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REGISTERED NUMBER: 14927130 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 JUNE 2023 TO 30 JUNE 2024

FOR

AC FROST LIMITED

AC FROST LIMITED (REGISTERED NUMBER: 14927130)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 9 June 2023 to 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AC FROST LIMITED

COMPANY INFORMATION
for the period 9 June 2023 to 30 June 2024







DIRECTORS: A A Frost
D M Snape





SECRETARY: C M Frost





REGISTERED OFFICE: 4 Murrayfield Road
Braunstone Frith Industrial Estate
Leicester
Leicestershire
LE3 1UW





REGISTERED NUMBER: 14927130 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

AC FROST LIMITED (REGISTERED NUMBER: 14927130)

BALANCE SHEET
30 June 2024

Notes £   
FIXED ASSETS
Investments 4 5,500,100

CURRENT ASSETS
Debtors 5 100

CREDITORS
Amounts falling due within one year 6 (600,000 )
NET CURRENT LIABILITIES (599,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,900,200

CREDITORS
Amounts falling due after more than one
year

7

(2,400,000

)
NET ASSETS 2,500,200

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 2,500,100
2,500,200

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





A A Frost - Director


AC FROST LIMITED (REGISTERED NUMBER: 14927130)

NOTES TO THE FINANCIAL STATEMENTS
for the period 9 June 2023 to 30 June 2024


1. STATUTORY INFORMATION

AC Frost Limited is a limited company, registered in England and Wales. Its registered office address is 4 Murrayfield Road, Braunstone Frifth Industrial Estate, Leicester, Leicestershire, LE3 1UW and the registered number is 14927130.

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
Investment in the subsidiary company is held at cost less accumulated impairment losses.

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Debtors
Basic financial assets, including trade and other debtors, 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 method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

AC FROST LIMITED (REGISTERED NUMBER: 14927130)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 9 June 2023 to 30 June 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 9,495,133
Impairments (3,995,033 )
At 30 June 2024 5,500,100
NET BOOK VALUE
At 30 June 2024 5,500,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 600,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 2,400,000