Acemart London Ltd - Filleted accounts

Registered number

11308805

Acemart London Ltd

Filleted Accounts

30 April 2025

Acemart London Ltd
Registered number:		11308805
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,066,314			1,069,838

Current assets
Debtors	4	6,838			1,645
Cash at bank and in hand		55,754			29,333
		62,592			30,978

Creditors: amounts falling due within one year	5	(48,732)			(61,737)

Net current assets/(liabilities)			13,860			(30,759)

Net assets			1,080,174			1,039,079

Capital and reserves
Called up share capital			200			200
Profit and loss account			1,079,974			1,038,879

Shareholders' funds			1,080,174			1,039,079

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Christopher Fotouhi
Director
Approved by the board on 6 January 2026

Acemart London Ltd
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.The Business is now operating as an investment company and rental income is therefore shown under turnover rather than other income.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant, machinery and fixtures	25%		Reducing balance
	Freehold Property	Nil

	Investment property is included in the balance sheet at open market value at the balance sheet date on the basis of an annual valuation by the director. Aggregate surplus of deficits on valuation are transferred to a revaluation reserve. Impairment in value of properties to below their carrying values are charged directly to the profit and loss account. Although this policy is in accordance with applicable accounting standard, but it is departure from requirement of the companies act 2006 for all tangible assets to be depreciated. This accounting policy is necessary for the accounts to give true and fair view
	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 May 2024	1,055,740		41,720		1,097,460
	At 30 April 2025	1,055,740		41,720		1,097,460

	Depreciation
	At 1 May 2024	-		27,622		27,622
	Charge for the year	-		3,524		3,524
	At 30 April 2025	-		31,146		31,146

	Net book value
	At 30 April 2025	1,055,740		10,574		1,066,314
	At 30 April 2024	1,055,740		14,098		1,069,838

	The property is shown at the market value and at balance sheet date cost and market value is
	same as per directors valuation.

4	Debtors			2025		2024
£					£
	Trade debtors			-		10
	Other debtors			6,838		1,635
				6,838		1,645

5	Creditors: amounts falling due within one year			2025		2024
£					£

	Accruals			1,225		1,589
	1st Director's Account			3,974		3,396
	2nd Director's Account			3,500		3,000

	Taxation and social security costs			11,758		1,591
	Director's Loan 2			-		24,400
	Shareholders account			3,575		3,060
	Other creditors			24,700		24,701
				48,732		61,737


6	Capital commitments			2025		2024
£					£

	Amounts contracted for but not provided in the accounts			545,000		-


7	Contingent liabilities

	The directors confirm that there were no contingent liabilities that needs to be disclosed.

8	Related party transactions

	The director's loan account balance at the year end is nil (2024 £24,400). The 1st director curent account balance at the year end was £3,974 (2024 £3,396) and the 2nd direcor £3,500 (2024 £3,000) while the 3rd director account balance is £1,788 (2023 £1,530) these account have always remained in credit. Account for the 4th shareholder is also in credit by £1,788 (2023 £1,530). During the year a total of £1,515 (2024: £1,515) dividend has been paid of to the shareholders.

9	Other information

	Acemart London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	29-31 Stafford Road
	Croydon
	London
	CR0 4NG