REGISTERED NUMBER: SC336681 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

ACF PROPERTIES LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,049,494

416,277

CURRENT ASSETS

Debtors

64,049

35,103

Cash at bank

85,352

3,225

149,401

38,328

CREDITORS

Amounts falling due within one year

468,090

88,241

NET CURRENT LIABILITIES

(318,689

)

(49,913

)

TOTAL ASSETS LESS CURRENT LIABILITIES

730,805

366,364

CREDITORS

Amounts falling due after more than one year

(572,819

)

(169,467

)

PROVISIONS FOR LIABILITIES

(19,032

)

(19,032

)

NET ASSETS

138,954

177,865

CAPITAL AND RESERVES

Called up share capital

2

1

Fair value reserve

6

100,000

100,000

Retained earnings

38,952

77,864

SHAREHOLDERS' FUNDS

138,954

177,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 October 2025 and were signed by:

A C Forbes - Director

1.	STATUTORY INFORMATION

ACF Properties Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC336681

Registered office:

Unit 5 Commercial Centre

Stirling Enterprise Park

Stirling

FK7 7BF

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.

Turnover and revenue recognition

Turnover represents rental income. Revenue is recognised when services are provided to the customer.

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

-

25% on reducing balance

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their

settlement value.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

420,178

Additions

641,226

At 31 January 2025

1,061,404

DEPRECIATION

At 1 February 2024

3,901

Charge for year

8,009

At 31 January 2025

11,910

NET BOOK VALUE

At 31 January 2025

1,049,494

At 31 January 2024

416,277

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Mortgage

376,719

70,662

The mortgages are secured over the relevant properties.

6.

RESERVES

Fair

value

reserve

£

At 1 February 2024

and 31 January 2025

100,000

7.	RELATED PARTY DISCLOSURES

ACF Cleaning Ltd

A company in which A C Forbes is a Director and shareholder.

Amount due to ACF Cleaning Ltd at the balance sheet date: £352,462.54 (2024: (£32,837.96))

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A C Forbes.