Ac1 Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 16219855

		31 March 2026
	Notes	£	£
FIXED ASSETS
Investment Properties	4		2,805,000

			2,805,000
CURRENT ASSETS
Debtors	5	56,280
Cash at bank and in hand		6,015

		62,295
Creditors: Amounts Falling Due Within One Year	6	(141,284 )

NET CURRENT ASSETS (LIABILITIES)			(78,989 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,726,011

Creditors: Amounts Falling Due After More Than One Year	7		(2,070,300 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(199,708 )

NET ASSETS			456,003

CAPITAL AND RESERVES
Called up share capital	8		100
Revaluation reserve	9		599,125
Profit and Loss Account			(143,222 )

SHAREHOLDERS' FUNDS			456,003

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Ac1 Ltd

Balance Sheet (continued)

As At 31 March 2026

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nilesh Patel

Director

15/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ac1 Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number 16219855 . The registered office is 29 Virginia Road, Thornton Heath, Surrey, CR7 8EL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Ac1 Ltd

Notes to the Financial Statements (continued)

For the Period 30 January 2025 to 31 March 2026

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

4. Investment Property

	31 March 2026
	£
Fair Value
As at 30 January 2025	-
Additions	2,006,166
Revaluations	798,834

As at 31 March 2026	2,805,000

5. Debtors

	31 March 2026
	£
Due within one year
Other debtors	56,280

6. Creditors: Amounts Falling Due Within One Year

	31 March 2026
	£
Other creditors	141,284

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Ac1 Ltd

Notes to the Financial Statements (continued)

For the Period 30 January 2025 to 31 March 2026

7. Creditors: Amounts Falling Due After More Than One Year

	31 March 2026
	£
Bank loans	2,070,300

The bank loans are secured by a legal charge over the investment properties owned by AC1 Ltd of £2,070,300. Interest is payable on the principal amount of loan.

8. Share Capital

	31 March 2026
	£
Allotted, Called up and fully paid	100

9. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 30 January 2025	-	-
Profit for period	-	455,903

Deficit on revaluation	599,125	-

Other comprehensive income for the period	599,125	-

Total comprehensive income for the period	599,125	455,903

Transfer from revaluation reserve	-	(599,125)

As at 31 March 2026	599,125	(143,222 )

10. Related Party Transactions

Included within other creditors is an amount of £139,716 due to the ultimate parent company as at the year end.

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr Nilesh Patel .

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