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REGISTERED NUMBER: 07774037 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ACESHIRE LTD

ACESHIRE LTD (REGISTERED NUMBER: 07774037)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ACESHIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: E Noe





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 07774037 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

ACESHIRE LTD (REGISTERED NUMBER: 07774037)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 54 63
Investment property 5 1,340,373 1,237,154
1,340,427 1,237,217

CURRENT ASSETS
Debtors 6 50,000 -
Investments 7 63,791 35,078
Cash at bank 97,982 202,418
211,773 237,496
CREDITORS
Amounts falling due within one year 8 (45,513 ) (38,834 )
NET CURRENT ASSETS 166,260 198,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,506,687

1,435,879

CREDITORS
Amounts falling due after more than one
year

9

(1,266,381

)

(1,266,381

)

PROVISIONS FOR LIABILITIES (7,612 ) (7,612 )
NET ASSETS 232,694 161,886

CAPITAL AND RESERVES
Called up share capital 12 1 1
Fair value reserve 13 32,451 32,451
Retained earnings 13 200,242 129,434
SHAREHOLDERS' FUNDS 232,694 161,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ACESHIRE LTD (REGISTERED NUMBER: 07774037)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 May 2025 and were signed by:





E Noe - Director


ACESHIRE LTD (REGISTERED NUMBER: 07774037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Aceshire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ACESHIRE LTD (REGISTERED NUMBER: 07774037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 275
DEPRECIATION
At 1 October 2023 212
Charge for year 9
At 30 September 2024 221
NET BOOK VALUE
At 30 September 2024 54
At 30 September 2023 63

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,237,154
Additions 103,219
At 30 September 2024 1,340,373
NET BOOK VALUE
At 30 September 2024 1,340,373
At 30 September 2023 1,237,154

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2021 825,000
Valuation in 2022 412,154
Valuation in 2024 103,219
1,340,373

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 50,000 -

7. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Unlisted investments 63,791 35,078

ACESHIRE LTD (REGISTERED NUMBER: 07774037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax 20,430 11,872
Other creditors 23,883 25,882
Accrued expenses 1,200 1,080
45,513 38,834

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 10) 1,266,381 1,266,381

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,266,381 1,266,381

10. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,266,381 1,266,381

11. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 1,266,381 1,266,381

Long term bank loan is secured by first charge over the company's investment property.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1

ACESHIRE LTD (REGISTERED NUMBER: 07774037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2023 129,434 32,451 161,885
Profit for the year 70,808 70,808
At 30 September 2024 200,242 32,451 232,693

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E Noe.