2023-08-042024-08-312024-08-31false15050928ACE & THRIVE (HOLDINGS) 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ACE & THRIVE (HOLDINGS) LTD

Registered Number
15050928
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2024

ACE & THRIVE (HOLDINGS) LTD
Company Information
for the period from 4 August 2023 to 31 August 2024

Director

ADEDOJA, Idriz

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

15050928 (England and Wales)
ACE & THRIVE (HOLDINGS) LTD
Balance Sheet as at
31 August 2024

Notes

2024

£

£

Fixed assets
Investments3393,849
393,849
Current assets
Debtors120,000
Cash at bank and on hand1,150
121,150
Creditors amounts falling due within one year4(357,716)
Net current assets (liabilities)(236,566)
Total assets less current liabilities157,283
Creditors amounts falling due after one year5(153,103)
Net assets4,180
Capital and reserves
Called up share capital10,000
Profit and loss account(5,820)
Shareholders' funds4,180
The financial statements were approved and authorised for issue by the Director on 1 May 2025, and are signed on its behalf by:
ADEDOJA, Idriz
Director
Registered Company No. 15050928
ACE & THRIVE (HOLDINGS) LTD
Notes to the Financial Statements
for the period ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Related parties
Amounts related to Haywards Couture Cleaners Limited as on YE 2024 is £232,629 Cr. and Maison Parc Dry cleaners Ltd YE 2024 is £120,000 Dr.
2.Average number of employees

2024
Average number of employees during the year1
3.Fixed asset investments
Investment is related to 100% shares holding in Haywards Couture Cleaners Limited

Total

£
Cost or valuation
Additions393,849
At 31 August 24393,849
Net book value
At 31 August 24393,849
At 03 August 23-
4.Creditors: amounts due within one year

2024

£
Amounts owed to related parties350,236
Other creditors7,000
Accrued liabilities and deferred income480
Total357,716
5.Creditors: amounts due after one year

2024

£
Other creditors153,103
Total153,103
6.Directors advances, credits and guarantees
Other creditors as on YE 2024 includes balance to Directors' Loan Account of £97,791 Cr