Highlights
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During the year under review, the Company purchased properties in Oldham, Wigan, Leicester, Chesterfield, Northampton, Bolton, Middlesbrough and Warrington for a total of £32,952,499. This has had the effect of lifting the total passing rent of the portfolio to…
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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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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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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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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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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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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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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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The consolidated profit for the year was £412,533 (2010 loss of £428,527) on consolidated revenue of £1,520,124 (2010 £154,764). The Company is very pleased with this result and believe the Company is in good shape to continue to enhance shareholder value in the current year…
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