Ace Acquisition Company Limited - Abbreviated accounts 16.1

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Ace Acquisition Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Glibbery

Mrs K J Glibbery

SECRETARY:

Mrs K J Glibbery

REGISTERED OFFICE:

146 High Street

Billericay

Essex

CM12 9DF

REGISTERED NUMBER:

06077845 (England and Wales)

ACCOUNTANTS:

Michael Letch & Partners LLP

Accountants

146 High Street

Billericay

Essex

CM12 9DF

FIXED ASSETS

Investments

2

398,809

CURRENT ASSETS

Cash at bank

14,230

112,456

CREDITORS

Amounts falling due within one year

64,431

162,657

NET CURRENT LIABILITIES

(50,201

)

(50,201

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

348,608

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

347,608

SHAREHOLDERS' FUNDS

348,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 September 2016 and were signed on its behalf
by:

A Glibbery - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Ace Acquisition Company Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

398,809

NET BOOK VALUE

At 31 December 2015

398,809

At 31 December 2014

398,809

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

Ace Contracts (London) Limited

Country of incorporation: UK

Nature of business: Supply blinds & curtains for commercial interiors

%

Class of shares:

holding

Ordinary

100.00

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000