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REGISTERED NUMBER: 04227194 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024

FOR

ACME VENTURES LIMITED

ACME VENTURES LIMITED (REGISTERED NUMBER: 04227194)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


ACME VENTURES LIMITED (REGISTERED NUMBER: 04227194)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 - -
- -

CURRENT ASSETS
Debtors 7 140,000 140,000
Cash at bank 5,375 5,981
145,375 145,981
CREDITORS
Amounts falling due within one year 8 33,111 33,075
NET CURRENT ASSETS 112,264 112,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,264

112,906

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 112,263 112,905
SHAREHOLDERS' FUNDS 112,264 112,906

ACME VENTURES LIMITED (REGISTERED NUMBER: 04227194)

BALANCE SHEET - continued
30 JUNE 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





Mr J G Rogers - Director


ACME VENTURES LIMITED (REGISTERED NUMBER: 04227194)

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


1. STATUTORY INFORMATION

ACME Ventures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04227194

Registered office: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company did not trade throughout the year and therefore the financial statements have been prepared on the basis that the company is no longer a going concern. The company's assets have been reviewed for impairment and written down to their recoverable amounts.

Goodwill
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 10 years straight line method

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% on reducing balance
Computer equipment - 33% on cost

All fixed assets are initially recorded at cost.

ACME VENTURES LIMITED (REGISTERED NUMBER: 04227194)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Investments and debtors
Monies invested in projects where returns are expected to be a share of profit are treated as investments and shown as a current asset. Such investments are stated at the lower of cost and estimated net realisable market value and income is accounted for as received. Monies invested in projects where interest is paid on the sums invested are treated as loans and included in debtors. Such loans are stated at the lower of cost and estimated net realisable value and interest is accrued as receivable.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 27,500
AMORTISATION
At 1 July 2023
and 30 June 2024 27,500
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

ACME VENTURES LIMITED (REGISTERED NUMBER: 04227194)

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


6. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 3,244 5,044 8,288
DEPRECIATION
At 1 July 2023
and 30 June 2024 3,244 5,044 8,288
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loans 140,000 140,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Director's current account 32,565 32,565
Accruals and deferred income 546 510
33,111 33,075

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1