REGISTERED NUMBER: 07174216 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

AC CAPITAL LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A R Curtis

REGISTERED OFFICE:

10 London Mews

London

W2 1HY

REGISTERED NUMBER:

07174216 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

London

W2 1HY

CURRENT ASSETS

Cash at bank

372

232

CREDITORS

Amounts falling due within one year

4

336,496

334,832

NET CURRENT LIABILITIES

(336,124

)

(334,600

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(336,124

)

(334,600

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(336,125

)

(334,601

)

SHAREHOLDERS' FUNDS

(336,124

)

(334,600

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 8 November 2017 and were signed by:

A R Curtis - Director

1.	STATUTORY INFORMATION

AC Capital 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 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.

The financial statements have been prepared on a going concern basis. Whilst the company has a net deficit on its balance

sheet it is reliant on the continued support of the director. The director has given assurances that his loans are not

re-payable in the near future and that he will provide further support if and when required.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and

liabilities like other debtors, trade creditors and other creditors.

The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

336,496

334,832

5.	RELATED PARTY DISCLOSURES

During the year the Director advanced monies to the company totalling £1,663 (2016: £1,923).

As at 31 March 2017 the company owed the Director £335,987 (2016: £334,324). No interest is payable on this loan.

6.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102. The last financial statements under UK

GAAP were for the year ended 31 March 2016. The date of transition to FRS 102 was 1 April 2015. There are no

transitional adjustments arising from the first time adoption of FRS 102.