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
ACE Property Management & Consultancy Limited
Company Information
for the year ended 31 May 2024
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
ACE Property Management & Consultancy Limited
Statement of financial position
as at 31 May 2024
Tangible assets
1,088
1,219
Cash at bank and in hand
57,335
86,956
Creditors: amounts falling due within one year
(34,747)
(57,849)
Net current assets
44,408
47,511
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
ACE Property Management & Consultancy Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 May 2024
100
2,235
2,335
Charge for the year
5
261
266
At 31 May 2024
76
1,171
1,247
At 31 May 2024
24
1,064
1,088
At 31 May 2023
29
1,190
1,219
ACE Property Management & Consultancy Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Other debtors
15,823
15,895
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,209
8,530
Trade creditors
3,768
1,996
Taxes and social security
8,945
24,368
Loans from directors
685
-
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).