ACCOUNTS - Final Accounts preparation

Company registration number: 04927778

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MAY 2025

	A.C. ESTATES LIMITED


A.C. ESTATES LIMITED

COMPANY INFORMATION

Directors	J R Walters
	J P Walters
	J M Walters


Company secretary	J P Walters


Registered number	04927778


Registered office	4 Hunting Gate
	Hitchin
	SG4 0TJ


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


A.C. ESTATES LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 7


A.C. ESTATES LIMITED REGISTERED NUMBER:04927778

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible fixed assets			4,469		5,451
Investment property	5		410,000		410,000
			414,469		415,451
Current assets
Debtors: amounts falling due within one year	6	13,934		11,802
Cash at bank and in hand		60,149		93,535
		74,083		105,337
Creditors: amounts falling due within one year	7	(175,874)		(202,327)
Net current liabilities			(101,791)		(96,990)
Total assets less current liabilities			312,678		318,461
Provisions for liabilities
Deferred tax		(38,363)		(38,869)
			(38,363)		(38,869)
Net assets			274,315		279,592

Capital and reserves
Called up share capital	10	10
Investment property fair value	158,161	158,161
Profit and loss account	116,144	121,421
	274,315	279,592

Page 1


A.C. ESTATES LIMITED REGISTERED NUMBER:04927778

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MAY 2025

The directors consider 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 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.

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.

The Company has opted not to file the profit and loss account 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 by:

___________________________

J P Walters

Director

Date: 13 November 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


A.C. ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

A C Estates Ltd is a private company limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue represents the total value of rents receivable from the letting of investment properties throughout the course of the year.
Revenue is recognised as rents become due for payment to the company.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


A.C. ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

18%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

Page 4


A.C. ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 June 2024	21,839
	At 31 May 2025	21,839
	Depreciation
	At 1 June 2024	16,388
	Charge for the year on owned assets	982
	At 31 May 2025	17,370
	Net book value
	At 31 May 2025	4,469
	At 31 May 2024	5,451

Page 5


A.C. ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

5.	Investment property

		Investment property
		£
	Valuation
	At 1 June 2024	410,000
	At 31 May 2025	410,000

	Comprising
	Cost	210,010

		239,990
	2018	(40,000)
	At 31 May 2025	410,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Debtors

					2025	2024
					£	£


Trade debtors	-	(420)
Other debtors	1,509	1,439
Prepayments and accrued income	12,425	8,965
Tax recoverable	-	1,818
	13,934	11,802

Page 6


A.C. ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	88	99
Other taxation and social security	1,678	1,721
Other creditors	171,056	199,210
Accruals and deferred income	3,052	1,297
	175,874	202,327

The following liabilities were secured:
	2025	2024
	£	£


Other creditors	65,879	80,000
	65,879	80,000

Details of security provided:

The amount payable to the small self administered pension scheme ("SSAS"), shown within other creditors, is secured against against the investment property of the company.

8.	Related party transactions
	At the reporting date the company owed £75,123 (2024: £92,331) to the directors. The balance can be found within creditors due within one year and no interest is being charged on this loan. At the reporting date the company owed £65,879 (2024: £80,000) to an SSAS, of which a company director and controlling party is a beneficiary. The balance can be found within creditors due within one year.

Page 7