Ace Fire Properties Limited

Ace Fire Properties Limited
Director's Report
For the year ended 31 July 2025

Director's report and financial statements

The director presents their annual report and the financial statements for the year ended 31 July 2025

Principal activities

The principal activity of the company in the year under review was that of property management.

Director

The directors who have held office during the year were as follows:
Mr J Redfearn
Mr P Gonsalves (Resigned 31/01/2025)

Statement of director's responsibilities

The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.

----------------------------------
Mr M J Redfearn
Director

Date approved: 24 April 2026

Ace Fire Properties Limited
Balance Sheet
As at 31 July 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	188	250
Investments	4	1,130,168	1,180,168
		1,130,356	1,180,418
Current assets
Debtors	5	1,104	283
Cash at bank and in hand		87,115	77,983
		88,219	78,266
Creditors: amount falling due within one year	6	(245,635)	(306,708)
Net current assets		(157,416)	(228,442)

Total assets less current liabilities		972,940	951,976
Provisions for liabilities	7	(114,694)	(112,388)
Net assets		858,246	839,588

Capital and reserves
Called up share capital		140,000	140,000
Profit and loss account		718,246	699,588
Shareholders' funds		858,246	839,588

For the year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 24 April 2026 and were signed by:

-------------------------------
Mr M J Redfearn
Director

Ace Fire Properties Limited
Notes to the Financial Statements
For the year ended 31 July 2025

General Information

Ace Fire Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 04374206, registration address Unit 1 Wixenford Industrial Estate, Colesdown Hill, Plymouth, Devon, PL9 8AA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

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 taxation

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.

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% Reducing Balance

Investment properties

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.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 August 2024	10,838	10,838
Additions	-	-
Disposals	-	-
At 31 July 2025	10,838	10,838
Depreciation
At 01 August 2024	10,588	10,588
Charge for year	62	62
On disposals	-	-
At 31 July 2025	10,650	10,650
Net book values
Closing balance as at 31 July 2025	188	188
Opening balance as at 01 August 2024	250	250

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 August 2024	1,180,168	1,180,168
Additions	-	-
Disposals	(50,000)	(50,000)
At 31 July 2025	1,130,168	1,130,168

Investment properties have been valued as at 31 July 2025 on the basis of their open market value with vacant possession, by the director M J Redfearn.

If all the properties were sold at this value, then the estimated tax liability would be £114,659.

Fair value at 31 July 2025 is represented by:		Current £
Valuation in 2003		106,197
Valuation in 2004		58,823
Valuation in 2009		144,698
Valuation in 2017		44,541
Valuation in 2019		(2,159)
Valuation in 2023		239,168
Valuation in 2025		12,200
Cost		526,700
		1,130,168

Debtors: amounts falling due within one year

	2025 £		2024 £
Other Debtors	1,104		283
	1,104		283

Creditors: amount falling due within one year

	2025 £	2024 £
Taxation and Social Security	6,375	7,965
Other Creditors	239,260	298,743
	245,635	306,708

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	114,694		112,388
	114,694		112,388

8.	Related parties At the year end the company owed £193,358 to Ace Fire Equipment (UK) Limited (2024: £255,558) a company in which M J Redfearn is a director. The company also owed £30,000 to Ace Fire Alarms Ltd (2024: £30,000) a company in which M J Redfearn is a director.

9.	Reserves The retained earnings include a non-distributable amount of £603,468 from revaluation adjustments under FRS 102.

10.	Controlling Party The company is under the control of its directors.

Registered Number: 04374206
England and Wales
Unaudited Financial Statements

for the year ended 31 July 2025
for
ACE FIRE PROPERTIES LIMITED