REGISTERED NUMBER: 04992736 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Acrefare Estates Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S P Prendergast

A Spencer

SECRETARY:

S P Prendergast

REGISTERED OFFICE:

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

REGISTERED NUMBER:

04992736 (England and Wales)

ACCOUNTANTS:

Douglas Fairless Partnership

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Tangible assets

3

458,140

458,394

CURRENT ASSETS

Debtors

2,416

2,373

Cash at bank

5,473

7,693

7,889

10,066

CREDITORS

Amounts falling due within one year

94,642

103,003

NET CURRENT LIABILITIES

(86,753

)

(92,937

)

TOTAL ASSETS LESS CURRENT LIABILITIES

371,387

365,457

CREDITORS

Amounts falling due after more than one year

4

(317,371

)

(317,442

)

PROVISIONS FOR LIABILITIES

5

(187

)

(224

)

NET ASSETS

53,829

47,791

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

53,729

47,691

SHAREHOLDERS' FUNDS

53,829

47,791

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2017 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 on 26 September 2018 and were signed on its behalf by:

A Spencer - Director

1.	STATUTORY INFORMATION

Acrefare Estates 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

not provided

Motor vehicles

-

20% on reducing balance

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.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

and 31 December 2017

494,673

DEPRECIATION

At 1 January 2017

36,279

Charge for year

254

At 31 December 2017

36,533

NET BOOK VALUE

At 31 December 2017

458,140

At 31 December 2016

458,394

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.12.17

31.12.16

£

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

317,371

317,442

5.	PROVISIONS FOR LIABILITIES

31.12.17

31.12.16

£

£

Deferred tax

187

224

Deferred

tax

£

Balance at 1 January 2017

224

Accelerated capital allowances

(37

)

Balance at 31 December 2017

187

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

100

ordinary

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1 January 2017

47,691

Profit for the year

6,038

At 31 December 2017

53,729