Caseware UK (AP4) 2025.0.111 2025.0.111 2025-05-17 2025-05-17 Construction of domestic building false false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-05-18 true false 1 1 10927968 2024-05-18 2025-05-17 10927968 2023-05-18 2024-05-17 10927968 2025-05-17 10927968 2024-05-17 10927968 1 2024-05-18 2025-05-17 10927968 d:Director1 2024-05-18 2025-05-17 10927968 c:FreeholdInvestmentProperty 2024-05-18 2025-05-17 10927968 c:FreeholdInvestmentProperty 2025-05-17 10927968 c:CurrentFinancialInstruments 2025-05-17 10927968 c:CurrentFinancialInstruments 2024-05-17 10927968 c:Non-currentFinancialInstruments 2025-05-17 10927968 c:Non-currentFinancialInstruments 2024-05-17 10927968 c:CurrentFinancialInstruments c:WithinOneYear 2025-05-17 10927968 c:CurrentFinancialInstruments c:WithinOneYear 2024-05-17 10927968 c:Non-currentFinancialInstruments c:AfterOneYear 2025-05-17 10927968 c:Non-currentFinancialInstruments c:AfterOneYear 2024-05-17 10927968 c:ShareCapital 2025-05-17 10927968 c:ShareCapital 2024-05-17 10927968 c:RetainedEarningsAccumulatedLosses 2025-05-17 10927968 c:RetainedEarningsAccumulatedLosses 2024-05-17 10927968 d:OrdinaryShareClass1 2024-05-18 2025-05-17 10927968 d:OrdinaryShareClass1 2025-05-17 10927968 d:FRS102 2024-05-18 2025-05-17 10927968 d:AuditExempt-NoAccountantsReport 2024-05-18 2025-05-17 10927968 d:FullAccounts 2024-05-18 2025-05-17 10927968 d:PrivateLimitedCompanyLtd 2024-05-18 2025-05-17 10927968 e:PoundSterling 2024-05-18 2025-05-17 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10927968 ACRE CONSTRUCTION LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 17 MAY 2025
ACRE CONSTRUCTION LTD
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 6
ACRE CONSTRUCTION LTD REGISTERED NUMBER:10927968
STATEMENT OF FINANCIAL POSITION AS AT 17 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 2,700,000 |  | -
Current assets |  |  |  |  |
Stocks |  | - |  | 2,311,800 |
Cash at bank and in hand |  | - |  | 9 |
|  | - |  | 2,311,809 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 5 | (985,253) |  | (769,378) |
Net current (liabilities)/assets |  |  | (985,253) |  | 1,542,431
Total assets less current liabilities |  |  | 1,714,747 |  | 1,542,431
Creditors: amounts falling due after more than one year | 6 |  | (1,980,614) |  | (1,666,062)
Net liabilities |  |  | (265,867) |  | (123,631)
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 100 |  | 100
Profit and loss account |  |  | (265,967) |  | (123,731)
|  |  | (265,867) |  | (123,631)
The director considers 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 director acknowledges his 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. Page 1
ACRE CONSTRUCTION LTD REGISTERED NUMBER:10927968
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 17 MAY 2025 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 22 June 2026.
P C Titterrell
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
ACRE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 17 MAY 2025
1. | General information
Acre Construction Ltd is a private limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 3JD. The principal activity of the Company changed during the year from property development and contract work to the holding and letting of investment property. The functional and presentational currency of the Company is £ sterling. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, except that investment property is carried at fair value in accordance with the accounting policy set out in Note 2.3. The financial statements are prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the requirements of 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 financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 financial statements have been prepared on the going concern basis. At the Statement of Financial Position date the Company had net liabilities of £265,867 (2024 - £123,631), with total bank borrowings of £1,948,934 secured on investment property value at £2,700,000. The director has considered the going concern position and is satisfied that the Company has sufficient resources to continue in operation for the foreseeable future. In reaching this conclusion the director has had regard to the current value of the investment property of £2,700,000 and the status of the Company's current bank facilities and support from a connected company under his control. The current director has confirmed his intention not to seek repayment of amounts owed to him and to a connected company in the short term, as described in Note 9. Subsequent to the year end the Company commenced letting the investment property at open market value, as described in the post balance sheet events note. Rental income is expected to broadly cover ongoing interest costs, supporting the director's assessment that the going concern basis remains appropriate. On this basis the director considers the going concern basis of preparation to be appropriate. The financial statements do not include any adjustments that would result from a failure of the going concern assumption. Page 3
ACRE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 17 MAY 2025 2.Accounting policies (continued)
| 2.3 | Investment property
Investment property is carried at fair value determined annually by the director 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.
| 2.4 | Finance costs
Finance costs are recognised in profit or loss in the period in which they are incurred.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | 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.
| 2.7 | Creditors
Short term creditors are measured at the transaction price.
3. | Employees
| The director was the only employee of the Company during the current and preceding period.
Page 4
ACRE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 17 MAY 2025
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| Appropriated from stock | 2,700,000
| At 17 May 2025 | 2,700,000
| During the year the development property was appropriated from trading stocks to investment property following a decision to hold the property for rental income. The transfer was made at the carrying value of stocks of £2,311,800. The property was valued by the director at £2,700,000 at the date of appropriation, giving rise to a profit on appropriation of £388,200 recognised in the income statement. The cost of improvement works included within the carrying value of £2,311,800 was determined by reference to representations provided by the previous director, as described in the accountants report. Primary records were not available and independent verification was not possible.
The 2025 valuations were made by the director, on an open market value for existing use basis.
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 7,443 | 7,443
| Trade creditors | - | 1,348
| Other taxation and social security | 181,846 | 181,677
| Other creditors | 715,315 | 550,850
| Accruals and deferred income | 80,649 | 28,060
|  | 985,253 | 769,378
| Bank loans are secured by fixed and floating charges over the assets of the Company.
Page 5
ACRE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 17 MAY 2025
6. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,980,614 | 1,666,062
| Bank loans are secured by fixed and floating charges over the assets of the Company.
7. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 Ordinary shares of £1.00 each | 100 | 100
8. | Related party transactions
| Included in other creditors amounting are amounts of £550,850 (2024 - £550,850) owed to a company under the ownership of the current director and £164,465 (2024 - £nil) owed to the current director personally. These balances are unsecured, interest free and repayable on demand. The current director has confirmed his intention not to seek repayment of these balances in the short term. Subsequent to the year end, the Company entered into a letting arrangement with the current director, in respect of the investment property. The rent has been agreed at open market value. Rental income receivable under this arrangement is expected to broadly cover the Company's ongoing interest costs
9. | Subsequent events
Subsequent to the year end, the Company commenced letting the investment property to the current director and shareholder of the Company, at an open market rent. Rental income is expected to broadly cover the Company's ongoing interest costs. This arrangement is disclosed further in the related party transactions note. Subsequent to the year end, the Company partially refinanced bank borrowings of £1,650,000 in September 2025. A residual balance of approximately £700,000 remains outstanding under the original facility, inclusive of accrued interest. That balance is subject to a personal guarantee provided by D Campbell, the former director.
Page 6