ACT (Luton) Limited - Accounts to registrar (filleted) - small 18.2

ACT (Luton) Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09985082 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

ACT (LUTON) LIMITED

ACT (LUTON) LIMITED (BY SHARES) (REGISTERED NUMBER: 09985082)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2020




Page

Company Information 1

Balance Sheet 2


ACT (LUTON) LIMITED (BY SHARES)


COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2020







DIRECTOR: Mr A M Panepinto





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 09985082 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

ACT (LUTON) LIMITED (BY SHARES) (REGISTERED NUMBER: 09985082)


BALANCE SHEET
31 OCTOBER 2020

2020 2019
£    £    £    £   
FIXED ASSETS 1,689,740 1,674,716

CURRENT ASSETS 225,685 202,636

CREDITORS
Amounts falling due within one year (14,415 ) (17,651 )
NET CURRENT ASSETS 211,270 184,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,901,010

1,859,701

CAPITAL AND RESERVES 1,901,010 1,859,701

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2019 - NIL).

2. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2020 and 31 October 2019:

2020 2019
£    £   
Mr A M Panepinto
Balance outstanding at start of year (450 ) 168,826
Amounts advanced 175,062 724
Amounts repaid - (170,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 174,612 (450 )

During the year, interest was charged at the official market rate of 2.25% totalling £3,842 (2019: £nil)

3. OTHER FINANCIAL COMMITMENTS

The presentation currency of the financial statements is the Pound Sterling (£).

4. BASIS OF PREPARING FINANCIAL STATEMENTS

The Director believes that the company has adequate resources in place and has taken appropriate measures to appropriately manage the principal risks and uncertainties it faces as a result of the current COVID-19 pandemic. The majority of properties owned by the company have continued to be rented during these uncertain times.

The Director has considered all relevant matters and believes that the going concern basis continues to be
appropriate when preparing these accounts.



ACT (LUTON) LIMITED (BY SHARES) (REGISTERED NUMBER: 09985082)


BALANCE SHEET - continued
31 OCTOBER 2020


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 23 April 2021 and were signed by:





Mr A M Panepinto - Director