A & C Properties Ltd - Limited company accounts 20.1

REGISTERED NUMBER: 08723563 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 October 2019

for

A & C Properties Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

C W Cheesman

Mrs A M Cheesman

REGISTERED OFFICE:

10 English Business Park

English Close

Hove

East Sussex

BN3 7ET

REGISTERED NUMBER:

08723563 (England and Wales)

ACCOUNTANTS:

AJ Wheeler Limited

Trading as TBD Hove

338 London Road

Portsmouth

Hampshire

PO2 9JY

The directors present their report with the financial statements of the company for the year ended 31 October 2019.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of data providers

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2018 to the date of this

report.

C W Cheesman

Mrs A M Cheesman

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

C W Cheesman - Director

29 October 2020

TURNOVER

5,863

71,745

Administrative expenses

1,303

6,282

OPERATING PROFIT

4,560

65,463

Interest receivable and similar income

8

-

PROFIT BEFORE TAXATION

4,568

65,463

Tax on profit

868

12,438

PROFIT FOR THE FINANCIAL YEAR

3,700

53,025

CURRENT ASSETS

Cash at bank and in hand

161,467

143,652

CREDITORS

Amounts falling due within one year

4

27,164

13,049

NET CURRENT ASSETS

134,303

130,603

TOTAL ASSETS LESS CURRENT
LIABILITIES

134,303

130,603

CAPITAL AND RESERVES

Called up share capital

60

Retained earnings

134,243

130,543

134,303

130,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2020 and
were signed on its behalf by:

C W Cheesman - Director

1.	STATUTORY INFORMATION

A & C Properties Ltd 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.

Turnover

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

value added tax and other sales taxes.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Taxation and social security

889

12,459

Other creditors

26,275

590

27,164

13,049

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have advanced the company interest free loans which at the balance sheet date amounted to

£25735 creditor (£50 creditor 2018)