Registered number
01879000
ACROPOLIS PROPERTY DEVELOPMENTS LTD
Filleted Accounts
5 April 2024
ACROPOLIS PROPERTY DEVELOPMENTS LTD
Registered number: 01879000
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 355,824 247,842
Current assets
Debtors 4 198,185 202,526
Investments held as current assets 5 - 904,048
Cash at bank and in hand 887,728 106,792
1,085,913 1,213,366
Creditors: amounts falling due within one year 6 (89,641) (26,559)
Net current assets 996,272 1,186,807
Total assets less current liabilities 1,352,096 1,434,649
Creditors: amounts falling due after more than one year 7 (213,083) (339,885)
Net assets 1,139,013 1,094,764
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 8 414,962 414,962
Profit and loss account 723,051 678,802
Shareholders' funds 1,139,013 1,094,764
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
DEMETRES YIANNI
Director
Approved by the board on 4 December 2024
ACROPOLIS PROPERTY DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% reducing Balance
Fixtures, fittings, tools and equipment 20% reducing Balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 6 April 2023 257,364 5,870 3,384 266,618
Additions 108,111 - - 108,111
At 5 April 2024 365,475 5,870 3,384 374,729
Depreciation
At 6 April 2023 10,167 5,225 3,384 18,776
Charge for the year - 129 - 129
At 5 April 2024 10,167 5,354 3,384 18,905
Net book value
At 5 April 2024 355,308 516 - 355,824
At 5 April 2023 247,197 645 - 247,842
4 Debtors 2024 2023
£ £
Other debtors 198,185 202,526
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments - 904,048
6 Creditors: amounts falling due within one year 2024 2023
£ £
Directors Loan Account 51,947 -
Taxation and social security costs 14,754 10,585
Other creditors 22,940 15,974
89,641 26,559
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 213,083 339,885
8 Revaluation reserve 2024 2023
£ £
At 6 April 2023 414,962 414,962
At 5 April 2024 414,962 414,962
9 Other information
ACROPOLIS PROPERTY DEVELOPMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
180 CHURCH ROAD
WILLESDEN
LONDON
NW10 9NP
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