IRIS Accounts Production v24.3.0.553 11008292 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110082922023-01-31110082922024-01-31110082922023-02-012024-01-31110082922022-01-31110082922022-02-012023-01-31110082922023-01-3111008292ns15:EnglandWales2023-02-012024-01-3111008292ns14:PoundSterling2023-02-012024-01-3111008292ns10:Director12023-02-012024-01-3111008292ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111008292ns10:SmallEntities2023-02-012024-01-3111008292ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111008292ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111008292ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111008292ns10:FullAccounts2023-02-012024-01-3111008292ns10:OrdinaryShareClass12023-02-012024-01-3111008292ns10:RegisteredOffice2023-02-012024-01-3111008292ns5:CurrentFinancialInstruments2024-01-3111008292ns5:CurrentFinancialInstruments2023-01-3111008292ns5:Non-currentFinancialInstruments2024-01-3111008292ns5:Non-currentFinancialInstruments2023-01-3111008292ns5:ShareCapital2024-01-3111008292ns5:ShareCapital2023-01-3111008292ns5:RetainedEarningsAccumulatedLosses2024-01-3111008292ns5:RetainedEarningsAccumulatedLosses2023-01-3111008292ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3111008292ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3111008292ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3111008292ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3111008292ns10:OrdinaryShareClass12024-01-3111008292ns5:RetainedEarningsAccumulatedLosses2023-01-3111008292ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 11008292 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Acs Land & Property Limited

Acs Land & Property Limited (Registered number: 11008292)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Acs Land & Property Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A J W Crease





REGISTERED OFFICE: 1 Love Lane
Hayle
Cornwall
TR27 4PX





REGISTERED NUMBER: 11008292 (England and Wales)





ACCOUNTANTS: Tropman & Co Limited
39 Station Road
Liphook
Hampshire
GU30 7DW

Acs Land & Property Limited (Registered number: 11008292)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Debtors 4 4,800 -
Cash at bank 1,193 3,694
5,993 3,694
CREDITORS
Amounts falling due within one year 5 58,355 61,354
NET CURRENT LIABILITIES (52,362 ) (57,660 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,362

)

(57,660

)

CREDITORS
Amounts falling due after more than one
year

6

5,594

9,137
NET LIABILITIES (57,956 ) (66,797 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (58,056 ) (66,897 )
SHAREHOLDERS' FUNDS (57,956 ) (66,797 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





A J W Crease - Director


Acs Land & Property Limited (Registered number: 11008292)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Acs Land & Property Limited 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 represents amounts receivable for rental income on investment properties.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 4,800 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 7) 3,405 3,405
Other creditors 1,466 1,466
Directors' current accounts 52,524 55,523
Accruals and deferred income 960 960
58,355 61,354

Acs Land & Property Limited (Registered number: 11008292)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 7) 5,594 9,137

7. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,405 3,405

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,594 9,137

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2023 (66,897 )
Profit for the year 8,841
At 31 January 2024 (58,056 )

10. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £52,524 (2023 - £55,523) owing to the company director.

Adam Crease (Director and shareholder) and Deborah Crease (shareholder) are the ultimate controlling party by virtue of their shareholding in the company.