Astute Property Acquisitions Corp Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10231336 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th June 2020

for

Astute Property Acquisitions

Corporation Limited

Page

Company information

1

Abridged balance sheet

2

Notes to the financial statements

4

Chartered accountants' report

6

Directors:

Mr S S Talwar

Mr C R Minton

Mr D P Devlin

Mr D C Minton

Registered office:

Robert Denholme House

Bletchingley Road

Nutfield

Redhill

RH1 4HW

Registered number:

10231336 (England and Wales)

Accountants:

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Fixed assets

Tangible assets

4

2,597

-

Investment property

5

1,059,074

-

1,061,671

-

Current assets

Debtors

644,657

655,867

Cash at bank

54,063

655,214

698,720

1,311,081

Creditors

Amounts falling due within one year

(2,945,808

)

(2,527,703

)

Net current liabilities

(2,247,088

)

(1,216,622

)

Total assets less current liabilities

(1,185,417

)

(1,216,622

)

Creditors

Amounts falling due after more than one year

(50,000

)

-

Net liabilities

(1,235,417

)

(1,216,622

)

Capital and reserves

Called up share capital

22,590

22,590

Retained earnings

(1,258,007

)

(1,239,212

)

(1,235,417

)

(1,216,622

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2020 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.

All the members have consented to the preparation of an abridged Income statement and an abridged Balance sheet for the year ended 30th June 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th May 2021 and were signed on its behalf by:

Mr D C Minton - Director

1.	Statutory information

Astute Property Acquisitions Corporation 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Fair Value shows the point 6 in this section Investment property - Fair Value - Additional. No revaluation will be taken for this accounting period.

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 4 (2019 - 5 ) .

4.	Tangible fixed assets

Totals

£

Cost

Additions

3,462

At 30th June 2020

3,462

Depreciation

Charge for year

865

At 30th June 2020

865

Net book value

At 30th June 2020

2,597

5.	Investment property

Total

£

Fair value

Additions

1,059,074

At 30th June 2020

1,059,074

Net book value

At 30th June 2020

1,059,074

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 Abridged 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 Astute Property Acquisitions Corporation Limited for the year ended 30th June 2020 which comprise the Abridged income statement, Abridged 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Astute Property Acquisitions Corporation Limited, as a body, in accordance with the terms of our engagement letter dated 11th April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Astute Property Acquisitions Corporation Limited and state those matters that we have agreed to state to the Board of Directors of Astute Property Acquisitions Corporation Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Astute Property Acquisitions Corporation Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Astute Property Acquisitions Corporation 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 Astute Property Acquisitions Corporation Limited. You consider that Astute Property Acquisitions Corporation 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 Astute Property Acquisitions Corporation 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.

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

19th May 2021