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REGISTERED NUMBER: 01805086 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

ACRESTATE LIMITED

ACRESTATE LIMITED (REGISTERED NUMBER: 01805086)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ACRESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: P Hough
J L Hough





SECRETARY: J L Hough





REGISTERED OFFICE: Broadfield House
18 Broadfield Road
Sheffield
S8 0XJ





REGISTERED NUMBER: 01805086 (England and Wales)





ACCOUNTANTS: Bryan Grey & Co
Broadfield House
18 Broadfield Road
Sheffield
S8 0XJ

ACRESTATE LIMITED (REGISTERED NUMBER: 01805086)

ABRIDGED BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 64
Investment property 5 430,000 420,000
430,000 420,064

CURRENT ASSETS
Debtors 175 446
Cash at bank 4,482 9,286
4,657 9,732
CREDITORS
Amounts falling due within one year 1,986 3,980
NET CURRENT ASSETS 2,671 5,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,671

425,816

CREDITORS
Amounts falling due after more than one
year

(197,211

)

(197,511

)

PROVISIONS FOR LIABILITIES (19,398 ) (18,246 )
NET ASSETS 216,062 210,059

CAPITAL AND RESERVES
Called up share capital 90 90
Revaluation reserve 6 9,007 9,007
Retained earnings 206,965 200,962
SHAREHOLDERS' FUNDS 216,062 210,059

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

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

The directors acknowledge their 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.

ACRESTATE LIMITED (REGISTERED NUMBER: 01805086)

ABRIDGED BALANCE SHEET - continued
30TH SEPTEMBER 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24th June 2025 and were signed on its behalf by:




P Hough - Director



J L Hough - Director


ACRESTATE LIMITED (REGISTERED NUMBER: 01805086)

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

1. STATUTORY INFORMATION

Acrestate Limited 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.

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.

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 - 20% on cost

Investment property
Investment properties are included in the balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023
and 30th September 2024 9,505
DEPRECIATION
At 1st October 2023 9,441
Charge for year 64
At 30th September 2024 9,505
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 64

ACRESTATE LIMITED (REGISTERED NUMBER: 01805086)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023 420,000
Additions 4,381
Revaluations 5,619
At 30th September 2024 430,000
NET BOOK VALUE
At 30th September 2024 430,000
At 30th September 2023 420,000

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2015 3,285
Valuation in 2016 5,722
Valuation in 2021 50,000
Valuation in 2022 30,000
Valuation in 2024 5,619
Cost 335,374
430,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 335,374 330,993

The investment property was valued on an open market basis on 30th September 2024 by the directors .

6. RESERVES
Revaluation
reserve
£   
At 1st October 2023
and 30th September 2024 9,007