1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,807 1,434 4,241 2,367 379 2,746 1,495 440 xbrli:pure xbrli:shares iso4217:GBP 04793908 2023-12-01 2024-11-30 04793908 2024-11-30 04793908 2023-11-30 04793908 2022-12-01 2023-11-30 04793908 2023-11-30 04793908 2022-11-30 04793908 core:FurnitureFittings 2023-12-01 2024-11-30 04793908 bus:Director1 2023-12-01 2024-11-30 04793908 core:FurnitureFittings 2023-11-30 04793908 core:FurnitureFittings 2024-11-30 04793908 core:WithinOneYear 2024-11-30 04793908 core:WithinOneYear 2023-11-30 04793908 core:ShareCapital 2024-11-30 04793908 core:ShareCapital 2023-11-30 04793908 core:RetainedEarningsAccumulatedLosses 2024-11-30 04793908 core:RetainedEarningsAccumulatedLosses 2023-11-30 04793908 core:FurnitureFittings 2023-11-30 04793908 bus:Director1 2023-11-30 04793908 bus:Director1 2024-11-30 04793908 bus:Director1 2022-11-30 04793908 bus:Director1 2023-11-30 04793908 bus:Director1 2022-12-01 2023-11-30 04793908 bus:SmallEntities 2023-12-01 2024-11-30 04793908 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04793908 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04793908 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04793908 bus:FullAccounts 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 04793908
Acre 744 Limited
Filleted Unaudited Financial Statements
30 November 2024
Acre 744 Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,495
440
Current assets
Debtors
6
361,492
35,538
Cash at bank and in hand
604,806
585,742
---------
---------
966,298
621,280
Creditors: amounts falling due within one year
7
153,185
122,965
---------
---------
Net current assets
813,113
498,315
---------
---------
Total assets less current liabilities
814,608
498,755
---------
---------
Net assets
814,608
498,755
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
814,508
498,655
---------
---------
Shareholders funds
814,608
498,755
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Acre 744 Limited
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 24 April 2025 , and are signed on behalf of the board by:
Mr A Pierce
Director
Company registration number: 04793908
Acre 744 Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 December 2023
2,807
2,807
Additions
1,434
1,434
-------
-------
At 30 November 2024
4,241
4,241
-------
-------
Depreciation
At 1 December 2023
2,367
2,367
Charge for the year
379
379
-------
-------
At 30 November 2024
2,746
2,746
-------
-------
Carrying amount
At 30 November 2024
1,495
1,495
-------
-------
At 30 November 2023
440
440
-------
-------
6. Debtors
2024
2023
£
£
Other debtors
361,492
35,538
---------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
121,220
99,095
Social security and other taxes
30,854
22,278
Other creditors
1,111
1,592
---------
---------
153,185
122,965
---------
---------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Pierce
34,810
367,289
( 41,411)
360,688
--------
---------
--------
---------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Pierce
59,506
54,794
( 79,490)
34,810
--------
--------
--------
--------
The loan was on interest free terms and repayable on demand.