ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Company Registration Number:
09715955 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 6,983 4,144
Investments: 4 1,532,842 1,478,442
Total fixed assets: 1,539,825 1,482,586
Current assets
Debtors: 5 11,985 13,219
Cash at bank and in hand: 127,609 305,639
Total current assets: 139,594 318,858
Creditors: amounts falling due within one year: 6 (342,612) (475,159)
Net current assets (liabilities): (203,018) (156,301)
Total assets less current liabilities: 1,336,807 1,326,285
Creditors: amounts falling due after more than one year: 7 (974,426) (974,426)
Total net assets (liabilities): 362,381 351,859
Capital and reserves
Called up share capital: 1 1
Revaluation reserve:8296,750296,750
Profit and loss account: 65,630 55,108
Shareholders funds: 362,381 351,859

The notes form part of these financial statements

ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 August 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 May 2025
and signed on behalf of the board by:

Name: B J Mchugh
Status: Director

The notes form part of these financial statements

ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 13,199
Additions 4,072
At 31 August 2024 17,271
Depreciation
At 01 September 2023 9,055
Charge for year 1,233
At 31 August 2024 10,288
Net book value
At 31 August 2024 6,983
At 31 August 2023 4,144

ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Fixed investments

Properties held long term to generate rental income.

ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 11,985 13,219

ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

Creditors include HMRC and mortgages due on properties.

ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Creditors: amounts falling due after more than one year note

Mortgages due after more than one year.

ACRES ESTATES PROPERTY & LETTINGS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

8. Revaluation reserve

2024
£
Balance at 01 September 2023 296,750
Surplus or deficit after revaluation 0
Balance at 31 August 2024 296,750