AC Cubed Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09780672 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 March 2018

for

AC Cubed Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A C M Collins

Mrs C E G Collins

REGISTERED OFFICE:

5 Luke Street

London

Greater London

EC2A 4PX

REGISTERED NUMBER:

09780672 (England and Wales)

ACCOUNTANTS:

Litchfields

5 Luke Street

London

EC2A 4PX

FIXED ASSETS

Investment property

3

704,116

704,116

CURRENT ASSETS

Debtors

72,874

72,874

Cash at bank

12,589

19,241

85,463

92,115

CREDITORS

Amounts falling due within one year

430,913

439,046

NET CURRENT LIABILITIES

(345,450

)

(346,931

)

TOTAL ASSETS LESS CURRENT LIABILITIES

358,666

357,185

CREDITORS

Amounts falling due after more than one year

4

(322,500

)

(322,500

)

PROVISIONS FOR LIABILITIES

(6,460

)

(6,718

)

NET ASSETS

29,706

27,967

CAPITAL AND RESERVES

Called up share capital

98

98

Retained earnings

29,608

27,869

29,706

27,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 23 November 2018 and were signed on its behalf by:

Mr A C M Collins - Director

1.	STATUTORY INFORMATION

AC Cubed 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

704,116

NET BOOK VALUE

At 31 March 2018

704,116

At 31 March 2017

704,116

Fair value at 31 March 2018 is represented by:

£

Valuation in 2016

30,000

Valuation in 2017

4,000

Cost

670,116

704,116

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.18

31.3.17

£

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

322,500

322,500

5.	CAPITAL COMMITMENTS

31.3.18

31.3.17

£

£

Contracted but not provided for in the

financial statements

403,750

403,750