend of Nil (2022 - 20.00) per each share capital

-

2,000