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REGISTERED NUMBER: 12701385 (England and Wales)















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JUNE 2024

FOR

A C HOLDINGS LIMITED

A C HOLDINGS LIMITED (REGISTERED NUMBER: 12701385)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


A C HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 JUNE 2024







DIRECTORS: A Ali
Ms C Yates





REGISTERED OFFICE: Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ





REGISTERED NUMBER: 12701385 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

A C HOLDINGS LIMITED (REGISTERED NUMBER: 12701385)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 29 JUNE 2024

The directors present their report with the financial statements of the company for the year ended 29 June 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 30 June 2023 to the date of this report.

A Ali
Ms C Yates

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A Ali - Director


26 March 2025

A C HOLDINGS LIMITED (REGISTERED NUMBER: 12701385)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 29 JUNE 2024

2024 2023
£    £   

TURNOVER 198,942 68,310

Administrative expenses 34,799 3,565
164,143 64,745

Other operating income 650,000 -
OPERATING PROFIT 814,143 64,745

Income from shares in group undertakings 581,200 725,000
PROFIT BEFORE TAXATION 1,395,343 789,745

Tax on profit 203,536 13,038
PROFIT FOR THE FINANCIAL YEAR 1,191,807 776,707

Retained earnings at beginning of year 801,561 24,854

Dividends (20,000 ) -

RETAINED EARNINGS AT END OF YEAR 1,973,368 801,561

A C HOLDINGS LIMITED (REGISTERED NUMBER: 12701385)

BALANCE SHEET
29 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,532,218 1,715,242
Investments 5 1 1
2,532,219 1,715,243

CURRENT ASSETS
Debtors 6 190,351 3,498
Cash at bank 61,312 3,874
251,663 7,372
CREDITORS
Amounts falling due within one year 7 343,369 19,745
NET CURRENT LIABILITIES (91,706 ) (12,373 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,440,513

1,702,870

CREDITORS
Amounts falling due after more than one year 8 467,045 901,209
NET ASSETS 1,973,468 801,661

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,973,368 801,561
1,973,468 801,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Ms C Yates - Director


A C HOLDINGS LIMITED (REGISTERED NUMBER: 12701385)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

1. STATUTORY INFORMATION

A C Holdings Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about A C Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2023 - NIL).

A C HOLDINGS LIMITED (REGISTERED NUMBER: 12701385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2024

4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 30 June 2023 1,715,242
Additions 816,976
At 29 June 2024 2,532,218
NET BOOK VALUE
At 29 June 2024 2,532,218
At 29 June 2023 1,715,242

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 June 2023
and 29 June 2024 1
NET BOOK VALUE
At 29 June 2024 1
At 29 June 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loan account - GD Fashion Ltd 186,563 -
Prepayments 3,788 3,498
190,351 3,498

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,936 -
Tax 203,536 16,419
VAT 129,547 1,500
Accrued expenses 1,350 1,826
343,369 19,745

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Loan account - N Rosati 25,000 25,000
Loan account - A Ali - 30,000
Loan account - GD Fashion Limited - 542,764
Directors' loan accounts 442,045 303,445
467,045 901,209