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REGISTERED NUMBER: 11676381 (England and Wales)















ACKHURST INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






ACKHURST INVESTMENTS LIMITED (REGISTERED NUMBER: 11676381)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ACKHURST INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L J Hester
D P Hyde
D Hyde
J R Hyde
P G Hyde





REGISTERED OFFICE: Unit 1A
Common Bank Employment Area
Ackhurst Road
Chorley
PR7 1NH





REGISTERED NUMBER: 11676381 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

ACKHURST INVESTMENTS LIMITED (REGISTERED NUMBER: 11676381)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 2,238,811 2,228,750

CURRENT ASSETS
Debtors 5 - 111,279
Cash at bank 20,791 71,711
20,791 182,990
CREDITORS
Amounts falling due within one year 6 (59,760 ) (58,901 )
NET CURRENT (LIABILITIES)/ASSETS (38,969 ) 124,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,199,842

2,352,839

PROVISIONS FOR LIABILITIES (13,402 ) -
NET ASSETS 2,186,440 2,352,839

CAPITAL AND RESERVES
Called up share capital 10 10
Share premium 16 16
Retained earnings 2,186,414 2,352,813
2,186,440 2,352,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

ACKHURST INVESTMENTS LIMITED (REGISTERED NUMBER: 11676381)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 7 August 2024 and were signed on its behalf by:





J R Hyde - Director


ACKHURST INVESTMENTS LIMITED (REGISTERED NUMBER: 11676381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Ackhurst Investments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11676381 and the company's registered office address is Unit 1a Common Bank Employment Area, Ackhurst Road, Chorley, Lancashire, United Kingdom, PR7 1NH.

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.

The directors are satisfied that the company is a going concern and that the financial statements are correctly prepared on this basis.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets are outlined below.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

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 statement of financial position date.


ACKHURST INVESTMENTS LIMITED (REGISTERED NUMBER: 11676381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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.

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.

Investments
Listed investments are initially recognised at cost and are subsequently re-measured at their fair value. Changes in fair value are recognised in the income statement in admin expenses as appropriate.

Investments in group undertakings
Investments in group undertakings are recognised at cost and subsequently measured at cost less accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 26 2,228,724 2,228,750
Additions - 2,054,781 2,054,781
Disposals - (2,098,328 ) (2,098,328 )
Revaluations - 53,608 53,608
At 31 March 2024 26 2,238,785 2,238,811
NET BOOK VALUE
At 31 March 2024 26 2,238,785 2,238,811
At 31 March 2023 26 2,228,724 2,228,750

Cost or valuation at 31 March 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 26 2,238,785 2,238,811

The historic cost of the fixed asset investments is £2,185,203 (2023: £2,673,865).

ACKHURST INVESTMENTS LIMITED (REGISTERED NUMBER: 11676381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 111,279

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 58,901 58,901
Taxation and social security 859 -
59,760 58,901