IRIS Accounts Production v24.3.0.553 10442338 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104423382023-03-31104423382024-03-31104423382023-04-012024-03-31104423382022-03-31104423382022-04-012023-03-31104423382023-03-3110442338ns15:EnglandWales2023-04-012024-03-3110442338ns14:PoundSterling2023-04-012024-03-3110442338ns10:Director12023-04-012024-03-3110442338ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110442338ns10:SmallEntities2023-04-012024-03-3110442338ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110442338ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110442338ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110442338ns10:FullAccounts2023-04-012024-03-3110442338ns10:Director22023-04-012024-03-3110442338ns10:CompanySecretary12023-04-012024-03-3110442338ns10:RegisteredOffice2023-04-012024-03-3110442338ns5:CurrentFinancialInstruments2024-03-3110442338ns5:CurrentFinancialInstruments2023-03-3110442338ns5:Non-currentFinancialInstruments2024-03-3110442338ns5:Non-currentFinancialInstruments2023-03-3110442338ns5:ShareCapital2024-03-3110442338ns5:ShareCapital2023-03-3110442338ns5:SharePremium2024-03-3110442338ns5:SharePremium2023-03-3110442338ns5:RevaluationReserve2024-03-3110442338ns5:RevaluationReserve2023-03-3110442338ns5:RetainedEarningsAccumulatedLosses2024-03-3110442338ns5:RetainedEarningsAccumulatedLosses2023-03-3110442338ns5:CostValuation2023-03-3110442338ns5:AdditionsToInvestments2024-03-3110442338ns5:CostValuation2024-03-3110442338ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110442338ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110442338ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 10442338 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Acre Creative Holdings Limited

Acre Creative Holdings Limited (Registered number: 10442338)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acre Creative Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C M Treharne
N A Hill





SECRETARY: W Roe





REGISTERED OFFICE: C/O Harrison North
Adam House, 7-10 Adam Street
London
WC2N 6AA





REGISTERED NUMBER: 10442338 (England and Wales)





ACCOUNTANTS: Harrison North
Adam House, 7-10 Adam Street
London
WC2N 6AA

Acre Creative Holdings Limited (Registered number: 10442338)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,330,000 700,000

CURRENT ASSETS
Debtors 5 776,905 31,852
Cash at bank and in hand 963 1,159
777,868 33,011
CREDITORS
Amounts falling due within one year 6 94,215 82,107
NET CURRENT ASSETS/(LIABILITIES) 683,653 (49,096 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,013,653

650,904

CREDITORS
Amounts falling due after more than one
year

7

750,000

-
NET ASSETS 1,263,653 650,904

Acre Creative Holdings Limited (Registered number: 10442338)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 133 100
Share premium 629,967 -
Revaluation reserve 8 699,360 699,360
Retained earnings (65,807 ) (48,556 )
1,263,653 650,904

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





C M Treharne - Director


Acre Creative Holdings Limited (Registered number: 10442338)

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


1. STATUTORY INFORMATION

Acre Creative Holdings 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.

Investments in subsidiaries
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. Changes in fair value are recognised in other comprehensive income.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Acre Creative Holdings Limited (Registered number: 10442338)

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


2. ACCOUNTING POLICIES - continued

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amotised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 700,000
Additions 630,000
At 31 March 2024 1,330,000
NET BOOK VALUE
At 31 March 2024 1,330,000
At 31 March 2023 700,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 776,905 30,974
Other debtors - 878
776,905 31,852

Acre Creative Holdings Limited (Registered number: 10442338)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 94,215 82,107

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 750,000 -

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 699,360