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Registered number: SC167335

Acretown Limited

ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024


Acretown Limited

ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
DIRECTORS
D K Court
J B Alexander
SECRETARY
D K Court
REGISTERED OFFICE
10 Sunnyside
Edinburgh
City of Edinburgh
EH7 5RA
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC167335
ACCOUNTANTS
Hodgson and Company
16 Barnes Green
Livingston
West Lothian
EH54 8PP

Acretown Limited

ACCOUNTS
FOR THEYEARENDED31 JULY 2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Acretown Limited

BALANCE SHEET AT 31 July 2024
20242023
Notes££
FIXED ASSETS
Tangible assets3,496,7883,330,433
CURRENT ASSETS
Debtors374,677129,546
Cash at bank and in hand159,50483,505
234,181213,051
CREDITORS: Amounts falling due within one year4169,657163,440
NET CURRENT ASSETS64,52449,611
TOTAL ASSETS LESS CURRENT LIABILITIES3,561,3123,380,044
CREDITORS: Amounts falling due after more than one year51,345,0001,345,000
PROVISIONS FOR LIABILITIES AND CHARGES223,195137,993
NET ASSETS1,993,1171,897,051
CAPITAL AND RESERVES
Called up share capital22
Revaluation reserve1d,1,017,682926,384
Profit and loss account975,433970,665
SHAREHOLDERS' FUNDS1,993,1171,897,051
For the year ending 31 July 2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17 April 2025 and signed on their behalf by
.............................
D K Court
Director

Acretown Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note ).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
1e.
1f. Turnover
Turnover represents the value of rents receivable, net of Value Added Tax.

Acretown Limited

2. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 August 20233,330,0003,330,000
Revaluation166,500166,500
At 31 July 20243,496,5003,496,500
The investment properties were valued on an open market basis by the directors on 31 July 2024.
If the investment properties had not been revalued they would have been included at an historical cost value of £2,255,623 (2023: £2,092,745).
3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors17,75861,804
VAT-3,337
Other debtors300300
Prepayments7,96614,521
Loans38,61938,619
Directors current account8,6258,625
73,268127,206
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax37,95650,350
VAT8,223-
Directors current account5,5141,334
Bank Loan30,00030,000
Other creditors65,46265,462
Accruals9,89214,959
Deferred income12,6101,335
169,657163,440

Acretown Limited

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans1,345,0001,345,000
1,345,0001,345,000
6. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured1,375,0001,375,000
The loan from Hampden & Co PLC is secured by means of a standard security over all of the assets of the company.
7. EMPLOYEES
20242023
No.No.
Average number of employees22