Registered number: SC162925 | ||||||||
FOR THE YEAR ENDED 31 JANUARY 2023 | ||||||||
Acrepoint Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 JANUARY 2023 | ||||||||
DIRECTORS | ||||||||
Messrs Stevenson Associates | ||||||||
REGISTERED OFFICE | ||||||||
West Lothian | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in SC - Scotland, registered number SC162925 | ||||||||
ACCOUNTANTS | ||||||||
Hodgson and Company | ||||||||
16 Barnes Green | ||||||||
Livingston | ||||||||
West Lothian | ||||||||
EH54 8PP |
Acrepoint Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 JANUARY 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
Acrepoint Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
11,175 | 2,382 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT LIABILITIES | ( | (64,977) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | ||||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Revaluation reserve | 1d,7 | 755,016 | 264,705 | |||||||
Profit and loss account | 593,832 | 564,377 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Acrepoint Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 JANUARY 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures and Fittings | reducing balance 10% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1d. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 7). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 3 | |||||
Acrepoint Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 February 2022 | 9,977 | 3,836 | 13,813 | |||
At 31 January 2023 | 9,977 | 3,836 | 13,813 | |||
Depreciation | ||||||
At 1 February 2022 | 8,270 | 3,836 | 12,106 | |||
For the year | 171 | - | 171 | |||
At 31 January 2023 | 8,441 | 3,836 | 12,277 | |||
Net Book Amounts | ||||||
At 31 January 2023 | 1,536 | |||||
At 31 January 2022 | 1,707 | |||||
4. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 1 February 2022 | 892,354 | 892,354 | ||||||
Revaluation | 587,646 | 587,646 | ||||||
At 31 January 2023 | 1,480,000 | 1,480,000 | ||||||
The investment properties were valued on an open market basis by the directors on 31 January 2023. | ||||||||
If the investment properties had not been revalued they would have been included at an historical cost value of £627,649 (2021: £627,649). | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | 1,496 | 2,382 | ||||||
1,496 | 2,382 | |||||||
Acrepoint Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 6,975 | 8,000 | ||||||
Bank loans and overdrafts | - | 19,508 | ||||||
Other creditors | 39,551 | 39,851 | ||||||
46,526 | 67,359 | |||||||
7. REVALUATION RESERVE | 2023 | 2022 | ||||||
£ | £ | |||||||
Revaluation reserve | 264,705 | 264,705 | ||||||
Transfer from Profit and loss account | 490,311 | - | ||||||
755,016 | 264,705 | |||||||
8. SECURED LIABILITIES | ||||||||
The company has granted a floating charge to it's bankers, Svenska Handelsbanken Ab (Publ), over all the property or undertaking of the company. Svenska Handelsbanken Ab (Publ) holds standard securities on the company's properties at 27 (1F1) Morton Street, Edinburgh and 3 Boothcare Cottages, Leith, Edinburgh. | ||||||||
Clydesdale Bank PLC holds standard securities on the company's properties at 7 (1F1) Portland Street, Edinburgh, 12 E Market Street, Musselburgh and 7 (1F10 Portland Street, Edinburgh. | ||||||||