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Company Registration No. 09925888 (England and Wales)
Accoutle Properties Limited Unaudited accounts for the year ended 31 December 2023
Accoutle Properties Limited Unaudited accounts Contents
Page
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Accoutle Properties Limited Company Information for the year ended 31 December 2023
Director
Clare Elizabeth Williams
Company Number
09925888 (England and Wales)
Registered Office
Timsons Business Centre Bath Road Kettering NN16 8NQ United Kingdom
Accountants
PHA Accountants Limited Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ
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Accoutle Properties Limited Accountants' report
Accountants' report to the director of Accoutle Properties Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Accoutle Properties Limited for the year ended 31 December 2023 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Accoutle Properties Limited, as a body, in accordance with the terms of our engagement letter dated 12 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of Accoutle Properties Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Accoutle Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Accoutle Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Accoutle Properties Limited. You consider that Accoutle Properties Limited 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 accounts of Accoutle Properties Limited. 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 accounts.
PHA Accountants Limited Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ 31 October 2024
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Accoutle Properties Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
607,877 
580,918 
Current assets
Cash at bank and in hand
1,311 
3,310 
Creditors: amounts falling due within one year
(6,354)
(6,237)
Net current liabilities
(5,043)
(2,927)
Total assets less current liabilities
602,834 
577,991 
Creditors: amounts falling due after more than one year
(596,418)
(592,790)
Net assets/(liabilities)
6,416 
(14,799)
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
39,249 
16,150 
Profit and loss account
(32,834)
(30,950)
Shareholders' funds
6,416 
(14,799)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 November 2024 and were signed on its behalf by
Clare Elizabeth Williams Director Company Registration No. 09925888
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Accoutle Properties Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Accoutle Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09925888. The registered office is Timsons Business Centre, Bath Road, Kettering, NN16 8NQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
580,918 
Additions
3,860 
Net gain from fair value adjustments
23,099 
At 31 December 2023
607,877 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,310 
5,193 
Accruals
1,044 
1,044 
6,354 
6,237 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
401,048 
406,615 
Loans from directors
195,370 
186,175 
596,418 
592,790 
Of the above creditors, bank loans of £401,048 (2022: £406,615) are secured over the property.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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