Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activity02falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11701526 2022-12-01 2023-11-30 11701526 2021-12-01 2022-11-30 11701526 2023-11-30 11701526 2022-11-30 11701526 c:Director1 2022-12-01 2023-11-30 11701526 d:Buildings 2022-12-01 2023-11-30 11701526 d:Buildings 2023-11-30 11701526 d:Buildings 2022-11-30 11701526 d:Buildings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11701526 d:FurnitureFittings 2022-12-01 2023-11-30 11701526 d:FurnitureFittings 2023-11-30 11701526 d:FurnitureFittings 2022-11-30 11701526 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11701526 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11701526 d:CurrentFinancialInstruments 2023-11-30 11701526 d:CurrentFinancialInstruments 2022-11-30 11701526 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11701526 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11701526 d:ShareCapital 2023-11-30 11701526 d:ShareCapital 2022-11-30 11701526 d:InvestmentPropertiesRevaluationReserve 2022-12-01 2023-11-30 11701526 d:InvestmentPropertiesRevaluationReserve 2023-11-30 11701526 d:InvestmentPropertiesRevaluationReserve 2022-11-30 11701526 d:RetainedEarningsAccumulatedLosses 2023-11-30 11701526 d:RetainedEarningsAccumulatedLosses 2022-11-30 11701526 c:FRS102 2022-12-01 2023-11-30 11701526 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11701526 c:FullAccounts 2022-12-01 2023-11-30 11701526 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11701526 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 11701526









ACS INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
ACS INVESTMENTS LIMITED
REGISTERED NUMBER: 11701526

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,377,377
1,423,881

  
1,377,377
1,423,881

Current assets
  

Cash at bank and in hand
 5 
12,274
11,012

  
12,274
11,012

Creditors: amounts falling due within one year
 6 
(893,453)
(921,385)

Net current liabilities
  
 
 
(881,179)
 
 
(910,373)

Total assets less current liabilities
  
496,198
513,508

  

Net assets
  
496,198
513,508


Capital and reserves
  

Called up share capital 
  
2
2

Investment property reserve
 7 
731,931
731,931

Profit and loss account
 7 
(235,735)
(218,425)

  
496,198
513,508


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2024.



Page 1

 
ACS INVESTMENTS LIMITED
REGISTERED NUMBER: 11701526
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023


Andrew James Stewart Seccombe
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ACS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

ACS Investments Limited is a private company, limited by shares and was incorporated in England and Wales on 28 November 2018.  The company's registration number is 11701526 and the registered office address is 13 Gorst Road, London, United Kingdom, SW11 6JB.                

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.
The directors continue to adopt the going concern basis for the preparation of the Financial Statements. Accordingly, these financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the company was unable to continue as a going concern.
Funds are available to the company by way of directors loan and therefore the accounts have been prepared on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ACS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
No Depreciation charged
Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
ACS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2022 - 2).


4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 December 2022
1,276,378
321,109
1,597,487


Additions
-
1,250
1,250


Exchange adjustments
16,613
-
16,613



At 30 November 2023

1,292,991
322,359
1,615,350



Depreciation


At 1 December 2022
-
173,606
173,606


Charge for the year on owned assets
-
64,367
64,367



At 30 November 2023

-
237,973
237,973



Net book value



At 30 November 2023
1,292,991
84,386
1,377,377



At 30 November 2022
1,276,378
147,503
1,423,881

Page 5

 
ACS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
Land and Building
£



Cost
544,447

Valuation change in 2022 due to revaluation
731,931

Valuation change in 2023 for exchange rate movements
16,613

1,292,991


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
12,274
11,012

12,274
11,012



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
889,953
916,385

Accruals and deferred income
3,500
5,000

893,453
921,385





7.


Reserves

Investment property revaluation reserve

The Investment property reserve is the difference between the cost and the market value of the investment property.


8.


Related party transactions

Included in other creditors is £888,303 (2022: £913,522) due to directors. The loan is unsecured and interest free with no specific repayment date. During the year there was a repayment of £25,220 (2022: £348).

Page 6