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Company Registration No. 10760450 (England and Wales)
ACE Property Management & Consultancy Limited Unaudited accounts for the year ended 31 May 2024
ACE Property Management & Consultancy Limited Unaudited accounts Contents
Page
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ACE Property Management & Consultancy Limited Company Information for the year ended 31 May 2024
Director
A Ellis
Company Number
10760450 (England and Wales)
Registered Office
4 Cross Tree Centre Caen Street Braunton Devon EX33 1AA United Kingdom
Accountants
North Devon Accounts 4 Cross Tree Centre Caen Street Braunton Devon EX33 1AA
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ACE Property Management & Consultancy Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,088 
1,219 
Current assets
Debtors
21,820 
18,404 
Cash at bank and in hand
57,335 
86,956 
79,155 
105,360 
Creditors: amounts falling due within one year
(34,747)
(57,849)
Net current assets
44,408 
47,511 
Net assets
45,496 
48,730 
Capital and reserves
Share premium
1 
1 
Profit and loss account
45,495 
48,729 
Shareholders' funds
45,496 
48,730 
For the year ending 31 May 2024 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 22 October 2024 and were signed on its behalf by
A Ellis Director Company Registration No. 10760450
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ACE Property Management & Consultancy Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
ACE Property Management & Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 10760450. The registered office is 4 Cross Tree Centre, Caen Street, Braunton, Devon, EX33 1AA, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18 % Reducing balance
Computer equipment
18 % Reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
100 
2,100 
2,200 
Additions
- 
135 
135 
At 31 May 2024
100 
2,235 
2,335 
Depreciation
At 1 June 2023
71 
910 
981 
Charge for the year
5 
261 
266 
At 31 May 2024
76 
1,171 
1,247 
Net book value
At 31 May 2024
24 
1,064 
1,088 
At 31 May 2023
29 
1,190 
1,219 
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ACE Property Management & Consultancy Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,997 
2,509 
Other debtors
15,823 
15,895 
21,820 
18,404 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,209 
8,530 
VAT
7,346 
22,105 
Trade creditors
3,768 
1,996 
Taxes and social security
8,945 
24,368 
Other creditors
1,794 
- 
Loans from directors
685 
- 
Accruals
1,000 
850 
34,747 
57,849 
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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