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REGISTERED NUMBER: 02165913 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

A. & C. DEVELOPMENTS LIMITED

A. & C. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02165913)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A. & C. DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Mr C M Iacovides
Mr N I Koumettou





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 02165913 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

A. & C. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02165913)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 1,108 1,477
Investments 4 608,297 381,655
Investment property 5 1,562,877 1,562,877
2,172,282 1,946,009

CURRENT ASSETS
Debtors 6 1,621 3,121
Cash at bank 1,710 2,176
3,331 5,297
CREDITORS
Amounts falling due within one year 7 34,423 22,852
NET CURRENT LIABILITIES (31,092 ) (17,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,141,190

1,928,454

CREDITORS
Amounts falling due after more than one
year

8

(1,126,497

)

(960,902

)

PROVISIONS FOR LIABILITIES 10 (66,907 ) (66,907 )
NET ASSETS 947,786 900,645

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 285,234 285,234
Retained earnings 662,452 615,311
947,786 900,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

A. & C. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02165913)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2018


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 Board of Directors on 17 December 2018 and were signed on its behalf
by:





Mr N I Koumettou - Director


A. & C. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02165913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

A. & C. Developments 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.

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


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that period
or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue represents rents receivable during the period.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment
losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances
indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful
lives.

Plant and machinery 25% on reducing balance method

The company has adopted the policy of not depreciating the assets in the year of acquisition. However, full
depreciation will be provided in the year of disposal.

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.

Deferred taxation is provided on these gains or losses at the rate expected to apply when the property is sold.

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 statement of financial position date.


A. & C. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02165913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at
the statement of financial position 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.

Preparation of consolidated financial statements
The financial statements contain information about A & C Developments Limited as an individual company and
do not contain consolidated financial information as the parent of a group. The company has taken the option
under section 398 of the Companies Act 2006 not to prepare consolidated financial statements and accordingly
these financial statements present information about the company as a single undertaking as the company and
its subsidiary undertakings comprise a small group.

Fixed asset investments
Fixed asset investments are stated at cost less provision for diminution in value.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand and short
term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly
liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant
risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit
or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised
in profit or loss.

3. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 April 2017
and 31 March 2018 18,602
DEPRECIATION
At 1 April 2017 17,125
Charge for year 369
At 31 March 2018 17,494
NET BOOK VALUE
At 31 March 2018 1,108
At 31 March 2017 1,477

4. FIXED ASSET INVESTMENTS

2018 2017
£    £   
Shares in group undertakings 2,029 2,029
Loans to group undertakings 606,267 379,625
Other investments not loans 1 1
608,297 381,655

A. & C. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02165913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 2,029 1 2,030
NET BOOK VALUE
At 31 March 2018 2,029 1 2,030
At 31 March 2017 2,029 1 2,030
Loans to
group
undertakings
£   
At 1 April 2017 379,625
New in year 226,642
At 31 March 2018 606,267

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 1,562,877
NET BOOK VALUE
At 31 March 2018 1,562,877
At 31 March 2017 1,562,877

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2017 162,442
Cost 1,400,435
1,562,877

If investment property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 1,562,877 1,400,435

Investment property was valued on an open market basis on 31 March 2018 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 1,621 3,121

A. & C. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02165913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 7,646 5,486
Taxation and social security 8,931 -
Other creditors 17,846 17,366
34,423 22,852

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans 221,078 210,651
Other creditors 905,419 750,251
1,126,497 960,902

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 221,078 210,651

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 221,078 210,651

The bank loan and overdraft is secured by the way of legal mortgage over the properties owned and fixed
charged over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 66,907 66,907

Deferred
tax
£   
Balance at 1 April 2017 66,907
Balance at 31 March 2018 66,907

11. RESERVES
Fair
value
reserve
£   
At 1 April 2017
and 31 March 2018 285,234

12. RELATED PARTY DISCLOSURES

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.

Included in other creditors is an interest-free loan amount of £905,418 (2017: £750,251) owed to the directors of
the company.