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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
Page
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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
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ACED PORTFOLIO LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
324,778 
290,800 
Current assets
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)
Capital and reserves
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
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ACED PORTFOLIO LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At valuation 
At 1 November 2023
290,800 
Revaluations
33,978 
At 31 October 2024
324,778 
Depreciation
At 31 October 2024
- 
Net book value
At 31 October 2024
324,778 
At 31 October 2023
290,800 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
264,509 
216,226 
Loans from directors
117,777 
117,777 
382,286 
334,003 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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