| ACE Trading Enterprises Limited |
| Registered number: |
07282957 |
| Balance Sheet |
| as at 30 November 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
381 |
|
|
508 |
| Investments |
4 |
|
|
650,000 |
|
|
650,000 |
|
|
|
|
650,381 |
|
|
650,508 |
|
| Current assets |
| Debtors |
5 |
|
743 |
|
|
688 |
| Cash at bank and in hand |
|
|
4,182 |
|
|
8,878 |
|
|
|
4,925 |
|
|
9,566 |
|
| Creditors: amounts falling due within one year |
6 |
|
(420,942) |
|
|
(440,471) |
|
| Net current liabilities |
|
|
|
(416,017) |
|
|
(430,905) |
|
| Total assets less current liabilities |
|
|
|
234,364 |
|
|
219,603 |
|
|
| Provisions for liabilities |
|
|
|
(14,415) |
|
|
(14,415) |
|
|
| Net assets |
|
|
|
219,949 |
|
|
205,188 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
219,849 |
|
|
205,088 |
|
| Shareholders' funds |
|
|
|
219,949 |
|
|
205,188 |
|
|
|
|
|
|
|
|
| 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 directors' report and profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A Cerasi |
| Director |
| Approved by the board on 26 May 2026 |
|
| ACE Trading Enterprises Limited |
| Notes to the Accounts |
| for the year ended 30 November 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 rendering of services and is recognised in the financial statements in the period in which the services relate. Turnover is generated through the rental of residential living space in the investment property. |
|
|
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% reducing balance |
|
|
Investments |
|
The investments relate to property held for residential rental purposes. The director considers that the revalued cost stated is equivalent to the current fair value. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax has been provided for on gains arising from the revaluation of investment property and 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. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 December 2024 |
5,321 |
|
At 30 November 2025 |
5,321 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2024 |
4,813 |
|
Charge for the year |
127 |
|
At 30 November 2025 |
4,940 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2025 |
381 |
|
At 30 November 2024 |
508 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 December 2024 |
650,000 |
|
|
At 30 November 2025 |
650,000 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
743 |
|
688 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Directors loan account |
411,000 |
|
431,000 |
|
Taxation and social security costs |
3,492 |
|
4,123 |
|
Other creditors |
6,450 |
|
5,348 |
|
|
|
|
|
|
420,942 |
|
440,471 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
ACE Trading Enterprises Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Central House |
|
124 High Street |
|
Hampton Hill |
|
Middlesex |
|
TW12 1NS |