ACE LIBERTY AND STONE PLC ANNUAL REPORT 2022
Contents
Company Information, Directors and Advisors | 3 |
Environmental, Social and Governance Policy | 4 |
Chairman's Statement | 5 |
Corporate Governance Statement | 6 |
Strategic Report | 8 |
Key Performance Indicators | 10 |
Directors' Report | 12 |
Report of the Independent Auditors | 14 |
Ace Portfolio Map | 19 |
Consolidated Statement of Comprehensive Income | 20 |
Consolidated and Company Statement of Financial Position | 21 |
Consolidated and Company Statement of Changes in Equity | 22 |
Consolidated Statement of Cash Flows | 24 |
Notes to the Consolidated Financial Statements | 25 |
Expected timetable of principal events | 40 |
Definitions | 40 |
Letter from the Chairman | 41 |
Notice of Annual General Meeting | 42 |
Photos
The Inside Front and Inside Back Covers show the properties re-financed with Coutts & Co, as mentioned in the Chairman's Statement and elsewhere in this Report.
Inside Front
Top right and clockwise
Sunderland - Fawcett House, Fawcett Street, SR1T
Manchester - Grosvenor Casino, 35-39a George Street, M1
Margate - College Square, CT9
Gateshead - Shildon House, High Street NE8
Inside Back
Top right and clockwise
Hanley - 1-5 Upper Market Square, Hanley, ST1
Keighley - Worth Bridge Road, BD21
Middlesbrough - Longlands Road, Middlesbrough TS3
Barnstaple - Princess House, Queen Street, EX3
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Highlights
- Profit before tax up 49% to £2,066,232 (FY 2021 £1,386,072)
- Lower rental income more than offset by cost reductions
- Shareholders funds up 5.6% to £33,988,485 (FY 2021 £32,196,180)
- Re-financecreates stability and opportunities for growth
- Dividend of 3.4 p per share approved
"With no end in sight for turbulent times, Ace is solidly prepared to assess opportunities for the benefit of shareholders"
Ismail Ghandour, CEO
Company Information, Directors and Advisors
Directors: | Dr Tony Ghorayeb | Non-Executive Chairman |
Ismail Ghandour MBA | Chief Executive | |
Mark Thomas MRICS, IRRV | Commercial Director | |
Ivan Minter FCA | Chief Financial Officer | |
Keith Pankhurst | Senior Independent Director | |
Kayssar Ghorayeb | Non-Executive Director | |
Hikmat El-Rousstom | Non-Executive Director | |
Company Secretary: | Ivan Minter FCA | |
Registered Number: | 06223892 (England and Wales) | |
Registered Office: | 20 St Andrew Street | |
London | ||
EC4A 3AG | ||
Bankers: | Lloyds Bank Plc | |
10 Gresham Street | ||
London | ||
EC2V 7AE | ||
Coutts & Co | ||
440 Strand | ||
London | ||
WC2R 0QS | ||
Auditors: | Jeffreys Henry LLP | |
Finsgate | ||
5-7 Cranwood Street | ||
London | ||
EC1V 9EE | ||
Registrars: | Share Registrars Limited | |
3 The Millennium Centre | ||
Crosby Way | ||
Farnham | ||
Surrey | ||
GU9 7XX | ||
Solicitors: | Bracher Rawlins LLP | |
20 St Andrew Street | ||
London | ||
EC4A 3AG | ||
Spector Constant & Williams | ||
4th Floor | ||
75 Wells Street | ||
London | ||
W1T 3QH | ||
Brokers | SP Angel | |
35 Maddox Street | ||
London | ||
W15 2PP |
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Ace Liberty & Stone plc published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 13:55:03 UTC.
