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REGISTERED NUMBER: 03138266 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Acland Banks Limited

Acland Banks Limited (Registered number: 03138266)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acland Banks Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: Mr G Banks
Mr J E Banks
Mrs S J Banks





SECRETARY: Mrs S J Banks





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 03138266 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Acland Banks Limited (Registered number: 03138266)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 358,551 358,551

CURRENT ASSETS
Debtors 5 818,933 856,499
Cash at bank 22,868 3,854
841,801 860,353
CREDITORS
Amounts falling due within one year 6 134,938 132,697
NET CURRENT ASSETS 706,863 727,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,065,414

1,086,207

CREDITORS
Amounts falling due after more than one
year

7

175,040

210,306
NET ASSETS 890,374 875,901

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 889,374 874,901
SHAREHOLDERS' FUNDS 890,374 875,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Acland Banks Limited (Registered number: 03138266)

Balance Sheet - continued
31st December 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 10th September 2024 and were signed on its behalf by:





Mr G Banks - Director


Acland Banks Limited (Registered number: 03138266)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Acland Banks 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

No depreciation is provided on freehold property as the directors' are of the opinion the value equates to cost, and therefore it would be inappropriate to depreciate.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st January 2023
and 31st December 2023 358,551
NET BOOK VALUE
At 31st December 2023 358,551
At 31st December 2022 358,551

Acland Banks Limited (Registered number: 03138266)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 818,933 856,499

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loan and overdraft 63,857 63,859
Trade creditors 1,858 1,760
Taxation and social security 19,223 17,078
Other creditors 50,000 50,000
134,938 132,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 10,692 71,186
Other creditors 164,348 139,120
175,040 210,306

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 57,082 110,655
Loans from directors 192,656 159,456
249,738 270,111

The bank loan is secured by charges over freehold properties owned by the company, and also by a right of set off over the company's bank account with the lender.

The loans from directors are secured by a charge on freehold land owned by the company and also by a fixed and floating charge over all present and future assets of the company.

The company also has an unsecured bank loan of £17,466 (2022 - £24,390).

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.