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REGISTERED NUMBER: 05056961 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ACMB INVESTMENTS LTD

ACMB INVESTMENTS LTD (REGISTERED NUMBER: 05056961)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

ACMB INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A B Snape
M E Snape





REGISTERED OFFICE: The Hyde
Hyde Lane
Prestbury
Cheltenham
Gloucestershire
GL50 4SL





REGISTERED NUMBER: 05056961 (England and Wales)





ACCOUNTANTS: BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

ACMB INVESTMENTS LTD (REGISTERED NUMBER: 05056961)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 671 3,649
Investments 5 722,996 572,996
Investment property 6 1,753,845 1,697,045
2,477,512 2,273,690

CURRENT ASSETS
Debtors 2,386 1,858
Cash at bank 6,080 8,189
8,466 10,047
CREDITORS
Amounts falling due within one year (952,704 ) (851,175 )
NET CURRENT LIABILITIES (944,238 ) (841,128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,533,274

1,432,562

CREDITORS
Amounts falling due after more than
one year

7

(650,000

)

(650,000

)

PROVISIONS FOR LIABILITIES (116,467 ) (102,267 )
NET ASSETS 766,807 680,295

CAPITAL AND RESERVES
Called up share capital 9 100 100
Undistributable reserve 10 437,032 394,432
Retained earnings 329,675 285,763
SHAREHOLDERS' FUNDS 766,807 680,295

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

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

ACMB INVESTMENTS LTD (REGISTERED NUMBER: 05056961)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





M E Snape - Director


ACMB INVESTMENTS LTD (REGISTERED NUMBER: 05056961)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

ACMB Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents income receivable from tenants during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
In accordance with the Financial Reporting Standard ("FRS102"), investment properties are revalued annually and the aggregate surplus or deficit is transferred to a non-distributable reserve, except where a deficit on an individual investment property is expected to be permanent in which case it is charged (or credited, where a deficit is reversed) to the profit and loss account of the period. No depreciation is provided in respect of leasehold investment properties where the unexpired term is more than 20 years.

The Companies Act 2006 ("The Act") requires all properties to be depreciated. However this requirement conflicts with the generally accepted accounting principle set out in FRS102. The directors consider that, because these properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to follow the principles in FRS102 in order to give a true and fair view.

If this departure from the Act had not been made, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


ACMB INVESTMENTS LTD (REGISTERED NUMBER: 05056961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date and on the revaluation of investment properties.

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 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 28,751
DEPRECIATION
At 1 January 2023 25,102
Charge for year 2,978
At 31 December 2023 28,080
NET BOOK VALUE
At 31 December 2023 671
At 31 December 2022 3,649

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023 572,996
Additions 150,000
At 31 December 2023 722,996
NET BOOK VALUE
At 31 December 2023 722,996
At 31 December 2022 572,996

ACMB INVESTMENTS LTD (REGISTERED NUMBER: 05056961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,697,045
Revaluations 56,800
At 31 December 2023 1,753,845
NET BOOK VALUE
At 31 December 2023 1,753,845
At 31 December 2022 1,697,045

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2014 278,600
Valuation in 2016 63,853
Valuation in 2017 8,493
Valuation in 2018 (44,607 )
Valuation in 2019 99,893
Valuation in 2020 16,000
Valuation in 2021 20,200
Valuation in 2022 54,267
Valuation in 2023 56,800
Cost 1,200,346
1,753,845

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.12.23 31.12.22
£    £   
Repayable otherwise than by instalments
Bank loan repayable after
more than 5 years - not by
instalments 650,000 650,000
650,000 650,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 650,000 650,000

Security is against the company's freehold property.

ACMB INVESTMENTS LTD (REGISTERED NUMBER: 05056961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Undistributable
reserve
£   
At 1 January 2023 394,432
Transfer to undistributable reserve 42,600

At 31 December 2023 437,032

11. RELATED PARTY DISCLOSURES

Snape Management Solutions Limited
A company in which all of the shareholders also have equity
interests.


The company has received a loan from Snape Management Solutions Limited for working capital, which is interest free and repayable on demand.

31.12.23 31.12.22
£ £
Amount due to the related party 935,031 837,905

Broughton Apartments Limited
A company in which ACMB Investments Limited owns shares

This company has received dividend income from Broughton
Apartments Limited during the year.

31.12.23 31.12.22
£ £
Amount due to the related party 4,244 2,351

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ACMB INVESTMENTS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ACMB Investments Ltd for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of ACMB Investments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ACMB Investments Ltd and state those matters that we have agreed to state to the Board of Directors of ACMB Investments Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ACMB Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ACMB Investments Ltd. You consider that ACMB Investments Ltd 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 financial statements of ACMB Investments Ltd. 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 financial statements.






BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX


23 September 2024