All Financial Reports

ALL FINANCIAL REPORTS

in 2018 & 2017, Financial Reports

2018 Directors Report and Group Financial Statements

The Year 2018 report that revenue for the year has increased to £3,515,088 from £2,632,219 in 2017. Although profit before tax has dropped from £1,122,317 in 2017 to £214,141 in the current year, the KPI report shows that the profit earned by the business before non-recurring income and overheads increased from £839,198 in 2017 to a current year value of £1,054,510…

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in 2018 & 2017, Financial Reports

2017 Directors Report and Group Financial Statements

I am pleased to report that Ace Liberty & Stone plc continues to make good progress and is active in the commercial property market. At 30 April 2017 the Group’s portfolio was valued at £38,979,308 compared to £29,488,428 a year earlier. During the year ended 30 April 2017, Ace purchased 1 – 5 Upper Market Square, Hanley for £9,000,000 and Grosvenor Casino, Manchester for £4,000,000. These properties are featured on the inside front cover of this report…

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in Financial Reports

2016 Directors Report and Group Financial Statements

The year has seen several notable achievements. The sale of Hume House has been agreed at £3,550,000 for completion in December 2016, having been purchased for £1,670,000 in March 2014. The Group’s property holdings have grown during the year from £23,964,428 to £29,488,428 and the Group also managed a very successful fundraising from existing shareholders (which was handsomely over-subscribed) of £3,500,000 in February, providing funds for the – post year-end – purchase of 1–5 Upper Market Square, Hanley valued at £9,000,000. This will take our portfolio to almost £40,000,000 by the date of the AGM…

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in Financial Reports

2015 Directors Report and Group Financial Statements

The year has seen several notable achievements. The sale of Hume House has been agreed at £3,550,000 for completion in December 2016, having been purchased for £1,670,000 in March 2014. The Group’s property holdings have grown during the year from £23,964,428 to £29,488,428 and the Group also managed a very successful fundraising from existing shareholders (which was handsomely over-subscribed) of £3,500,000 in February, providing funds for the – post year-end – purchase of 1–5 Upper Market Square, Hanley valued at £9,000,000. This will take our portfolio to almost £40,000,000 by the date of the AGM. To put this in context…

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in Financial Reports

2014 Directors Report and Group Financial Statements

The consolidated profit for the year after taxation was £408,216 (2013: £140,879 restated) on consolidated revenue of £1,097,052 (2013: £959,574 restated). The Company’s earnings fluctuate from year to year as profits are realized from property sales and an important indicator of the group’s strength is the total equity attributable to owners which now stands at £8,244,105 (2013: £3,871,550 restated). I draw your attention to the change of accounting policy this year as a result of the adoption of IFRS 10 which results in the consolidation of Radcliff Property Limited, previously reported as an investment. The Board is very pleased with the result of the year’s activities and believes the Group is well-placed to capitalize on future events in the property market…

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in Financial Reports

2013 Directors Report and Group Financial Statements

The consolidated profit for the year after taxation was £129,426 (2012: £93,843 restated) on consolidated revenue of £697,270 (2012: £97,053). The Company’s earnings fluctuate from year to year as profits are realised from property sales and an important indicator of the group’s strength is the total of share capital and reserves which stands at £3,871,551 (2012: £2,143,969 restated). The Board is very pleased with the result of the year’s activities and believe the Group is well-placed to capitalise on future events in the property market.

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in Financial Reports

2012 Directors Report and Group Financial Statements

The consolidated profit for the year was £162 843 (2011 9412 533) on consolidated revenue of £97.053 (2011 £1,520,124). This shows that the consolidated profit is mainly generated from our share of profit from Radcliff Properties Lid of £634,667 which is not part of the consolidated revenues as it is an associated company. The group is very pleased with this result and believe the group is in good shape to continue to trade profitably during the current year.

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in Financial Reports

2010 Directors Report and Group Financial Statements

The consolidated loss for the year was £482,527 (2009 £31,968) on consolidated revenue of £154,764 (2008 £443,736). This result is posted after a provision for impairment charge of £394,000 in respect of the valuation of the Stoke on Trent portfolio. Although a further loss is disappointing, it must be viewed against the economic background, which has been very difficult, especially for small companies. The Company has husbanded its cash resources during the year and will continue to manage its activities on a prudent basis until it is able to make the investments it believes will ensure its future growth…

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in Financial Reports

2009 Directors Report and Group Financial Statements

The consolidated loss for the year was £31,968 (2008: £83,077) on consolidated revenue of £443,736 (2008: £80,396). This improvement on last year’s result is welcome and represents a significant achievement despite the difficult trading environment encountered during the year under review and contrasts well with the property sector as a whole which generally has not performed. It is pleasing to note that notwithstanding difficult trading conditions a small profit was achieved by the residential arm of the company on the two properties in Chelsea in a very challenging market. However, it is disappointing that as a consequence of the prevailing economic climate the Company has been delayed from pursuing the strategy defined on listing on PLUS in November 2007 as quickly as we would have liked. The board believes that, having survived the recession in good shape, the Company is now very well-placed to benefit from further opportunities which the directors expect to arise in the property market in the next few months…

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