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REGISTERED NUMBER: 10985506 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

ACV Properties (Stoke) Limited

ACV Properties (Stoke) Limited (Registered number: 10985506)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


ACV Properties (Stoke) Limited (Registered number: 10985506)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 271,537 226,631

CURRENT ASSETS
Debtors 5 198,703 202,755
Cash at bank and in hand 192,132 128,333
390,835 331,088
CREDITORS
Amounts falling due within one year 6 520,650 523,047
NET CURRENT LIABILITIES (129,815 ) (191,959 )
TOTAL ASSETS LESS CURRENT LIABILITIES 141,722 34,672

CREDITORS
Amounts falling due after more than one year 7 (116,224 ) -

PROVISIONS FOR LIABILITIES (2,616 ) (1,982 )
NET ASSETS 22,882 32,690

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,782 32,590
SHAREHOLDERS' FUNDS 22,882 32,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Mr J E Edmans - Director


ACV Properties (Stoke) Limited (Registered number: 10985506)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

ACV Properties (Stoke) 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: 10985506

Registered office: 4 Queen Street
Newcastle
ST5 1ED

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost and not provided
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 2 (2023 - 2 ) .

ACV Properties (Stoke) Limited (Registered number: 10985506)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Freehold Office
property equipment Totals
£    £    £   
COST
At 1 March 2023 216,200 16,875 233,075
Additions 50,202 3,520 53,722
At 29 February 2024 266,402 20,395 286,797
DEPRECIATION
At 1 March 2023 - 6,444 6,444
Charge for year 5,328 3,488 8,816
At 29 February 2024 5,328 9,932 15,260
NET BOOK VALUE
At 29 February 2024 261,074 10,463 271,537
At 28 February 2023 216,200 10,431 226,631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,474 6,766
Amounts owed by group undertakings 195,229 195,129
Other debtors - 860
198,703 202,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,463 -
Trade creditors 1,471 492
Amounts owed to group undertakings 512,359 518,456
Taxation and social security 1,497 3,349
Other creditors 860 750
520,650 523,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 116,224 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 94,208 -

ACV Properties (Stoke) Limited (Registered number: 10985506)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 120,687 -

Security is held in the form of fixed and floating charges over all property and undertaking by the company, these charges contain a negative pledge.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking and 100% controlling party is Edmans Holdings Limited. The registered office of Edmans Holdings Limited is 4 Queen Street, Newcastle-Under-Lyme, United Kingdom, Staffordshire, ST5 1ED.