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Registered number: 11477151 ACE BUY-TO-LET LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
ACE BUY-TO-LET LTD REGISTERED NUMBER: 11477151 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024 (As restated)
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 79,217 |  | 79,217
|  |  | 79,217 |  | 79,217
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 271 |  | 267 |
Cash at bank and in hand |  | 943 |  | 711 |
|  | 1,214 |  | 978 |
Creditors: amounts falling due within one year | 6 | (28,506) |  | (27,115) |
Net current liabilities |  |  | (27,292) |  | (26,137)
Total assets less current liabilities |  |  | 51,925 |  | 53,080
Creditors: amounts falling due after more than one year | 7 |  | (31,935) |  | (33,878)
Net assets |  |  | 19,990 |  | 19,202
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 19,890 |  | 19,102
|  |  | 19,990 |  | 19,202
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ACE BUY-TO-LET LTD REGISTERED NUMBER: 11477151 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 January 2026.
J P Ace
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
ACE BUY-TO-LET LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | GENERAL INFORMATION
Ace Buy-To-Let Ltd is a private company, limited by shares, registered in England and Wales. The company's registered office address is: MHA House Charter Court Phoenix Way Swansea Enterprise Park Swansea SA7 9FS The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | GOING CONCERN
The directors have assessed the balance sheet and likely future cash flows of the company at the date of approving the financial statements and believe that the company is well placed to manage its business risks successfully, despite the current uncertain economic outlook. The directors have indicated their willingness to continue to provide support where required. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. Page 3
ACE BUY-TO-LET LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.3 | REVENUE
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | BORROWING COSTS
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | TAXATION
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 4
ACE BUY-TO-LET LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.6 | INVESTMENT PROPERTY
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.7 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.8 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.10 | Financial instruments
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Page 5
ACE BUY-TO-LET LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.11 | Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods. The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. Impairment of assets Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement. Provisions and contingencies Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the year was 0 (2024 - 0).
4. | INVESTMENT PROPERTY
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2025 | 79,217
| At 31 December 2025 | 79,217
The 2025 valuations were made by the directors, on an open market value basis.
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ACE BUY-TO-LET LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Prepayments and accrued income | 271 | 267
|  | 271 | 267
6. | CREDITORS: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 2,572 | 3,199
| Corporation tax | 4,717 | 4,924
| Other creditors | 18,517 | 15,452
| Accruals and deferred income | 2,700 | 3,540
|  | 28,506 | 27,115
7. | CREDITORS: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 31,935 | 33,878
|  | 31,935 | 33,878
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 34,507 | 37,077
|  | 34,507 | 37,077
| Details of security provided:
Other loans are secured against the company's investment property. Page 7
ACE BUY-TO-LET LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
|  | 2025 | 2024
|  | £ | £
| Other loans - 1 - 2 years | 5,144 | 6,397
| Other loans - 2 - 5 years | 7,716 | 9,596
| Other loans more than 5 years instalments | 19,075 | 17,885
| Amounts falling due in more than five years:
|  | 2025 | 2024
|  | £ | £
| Repayable by installments |  |
| Other loans more than 5 years instalments | 19,075 | 17,885
|  | 19,075 | 17,885
8. | Related party disclosures
Included in creditors is a loan of £18,517 (2024 - £15,452) from the directors. The loan is unsecured, interest free and is repayable on demand.
9. | PRIOR YEAR ADJUSTMENT
During the year, a material error was identified in the financial statements for the year ended 31 December 2022. The profit and loss on disposal of a property in 2022 was not correctly recognised. The effect of this correction is a restatement of the comparative figures presented in these financial statements. The impact on affected financial statements line items is as follows: I mpact on the Statement of Financial Position as at 31 December 2022 (as restated): Loans falling due after more than one year: £42,334 Decrease Corporation tax: £4,532 Increase Retained Earnings: £37,802 Increase Impact on the Statement of Comprehensive Income for the year ended 31 December 2022 (as restated): Corporation tax charge: £4,532 Increase Profit for the Financial Year: £37,802 Increase The opening balance of retained earnings as at 1 January 2024 has been restated to reflect the cumulative effect of the error from prior periods. The comparative columns in the financial statements have been marked "As restated" to indicated this change.
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