Company registration number 04166391 (England and Wales)
ACEPORT PROPERTY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
ACEPORT PROPERTY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ACEPORT PROPERTY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
16
20
Investment properties
5
638,219
585,000
638,235
585,020
Current assets
Stocks
269,478
269,478
Debtors
6
91,026
157,602
Cash at bank and in hand
72,343
27,883
432,847
454,963
Creditors: amounts falling due within one year
7
(840,602)
(858,008)
Net current liabilities
(407,755)
(403,045)
Total assets less current liabilities
230,480
181,975
Capital and reserves
Called up share capital
1,000
1,000
Revaluation reserve
12,161
41,721
Profit and loss reserves
217,319
139,254
Total equity
230,480
181,975

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 2 August 2026 and are signed on its behalf by:
Mr R J Ball
Director
Company Registration No. 04166391
ACEPORT PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Aceport Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is Stag Gates House, 63/64 The Avenue, Southampton, Hampshire, SO17 1XS.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services, rental income and income for the sale of land. All income is stated net of VAT. Revenue is recognised in the period to which it relates or when the ownership of land is transferred.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets include investment properties valued on an existing use open market value basis. Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ACEPORT PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

ACEPORT PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
4
4
ACEPORT PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025 and 31 March 2026
6,019
Depreciation and impairment
At 1 April 2025
5,999
Depreciation charged in the year
4
At 31 March 2026
6,003
Carrying amount
At 31 March 2026
16
At 31 March 2025
20
5
Investment property
2026
£
Fair value
At 1 April 2025
585,000
Additions
203,219
Disposals
(150,000)
At 31 March 2026
638,219

The fair value of investment property has been arrived at on the basis of a valuation carried out at 31 March 2026 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
90,347
148,886
Prepayments and accrued income
679
8,716
91,026
157,602
ACEPORT PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
7
Creditors: amounts falling due within one year
2026
2025
£
£
Other borrowings
110,000
110,000
Trade creditors
4,234
12,205
Taxation and social security
1,223
1,054
Other creditors
721,415
727,716
Accruals and deferred income
3,730
7,033
840,602
858,008
2026-03-31 2025-04-01 false false false 02 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr R J Ball Miss R M Ball Mr T R Ball N T Ball Miss R M Ball 2026-08-02 04166391 2025-04-01 2026-03-31 04166391 2026-03-31 04166391 2025-03-31 04166391 core:OtherPropertyPlantEquipment 2026-03-31 04166391 core:OtherPropertyPlantEquipment 2025-03-31 04166391 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 04166391 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04166391 core:ShareCapital 2026-03-31 04166391 core:ShareCapital 2025-03-31 04166391 core:RevaluationReserve 2026-03-31 04166391 core:RevaluationReserve 2025-03-31 04166391 core:RetainedEarningsAccumulatedLosses 2026-03-31 04166391 core:RetainedEarningsAccumulatedLosses 2025-03-31 04166391 bus:Director1 2025-04-01 2026-03-31 04166391 core:FurnitureFittings 2025-04-01 2026-03-31 04166391 core:MotorVehicles 2025-04-01 2026-03-31 04166391 2024-04-01 2025-03-31 04166391 core:OtherPropertyPlantEquipment 2025-03-31 04166391 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 04166391 2025-03-31 04166391 core:CurrentFinancialInstruments 2026-03-31 04166391 core:CurrentFinancialInstruments 2025-03-31 04166391 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04166391 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04166391 bus:FRS102 2025-04-01 2026-03-31 04166391 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 04166391 bus:Director2 2025-04-01 2026-03-31 04166391 bus:Director3 2025-04-01 2026-03-31 04166391 bus:Director4 2025-04-01 2026-03-31 04166391 bus:CompanySecretary1 2025-04-01 2026-03-31 04166391 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP