Company Registration No. 09925888 (England and Wales)
Accoutle Properties Limited
Unaudited accounts
for the year ended 31 December 2024
Accoutle Properties Limited
Unaudited accounts
Contents
Accoutle Properties Limited
Company Information
for the year ended 31 December 2024
Director
Clare Elizabeth Williams
Company Number
09925888 (England and Wales)
Registered Office
Timsons Business Centre
Bath Road
Kettering
NN16 8NQ
United Kingdom
Accountants
PHA Accountants Limited
Timsons Business Centre
Bath Road
Kettering
Northamptonshire
NN16 8NQ
Accoutle Properties Limited
Accountants' report
Accountants' report to the director of Accoutle Properties Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Accoutle Properties Limited for the year ended
31 December 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Accoutle Properties Limited, as a body, in accordance with the terms of our engagement letter dated 12 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of Accoutle Properties Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Accoutle Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Accoutle Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Accoutle Properties Limited. You consider that Accoutle Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Accoutle Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
PHA Accountants Limited
Timsons Business Centre
Bath Road
Kettering
Northamptonshire
NN16 8NQ
25 February 2025
Accoutle Properties Limited
Statement of financial position
as at 31 December 2024
Investment property
588,041
607,877
Cash at bank and in hand
1,417
1,311
Creditors: amounts falling due within one year
(9,844)
(6,354)
Net current liabilities
(8,427)
(5,043)
Total assets less current liabilities
579,614
602,834
Creditors: amounts falling due after more than one year
(580,322)
(596,418)
Net (liabilities)/assets
(708)
6,416
Called up share capital
1
1
Revaluation reserve
16,150
39,249
Profit and loss account
(16,859)
(32,834)
Shareholders' funds
(708)
6,416
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Clare Elizabeth Williams
Director
Company Registration No. 09925888
Accoutle Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
Accoutle Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09925888. The registered office is Timsons Business Centre, Bath Road, Kettering, NN16 8NQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement.
The director has confirmed that she will continue to give financial support to the company until such time as its position improves.
The director considers that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support was withdrawn.
Fair value at 1 January 2024
607,877
At 31 December 2024
588,041
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,694
5,310
Taxes and social security
1,555
-
Accoutle Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
406,007
401,048
Loans from directors
174,315
195,370
Of the above creditors, bank loans of £406,007 (2023: £401,048) are secured over the property.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).