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REGISTERED NUMBER: 10719596 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ACE PROPERTIES FRECKLETON LTD

ACE PROPERTIES FRECKLETON LTD (REGISTERED NUMBER: 10719596)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACE PROPERTIES FRECKLETON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D W Eyre
Mrs A C Eyre





SECRETARY: Mrs A C Eyre





REGISTERED OFFICE: 52 Kirkham Road,
Freckleton,
Preston
Lancashire
PR4 1HT





REGISTERED NUMBER: 10719596 (England and Wales)





ACCOUNTANTS: Thompsons Accountants Limited
Squires Lodge
17 Main Street
Nether Poppleton
York
North Yorkshire
YO26 6HS

ACE PROPERTIES FRECKLETON LTD (REGISTERED NUMBER: 10719596)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,549 95,337

CURRENT ASSETS
Debtors 5 756 672
Cash at bank 3,724 8,242
4,480 8,914
CREDITORS
Amounts falling due within one year 6 49,137 62,471
NET CURRENT LIABILITIES (44,657 ) (53,557 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,892

41,780

RESERVES
Retained earnings 45,892 41,780
SHAREHOLDERS' FUNDS 45,892 41,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 15 June 2024 and were signed on its behalf by:





D W Eyre - Director


ACE PROPERTIES FRECKLETON LTD (REGISTERED NUMBER: 10719596)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Ace Properties Freckleton 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.

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.
Freehold property - 4% on cost
Fixtures, fittings & equipment - 25% on cost

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.

Freehold land and buildings
The freehold land and buildings consist of prefabricated structures which are expected to have an economic useful life of 25 years. On this basis they are depreciated at 4% on cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ACE PROPERTIES FRECKLETON LTD (REGISTERED NUMBER: 10719596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings
property & equipment Totals
£    £    £   
COST
At 1 May 2023 124,500 3,385 127,885
Additions - 509 509
At 30 April 2024 124,500 3,894 128,394
DEPRECIATION
At 1 May 2023 29,880 2,668 32,548
Charge for year 4,980 317 5,297
At 30 April 2024 34,860 2,985 37,845
NET BOOK VALUE
At 30 April 2024 89,640 909 90,549
At 30 April 2023 94,620 717 95,337

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 756 672

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors (1 ) 1
Taxation and social security 2,088 2,380
Other creditors 47,050 60,090
49,137 62,471