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REGISTERED NUMBER: 08770061 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

A & C PROPERTY (KETTERING) LTD

A & C PROPERTY (KETTERING) LTD (REGISTERED NUMBER: 08770061)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & C PROPERTY (KETTERING) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: A Ringrose
C Ringrose





REGISTERED OFFICE: 59 York Road
Northampton
Northamptonshire
NN1 5QL





REGISTERED NUMBER: 08770061 (England and Wales)





ACCOUNTANTS: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

A & C PROPERTY (KETTERING) LTD (REGISTERED NUMBER: 08770061)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 275,000 275,000

CURRENT ASSETS
Debtors 5 411 286
Cash at bank 2,795 3,167
3,206 3,453
CREDITORS
Amounts falling due within one year 6 65,323 63,543
NET CURRENT LIABILITIES (62,117 ) (60,090 )
TOTAL ASSETS LESS CURRENT LIABILITIES 212,883 214,910

CREDITORS
Amounts falling due after more than one
year

7

(55,484

)

(68,067

)

PROVISIONS FOR LIABILITIES (13,526 ) (13,526 )
NET ASSETS 143,873 133,317

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 57,666 57,666
Retained earnings 86,205 75,649
SHAREHOLDERS' FUNDS 143,873 133,317

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

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

A & C PROPERTY (KETTERING) LTD (REGISTERED NUMBER: 08770061)

BALANCE SHEET - continued
31ST 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 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 26th September 2024 and were signed on its behalf by:





A Ringrose - Director


A & C PROPERTY (KETTERING) LTD (REGISTERED NUMBER: 08770061)

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

1. STATUTORY INFORMATION

A & C Property (Kettering) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents invoiced sales of services.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 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 NIL (2023 - NIL).

A & C PROPERTY (KETTERING) LTD (REGISTERED NUMBER: 08770061)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 275,000
NET BOOK VALUE
At 31st March 2024 275,000
At 31st March 2023 275,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2015 16,192
Valuation in 2016 20,000
Valuation in 2022 35,000
Cost 203,808
275,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 203,808 203,808

Investment property was valued on an open market basis on 31st March 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 411 286

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,491 11,780
Trade creditors - 282
Amounts owed to participating interests 33,620 32,620
Taxation and social security 2,476 2,335
Other creditors 16,736 16,526
65,323 63,543

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 55,484 68,067

A & C PROPERTY (KETTERING) LTD (REGISTERED NUMBER: 08770061)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 13,458

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 67,975 79,847

The mortgage is secured by way of a fixed and floating charge over the property and assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary Share Capital £1 2 2

10. RESERVES
Fair
value
reserve
£   
At 1st April 2023
and 31st March 2024 57,666