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REGISTERED NUMBER: 07663669












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ACYTAR LIMITED

ACYTAR LIMITED (REGISTERED NUMBER: 07663669)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


ACYTAR LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTOR: D M Taylor





REGISTERED OFFICE: Exhall Works
Blackhorse Road
Exhall
Coventry
West Midlands
CV7 9FW





REGISTERED NUMBER: 07663669





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

ACYTAR LIMITED (REGISTERED NUMBER: 07663669)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 381,713 351,965
Investment property 6 1,450,000 1,450,000
1,831,713 1,801,965

CURRENT ASSETS
Debtors 7 331,098 462,897
Cash at bank 642,188 436,462
973,286 899,359
CREDITORS
Amounts falling due within one year 8 (76,281 ) (76,077 )
NET CURRENT ASSETS 897,005 823,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,728,718

2,625,247

PROVISIONS FOR LIABILITIES 9 (112,372 ) (112,372 )
NET ASSETS 2,616,346 2,512,875

CAPITAL AND RESERVES
Called up share capital 2,849 2,849
Retained earnings 2,613,497 2,510,026
2,616,346 2,512,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 January 2025 and were signed by:




D M Taylor - Director


ACYTAR LIMITED (REGISTERED NUMBER: 07663669)

STATEMENT OF CHANGES IN EQUITY
for the year ended 30 April 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 2,849 2,401,305 2,404,154

Changes in equity
Dividends - (10,750 ) (10,750 )
Total comprehensive income - 119,471 119,471
Balance at 30 April 2023 2,849 2,510,026 2,512,875

Changes in equity
Total comprehensive income - 103,471 103,471
Balance at 30 April 2024 2,849 2,613,497 2,616,346

ACYTAR LIMITED (REGISTERED NUMBER: 07663669)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Acytar Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07663669 and registered office address is Exhall Works, Blackhorse Road, Exhall, Coventry, Warwickshire, CV7 9FW.

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 as modified by the revaluation of certain assets.

The presentational currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

Turnover
Turnover represents rents receivable from investment properties and lease surrenders.

This turnover is recognised as it falls due, in accordance with the lease to which it relates. Any lease incentives are spread evenly across the period of the lease.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated
impairment losses. Historical costs includes expenditure that is directly attributable to bringing the asset to the
location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and machinery-12.5% straight line
Fixtures and fittings-20% straight line
Motor vehicles-25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investment property
The company classifies land and buildings as investment property when it is held to earn rentals or for capital appreciation, or both. Investment properties are initially measured at cost, which comprises the purchase price and any directly attributable expenditure. Investment properties are subsequently remeasured to fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Fixed asset investments
Fixed asset investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit or loss account.

ACYTAR LIMITED (REGISTERED NUMBER: 07663669)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 1,952 3,433 4,125 9,510
DEPRECIATION
At 1 May 2023
and 30 April 2024 1,952 3,433 4,125 9,510
NET BOOK VALUE
At 30 April 2024 - - - -
At 30 April 2023 - - - -

ACYTAR LIMITED (REGISTERED NUMBER: 07663669)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2023 351,965
Additions 372,923
Disposals (353,582 )
Revaluations 10,407
At 30 April 2024 381,713
NET BOOK VALUE
At 30 April 2024 381,713
At 30 April 2023 351,965



6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 1,450,000
NET BOOK VALUE
At 30 April 2024 1,450,000
At 30 April 2023 1,450,000

Cost or valuation at 30 April 2024 is represented by:
£   
Valuation in 2012 390,426
Valuation in 2017 450,000
Valuation in 2018 409,574
Valuation in 2022 200,000
1,450,000

The investment property owned by the company was valued on an open market basis on 21 March 2022 by Holt Commercial Limited, a Chartered Surveyor and RICS member. The comparable historic cost is £409,574 (2023: £409,574).

The directors have considered the valuation as at 30 April 2024, on an open market basis, and consider the values to be in line with the valuation undertaken in the year.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,190 19,753
Other debtors 319,908 443,144
331,098 462,897

ACYTAR LIMITED (REGISTERED NUMBER: 07663669)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,528 3,244
Taxation and social security 32,819 44,141
Other creditors 36,934 28,692
76,281 76,077

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 112,372 112,372

Deferred
tax
£   
Balance at 1 May 2023 112,372
Balance at 30 April 2024 112,372

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
D M Taylor
Balance outstanding at start of year (18,500 ) 11,950
Amounts advanced 81,750 70,000
Amounts repaid (81,750 ) (100,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,500 ) (18,500 )

The maximum amount overdrawn during the year was £63,250 (2023: £57,000). No interest has been charged in the year.

11. RELATED PARTY TRANSACTIONS

During the year purchases were made from companies with common directorship amounting to £102,201 (2023: £82,679) and sales amounting to £80,502 (2023: £52,280 ). At the year end £249,032 (2023: £337,399) was due from these companies and are accounted for within debtors.