Acton Grange Properties Limited - Accounts to registrar (filleted) - small 18.2
Acton Grange Properties Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2022 |
| FOR |
| ACTON GRANGE PROPERTIES LIMITED |
| ACTON GRANGE PROPERTIES LIMITED (REGISTERED NUMBER: 02192029) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ACTON GRANGE PROPERTIES LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 March 2022 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1110 Elliott Court |
| Herald Avenue |
| Coventry Business Park |
| Coventry |
| West Midlands |
| CV5 6UB |
| ACTON GRANGE PROPERTIES LIMITED (REGISTERED NUMBER: 02192029) |
| BALANCE SHEET |
| 31 March 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| ACTON GRANGE PROPERTIES LIMITED (REGISTERED NUMBER: 02192029) |
| BALANCE SHEET - continued |
| 31 March 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| ACTON GRANGE PROPERTIES LIMITED (REGISTERED NUMBER: 02192029) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2022 |
| 1. | STATUTORY INFORMATION |
| Acton Grange Properties Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Investment properties |
| In accordance with Sections 5.14 to 5.18 of the Financial Reporting Standard for Smaller Entities, investment properties are included in the balance sheet at their open market value. Any surplus or deficit arising on revaluation is taken to the investment revaluation reserve. Any deficit arising in excess of the revaluation reserve is taken to the profit and loss account. |
| Foreign currencies |
| All foreign currency assets and liabilities of the company are translated into sterling at the rate ruling at the balance sheet date. Any exchange differences arising are dealt with through the profit and loss account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2021 - NIL). |
| ACTON GRANGE PROPERTIES LIMITED (REGISTERED NUMBER: 02192029) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2022 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 April 2021 |
| and 31 March 2022 |
| DEPRECIATION |
| At 1 April 2021 |
| and 31 March 2022 |
| NET BOOK VALUE |
| At 31 March 2022 |
| At 31 March 2021 |
| 5. | FIXED ASSET INVESTMENTS |
| Interest |
| in | Other |
| associate | investments | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2021 |
| and 31 March 2022 | 508,264 |
| NET BOOK VALUE |
| At 31 March 2022 | 508,264 |
| At 31 March 2021 | 508,264 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2021 |
| and 31 March 2022 |
| NET BOOK VALUE |
| At 31 March 2022 |
| At 31 March 2021 |
| Fair value at 31 March 2022 is represented by: |
| £ |
| Valuation in 2017 | 543,178 |
| Valuation in 2020 | 213,000 |
| Valuation in 2021 | 250,000 |
| Cost | 443,822 |
| 1,450,000 |
| ACTON GRANGE PROPERTIES LIMITED (REGISTERED NUMBER: 02192029) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2022 |
| 6. | INVESTMENT PROPERTY - continued |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2022 | 2021 |
| £ | £ |
| Cost | 443,822 | 443,822 |
| Investment properties were valued on an open market basis basis on 31 March 2021 by the directors. . |
| 7. | DEBTORS |
| 2022 | 2021 |
| £ | £ |
| Amounts falling due within one year: |
| Other debtors |
| Directors' current accounts | 63,592 | 63,592 |
| Tax |
| Amounts falling due after more than one year: |
| Amounts owed by subsidiary |
| undertakings | 750,000 | 750,000 |
| Aggregate amounts |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Other creditors |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2022 | 2021 |
| £ | £ |
| Bank loans |
| ACTON GRANGE PROPERTIES LIMITED (REGISTERED NUMBER: 02192029) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2022 |
| 11. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2021 |
| and 31 March 2022 |