Ace Developments (Chesterfield) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07731917

Ace Developments (Chesterfield) Limited

Filleted Unaudited Abridged Financial Statements

31 August 2025

Ace Developments (Chesterfield) Limited

Abridged Financial Statements

Year Ended 31 August 2025

Contents	Pages

Abridged statement of financial position	1 to 2

Notes to the abridged financial statements	3 to 6

Ace Developments (Chesterfield) Limited

Abridged Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	5	38,874	4,315
Investments	6	106	6
		--------	-------
		38,980	4,321

Current Assets

Stocks	–	28,356
Debtors	651,539	8,376
Cash at bank and in hand	727,292	1,033,588
	------------	------------
	1,378,831	1,070,320

Creditors: amounts falling due within one year	475,166		167,306
	------------		------------
Net Current Assets		903,665	903,014
		---------	---------
Total Assets Less Current Liabilities		942,645	907,335

Creditors: amounts falling due after more than one year		16,901	–

Provisions

Taxation including deferred tax	5,766	820
	---------	---------
Net Assets	919,978	906,515
	---------	---------

Capital and Reserves

Called up share capital	8	97	97
Other reserves		3	3
Profit and loss account		919,878	906,415
		---------	---------
Shareholders Funds		919,978	906,515
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged income statement has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Ace Developments (Chesterfield) Limited

Abridged Statement of Financial Position (continued)

31 August 2025

All of the members have consented to the preparation of the abridged income statement and the abridged statement of financial position for the year ending 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

Mr R D Whittaker	Mrs J J Whittaker
Director	Director

Company registration number: 07731917

Ace Developments (Chesterfield) Limited

Notes to the Abridged Financial Statements

Year Ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA. The business address is Unit 7, Ace business Park, Burley Close, Chesterfield, S40 2WL.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is recognised in the profit and loss account when, and to the extent that, the company obtains a right to consideration in exchange for its performance. A right to consideration is obtained when some, but not all, of its contractual obligations have been fulfilled. Where the company has partially performed its contractual obligations, it recognises revenue to the extent that it has obtained the right to consideration through its performance.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15% Reducing balance / 33.3% Straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	£
Cost
At 1 September 2024	28,310
Additions	39,550
	--------
At 31 August 2025	67,860
	--------
Depreciation
At 1 September 2024	23,995
Charge for the year	4,991
	--------
At 31 August 2025	28,986
	--------
Carrying amount
At 31 August 2025	38,874
	--------
At 31 August 2024	4,315
	--------

6. Investments

	Shares in group undertakings	Other investments	Total
	£	£	£
Cost
At 1 September 2024	–	6	6
Additions	100	–	100
	----	----	----
At 31 August 2025	100	6	106
	----	----	----
Impairment
At 1 September 2024 and 31 August 2025	–	–	–
	----	----	----

Carrying amount
At 31 August 2025	100	6	106
	----	----	----
At 31 August 2024	–	6	6
	----	----	----

Subsidiaries, associates and other investments

	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Aspire Property (Chesterfield) Limited	91-97 Saltergate	Ordinary	100
	Chesterfield
	S40 1LA

7. Secured liabilites

The aggregate amount of secured liabilities, secured on the assets of the company at the year end were £27,577 (2024: nil).

There is also a legal charge, incorporating a fixed and floating charge, over the assets of the company related to a guarantee on a loan held by a subsidiary entity, Aspire Property (Chesterfield) Limited.

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	97	97	97	97
	----	----	----	----

9. Related party transactions

The company has taken advantage of the exemption conferred by FRS102 S33.1A, removing the requirement to disclose transactions between wholly owned group members. During the year the company provided and received loans from related parties. The balances at 31 August 2025 were as follows:

	2025	2024
	£	£
Amounts owed by group undertakings	384,645	–
Amounts owed by entities under common control	256,068	–

Balances are unsecured, interest free and repayable on demand. All other transactions with these and other related parties were under normal market conditions. Details of guarantees given in respect of related undertakings are shown in the securities note to these accounts.