ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-04-302021-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2020-05-01falseBuying and selling of own real estate. Other letting and operating of own or leased real estate22falsetrue 11969738 2020-05-01 2021-04-30 11969738 2019-05-01 2020-04-30 11969738 2021-04-30 11969738 2020-04-30 11969738 c:Director1 2020-05-01 2021-04-30 11969738 d:Buildings 2021-04-30 11969738 d:Buildings 2020-04-30 11969738 d:LandBuildings 2021-04-30 11969738 d:LandBuildings 2020-04-30 11969738 d:CurrentFinancialInstruments 2021-04-30 11969738 d:CurrentFinancialInstruments 2020-04-30 11969738 d:Non-currentFinancialInstruments 2021-04-30 11969738 d:Non-currentFinancialInstruments 2020-04-30 11969738 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 11969738 d:CurrentFinancialInstruments d:WithinOneYear 2020-04-30 11969738 d:Non-currentFinancialInstruments d:AfterOneYear 2021-04-30 11969738 d:Non-currentFinancialInstruments d:AfterOneYear 2020-04-30 11969738 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-04-30 11969738 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-04-30 11969738 d:ShareCapital 2021-04-30 11969738 d:ShareCapital 2020-04-30 11969738 d:RetainedEarningsAccumulatedLosses 2021-04-30 11969738 d:RetainedEarningsAccumulatedLosses 2020-04-30 11969738 c:FRS102 2020-05-01 2021-04-30 11969738 c:AuditExempt-NoAccountantsReport 2020-05-01 2021-04-30 11969738 c:FullAccounts 2020-05-01 2021-04-30 11969738 c:PrivateLimitedCompanyLtd 2020-05-01 2021-04-30 iso4217:GBP xbrli:pure

Registered number: 11969738

A&C FLATS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2021

A&C FLATS LIMITED

REGISTERED NUMBER: 11969738

BALANCE SHEET

AS AT 30 APRIL 2021

		2021		2020
Note		£		£

Fixed assets
Tangible assets	4		669,000		669,000
			669,000		669,000
Current assets
Debtors: amounts falling due within one year	5	-		671
Cash at bank and in hand	6	18,218		7,187
		18,218		7,858
Creditors: amounts falling due within one year	7	(226,928)		(226,524)
Net current liabilities			(208,710)		(218,666)
Total assets less current liabilities			460,290		450,334
Creditors: amounts falling due after more than one year	8		(461,800)		(461,800)

Net liabilities			(1,510)		(11,466)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(1,610)	(11,566)
	(1,510)	(11,466)

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A&C FLATS LIMITED

REGISTERED NUMBER: 11969738

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2021

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 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 by:

Adam Lipman

Director

Date: 28 November 2022

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

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A&C FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

1.	General information

A&C Flats Limited is a private company, limted by shares, incorporated in England and Wales, registered number 11969738. The registered office is 64 New Cavendish Street, London, W1G 8TB

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

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A&C FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

4.	Tangible fixed assets

		Freehold property
		£
	Cost or valuation
	At 1 May 2020	669,000
	At 30 April 2021	669,000

	Net book value
	At 30 April 2021	669,000
	At 30 April 2020	669,000

The net book value of land and buildings may be further analysed as follows:
	2021	2020
	£	£

Freehold	669,000	669,000
	669,000	669,000

Debtors

					2021	2020
					£	£


Trade debtors	-	18
Prepayments and accrued income	-	653
	-	671

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A&C FLATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

6.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	18,218	7,187
	18,218	7,187

7.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Other creditors	226,028	225,624
Accruals and deferred income	900	900
	226,928	226,524

8.	Creditors: Amounts falling due after more than one year
		2021	2020
		£	£

Bank loans	461,800	461,800
	461,800	461,800




Amounts falling due after more than 5 years
Bank loans	461,800	461,800
	461,800	461,800
	461,800	461,800

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