Company Registration No. 11015896 (England and Wales)
ACED PORTFOLIO LTD
Unaudited accounts
for the year ended 31 October 2024
ACED PORTFOLIO LTD
Unaudited accounts
Contents
ACED PORTFOLIO LTD
Company Information
for the year ended 31 October 2024
Directors
Angela Wallis
Daren Wallis
Company Number
11015896 (England and Wales)
Registered Office
19 Deepdale Avenue
Scarborough
North Yorkshire
YO112UQ
Accountants
Christopher Strubin MAAT AATQB Licence 1001636
Compass Accounting
76 Main Street
Seamer
North Yorkshire
YO12 4RF
ACED PORTFOLIO LTD
Statement of financial position
as at 31 October 2024
Tangible assets
324,778
290,800
Cash at bank and in hand
16,561
13,900
Net current assets
16,561
13,900
Total assets less current liabilities
341,339
304,700
Creditors: amounts falling due after more than one year
(382,286)
(334,003)
Net liabilities
(40,947)
(29,303)
Called up share capital
100
100
Profit and loss account
(41,047)
(29,403)
Shareholders' funds
(40,947)
(29,303)
For the year ending 31 October 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 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 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 of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by
Daren Wallis
Director
Company Registration No. 11015896
ACED PORTFOLIO LTD
Notes to the Accounts
for the year ended 31 October 2024
ACED PORTFOLIO LTD is a private company, limited by shares, registered in England and Wales, registration number 11015896. The registered office is 19 Deepdale Avenue, Scarborough, North Yorkshire, YO112UQ.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Cost or valuation
At valuation
At 1 November 2023
290,800
At 31 October 2024
324,778
At 31 October 2024
324,778
At 31 October 2023
290,800
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Creditors: amounts falling due after more than one year
2024
2023
Other creditors
264,509
216,226
Loans from directors
117,777
117,777
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).