Acrefield Limited - Accounts to registrar (filleted)

ACREFIELD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

R K Fitzgerald

P J Lockhart Smith

SECRETARY:

P J Lockhart Smith

REGISTERED OFFICE:

The Dower House

Farm Street

Tintinhull

Yeovil

Somerset

BA22 8PZ

REGISTERED NUMBER:

03158535 (England and Wales)

ACCOUNTANTS:

JRW

Chartered Accountants

19 Buccleuch Street

Hawick

Roxburghshire

TD9 0HL

BANKERS:

Coutts & Co

440 Strand

London

WC2R 0QS

FIXED ASSETS

Investments

4

1,000

CURRENT ASSETS

Debtors

5

1,262,482

Cash at bank

530

890

1,263,012

1,263,372

CREDITORS

Amounts falling due within one year

6

180

NET CURRENT ASSETS

1,262,832

1,263,192

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,263,832

1,264,192

CAPITAL AND RESERVES

Called up share capital

2,000

Retained earnings

1,261,832

1,262,192

SHAREHOLDERS' FUNDS

1,263,832

1,264,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th March 2023 and were signed on its behalf by:

R K Fitzgerald - Director

1.	STATUTORY INFORMATION

Acrefield Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment income

Investment income is accounted for when receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st December 2021

and 30th November 2022

1,000

NET BOOK VALUE

At 30th November 2022

1,000

At 30th November 2021

1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Acrefield Investments Limited

Registered office:

Nature of business: Property rental

%

Class of shares:

holding

Ordinary

100.00

2022

2021

£

Aggregate capital and reserves

11,704,240

11,464,410

Profit for the year

294,958

328,584

The investment properties of Acrefield Investments Limited are accounted for at cost, not at open market value as required by Financial Reporting Standard 102.

5.

DEBTORS

2022

2021

£

Amounts falling due within one year:

Other debtors

611

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,261,871

Aggregate amounts

1,262,482

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Directors' loan accounts

180

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acrefield Limited for the year ended 30th November 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Acrefield Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Acrefield Limited and state those matters that we have agreed to state to the Board of Directors of Acrefield Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Acrefield Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Acrefield Limited. You consider that Acrefield Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Acrefield Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

JRW

Chartered Accountants

19 Buccleuch Street

Hawick

Roxburghshire

TD9 0HL

29th March 2023

Acrefield Limited - Accounts to registrar (filleted) - small 23.1.2

Acrefield Limited - Accounts to registrar (filleted) - small 23.1.2