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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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ACS ESTATES LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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FOR |
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ACS ESTATES LIMITED |
ACS ESTATES LIMITED (REGISTERED NUMBER: 07431545) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ACS ESTATES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Broadfield House |
18 Broadfield Road |
Sheffield |
S8 0XJ |
ACS ESTATES LIMITED (REGISTERED NUMBER: 07431545) |
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ABRIDGED BALANCE SHEET |
31ST DECEMBER 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
ACS ESTATES LIMITED (REGISTERED NUMBER: 07431545) |
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ABRIDGED BALANCE SHEET - continued |
31ST DECEMBER 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
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ACS ESTATES LIMITED (REGISTERED NUMBER: 07431545) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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1. | STATUTORY INFORMATION |
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ACS Estates Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover represents amounts receivable in respect of the letting of property and management charges raised |
during the period. |
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Tangible fixed assets |
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Freehold property | - |
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Office equipment | - |
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Fixtures and fittings | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Investment property |
Investment properties are stated at their market values at the end of each accounting period. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1st January 2017 |
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Additions |
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At 31st December 2017 |
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DEPRECIATION |
At 1st January 2017 |
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Charge for year |
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At 31st December 2017 |
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NET BOOK VALUE |
At 31st December 2017 |
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At 31st December 2016 |
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ACS ESTATES LIMITED (REGISTERED NUMBER: 07431545) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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5. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
At 1st January 2017 |
and 31st December 2017 | 100 |
NET BOOK VALUE |
At 31st December 2017 | 100 |
At 31st December 2016 | 100 |
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6. | INVESTMENT PROPERTY |
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The directors estimate that the market value of the investment properties held at 31st December 2017 was |
£737,500 (2016 - £723,000). |
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7. | RESERVES |
Revaluation |
reserve |
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At 1st January 2017 |
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Revaluation of investment properties | 14,500 |
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At 31st December 2017 |
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8. | RELATED PARTY DISCLOSURES |
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S D and S E Guest, the directors of the company, are also shareholders in The Atlas Holding Company Limited. |
At 31st December 2017 ACS Estates Limited had received loans from that company of £39,982 (2016 - |
£129,982). |