Acme Properties (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05868009

Financial Statements for the Year Ended 31 July 2025

for

Acme Properties (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L S Gonnage Livera

Mr K W B K Gunawansa

Dr D N K Wanniarachchi

REGISTERED OFFICE:

25 Tudor Road

Harrow

HA3 5PQ

REGISTERED NUMBER:

05868009

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Investment property

4

5,061,000

5,084,000

CURRENT ASSETS

Debtors

5

22,109

15,245

Cash at bank

424,339

355,515

446,448

370,760

CREDITORS

Amounts falling due within one year

6

4,321,615

4,328,763

NET CURRENT LIABILITIES

(3,875,167

)

(3,958,003

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,185,833

1,125,997

PROVISIONS FOR LIABILITIES

85,532

91,282

NET ASSETS

1,100,301

1,034,715

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,100,201

1,034,615

1,100,301

1,034,715

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

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

The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

Dr D N K Wanniarachchi - Director

1.	STATUTORY INFORMATION

Acme Properties (UK) Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover represents rents receivable relating to the year.

Investment property

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.

Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities

(effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all

tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot separately be identified or quantified.

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 3 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

5,084,000

Impairments

(23,000

)

At 31 July 2025

5,061,000

NET BOOK VALUE

At 31 July 2025

5,061,000

At 31 July 2024

5,084,000

The investment properties have been stated at directors' valuation. The total historical costs of the properties is £4,361,532.

Fair value at 31 July 2025 is represented by:

£

Valuation in 2025

699,468

Cost

4,361,532

5,061,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade debtors

16,054

3,384

Other debtors

6,055

11,861

22,109

15,245

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Bank loans and overdrafts (see note 7)

121,400

Trade creditors

10,413

21,819

Taxation and social security

16,472

12,214

Other creditors

4,173,330

4,321,615

4,328,763

7.

LOANS

An analysis of the maturity of loans is given below:

31.7.25

31.7.24

£

Amounts falling due within one year or on demand:

Bank loans

121,400

8.	RELATED PARTY DISCLOSURES

The amount due to the director Dr D N K Wannniararchchi at the Balance sheet date was £4,092,941

(2023: £4,092,941).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr D N K Wanniarachchi.