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REGISTERED NUMBER: 11783803 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

ACT Commercial Property Ltd

ACT Commercial Property Ltd (Registered number: 11783803)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ACT Commercial Property Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Ms A Ryder
Mr C Ryder





REGISTERED OFFICE: Unit 1 Stoneacre
Grimbald Crag Close
Knaresborough
HG5 8PJ





REGISTERED NUMBER: 11783803 (England and Wales)





ACCOUNTANTS: Wild & Co Chartered Accountants
Windsor House
Cornwall Road
Harrogate
HG1 2PW

ACT Commercial Property Ltd (Registered number: 11783803)

Abridged Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 670,000 627,565

CURRENT ASSETS
Debtors 800 690
Cash at bank 7,673 28,560
8,473 29,250
CREDITORS
Amounts falling due within one year 236,238 257,718
NET CURRENT LIABILITIES (227,765 ) (228,468 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,235

399,097

CREDITORS
Amounts falling due after more than one
year

5

(302,578

)

(317,430

)

PROVISIONS FOR LIABILITIES 7 (10,609 ) -
NET ASSETS 129,048 81,667

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 129,047 81,666
SHAREHOLDERS' FUNDS 129,048 81,667

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ACT Commercial Property Ltd (Registered number: 11783803)

Abridged Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 February 2025 and were signed on its behalf by:





Ms A Ryder - Director


ACT Commercial Property Ltd (Registered number: 11783803)

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

1. STATUTORY INFORMATION

ACT Commercial Property Ltd 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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 627,565
Revaluations 42,435
At 31 October 2024 670,000
NET BOOK VALUE
At 31 October 2024 670,000
At 31 October 2023 627,565

The fair value of investment property is determined using the director's valuation technique, which considers market conditions, comparable sales, and other relevant factors.

ACT Commercial Property Ltd (Registered number: 11783803)

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

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.24 31.10.23
£    £   
Repayable by instalments
Lloyds > 5 years 219,783 244,026

6. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 323,277 335,108

Loans of £323,277 (FY23 - £335,108) are secured by a fixed and floating charge over the assets of the company.

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 10,609 -

Deferred
tax
£   
Provided during year 10,609
Balance at 31 October 2024 10,609

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary Shares £0.01 1 1

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Ms A Ryder
Balance outstanding at start of year (132,811 ) (132,811 )
Amounts repaid 25,050 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (107,761 ) (132,811 )

ACT Commercial Property Ltd (Registered number: 11783803)

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

10. RELATED PARTY DISCLOSURES

The director loan of £107,761 is money advanced to the Company by the Director as at 31 October 2024. The loan is unsecured and interest free. The loan is repayable on demand.

At the year end, the company owed MJ Ryder Limited £99,093. Ms A Ryder is a director of this company. The loan is unsecured and interest free. The loan is repayable on demand.